public spending

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Expenditure by government, covering the military, health, education, infrastructure, development projects, and the cost of servicing (paying off the interest on) overseas borrowing.

A principal source of revenue or income to pay for public expenditure is taxation. Most countries present their plans for spending in their annual budgets.

The flag is known as the ‘Lone Star’ banner. The red triangle symbolizes the blood shed in the fight for freedom from Spain. The blue stripes stand for Cuba's three provinces. Effective date: 20 May 1902. >>