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Publication Date: February 2004
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Richard Kogan
Research Area: Banking and finance
Keywords: Fiscal future; Federal budget; Economic projections
Type: Report
Abstract:
Are appropriations growing at out-of-control rates? Is the growth occurring in domestic programs or is it overwhelmingly for defense and related war and terrorism expenses? Do this year’s appropriations bills continue the trend? And what do these figures have to do with deficits? This brief analysis summarizes the facts. How Much Has Been Appropriated? The annual appropriations bills fund about one-third of the budget; the other two-thirds of the budget (programs such as Social Security, Medicare, and interest on the debt) is determined outside of annual appropriations.