Budget Deficit: Difference between revisions
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:::Medicare | :::Medicare | ||
:*net intrest payments (INT): intrest paid to the holders of government bonds minus the intrest received by the government. (outstanding government loans) | :*net intrest payments (INT): intrest paid to the holders of government bonds minus the intrest received by the government. (outstanding government loans, which increase with higher rates of government borrowing) | ||
===Subsidies=== | |||
another minor category included in government outlays is ''subsidies less surpluses of government enterprises | |||
Revision as of 23:44, 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
- net intrest payments (INT): intrest paid to the holders of government bonds minus the intrest received by the government. (outstanding government loans, which increase with higher rates of government borrowing)
Subsidies
another minor category included in government outlays is subsidies less surpluses of government enterprises
