Federal Spending

Federal spending refers to the government's allocation of funds to various programs and services that benefit the public and support the economy. This includes expenditures on essentials like healthcare, education, defense, infrastructure, and social security. The federal budget is created annually, outlining expected revenues and expenses. Spending affects economic growth, influences job creation, and can address societal needs. The government finances this spending through taxes, borrowing, and other revenues. Managing federal spending is crucial for maintaining economic stability and ensuring that necessary public services are adequately funded.