Government Spending

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Government Spending

The payment of money by a government for some service it offers. A major example of government spending is payment of salaries for military personnel. Because government spending is financed by some combination of taxes and public debt, the level and recipients of government spending are usually matters of some controversy.
References in periodicals archive ?
Fiscal consolidation measures will require reforms to the pension system, tax expenditures, and subsidies.
States and cities spend an estimated $70 billion a year for economic development, most of it through tax expenditures.
The speakers also recommended to rationalize tax expenditures and enhance greater public investment, especially in power generation and distribution, gas supply, roads etc, for small enterprises.
one of several problems with tax expenditures is that they are a
Tax abatements, as the GASB uses the term, is intended to describe a subcategory of tax expenditures identifiable by: 1) the purpose of the arrangement; 2) the type of revenue reduced; and 3) the existence of an agreement.
As Sven Steinmo noted, (3) tax policy experts, including many on the left, concluded that tax expenditures as actually institutionalized were often simply "giveaways to the rich and powerful.
As part of this approach, he includes greater coverage of such topics as transfer and payroll taxation, enforcement issues, and tax expenditures than is typical.
704-1(b)(4)(viii) generally requires creditable foreign tax expenditures to be allocated among the partners in the same proportion as the distributive share of partnership income (as determined for U.
The Corporate Tax Expenditures report said that of the $181 billion in estimated corporate tax revenue losses, 81% was concentrated in the international affairs and housing and commerce budget functions, exceeding their federal outlays.
5 million the Cultural Tax Credit cost in tax expenditures in 2011.
It is indisputable that the federal government uses tax expenditures to promote certain activity among targeted groups of people.
As it turns out, eliminating all tax expenditures would allow Congress to reduce the top rate to 23 percent while setting aside substantial revenue for deficit reduction.