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Federal Government Outlays Remain Historically Elevated, Spurred by Robust Transfers

Author

Listed:
  • Huixin Bi
  • Alison Felix

Abstract

Over the past six decades, the federal government has shifted a larger share of its outlays toward transfer payments to individuals and state and local governments. These longer-run trends were exacerbated during the pandemic, leading to higher deficits for the federal government and an increasingly high share of federal outlays supporting the economy through consumer spending.

Suggested Citation

  • Huixin Bi & Alison Felix, 2024. "Federal Government Outlays Remain Historically Elevated, Spurred by Robust Transfers," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, December.
    • Handle: RePEc:fip:fedkeb:99277
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    File URL: https://www.kansascityfed.org/documents/10591/EconomicBulletin24BiFelix1122.pdf
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