Benefit Principle

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August 31, 2024 4 min read Definitions

Benefit Principle: Foundation of Equitable Public Expenditure

Economics Public Finance Benefit Principle Public Expenditure Taxation Public Goods Economic Policy

The Benefit Principle suggests that the cost of public expenditures should be met by those who benefit from them. It faces challenges in application, especially for non-excludable public goods and economically disadvantaged groups.

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