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The term "Capital Expenditure" refers to spending on:

ADay-to-day operational costs of government departments

BShort-term welfare programs for citizens

CInterest payments on government debt

DCreation of long-term assets like roads and hospitals

Answer:

D. Creation of long-term assets like roads and hospitals

Read Explanation:

  • Capital expenditure is money spent by the government on creating assets or reducing liabilities, such as building infrastructure or repaying loans.


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