Government Expenditure

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

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

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

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