very crucial role in generating economic progress globally since it happens to be a well connected factor that aids in stimulating the market demands for various industries .
Even , on proper scrutiny , it has been revealed that the roles and size of governments around the world have changed drastically over the years and as a result , it has also managed to augment the global public spending since 20th century in early-industrialized countries and is further expected to bolster the cumulative spending as the governments are foreseen to begin spending more resources on segments involving social protection , education and healthcare as the years roll by .
Geographically , the government expenditure in countries having high incomes has obviously been higher when compared to those countries with low incomes and it has been noticed that nowadays , the spending by government is influenced to a large extent by the private sector since they are relying much more on the ability of this sector to come up with innovative goods and services and at the same time , manage them efficiently . Thus , these public-private partnerships ( PPP ), in particular , have managed to become an increasingly popular mechanism for governments to finance , design , build and operate infrastructure projects lately and in the long run , these partnerships are envisioned to engender registration of massive revenues in many global industries by 2021 .
Not only this , even where the growth in government spending is discovered to be less such that it develops but at a decreasing rate year after year ; the economic scenario in such cases is all set to continue improvements in the coming years with adequate support from the government .
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