WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free

2008 WAEC Economics Theory (a) What is public recurrent expenditure? [5 marks]  (b) Give five reasons for the rapid...

Economics
WAEC 2008

(a) What is public recurrent expenditure? [5 marks] 
(b) Give five reasons for the rapid increase in government expenditure in your country. [15 marks] 

WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Explanation

(a) A public recurrent expenditure is government spending on items that recur or repeat themselves on yearly basis, e.g. salaries, wages, expenditures on repairs
and maintenance, etc. 

(b) The reasons for the rapid increase in government expenditure are: 
(i) increase in employment and high salary and wage bills have increased government expenditure. 
(ii) increase in price of commodities. 
(iii) increase in population has led to greater demand for social services 
(iv) huge resources are committed to the settlement of increasing internal and external debts. 
(v) need to develop faster has led to huge expenditure on capital projects such as dams, roads, other infrastructure etc. 
(vi) social disruptions such as wars, ethnic clashes, natural disasters etc have increased government expenditure 
(vii) change over of governments - government spend on elections, legislators and local governments, etc 
(viii) corruption e.g. over invoicing, inflation of contracts etc.


Report an Error Ask A Question Download App
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

Post your Contribution

Please don't post or ask to join a "Group" or "Whatsapp Group" as a comment. It will be deleted. To join or start a group, please click here

{{ quote.posted_by.display_name }}
{{ settings.form_textarea_description }}
 
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709