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Federal Spending and Average Annual Growth Rates for the Federal Government’s Major Mandatory Spending Programs that are Primarily Means-TestedS. 298, North Korea Nonproliferation and Accountability Act of 2013cost estimate
As reported by the Senate Committee on Foreign Relations on February 14, 2013      Federal Grants to State and Local Governmentsreport
In fiscal year 2011, the federal government provided $607 billion in grants to state and local governments. Those funds accounted for 17 percent of federal outlays, 4 percent of gross domestic product (GDP), and a quarter of spending by state and local governments that year. Over the past 30 years, those “intergovernmental” grants—financial transfers from the federal government that support a wide range of state and local programs—have fluctuated as a share of federal outlays (see figure below). Presentation to the National Association for Business Economicsblog post
I was pleased to have an opportunity to speak this morning to the National Association for Business Economics about the budget outlook. |
