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Budget Basics: What does the govt spend on? The politics and economy of expenditure

By Economic Times - 10 months ago
The budget will include both capital and revenue expenditures, impacting the economy and potentially favoring certain regions or social groups. Capital expenditure is crucial for economic growth, while welfare schemes can support consumption and boost sectors. However, the government may need to rein in capital expenditure due to the pandemic's impact on the fiscal deficit.

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