Archive | Public Expenditure

Growth of Public Expenditure: 16 Factors

This article throws light upon the sixteen main factors responsible for the growth of public expenditure. Some of the factors are: 1. The New Concept of Welfare State 2. War and National Defence 3. Population Growth 4. Growth of Democratic Institutions 5. Provision of Economic Over Head 6. The Problem of Urbanization 7. Rising Trend […]

Public Expenditure: Meaning, Classification and Effects

After reading this article you will learn about:- 1. Meaning and Scope of Public Expen­diture 2. Classification of Public Expenditure 3. Effects. Meaning and Scope of Public Expen­diture: Till the middle of the nineteenth century, the writers of Public Fi­nance gave comparatively little attention to the subject of public expenditure. In earlier days, the growth […]

Analysis of Public Expenditure Growth: 3 Theories

This article throws light upon the top three theories for the analysis of public expenditure growth. The theories are: Theory # 1. Wagner’s Hypothesis: Adolf Wagner a noted German political economist (1835-1917) pro­pounded an empirical law to analyses and explains the trend in the growth of public expenditure. Wagner argued that a functional, cause and […]

8 Main Canons of Public Expenditure

This article throws light upon the eight main canons of public expenditure. The canons are: 1. Canon of Benefit 2. Canon of Economy 3. Canon of Sanction 4. Canon of Surplus 5. Canon of Elasticity 6. Canon of Neutrality 7. Canon of Productivity 8. Canon of Equitable Distribution. 1. Canon of Benefit: According to Prof. […]

Cost Benefit Analysis (CBA): Meaning, Postulates and Limitations

After reading this article you will learn about:- 1. Meaning of Cost Benefit Analysis 2. Fundamentals of Cost-Benefit Analysis 3. Basic Postulates 4. Limitations. Meaning of Cost Benefit Analysis: In general parlance, cost benefit analysis (CBA) refers to changes in the allocation of resources brought about by a project. In this the investor looks at […]

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