The primary objective of government expenditure is to achieve social welfare by providing goods and services that benefit the entire society.

Taxation is not a type of government expenditure, but rather a source of revenue for the government.

Fiscal expansion refers to the increase in government expenditure over time, typically undertaken to stimulate economic growth or address economic downturns.

Fiscal contraction refers to the decrease in government expenditure over time, typically undertaken to reduce budget deficits or control inflation.

Tax refunds are not a type of government transfer payment, but rather a return of excess taxes paid by individuals or businesses.

Budget deficit refers to the situation where government expenditure exceeds government revenue, resulting in a negative fiscal balance.

Budget surplus refers to the situation where government revenue exceeds government expenditure, resulting in a positive fiscal balance.

Transfer payments are not a type of government consumption expenditure, but rather a type of government transfer payment.

Transfer payments are not a type of government investment expenditure, but rather a type of government transfer payment.

Public debt refers to the government's borrowing to finance its expenditure, typically through the issuance of bonds or other debt instruments.

Debt servicing refers to the government's repayment of its debt, including interest payments and principal repayments.

Export multiplier is not a type of government expenditure multiplier, but rather a type of trade multiplier.

Automatic stabilizers refer to the increase in government expenditure due to an increase in tax revenue, which helps to stabilize the economy during economic downturns.

Fiscal drag refers to the decrease in government expenditure due to a decrease in tax revenue, which can hinder economic growth during economic downturns.

Monetary policy is not a type of government expenditure policy, but rather a type of central bank policy.