difference between public and private expenditure

i) The purpose of public expenditure is the welfare of the society or the country but the motive of private expenditure is limited to the welfare of himself and his family. ... Public expenditure on the other hand. is planned with the objective of long term benefits to the society.

1. What do you mean by private expenditure?
2. What are the different types of public expenditure?
3. What is the similarity and difference between public finance and private finance?
4. What is private expenditure on health?
5. What are the components of private consumption expenditures?
6. What is private consumption in GDP?
7. What are the three types of expenditure?
8. What are the 4 major categories of expenditure?
9. What are the three major ways of public expenditure?
10. Who is the father of public finance?
11. What are the principles of public expenditure?
12. What are sources of public finance?

What do you mean by private expenditure?

Private expenditure on prevention and public health refers to privately funded part of expenditure on prevention and public health. It includes privately funded occupational health care; prevention and public health services provided by charities, other non-Governmental organisations, voluntary organisations.

What are the different types of public expenditure?

TYPES OF PUBLIC EXPENDITURE :-

• 1)Capital And Revenue Expenditure :- ...
• 2)Development And Non – Developmental Expenditure / Productive And Non – Productive Expenditure :- ...
• 3)Transfer And Non – Transfer Expenditure :- ...
• 4)Plan And Non – Plan Expenditure. ...
• 5)Other Classification.

What is the similarity and difference between public finance and private finance?

Similarities between public finance and private finance are: Public and private finance have almost the same objectives. Private finance aims to satisfy individual wants whereas public finance tries to satisfy the wants of all members of a society. Limited resources are available to satisfy wants.

What is private expenditure on health?

Private expenditure on health as a percentage of total expenditure on health. ... It includes expenditure from pooled resources with no government control, such as voluntary health insurance, and the direct payments for health by corporations (profit, non-for-profit and NGOs) and households.

What are the components of private consumption expenditures?

Private consumption includes all purchases made by consumers, such as food, housing (rents), energy, clothing, health, leisure, education, communication, transport as well as hotels and restaurant services.

What is private consumption in GDP?

This is a measure of all the money spent by consumers in the country to buy goods and services. It is often called as consumer expenditure. It even includes the rent you pay your landlord. Why it matters: Private consumption is a major part of the GDP or Gross Domestic Product - a measure of the economy.

What are the three types of expenditure?

In accounting terminology, there are three types of expenditure that a business can incur:

• Capital Expenditure.
• Revenue Expenditure and.
• Deferred Revenue Expenditure.

What are the 4 major categories of expenditure?

There are four main aggregate expenditures that go into calculating GDP: consumption by households, investment by businesses, government spending on goods and services, and net exports, which are equal to exports minus imports of goods and services.

What are the three major ways of public expenditure?

three major components: spending by government, private investment spending, and spending by consumers.

Who is the father of public finance?

Richard A. Musgrave, an economist who has been called the father of modern public finance, died Monday in Santa Cruz, Calif.

What are the principles of public expenditure?

The objective behind this principle is that public money should be spent for general cause and must promote social welfare. It should not be spent for the benefit of a particular group of society. Public expenditure should result in increased production, elimination of inequality and promotion of welfare of all.

What are sources of public finance?

Government expenditures are financed primarily in three ways: Government revenue. Taxes. Non-tax revenue (revenue from government-owned corporations, sovereign wealth funds, sales of assets, or seigniorage)