What is the difference between federal purchases and federal expenditures? Are federal purchases higher today as a percentage of
Federal purchases, also known as government purchases or government spending on goods and services, represent the portion of government spending that goes toward acquiring goods and services produced by the private sector or other levels of government.
Federal expenditures, often referred to as government expenditures or federal outlays, encompass all types of spending by the federal government, including federal purchases, transfer payments (such as Social Security or unemployment benefits), interest on the national debt, and subsidies to various sectors.
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