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    Expenditures and Expenses

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    What characteristics of expenditures distinguish them from expenses in the financial accounting sense?

    (Answer provided in approximately 100 words.)

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    In public budgeting, expenditure is the money the government spends. It includes all government consumption except transfer payments. The government acquisition of goods and services for current use or for the satisfaction of the collective needs of society is included in expenditure. Expenditure happens on ...

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    The response provides you a structured explanation of Expenditures and Expenses. It also gives you the relevant references.