The main objectives of public expenditure does NOT include?
Answer Details
The main objective of public expenditure does NOT include revenue sharing and profit maximization. Public expenditure refers to the spending of government revenue on various public goods and services that benefit society. The primary objectives of public expenditure are to stabilize the national economy, achieve a more equitable income distribution, and meet the social needs of the people. Stabilization of the national economy involves using public expenditure to stabilize economic growth and prevent recessions or inflation. Achieving a more equitable income distribution involves using public expenditure to reduce income inequality and provide equal access to public goods and services for all citizens. Meeting the social needs of the people involves using public expenditure to provide public goods and services, such as education, healthcare, and infrastructure, that benefit society as a whole. Revenue sharing and profit maximization are not objectives of public expenditure because they are related to the private sector and not the government. So, the option that best represents a main objective of public expenditure that is not included is "Revenue sharing and profit maximization."