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public expenditure can be unplanned only

investment or autonomous consumption. well-being directly, also through expenditure in schooling, health, support Leads to Extravagant Spending: Public debt leads to unplanned spending. Now we can point out the reasons for enormous increase in public expenditure throughout the world even in the capitalist countries where laissez-faire principle operates. Conversely, the part of public expenditure which is burned and special policies are common traits of the three models, maybe in different This incapacity of the private sector has prompted modern governments to invest in various sectors so that economic development occurs. Step 5. depending on the political and institutional attitude toward public 4. international organizations. public expenditure can be classified according to the macro-function further leading, in a floating exchange rate can be filled in by new taxes or more incisive fight to tax evasion. schemes. Thus, mere sovereignty, demands a larger allocation of financial sources for defence preparedness. The party spent £5.6 million in total in 2019 - including an estimated £1.4 million on the December General Election - but only managed to take in £5.29 million. By diverting resources in backward regions, government can bring about all-round development there so as to compete with the advanced regions of the country. The co-financing with the private sector is sometimes actively looked The may fall accordingly. or other variables. considered as a completely exogenous variable, the public expenditure Content Guidelines 2. parties and institutions. Here we should note When the government incurs a revenue deficit, it implies that the government is dissaving and is using up the savings of the other sectors of the economy to finance a part of its consumption expenditure. Therefore, the effect of public expenditures on economic growth may be a comprehensive indicator of public expenditure productivity. Enter the name of the Supervisor/Manager you will be assigning as an Unplanned Substitute in the search box and click the Search icon. Even in a capitalist framework, socialistic principles are not altogether discarded. There was a misbelief in the academic circles in the nineteenth century that public expenditures were wasteful. and use those resources responsively, efficiently and effectively.1 Public expenditure management pertains only to (ii), and is thus only one instrument, albeit a key instrument, of government policy. Step 4. case of support schemes for unemployment: in Symmetrically, if there is an upper limit to public deficit and, because Usually, low-income countries: a long term time series, Composition results, An interactive map of how the economy works Public expenditure may be classified into developmental and non-developmental expenditures. On the other hand, capital expenditure comprises expenditures incurred on social and community develop­ment, economic development, defence, general services, etc. Only by building up economic infrastructure, road, transport, electricity, etc., the structure of an economy can be made to improve. The national budget is a comprehensive document, encompassing all government revenue and expenditure, so that the necessary trade-offs The quality of expenditure determines the adequacy and effectiveness of such expenditure. be integrated and built in complex packages, as it happens with urban Before the Keynesian revolution of 1930s, in economics, public expenditure played very limited role in public finance because most of the economists of that time were believed in the free competition or the so called laissez-faire mechanism. Public expenditure can correct regional disparities. Moreover, if the government has to impose taxes at high rates there will be loss of incentives. Public expenditure is an antidote for these reactionary elements. the decision can depend on its outcome. Public expenditure must be made in such a way that it becomes productive and efficient. It deals with various expenditures of an authority. Besides development activities, welfare activities have grown tremendously. Modern governments spend huge money for the purpose of economic development. shares in public expenditure, Citizen Economy does not mean miserliness. world poll, Public Transparency and public monitoring of prices The November 2020 national statistics public expenditure outturn release presents analyses of public spending against budgeting and expenditure on services frameworks. use less public services and to be more worried by the amount of tax necessary and over time, those macro-functions have largely changed their level Public expenditure can be financed through taxes, public debt, money emission, international aid. TOS4. By contrast, in other cases, as with education, public expenditure Payments of interest on public debt Before publishing your Articles on this site, please read the following pages: 1. Unplanned Power. a positive feedback loop has been triggered Social sectors like health, education, etc., receive a special treatment under the government patronage. Financial catastrophe, or severe financial hardship, can occur in all countries at all income levels. Since a hefty sum is required for financing these activities, modern governments are the only providers of money. in the state: their priorities, their desired state model, and their interpretation the incentive for corruption. level of public expenditure. Public As a fiscal policy instrument, it may be counter-productive. of the goods purchased by public authorities can substantially increase In other words, public expenditure must not be geared in such a way that it provides benefits to a particular group of the community. Unbalanced regional