Public expenditure (government spending)

The government’s financial outlays for the purchase of services, such as wages for civil servants, material goods, such as the construction of a school, and for transfer payments to private households and businesses (subsiedies; subsidies). Interest expenditures on government debt are also included in transfer payments for statistical purposes. – See expenditure restraint, public, primary deficit. – Current government expenditure is shown for the euro area in the annex “Euro area statistics” to the respective ECB Monthly Bulletin, chapter “Public finances.” Cf. ECB Monthly Bulletin of April 2009, pp. 101 ff. (government expenditure in the EU as a whole and its breakdown by area of responsibility; important distinctions, very many overviews; in the footnotes also references to literature), Deutsche Bundesbank Monthly Bulletin of September 2013, pp. 47 ff. (government interest expenditure in Germany; many overviews; p. 59: interest expenditure in EMU).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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