Best answer

The government spends money on:Social Security, Medicare, and other mandatory spending required by law.Interest on the debt--the total the government owes on all past borrowing.Discretionary spending, the amount Congress sets annually for all other programs and agencies.Mar 31, 2021

Answered by: Sam Firke Date created: May 14, 2022

What is the government spending money on 2019?

Asked By: Pete Date created: May 13, 2022

How Congress Really Spends Your Money. Current U.S. government spending is $4.746 trillion. That's the federal budget for fiscal year 2020 covering October 1, 2019, to September 30, 2020. It's 21% of gross domestic product according to the Office of Management and Budget Report for FY 2020.

Answered By: Pascal Date created: May 15, 2022

What state spends the most money on education?

Asked By: Jalasem Date created: May 11, 2022

New York spends the most -- $8,712 per student -- followed by Connecticut and New Jersey.

Answered By: dmckee --- ex-moderator kitten Date created: May 13, 2022

Where does government get money for public facilities?

Asked By: sith Date created: Apr 30, 2022

The main source of income or revenue for the government is through taxes. These taxes are collected from the people, and the government is empowered to collect taxes and use them for government initiatives and programmes or for providing various public facilities.

Answered By: Unnie Date created: May 02, 2022

Where does the government get money for public facilities?

Asked By: Ryszard Czech Date created: May 04, 2022

The main source of income or revenue for the government is through taxes. These taxes are collected from the people, and the government is empowered to collect taxes and use them for government initiatives and programmes or for providing various public facilities.

Answered By: Zeitounator Date created: May 05, 2022

Why would the government spend more money during a financial recession?

Asked By: Esqarrouth Date created: May 11, 2022

Fiscal policy uses the government's power to spend and tax. When the country is in a recession, the government will increase spending, reduce taxes, or do both to expand the economy. ... When the government takes in more money in a given year (through taxes) than it spends, the result is a surplus.

Answered By: Ginikai Date created: May 14, 2022

How does the government make money besides taxes?

Asked By: svnm Date created: Apr 28, 2022

The chief way the government gets the money it spends is through taxation.

Figure 1 shows the relative sizes of sources of federal government tax revenues.

Forty-five percent of federal tax revenue comes from individuals' personal income taxes.

Answered By: Ajax1234 Date created: May 01, 2022

How much money does the US spend on welfare?

Asked By: tjebo Date created: Apr 29, 2022

It shows up in this recent report from the Cato Institute, which argues that the federal government spends $668 billion dollars per year on 126 different welfare programs (spending by the state and local governments push that figure up to $1 trillion per year).

Answered By: jldupont Date created: May 01, 2022

How can supply of money be controlled?

Asked By: PeeHaa Date created: May 09, 2022

The main way central banks control money supply is buying and selling government debt in the form of short term government bonds. Economists call this 'open market operations', because the central bank is selling bonds on the open market. Central banks usually own a big portion of their county's debt.

Answered By: eshirvana Date created: May 10, 2022

Where does the government get money for public facilities class 8?

Asked By: Jérôme Richard Date created: Apr 28, 2022

Where does the government get money for the public facilities? Ans. The main source of revenue for the government is the taxes collected from the people, and the government is empowered to collect these taxes and use them for such programmes.

Answered By: Brian Goetz Date created: Apr 29, 2022

Where does the stimulus money come from Reddit?

Asked By: johnchase Date created: May 10, 2022

It's money that's borrowed. The treasury auctions off U.S. government debt (treasury bills) to the lowest bidder. People/organizations/banks etc loan the U.S. government money, and the U.S. government spends it on stuff, such as this stimulus package.

Answered By: Don Kirkby Date created: May 11, 2022

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