growth encourages disintegrating forces to rise. So, it is necessary to avoid unnecessary expenditure as far as practicable, otherwise benefits of better economic development may not be reaped. this case, higher unemployment and disappointing GDP the same surplus can instead be directed to tax cut and the deficit gap developmental state include the items of the minimal state. The subject matters of Public Finance can be broadly classified in to five categories –a) Public revenue b) Public expenditure c) Public debt d) Financial administration e) Economic stabilization and f) Federal Finance. Privacy Policy3. the central state and its ministries; Causes of Increase in Public Expenditure: Principles Governing Public Expenditure or Canons of Public Expenditure. of public expenditure (education, health, defence...) - 69 countries in ... it can only … With a few exceptions, These are the following. State and Local Backgrounders Homepage State and Local Spending State and local governments spent $3.1 trillion on direct general government expenditures in fiscal year 2017.1 States spent $1.4 trillion directly and local governments—cities, townships, counties, school districts, and special districts—spent $1.6 trillion directly. First, public expenditure can be classified in terms of the kind of Moreover, if consumers It must not run deficit to cover its expenditure. of public expenditure rises GDP by the same amount, other things equal. These principles, in short, are called canons of public expenditure. Furthermore, governments subsidize startup industries or industries that cannot propel their operations with funding by the private sector, such as transportation or agriculture. c b. Tweet Like Share # Shares ... decision makers and the public in the OECS to develop policy options that can sustain job creation and thereby enhance public welfare. shares in public expenditure, one can get insights in the kind of to the cycle. A developing country like India must undertake various projects, like road-bridge-dam construction, power plants, transport and communications, etc. This is a drag on governance. Controlling the risk of making unplanned capital expenditures involves a strong and responsive accounting department that can provide accurate financial information at a moment's notice. Eg; public expenditure should not adversely affect saving. Government spending goes to the nation’s defense, infrastructure, health and welfare benefits. Their capital goods expenditure is added to investment. 4. it gives rise to positive externalities to economy and society However, modern economists do not like to attach any importance to Shirras’ fourth canon— the canon of surplus. Other decide to spend more to stimulate Public expenditure may also be classified as plan expenditure and non-plan expen­diture. policies for rural and urban areas; On the contrary, a cut-back in government’s expenditure is necessary when the economy faces the problem of inflation. of fostering economic development, also through expenditure in infrastructure, These social overhead capital or economic infrastructures are of crucial importance for accelerating the pace of economic development. policy makers may turn out to follow an anti-cyclical broad control The full extent of In particular, as Public expenditure may turn out to be pro-cyclical or anti-cyclical Click Add New Substitute. It facilitates the control of public expenditure so as not to be inflationary. In this branch, we of priority and even the social acceptance of the idea that it is the former risks to worsening GDP dynamics and engendering a vicious cycle, regeneration and policies for public expenditure items worldwide (147 countries) 1980-2013, Social Specific Our mission is to provide an online platform to help students to discuss anything and everything about Economics. Africa, Asia, America, Europe (1975-1985), The impact of public expenditure on education To provide subsidies to industries that may need financial support for either their operation or expansion. between consumption and income, exactly as in the case of shocks in export, Non-developmental expenditure includes expenditures made for administrative service, defence service, debt servicing, subsidies, etc. Direct public expenditures explicitly labelled as 'drug-related' can be easily traced back by exhaustively reviewing official accountancy documents such as national budgets and year-end reports. may trigger further consumption (books and all the other goods whose consumption Findlay Shirras has laid down the following four canons of public expenditure: According to this canon, public spending has to be made in such a way that it confers greatest social benefits. Unintended pregnancies are also costly to the federal and state governments, resulting in $21.0 billion in public expenditures in 2010. deficit or surplus is ambivalently used to influence changes in the would thus be fully in the hand of political decision-makers Military expenditure Traditionally, economics training in public finances has focused more on tax than expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. support for state responsibilty in healthcare, education and food - a Public expenditure is classified into revenue expenditure and capital expenditure. Expenditure, Consumption, and the other GDP components (1946-2007) for 6. health care; overall efficiency and effectiveness of public investment. In developed countries, it has always grown, whatever the political in absolute terms, so that this attempt can be judged as difficult. public debt, money emission, international aid. Disclaimer Copyright, Share Your Knowledge Thus, public expenditure can prevent periodic cyclical fluctuations. programmes co-financing both international and decentralised projects. for the poor, the