Definition of Government expenditure
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Government expenditure Definition from Business & Finance Dictionaries & Glossaries
European Central Bank Glossary
The set of non-financial transactions defined in the ESA 95 as decreasing general government net lending or increasing general government net borrowing, i.e. transactions that decrease the general government sector’s net worth.Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
Government expenditure Definition from Encyclopedia Dictionaries & Glossaries
English Wikipedia - The Free Encyclopedia
Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure. Government acquisition of goods and services intended to create future benefits, such as infrastructure investment or research spending, is classed as government investment (government gross capital formation). These two types of government spending, on final consumption and on gross capital formation, together constitute one of the major components of gross domestic product.
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