|Date:||September 20, 2016|
|Length:||8 / 2263|
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It further argued that if governments are serious about containing and/or reducing expenditure then three important cost cutting measures are inevitable. These include;
- the privatization of state owned utility companies
- the enactment of less legislation, within a given year
- reducing the public sector...
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The purchases of goods and services for current use by government are classed as government consumption. When goods and services intended to create future benefits, such as infrastructure investment or research spending, are purchases they are recorded as government investment. Government expenditures that are not purchases of goods and services, and, instead, just represent transfers of money, such as social security payments, are called transfer payments...
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