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Public Expenditure — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsPublic Expenditure2 Marks
Question
What is revenue expenditure? Give two examples.
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Answer

Any expenditure by the Government that neither creates an asset nor reduces a liability is known as revenue expenditure.
Examples :
(i) Interest payments on loans
(ii) Expenditure on Defence

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