Budget documents categorize total expenditure into ____________.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. plan and non-plan expenditure.
Budget documents categorize total expenditure into plan and non-plan expenditure.
- Plan expenditure refers to spending that is allocated to specific projects and schemes as outlined in the country's Five-Year Plans or development programs. It aims at achieving growth and development objectives.
- Non-plan expenditure covers routine expenses that are necessary for the day-to-day functioning of the government, such as salaries, pensions, and interest payments. It is not associated with specific development projects.