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refers to spending set by annual appropriation levels made by decision of Congress.

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16y ago

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Which of the following is an example of mandatory spending?

Mandatory spending example would be buying groceries. Anything that is a NEED and not a WANT is considered mandatory spending


What are the differences between entitlements mandatory spending and discretionary spending?

Mandatory spending is required by law and the other is not.


Most federal mandatory spending is spent on?

Most federal mandatory spending is spent on entitlements.


How does discretionary spending differ form mandatory spending?

mandatory spending refers to money that lawmakers are required by existing laws to spend on certain programs and discretionary spending is spending about which government planners can make choices


How is mandatory and discretionary spending similar?

Mandatory spending - Spending that the Government must spend. Discretionary spending - Spending category through which governments can spend through an appropriations act.


What is an example of mandatory spending?

Social Security


What is the fastest growing category of federal expenditures since 1980?

Federal spending by the government, is divided into three different categories. They are mandatory spending, discretionary spending and net interest. The fastest growing of those categories since 1980 is mandatory spending.


What percent of federal spending was mandatory in 2010?

55%


Does mandatory spending consume the largest chunk of the federal budget?

yes


What term refers to money already committed to spending because of previous legislation?

Uncontrollables


What are the mandatory spending programs?

Mandatory spending programs are government expenditures that are required by law, primarily including Social Security, Medicare, and Medicaid. These programs provide essential benefits to eligible individuals, such as retirement income, health care, and support for low-income families. Unlike discretionary spending, which is determined through annual appropriations, mandatory spending occurs automatically based on eligibility criteria and benefit formulas. This type of spending typically accounts for a significant portion of the federal budget.


What word is expenditures required by law?

The term for expenditures required by law is "mandatory spending." This includes government spending on programs that are required by existing laws, such as Social Security, Medicare, and certain other entitlement programs. Unlike discretionary spending, which can be adjusted annually, mandatory spending is typically fixed and must be funded as per the legal requirements.