Social Sector Expenditure EXPLAINED | How Governments Spend for Welfare | Public Finance Masterclass

Описание: Why do some countries spend over 30% of their GDP on social programs—while others spend under 7%?

(Inspired from my lecture at National Academy of Direct Taxes, Nagpur)

How did COVID-19 rewrite global public spending patterns?
And what role does tax policy play in shaping the future of human welfare?

This podcast dives deep into the mechanics, trends, and global comparisons of social sector expenditure, covering:

🧾 What is Social Sector Expenditure?
From direct spending on health and education to hidden support via tax exemptions and deductions—understand the full scope of how governments support society.

🌍 Global Models Compared:
🔹 France vs. USA vs. India
🔹 Nordic vs. Anglo-Saxon vs. Emerging Economies
🔹 Who spends more? Who spends smarter?

🦠 Post-COVID Paradigm Shift:
The pandemic pushed OECD nations’ spending from 20% to 23% of GDP overnight. Learn how governments responded—and why these changes are here to stay.

💰 Revenue Challenge:
Can developing countries like India sustain welfare programs with limited fiscal space?
Why tax systems need to evolve to support long-term social safety nets.

🚦 Future of Social Spending:
AI in welfare delivery, green taxes, social impact bonds, and what India can learn from international best practices.

📢 Who Should Watch This:
✓ Policy professionals
✓ Tax officials
✓ Economists & development experts
✓ UPSC aspirants
✓ Anyone curious about how the government spends YOUR money

📈 Featured Stats
✅ OECD average social spending: 21% of GDP
✅ France: Highest at 31.6%
✅ India: Just 7%, yet growing rapidly
✅ Tax expenditures alone: 2–4% of GDP in many countries!

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💬 Drop your thoughts in the comments: Should India increase its social sector spending? If yes, how should it fund it?

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