India has adopted economic planning as a strategy for economic development. For stepping up the rate of economic development five-year plans have been formulated.
Tag Archives | expenditure
Public expenditure whether plans or non-plan or capital or revenue can also be classified into developmental and non-developmental expenditure.
An expenditure which results in the creation of assets or reduction in liabilities is treated as capita/ expenditure. Expenditure incurred on construction buildings, roads, bridges etc. and buying land are the examples of capital expenditure.