Mandatory spending
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In economics, mandatory spending is spending on certain programs that is required by existing law.[1]
In the United States, mandatory spending refers to budget authority and ensuing outlays provided in laws other than appropriations acts, including annually appropriated entitlements. For example, nearly three-fourths of USDA spending is classified as mandatory (or appropriated entitlement) spending, including the farm commodity price and income support programs, crop insurance, food stamps and child nutrition programs.[2]
[edit] See also
[edit] References
- ^ Sullivan, Arthur; Steven M. Sheffrin (2003). Economics: Principles in action. Upper Saddle River, New Jersey: Pearson Prentice Hall. pp. 371. ISBN 0-13-063085-3. http://www.pearsonschool.com/index.cfm?locator=PSZ3R9&PMDbSiteId=2781&PMDbSolutionId=6724&PMDbCategoryId=&PMDbProgramId=12881&level=4.
- ^ CRS Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition - Order Code 97-905
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