Lectures in Macroeconomics- Charles W. Upton Government Spending.

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Presentation transcript:

Lectures in Macroeconomics- Charles W. Upton Government Spending

Our Objective This is a descriptive section. Here, we present some data on what the government actually spends.

Government Spending Our Objective This is a descriptive section. Here, we present some data on what the government actually spends. The discussion revolves around graphs showing government spending, usually as a percentage of GDP.

Government Spending Government Spending As % of GDP

Government Spending Government Spending These data include both (a) government purchases of goods and services and (b) transfer payments

Government Spending Govt. Consumption As % of GDP

Government Spending Govt. Consumption This series is relatively constant.

Government Spending Govt. Transfer Payments As % of GDP

Government Spending Govt. Transfer Payments This series is not.

Government Spending The Devil is in the Details Federal and State Breakdown Defense and non-defense spending

Government Spending Federal Spending As % of GDP

Government Spending Federal Spending Korea WW II

Government Spending Federal Spending ( ) This series is relatively constant. As % of GDP

Government Spending Federal Non-Defense Spending ( ) This series is not. As % of GDP

Government Spending Federal Non-Defense Spending ( )

Government Spending Defense Spending ( ) As % of GDP

Government Spending Defense Spending ( )

Government Spending Defense Spending ( ) As % of GDP

Government Spending State and Local Consumption, As % of GDP

Government Spending State and Local Consumption,

Government Spending State and Local Transfer Payments, As % of GDP

Government Spending State and Local Transfer Payments,

Government Spending How the States Spend Education Other Welfare Roads % of State Spending for different purposes

Government Spending State Spending on Education, As % of GDP

Government Spending State Spending on Roads, As % of GDP

Government Spending State Spending on Welfare, As % of GDP

Government Spending State Spending on Other, As % of GDP

Government Spending State Spending on Other, As % of GDP Libraries, Hospitals, Health, Employment Security Administration, Veteran's Services, Air Transport, Water Transport and Terminals, Parking Facilities, Transit Subsidies, Police Protection, Fire Protection, Correction, Protective Inspection and Regulation, Sewerage, Natural Resources, Parks and Recreation, Housing and Community Development, Solid Waste Management, Financial Administration, Judicial and Legal, General Public Buildings, Other Government Administration, Interest on General Debt and General Expenditures

Government Spending State vs. Federal, Federal State This graph shows federally-funded state spending as both federal & state spending

Government Spending State vs. Federal, Federal State This graph shows federally-funded state spending as federal spending

Government Spending % of State Spending Federally Financed

Government Spending End ©2004 Charles W. Upton. All rights reserved Data are from Statistical Appendix of Economic Report of the President