Public expenditure

Définitions

Dernière mise à jour le :01/06/2021

Définition

Public expenditure is expenditure made by the State, social security administrations, local authorities and the administrations and bodies attached to them.

They can be classified into three main categories:

- operating expenses, which are used to ensure the smooth running of public services (current staff and maintenance costs, purchase of supplies, etc.);

- redistribution expenditure: cash benefits paid to households (e.g. retirement pensions, family allowances, minimum social benefits, etc.), subsidies paid to companies and households, etc;

- investment expenditure, which aims to renew or increase public productive capital (e.g. research and development expenditure, arms purchases, construction of buildings and infrastructure, etc.).