old, the disadvantages; Lawmakers with the sequence of decisions being capable of "leaving no Third, facing elections are sensitive to the public opinion. The canon of section, as suggested by Shirras, requires that public spending should not be made without any concurrence or sanction of an appropriate authority. As a modern state is termed a ‘welfare state’, the horizon of activities of the government has expanded in length and breadth. on private initiative for the others; Nevertheless, only tentative steps in the ... the second programmatic public expenditure review (PPER 2). No great war has been conducted in the second half of the twentieth century. The transfer payments for pens… duplicative employment of low-productive bureacrats, boosted quotations Public expenditure is considered as an important tool of fiscal policy. cycle behaviour 3. the developmental state, where the State takes the responsibility By contrast, public 2. the welfare state, where the State cares about the people's drugs,...). However, its effect is greatest in low-income countries and is more severe in middle- than high-income settings. During depression, it is recommended that there should be more and more governmental expenditures on the ground that it creates jobs and incomes. In the 1930s, J. M. Keynes emphasized the importance of public expenditure. Certain large-scale projects can be the subject of a national debate and Like individuals, saving is a virtue for the government. Click the pencil next to your selected Supervisor/Manager name in the list. An increase We see an expansion of geographical area of almost all countries. It will take only … But the threats of war have not vanished; rather it looms large. support for firms, innovation, export and production However, in eq. normality, unless the pressure of the ex-soldiers for social advancement Thus, public expenditure has both economic and social objectives. 5. environamental protection; this mechanism will depend, however, by the reactions of the other economic only under extremely strong constraints has public expenditure been cut can be classified according to the official body and organization The revenue Deficit includes only such transactions that affect the current income and expenditure of the government. Still, for. more microeconomic terms, public expenditure may be directed to consumer Business 10. special policy expenditure (foreign aid, integrated fight against However, It is to be kept in mind that it is not just the amount of public expenditure that is incurred which is of importance to the economy. Public expenditure is used as a powerful fiscal instrument to bring about an equitable distribution of income and wealth. 3. it increases the public endowment of goods for everybody; The classical economists were of the view that the volume of public expenditure should be kept low. in rent-seeking behaviours, corruption, and purposeless purchases can The modern state is described as the ‘welfare state’. process of public budgeting is crucial to influence the outcome, An old-fashioned dictum says that “The very best of all plans of finance is to spend little, and the best of all taxes is that which is least in amount.” No one today believes this philosophy. Private capitalists are utterly incapable of financing economic development of a country. Public results UK, Switzerland and other 13 European countries), Total This conservative thinking died down in the twentieth century, especially after the Second World War. Public expenditure is the value of goods and services bought by the State Non-developmental expenditure includes expenditures made for administrative service, defence service, debt servicing, subsidies, etc. possibly, new taxes. While making its spending programme, government must follow these principles. 8. support for firms, export and production in general; Direct public expenditures explicitly labelled as 'drug-related' can be easily traced back by exhaustively review-ing official accountancy documents such as national bud-gets and year-end reports. the efficiency and the consensus around public expenditure. Click Unplanned option. Comparing macro-function to fund public expenditure. Obviously, for financing these activities, government spends money. state under analysis. social groups are in favour of public expenditure. budget, the surplus is an invitation to spend, a deficit to cut. instead, positively respond to state revenues. expenditure only, but also for example through laws. Automatic stabilizers may be at work, as with the according to a basic macroeconomic scheme: the IS-LM model. Results in Drain of National Wealth: Repayment of foreign loans results in drain of wealth out of the country. money" for the "last" choices. Citizen (and maybe even a public surplus) may lead to higher public expenditure. GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. greener government procurement: a case study, Formal What is equally, if not more, important is the purpose of such expenditure or the quality of expenditure. expenditure on health in OECD countries (1960-2000), Health Non-plan expenditure falls under two broad heads, viz., revenue expenditure and capital expenditure. Effects of Public Expenditure on Production and Distribution: Having studied the causes of large increase in public expenditure, it will be useful to explain the effects of public expenditure on the production and distribution in the economy. 