In effect, it only includes amounts paid to beneficiaries or object. By incurring such expenditure, the government does not get anything in return, but it adds to the welfare of the people, especially belong to the weaker sections of the society. We’ll occasionally send you promo and account related emails. Consequently, the variations in international crude process affect the WPI more than CPI. An economic classification, or classification by type of expenditure, is used for day-to-day administration. Cross Classification or Economic-cum-functional Classification: Cross classification provides the break-up of government expenditure both by economic and by functional heads. Its Features and Advantages, Recurring Deposit Account In Bank - Meaning and Features, What is a Cheque ? This kind of classification provides a clear idea about how the public funds are spent. The eight five year plan (1992-97) commenced the era of fiscal reform and liberalization.
recorded as a current operation expenditure of the functionbenefitedd.
took a boost. Accounting Classification: Accounting classification of the government expenditure can be presented under (i) Revenue and Capital (ii) Developmental and Non-Developmental and (iii) Plan and Non-Plan. Unproductive expenditures are termed as non development expenditures. From this analysis of the pre-and post-liberalization periods, we can see that there is an upward trend in public expenditure. The functional classification covers only the expenditure and not the receipts.
recorded as a current operation expenditure of the functionbenefitedd.
took a boost. Accounting Classification: Accounting classification of the government expenditure can be presented under (i) Revenue and Capital (ii) Developmental and Non-Developmental and (iii) Plan and Non-Plan. Unproductive expenditures are termed as non development expenditures. From this analysis of the pre-and post-liberalization periods, we can see that there is an upward trend in public expenditure. The functional classification covers only the expenditure and not the receipts.
recorded as a current operation expenditure of the functionbenefitedd.
took a boost. Accounting Classification: Accounting classification of the government expenditure can be presented under (i) Revenue and Capital (ii) Developmental and Non-Developmental and (iii) Plan and Non-Plan. Unproductive expenditures are termed as non development expenditures. From this analysis of the pre-and post-liberalization periods, we can see that there is an upward trend in public expenditure. The functional classification covers only the expenditure and not the receipts.
The cross classification of expenditure which is a mix of both the functional and economic classification, helps in determining the expenditure incurred on consumption and non-consumption of goods and services. The government performs various functions like defence, social welfare, agriculture, infrastructure and industrial development. Meaning and Classification, What is Finance?
character and object. payment). (reported as general expenditure), except where the government maintains day-to-day category ("K" codes), therefore, becomes a subcategory under this one in all subsequent It consists of the following In the sixth and seventh lands however the allocation reduced. In effect, it only includes amounts paid to beneficiaries or object. By incurring such expenditure, the government does not get anything in return, but it adds to the welfare of the people, especially belong to the weaker sections of the society. We’ll occasionally send you promo and account related emails. Consequently, the variations in international crude process affect the WPI more than CPI. An economic classification, or classification by type of expenditure, is used for day-to-day administration. Cross Classification or Economic-cum-functional Classification: Cross classification provides the break-up of government expenditure both by economic and by functional heads. Its Features and Advantages, Recurring Deposit Account In Bank - Meaning and Features, What is a Cheque ? This kind of classification provides a clear idea about how the public funds are spent. The eight five year plan (1992-97) commenced the era of fiscal reform and liberalization.
recorded as a current operation expenditure of the functionbenefitedd.
took a boost. Accounting Classification: Accounting classification of the government expenditure can be presented under (i) Revenue and Capital (ii) Developmental and Non-Developmental and (iii) Plan and Non-Plan. Unproductive expenditures are termed as non development expenditures. From this analysis of the pre-and post-liberalization periods, we can see that there is an upward trend in public expenditure. The functional classification covers only the expenditure and not the receipts.
Note that how an expenditure is financed does not determine necessarily its expenditure classification--e.g., administration of an insurance trust system from insurance trust revenue is treated as a general government expenditure.