What are non development expenditures examples?
What are non development expenditures examples?
(ii) Non Developmental Expenditure Cost of tax collection, cost of audit, printing of notes, internal law and order, expenditure on defence etc. are treated as non-developmental expenditure. Pension to retired govt. employees, non-developmental assistance to states are also included in this category.
What are the challenges faced by the economy of Pakistan?
There is almost a consensus that the major economic challenges facing Pakistan are rising poverty and unemployment, heavy external and domestic indebtedness, high fiscal deficit and low investment.
What are the greatest challenges that Pakistan faces in terms of the future of its import economy?
Pakistan’s economy is facing a three-pronged challenge: internationally, it is facing soaring prices of essential commodities such as oil, gas, wheat, and sugar and unusually high shipping charges on its foreign trade; regionally, it is grappling with the economic and financial fallout of an extremely volatile …
What is the situation of development in Pakistan?
Pakistan has experienced a growth rate in GDP of over 5 percent and in per capita income of about 2 percent per year over the past fifty years since its independence.
What is a non-development expenditure?
(ii) Non Developmental Expenditure. It refers to those expenditure of the government which does not directly help in economic development of the country. Cost of tax collection, cost of audit, printing of notes, internal law and order, expenditure on defence etc. are treated as non-developmental expenditure.
What are non-development activities?
Non-development activities are those which include welfare, evangelism, missionary and political components. Definitions of these terms are listed below. Development activities are those which include the principles of participation, equity and non-discrimination, accountability and sustainability.
What are the economic obstacles in the way of development in Pakistan elaborate all the economic oriented obstacles?
There is scarcity of capital and foreign exchange in Pakistan. Lack of capital and foreign exchange are a big hurdle in way of economic development. Per capita income is very low i.e., $ 1095. Low level of per capita income results in low saving and low investment.
What are current developments in the Pakistan economy?
ISLAMABAD, PAKISTAN (22 September 2021) — Pakistan’s economic growth rebounded to 3.9% in fiscal year (FY) 2021 (ending 30 June 2021) and is expected to reach 4.0% in FY2022 as business activity gradually resumes in the second year of the coronavirus disease (COVID-19) pandemic, the Asian Development Bank (ADB) said in …
What is non-development?
Definition of nondevelopment 1a : a lack or absence of development nondevelopment of symptoms. b : a failure to grow or develop normally. 2 : activities or purposes other than development land designated for nondevelopment.