Question: What is the meaning of Defence expenditure?

Defense expenditure means all current and capital expenditure on the armed forces, including peace keeping forces of defense ministries and other government agencies engaged in defense projects, paramilitary forces when judged to be trained, equipped and available for military operations.

What is Defence budget used for?

It covers the cost of military operations such as training and planning, maintenance of equipment, and most of the military healthcare system (separate from outlays made by the Department of Veterans Affairs).

What is civil expenditure?

Revenue expenditure is a current or consumption expenditure incurred on civil administration (i.e., police, jails and judiciary), defence forces, public health and education. This revenue expenditure is of recurrent type which is incurred year after year. Transfer Payments and Expenditure on Goods and Services.

What are the determinants of Defence expenditure?

Thus the main determinants of military expenditure are economic, political, geographical and strategic factors among others. It is observed from the literature on military expenditure that all these determinants are not included in all the studies, some studies included only some factors and left the other factors.

What is capital expenditure in simple words?

Capital expenditures (CapEx) are funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technology, or equipment. Making capital expenditures on fixed assets can include repairing a roof, purchasing a piece of equipment, or building a new factory.

What is capital expenditure with example?

Capital expenditures are long-term investments, meaning the assets purchased have a useful life of one year or more. Types of capital expenditures can include purchases of property, equipment, land, computers, furniture, and software.

Is military spending good for the economy?

Military spending affects economic growth through many channels. When aggregate demand is lower relative to prospective supply, rises in military spending tend to enlarge capacity utilization, raise profits, and consequently, enhance investment and aggregate output (Faini et al., 1984).

What are the major determinants of army?

Determinants of military expenditure are of four broad types: security-related; technological; economic and industrial; and more broadly political.

The research results demonstrate that the resource curse derived from the abundance of natural resources, particularly oil and forest, increases military spending, while the rent from coal and natural gas has a negative impact on military spending, and the rent from minerals has no impact on military spending, ...

What are the top 3 federal expenditures?

Mandatory and Discretionary Spending The U.S. Treasury divides all federal spending into three groups: mandatory spending, discretionary spending and interest on debt.

Which of these is the capital expenditure?

Capital expenditures are long-term investments, meaning the assets purchased have a useful life of one year or more. Types of capital expenditures can include purchases of property, equipment, land, computers, furniture, and software.

What do u mean by capital expenditure?

Capital expenditures (CapEx) are funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technology, or equipment. This type of financial outlay is made by companies to increase the scope of their operations or add some economic benefit to the operation.

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