Distinguish between the following categories of government expenditures. a) Recurrent expenditure b) Capital expenditure

      

Distinguish between the following categories of government expenditures.
a) Recurrent expenditure
b) Capital expenditure

  

Answers


sharon
i) Recurrent expenditure –refers to regular expenses incurred by the government in the provision of goods and services e.g. salaries, fueling gov‘t vehicles, servicing public debt etc.
ii) Capital expenditure—refers to government spending that goes into financing specific projects such as construction of roads, railway lines, airports etc.
sharon kalunda answered the question on September 2, 2019 at 10:45


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