Public spending refers to the money that governments use to provide services and infrastructure for their citizens. This includes funding for areas such as education, healthcare, transportation, and public safety. The goal of public spending is to improve the quality of life for the population and support economic growth.
Governments typically collect revenue through taxes, which is then allocated to various programs and projects. Effective public spending can lead to better public services and a stronger economy, while inefficient spending may result in waste and unmet needs. Balancing public spending is crucial for maintaining fiscal health and ensuring sustainable development.