Public expenditure refers to the spending made by the government on goods and services for the benefit of the public. This includes funding for essential services such as education, healthcare, infrastructure, and social welfare programs. The goal of public expenditure is to improve the quality of life for citizens and promote economic stability. Governments typically finance public expenditure through taxation and borrowing. Effective management of public expenditure is crucial for ensuring that resources are allocated efficiently and that public services meet the needs of the population. Oversight and accountability are important to prevent waste and misuse of funds.