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It further argued that if governments are serious about containing and/or reducing expenditure then three important cost cutting measures are inevitable. These include;
- the privatization of state owned utility companies
- the enactment of less legislation, within a given year
- reducing the public sector.
In this paper, I will seek to discuss the argument on how government expenditure can be checked.
Government spending or government expenditure is classified by economists into three main types (Barro & Grilli, 1994). The purchases of goods and services for current use by government are classed as government consumption...
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