Federal programs that transfer income projected to hit record

Time to read
2 minutes
Read so far

Federal programs that transfer income projected to hit record

Fri, 10/25/2019 - 13:29
Posted in:
Federal spending programs that are “designed to transfer income … to individuals or families” are set to hit a record $3,223,943,000,000 in fiscal 2020, according to projections published by the Office of Management and Budget. These so-called “payments for individuals” (as the OMB calls them) are projected to account for 67.9% of all federal spending this fiscal year and consume 14.4% of the…

Premium Content is available to subscribers only. Please login here to access content or go here to purchase a subscription.