Mandatory spending
Encyclopedia
In economics
, mandatory spending is spending on certain programs that is required by existing law.
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.
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, mandatory spending is spending on certain programs that is required by existing law.
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.