What is Welfare Spending?
Welfare spending refers to government expenditure on social programs aimed at providing a safety net and improving the well-being of citizens. This includes spending on healthcare, education, social security, unemployment benefits, and other social services.
Historical Background
The concept of welfare spending gained prominence in the 20th century with the rise of welfare states in Europe and elsewhere. In India, welfare spending has been a key component of government policy since independence, with a focus on poverty reduction, social justice, and inclusive growth.