Distinguish between the following concept:
Developmental expenditure and Non-developmental expenditure.
|Developmental expenditure||Non-developmental expenditure|
|1)||The expenditure which results in the generation of employment, increase in production, price stability, etc. is known as a developmental expenditure.||The expenditure which does not yield any direct productive impact on the country is called non-developmental expenditure.|
|2)||It is productive in nature.||It is unproductive in nature.|
|3)||E.g.: expenditure on health, education, industrial development, social welfare, research, and development, etc.||E.g.: administration costs, war expenditure, etc.|
Concept: Structure of Public Finance - Public Expenditure
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