What's it: Government discretionary spending is an item in government spending where the allocation is at the government's discretion and is implemented through an appropriation bill. The government decides what to spend in the next fiscal year
Government Expenditure
Government Capital Expenditures: Examples, Why It Matters
What's it: Government capital expenditure refers to spending to create long-term assets in the economy. An example is money spent on building infrastructures such as roads, railways, and ports. Unlike government current expenditures, they
Government Current Expenditure: Example, Calculation in GDP
What's it: Government current expenditures represent spending on day-to-day operations, including administrative activities and public services. An example is the expenditure of goods and services for the activities of government offices or to
Transfer Payments: Importance, Types, and Criticism
What's it: Transfer payments are payments by the government to the private sector without having to pay for the goods and services provided. These payments do not involve the goods and services exchanged and, therefore, are not counted
Government Expenditure: Components and Effects on the Economy
What's it: Government expenditure refers to the money the government spends on goods and services or other items. Examples are expenditures on operational activities and investments in public services such as defense, education, social
Autonomous Expenditure: Formula, Components, Determinants
What's it: Autonomous expenditure is unaffected by income level. In other words, they will still exist even if the income equals zero. Spending on items such as food and drink is an example. They are essential for meeting our basic needs. So, we