The correct answer is: d) All of the above.
Odisha’s public expenditure policy is aimed at achieving economic growth, social welfare, and debt reduction.
Economic growth is important for improving the standard of living of the people of Odisha. It can be achieved by investing in infrastructure, education, and healthcare.
Social welfare is important for ensuring that all people in Odisha have access to basic necessities such as food, water, and shelter. It can be achieved by providing social security benefits, such as pensions and unemployment benefits.
Debt reduction is important for ensuring that Odisha is able to meet its financial obligations. It can be achieved by cutting back on spending and increasing revenue.
All of these objectives are important for the development of Odisha. The government of Odisha is committed to achieving all of these objectives through its public expenditure policy.
Here is a brief explanation of each option:
- Economic growth: Economic growth is the increase in the amount of goods and services produced by an economy over time. It is measured by the gross domestic product (GDP), which is the total value of all goods and services produced in a country in a year. Economic growth is important for improving the standard of living of the people of Odisha. It can be achieved by investing in infrastructure, education, and healthcare.
- Social welfare: Social welfare is the state of well-being of the people in a society. It is concerned with the provision of basic necessities such as food, water, shelter, education, and healthcare to the people. Social welfare is important for ensuring that all people in Odisha have access to these basic necessities. It can be achieved by providing social security benefits, such as pensions and unemployment benefits.
- Debt reduction: Debt reduction is the process of reducing the amount of debt owed by a country. It is important for ensuring that a country is able to meet its financial obligations. Debt reduction can be achieved by cutting back on spending and increasing revenue.