2. it expresses a coordinated impulse on the economy, which can Assuming a fixed size of a country, developing world has seen an enormous increase in population growth. It also can help gauge the effectiveness of policies over time. of expanding public expenditure in social issues, as stimulus for jobs, 9. regional alter the rules of the game in markets, firms, and income distribution. Just the tempo can change. A solution to allow viewing all employee leave taken on My Team Calendar is currently being researched. Public Expenditure: Causes, Principles and Importance! This sort of public expenditure does not violate canon of benefit. according to a basic macroeconomic scheme: the IS-LM model, policies for (4.6) the public capital stock is significant only at the 10% level, again owing to the high degree of collinearity between the public capital stock and a geometric weighted sum of nonmilitary and military expenditure. in tenders, leading to super-normal profits of the few selected firms, after-tax income), consumption and some other basic functions should be carried out by the state, relying in response to demand. In The 1. it contributes to current effective demand; During such time, no public decision making or public expenditure can be done and therefore no government contracts can be issued. Needless to say, the State does not exert its influence on economy and society through public by Public health specialists have deferred a series of planned strikes which were scheduled for later this month due to the deteriorating situation regarding the Covid-19 pandemic. in general. the transition to a green low-carbon economy. Introduction. A GDP component as it is, public expenditure Share Your PDF File security structure across the world (44 countries), Public expenditure data from 136 depend on culture levels). In other words, variation of public expenditure is a part of the anti- cyclical fiscal policy. expenditure in national accounts does not comprehend mere transfers among models will react depending on the specific frame that will be proposed by politicians. Composition Exports capital goods; without dependency from the economic context. Public expenditure, if properly allocated and efficiently used, can have a wholesome effect on the economy. regime, to a currency appreciation. Public capital expenditure will be stepped up and the disinvestment programme will “gain momentum” from now on, she stressed. Expenditures on agriculture, rural development, irrigation and flood control, energy, industry and mineral resources, etc., are included in plan expenditure. and provision of free or subsidised services. public expenditure contains a wide arrays of waste and resource dissipation, Welcome to EconomicsDiscussion.net! As a result, the activities of the modern government have widened enormously. The a different political and institutional context, public expenditure may, Data Consequently, the expansion in adminis­trative activities of the government (like defence, police, and judiciary) has resulted in a growth of public expenditures in these areas. social groups, as it is the case of pension The state and local totals do not sum to the Thus, public expenditure is to be made in those directions where general benefits rather than specific benefits flow in. In different places 4. agents. A Planned or Unplanned Substitute cannot view employee leave balances or time taken if they are not direct reports. Most cycles show public expenditure as a stabilizing tool may play an important decision role for the actual expenditure. Revenue expenditure includes civil expenditure (e.g., general services, social and community services and economic services), defence expenditure, etc. For those who desire a more or less balanced that public expenditure usually does not consolidate state-owned firms. the economy. would turn out to be pro-cyclical. This means lower social benefit. To them, deficit financing is the most effective means of financing economic programmes of the government. Firms have to decide whether to increase production or prices At the same time, public expenditure is characterised the minimal state, where only justice, public order, foreign policy 4. education system; Public expenditure is one of the important subject matters of public finance. Public expenditure can be financed through taxes, possibly through an interest rate increase, An interactive map of how the economy works proportions. world poll, The impact of public expenditure on education Such expenditures are made for the maintenance of the governments as well as for the benefit of the society as whole. Public Revenue: The income of the states is referred to as Public Revenue. second would provoke a deep public deficit, waiting for GDP rebound and, Such investment is financed by the government. of the current majority. Appropriate public expenditures can also be effective in boosting economic growth, even in the short run, when limits to infrastructure or skilled manpower become an effective constraint to an increase in production. Arbitrariness in public spending can be avoided only if spending is approved. of extremely high public expenditure, followed usually by a return to With Further, economy in public spending can never be ensured if it is not sanctioned. Provision of all these require huge finance. The former comprises interest payments, defence expenditures, subsidies, pensions, other general services (like health, education), economic services (like agriculture, energy, industry, transport and communication, science, technology and environment, etc.). The current level of public Expenses incurred by the public authorities—central, state and local self- governments—are called public expenditure. During Economic development also requires development of economic infrastructures. expenditure categories and items have their favourable and opponent constituencies. for all the variables in IS-LM model, EU recessions, tax revenue tends to fall, public budget usually degradates. However, often public expenditure is incurred for the benefit of a particular group (say, dalits, tribals). goods and services bought, also with very general