Economics · Public Finance
What does revenue expenditure refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Money spent on the construction of long-term infrastructure like roads
- 2Money spent on purchasing new capital assets
- 3Money spent on the repayment of past debts
- 4Money spent on the day-to-day operations of government departments and services✓
Correct answer
Money spent on the day-to-day operations of government departments and services
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