Public spending refers to the total expenditure by a government on various goods, services, and programs to meet the needs of its citizens. It encompasses funding for education, healthcare, infrastructure, defense, and social welfare programs.
Public spending is crucial for addressing societal challenges, reducing inequalities, and promoting economic development.
An example of public spending in the U.S. government is the allocation of funds for education. The government invests in public education through various programs and initiatives, including funding for K-12 schools, universities, and student financial aid.
