Public finance - Hutchinson encyclopedia article about Public finance Printer Friendly
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public spending
(redirected from Public finance)

    Also found in: Acronyms, Wikipedia 0.15 sec.

public spending

Expenditure by government, covering the military, health, education, infrastructure, development projects, and the cost of servicing (paying off the interest on) overseas borrowing.

A principal source of revenue or income to pay for public expenditure is taxation. Most countries present their plans for spending in their annual budgets.



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