Journal Article
Federal Government Outlays Remain Historically Elevated, Spurred by Robust Transfers
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.
Keywords: government transfers; deficits; unemployment; economic recovery;
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https://www.kansascityfed.org/documents/10591/EconomicBulletin24BiFelix1122.pdf
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Provider: Federal Reserve Bank of Kansas City
Part of Series: Economic Bulletin
Publication Date: 2024-12-20
Pages: 4