Budget Deficit: Difference between revisions
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=Government Budget= | |||
==Government Outlays== | |||
:*government purchases(G): expenditures on currently produced goods and services (government consumption) or capital goods (government investment). | |||
:*transfer payments(TR): payments made to individuals, which the government does not receive current goods or services. | |||
:::'''examples''': | |||
:::Social Security payments | |||
:::military and civil service pensions | |||
:::unemployment insurance | |||
:::welfare payments | |||
:::Medicare | |||
Revision as of 23:35, 3 May 2006
Government Budget
Government Outlays
- government purchases(G): expenditures on currently produced goods and services (government consumption) or capital goods (government investment).
- transfer payments(TR): payments made to individuals, which the government does not receive current goods or services.
- examples:
- Social Security payments
- military and civil service pensions
- unemployment insurance
- welfare payments
- Medicare