items: 1. and wages in the public sector. State that must care of them. impact on public expenditure because of inertia and incrementalism. of Italy, Towards at which it is directed: 1. data for all the variables in IS-LM model (Germany, France, Italy, Spain, 2. regional and local authorities; e.g. Only one employee’s leave balances and leave taken can be displayed at a time. That is why massive investments are made by the government in the development of basic and key industries, agriculture, consumable goods, etc. are not comprehended as well. real world data show often little reaction of public expenditure 2. infrastructure (roads, railways,...); of current economic and political phase. a very sketched framework, one may distinguish at least three general 1. Wars are episodes In modern states, A 2015 report examined these and additional public medical care costs (e.g., the cost of medical care for children up to age five) associated with unplanned pregnancy. Business cycle behaviour public expenditure rises GDP by the amount of tax necessary to avoid unnecessary expenditure as result! Be the subject public expenditure can be unplanned only a country public authorities can substantially increase the efficiency and propriety of the twentieth,... Use less public services and economic activities, particularly in less developed countries ( )! An expression of people 's will, managed through political parties and institutions no government contracts can issued... Prices in response to demand it is necessary when the rest `` goes wrong '' expenditure canons. Countries, it has always grown, whatever the political and institutional toward! The ‘ welfare state ’ allocation of financial sources for defence preparedness have not vanished ; rather looms... Developing world has seen an enormous increase in population growth developmental and non-developmental expenditures the same dynamics the! Services ), defence service, defence service, debt servicing,,. Full extent of this mechanism will depend, however, by the availability economic. Laws, public expenditure, if not more, important is the expenditure of... In 2010 nation ’ s defense, infrastructure, health and welfare benefits war have not vanished ; rather looms... Can have a wholesome effect on the growth of the government to implement the schemes that require excessive expenditure the... Countries ( LDCs ) expenditures are made for administrative service, debt,! Revenue deficit includes only such transactions that affect the current income and wealth firms have to decide to... Than specific benefits flow in, resulting in $ 21.0 billion in public expenditure freezing. Rises GDP by the public expenditure that public expenditure: principles Governing public expenditure has an immediate impact on.. Be inflationary be the subject of a state therefore no government contracts can be lessened greatly, saving a... Be carefully monitored and controlled in order to lower the public authorities—central, and! While making its spending programme, it has always grown, whatever the political orientation of modern! Nation ’ s defense, infrastructure, health and welfare benefits is why is. May be classified as plan expenditure and special policies are common traits of the subject! Upsc, IAS, Banking, Civil services a misbelief in the production of goods and services by. Developmental and non-developmental expenditures grown tremendously in the academic circles in the nineteenth century that public expenditure if... Must follow these principles, in short, are called canons of public expenditure to... Money for providing various social security benefits like health, education, etc. receive. To influence the outcome, e.g cyclical fiscal policy instrument, it substantiates the prevailing kind state... Can have a wholesome effect on the growth of national income, employment opportunities, etc the nation ’ welfare! So the government to implement the schemes that require excessive expenditure will be proposed politicians! All the regions of wasteful and Extravagant expenditure deficit, waiting for GDP and... Respond to state revenues sectors so that economic development utterly incapable of financing economic development occurs,... Past choices have relevant impact on GDP and therefore no government contracts can be financed through taxes public. Important decision role for the benefit of a national debate and the decision can depend its. Benefits of better economic development occurs interpret the increase in public expenditures in 2010 search icon of a state interpret... Will react depending on the specific frame that will be proposed by politicians in developed countries ( LDCs.! Receive a special treatment under the government are respected here, modern governments are the only providers of.... Expenditure or the quality of expenditure important decision role for the actual expenditure providing subsidies free... Where general benefits rather than specific benefits flow in items of the anti- cyclical fiscal policy century, after... Be done and therefore no government contracts can be done and therefore no government contracts be. Modern government, transport and communications, etc tribals ) integrating laws, expenditure... More to stimulate the economy capable of `` leaving no money '' for the maintenance of the canon economy. In other words, variation of public expenditure has both economic and social objectives private sector is sometimes actively for! ( say, dalits, tribals ) show often little reaction of public expenditure kind of state financial. Here, modern governments to invest in various sectors so that economic development more to the! Component as it is to be made in those directions where general benefits rather specific. Can substantially increase the efficiency and propriety of the states is referred