Government Spending

(redirected from Tax expenditures)

Government Spending

The payment of money by a government for some service it offers. A major example of government spending is payment of salaries for military personnel. Because government spending is financed by some combination of taxes and public debt, the level and recipients of government spending are usually matters of some controversy.
References in periodicals archive ?
This is applied to investors attempting to manage their tax expenditures by increasing investment attraction of the country.
Tax expenditures are, however, not the only route to elite capture.
And it is mulling drastic cuts in tax expenditures by removing exemptions and excessive tax credits from incomes tax, sales tax and federal excise duty laws and moving to a single tax regime by getting rid of special procedures and reduced rate taxation.
In 2017-18, the magnitude of tax expenditures was as high as 4.4pc of GDP, amounting to about Rs540 billion.
Tax expenditures are one of the state's primary fiscal tools for allocating private funds to preferred areas.
In terms of IPAs, the DOF-DFG report showed that the Philippine Economic Zone Authority (PEZA) accounted for the biggest portion of total investment tax expenditures amounting to P118.85 billion or 66.56 percent of the total in 2016.
The company reported profit before taxation at $184.5 million and tax expenditures of $4.4 million.
Under the proposed budget, the major allocations are P1.185 billion for personal services; P562.9 billion for maintenance expenditures; P752.7 billion for capital outlay; P640.6 billion allotment to local government units (LGUs); support to government-owned and controlled corporations (GOCCs), P187.1 billion; tax expenditures at P14.5 billion; and debt servicing, at P14.1 billion.
To assess the pros and cons of health subsidies, this article first presents an inconclusive debate on the theme and then goes on to discuss the magnitude of health-related tax expenditures in Brazil and their evolution between 2003 and 2015, focusing on tax breaks for individual and employer-sponsored health insurance plans.
The consequence of tax expenditures for the public authorities is the reduction of tax revenue, whereas for the taxpayers--the reduction of tax burdens (OECD, 2010, p.
The adjustment on the expenditure side should rely on more permanent and better targeted measures, such as parametric reform to the pension system, shifts to means-testing of social assistance programs and reductions in subsidies and tax expenditures. Detailed spending reviews could also create fiscal space for infrastructure and human capital investment."