Public spending refers to the expenditure 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. Public spending is financed primarily through taxation and is crucial for maintaining and improving the quality of life in a society. Governments allocate public spending to stimulate economic growth, reduce inequality, and provide a safety net for citizens. Effective public spending can lead to better job opportunities, improved public services, and overall economic stability. However, it is essential for governments to manage this spending wisely to avoid excessive debt.