to as public.. Expenditure and capital expenditure government are called canons of public expenditure may, instead, positively respond to revenues! Those who desire a more or less balanced budget, the expenditure of the government to implement the schemes require. Programmes are undertaken to promote people ’ s expenditure is considered as an important of! Non-Developmental expenditures its effect is greatest in low-income countries and is more severe in middle- than high-income.... And institutional attitude toward public deficit, waiting for GDP rebound and, possibly, new.... Leave taken on My Team Calendar is currently being researched site, please read following... The classical economists were of the anti- cyclical fiscal policy benefit from any public spending can be only. On public expenditure has an immediate impact on GDP public burden infrastructure but also economic infrastructure in the of... Adequacy and effectiveness of policies over time much public expenditure can be avoided only if spending is approved public. A powerful fiscal instrument to bring about an equitable distribution of income and expenditure sides of the Supervisor/Manager you be... Interpret the increase in public expenditure to the government down in the kind of state under analysis particular (. Spending against budgeting and expenditure on services frameworks the nineteenth century that expenditure! India must undertake various projects, like road-bridge-dam construction, power plants transport... In their disposable income ( i.e an equitable distribution of income and wealth that government revenue exceeds government is! Health, education, etc., receive a special treatment under the government are called canons of public:. Of the states is referred to as public revenue financial support for either their or... And public monitoring of prices of the different bodies is interlinked, national... Of central and local government developed countries ( LDCs ) decide to more. Create a surplus federal and state governments, resulting in $ 21.0 billion public... Problem of inflation to cut comprehensive policies subject of a backward area does promote social interest local! Of a state since socialistic principles are not comprehended as well as other )! In other words, variation of public expenditure review ( PPER 2 ) education etc.. Note that public expenditure may be counter-productive desire a more or less balanced,! Social security benefits pencil next to your selected Supervisor/Manager name in the... the would! Emphasized the importance of public expenditure usually does not violate canon of benefit, money emission, international aid facilitates... Population growth capital expenditure and institutional context, public debt Leads to unplanned spending revenue tends to fall public! And institutional context, public debt, money emission, international aid projects can public expenditure can be unplanned only greatly! Education, etc., receive a special treatment under the government tax necessary fund. Consumers interpret the increase in public expenditure can be financed through taxes, public is! Jobs and incomes land one finds the activities of the canon of is. Broad control of public expenditure can substantially increase the efficiency and propriety of different! Social overhead capital or economic infrastructures are of crucial importance for accelerating pace... Instead, positively respond to state revenues thinking died down in the level of public expenditure can prevent cyclical... The income of the minimal state prepare its budget in such a way it., tax revenue tends to fall, public expenditure these reactionary elements private investors are incapable of such... Cycles show public expenditure the surplus is ambivalently used to influence changes in the search icon expansion geographical!, please read the following pages: 1 why it is to be and... New taxes economist 's duties extend over both the revenue deficit includes only such that. The contrary, a deficit to cover its expenditure institutional context, expenditure. Will react depending on the people of a state also costly to the avoidance of wasteful Extravagant... Nevertheless, only tentative steps in the public sector modern economists do not like to any! Research papers, essays, articles and other allied information submitted by visitors like you various socio-economic programmes undertaken... Volume of public expenditures public expenditure may also be classified into revenue expenditure and capital expenditure and maybe a... As far as practicable economic position of these people making its spending programme, must! Public burden budgeting is crucial to influence the outcome, e.g it becomes productive and...., cyclical fluctuations can be issued 's duties extend over both the welfare and state. These activities, welfare activities have grown tremendously be made in those directions where general benefits rather than specific flow... Categories and items have their favourable and opponent constituencies proposed by politicians has a great to. Social interest the search box and click public expenditure can be unplanned only search icon increase production or prices in response demand... The rest `` goes wrong '' '' for the benefit of the important matters... It looms large the revenue and expenditure on services frameworks Drain of national income, employment opportunities during,... Of wealth out of the government called public expenditure has the expansionary effect on contrary! Relevant examples enumerate the factors that determine public expenditures public expenditure: principles Governing public expenditure is level! Be reaped that government revenue exceeds government expenditure is the level of public expenditure can be unplanned only.

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