Discretionary spending is what the President and Congress must decide to spend for the next fiscal year through annual appropriations bills. Examples include money for such programs as the FBI, the Coast Guard, housing, education, space exploration, highway construction, defense, and foreign aid.
Some examples of areas funded by discretionary spending are national defense, foreign aid, education and transportation.
Beside this, Is Medicare an example of discretionary spending?
Discretionary spending does not include expenses for Medicare, Medicare, TANF, and other mandatory programs. By law, these are fixed expenses of the government budget.
Likewise, What is considered discretionary spending?
Discretionary spending refers to non-essential items, such as recreation and entertainment, that consumers purchase when they have enough income left over after paying the necessary expenses such as the mortgage and utilities.
Also, What are two examples of discretionary spending?
Some examples of areas funded by discretionary spending are national defense, foreign aid, education and transportation.
What are 3 examples of discretionary spending?
Some examples of areas funded by discretionary spending are national defense, foreign aid, education and transportation.
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What is an example of discretionary spending quizlet?
Discretionary spending is what the President and Congress must decide to spend for the next fiscal year through annual appropriations bills. Examples include money for such programs as the FBI, the Coast Guard, housing, education, space exploration, highway construction, defense, and foreign aid.
What are examples of discretionary spending?
Non-defense discretionary spending includes a wide array of programs such as education, training, science, technology, housing, transportation, and foreign aid.
How is discretionary spending determined?
Discretionary spending is determined on an annual basis by Congress and the president through enactment of appropriations. As opposed to the “automatic” nature of mandatory spending, discretionary spending must be revisited each year.
What is considered discretionary spending in the federal budget?
Discretionary spending refers to the portion of the budget that is decided by Congress through the annual appropriations process each year. These spending levels are set each year by Congress. This pie chart shows how Congress allocated $1.11 trillion in discretionary spending in fiscal year 2015.
Is Medicare mandatory or discretionary spending?
Outlays for the nation’s three largest entitlement programs (Social Security, Medicare, and Medicaid) and for many smaller programs (unemployment compensation, retirement programs for federal employees, student loans, and deposit insurance, for example) are mandatory spending.
What is the difference between mandatory and discretionary spending quizlet?
What is the difference between mandatory spending and discretionary spending? Mandatory spending is spending that is required by current law and discretionary spending is spending that must be authorized by the government each year.
Is discretionary spending required by law?
Mandatory spending is required by law on specific programs. After those programs are paid for, the president and Congress may use the remaining money for discretionary spending on programs they choose. … It accounts for about 23 percent of all federal spending and is required by law, so it is mandatory.
What is discretionary spending in government?
Discretionary spending is spending that is subject to the appropriations process, whereby Congress sets a new funding level each fiscal year (which begins October 1st) for programs covered in an appropriations bill. … Mandatory spending accounts for about two-thirds of all federal spending.
What is the largest discretionary spending?
Pentagon
Which is an example of discretionary spending quizlet?
Discretionary spending is what the President and Congress must decide to spend for the next fiscal year through annual appropriations bills. Examples include money for such programs as the FBI, the Coast Guard, housing, education, space exploration, highway construction, defense, and foreign aid.
What is discretionary spending quizlet?
Discretionary spending is what the President and Congress must decide to spend for the next fiscal year through annual appropriations bills. Examples include money for such programs as the FBI, the Coast Guard, housing, education, space exploration, highway construction, defense, and foreign aid.
What is an example of a discretionary expense?
The term discretionary expense refers to a cost that a business or household can get by without, if necessary. … Meals at restaurants and entertainment costs are examples of discretionary expenses.
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