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Classification of government expenditure

Classwork Series and Exercises {Financial Accounting – SS2}: Government Expenditure

Financial Accounting, SS 2, Week 5 Topic: Government Expenditure Content Government spending or expenditure includes all government consumption, investment, and transfer payments. It also means what a government spends in order to achieve its planned budget or the overall public spending carried out by the government. Classification of Government Expenditure Expenditure of the government can [...]

Classwork Series and Exercise (Economics-SS3): Government / Public Revenue

Government/ Public revenue Government revenue is money received by government. It is an important tool of the fiscal policy of the government and is the opposite factor of government spending. Government (or public) revenue may be defined as the total income accrues to all levels of administration (local, state and federal) or government from various [...]