What Is Meant By Government Spending, Government Revenue, Government Expenditure?
Government spending includes all the investments, ventures and operational costs that it incurs while running a country’s administration. They preclude all the costs that those activities require. Government revenue is the money generated through taxes, foreign exchange through exports and any other profits generated that a government earns through joint ventures. They make up all the earnings of the government essentially and finally government expenditure is the subset of government spending in that it includes only the costs incurred in running an administration, the difference between spending and revenue gives either the profits or deficits of a government.
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