Vol. 2 No. 6 (2022): Government spending and Budget

					View Vol. 2 No. 6 (2022): Government spending and Budget

The government budgeting process involves two categories of spending: mandatory and discretionary. Spending that is subject to the appropriations process, in which Congress sets a new funding level each fiscal year (which starts on October 1st), is referred to as discretionary spending. All spending that does not occur through appropriations legislation is referred to as mandatory spending. Spending that is mandatory includes contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt. What impact do these expenditures have on people? This issue contains amongst other discussions on government spending, budget, and how it affects civilians.

Published: 2022-10-25