Mandatory spending

Part of a series on Government
Public finance
Policies Economic policy Fiscal policy · Monetary policy Trade policy · Investment policy Agricultural policy · Industrial policy Energy policy · Social policy Policy mix
Fiscal policy Tax policy · Budgetary policy Revenue · Spending · Budget Deficit or Surplus · Deficit spending Debt (External · Internal) Finance ministry · Fiscal union
Monetary policy Money supply · Interest rate Monetary base · Discount window Reserve requirements Bank reserves · Gold reserves Monetary authority (Central bank · Currency board) · Monetary union
Trade policy Tariff · Non-tariff barrier Balance of trade · Gains from trade Trade creation · Trade diversion Protectionism · Free trade Commerce ministry · Trade bloc
Revenue and Spending Tax revenue · Non-tax revenue Mandatory spending Discretionary spending
Optimum Balanced budget (Fiscal) Price stability (Monetary) Growth (Trade and Investment)
Reform Fiscal adjustment · Monetary reform
v · d · e

In economics, mandatory spending is spending on certain programs that is required by existing law.^[1]

In the United States, mandatory spending refers to budget authority and ensuing outlays provided in laws other than appropriations acts, including annually appropriated entitlements. For example, nearly three-fourths of USDA spending is classified as mandatory (or appropriated entitlement) spending, including the farm commodity price and income support programs, crop insurance, food stamps and child nutrition programs.^[2]

See also

• Discretionary spending
• Government spending

References

1. ^ Sullivan, Arthur; Steven M. Sheffrin (2003). Economics: Principles in action. Upper Saddle River, New Jersey: Pearson Prentice Hall. pp. 371. ISBN 0-13-063085-3. http://www.pearsonschool.com/index.cfm?locator=PSZ3R9&PMDbSiteId=2781&PMDbSolutionId=6724&PMDbCategoryId=&PMDbProgramId=12881&level=4. 
2. ^ CRS Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition - Order Code 97-905

This economic term article is a stub. You can help Wikipedia by expanding it.v · Categories: Economics terminology Fiscal policy Public economics Economic term stubs Wikimedia Foundation. 2010. Игры ⚽ Поможем решить контрольную работу Mandatory price reporting Mandau (disambiguation) Look at other dictionaries: Discretionary spending — Part of a series on Government Public finance File:Governmentbhj,i,gu Vedder Highsmith detail 1.jpeg …   Wikipedia Government spending — or government expenditure is classified by economists into three main types. [Robert Barro and Vittorio Grilli (1994), European Macroeconomics , Ch. 15 16. Macmillan, ISBN 0333577647.] Government purchases of goods and services for current use… …   Wikipedia Deficit spending — Part of a series on Government Public finance …   Wikipedia United States budget process — The process of creating the budget for the United States government is known as the budget process. The framework used by Congress to formulate the budget was established by the Budget and Accounting Act of 1921,[1] the Congressional Budget and… …   Wikipedia United States federal budget — The Budget of the United States Government is a federal document that the President submits to the U.S. Congress. The President s budget submission outlines funding recommendations for the next fiscal year, which begins on October 1st.… …   Wikipedia United States public debt — Part of a series of articles on Unit …   Wikipedia Military budget of the United States — Part of a series of articles on Unit …   Wikipedia PAYGO — is the practice in the United States of financing expenditures with funds that are currently available rather than borrowed. Contents 1 Budgeting 1.1 U.S. Congress 2 Social insurance 2.1 U.S. Social Secu …   Wikipedia Michele Bachmann — Member of the U.S. House of Representatives from Minnesota s …   Wikipedia Read my lips: no new taxes — Bush delivering the famous line at the 1988 convention Read my lips: no new taxes is a now famous phrase spoken by then presidential candidate George H. W. Bush at the 1988 Republican National Convention as he accepted the nomination on August 18 …   Wikipedia 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”