Government expenditure refers to the total amount of money that a government spends on various services and projects. This includes spending on public services such as education, healthcare, infrastructure, and defense. It is a crucial part of a country's economic policy, as it can influence overall economic growth and stability.
Governments typically fund their expenditures through taxation, borrowing, or revenue from state-owned enterprises. The level and type of government expenditure can vary significantly between countries and can be adjusted based on economic conditions, public needs, and political priorities. Effective management of government expenditure is essential for maintaining a balanced budget and promoting sustainable development.