What is public spending? »Its Definition and Meaning [2019]

It is the set of expenses carried out by a public sector, which needs to provide a series of goods that help the good development of the work they propose.The officials need to work correctly, an environment stable and well equipped work, in addition to a constant salary; for this, different budgets are approved to help subsidize the constant service by certain citizens and their satisfaction.The main function of the public sector is to help improve the economy and the quality of life of the inhabitants of the nation, so it also represents, in the background, the solution if imbalances occur in other areas.

The government , in addition to To take care of the expenses of the public entities, it also has responsibilities with the economy in general and the payment of pensions to the elderly.Added to these, you also have to support the productive sector of the country, the which is also related to the economy; the acquisition of raw material and the production of articles in general.However, there are some laws that regulate the spending of money , through different filters that decide to approve it .

There are three specific areas in which money is invested.The first one is social development, which includes the eradication of poverty, the provision of housing for the inhabitants of the nation , street care, improvement of the health sector and Social Assistance .Economic development, meanwhile, seeks to create infrastructure, provide energy, adequate networks for the communication and transport .