AGGREGATE expenditure is the total amount spent of the economy’s output by all households, firms, foreigners as well as the government. The components of aggregate expenditure consist of household ...

Before considering how the expenditure side of the government's budget is planned, prepared, and executed, it is necessary first to clarify the coverage and sources of data on public spending. This ...

In all economies, an efficient and sustainable reduction in the fiscal deficit requires a sound mix of revenue and expenditure policies. A government facing the need to reduce speedily the fiscal ...