Answer available at BEA. Here's a bit of it:
BEA's national accounts measure government spending in three ways:
• Government consumption expenditures and gross investment: This is a measure of government spending on goods and services that are included in GDP...
• Government current expenditures: Total spending by government is much larger than the spending included in GDP. Current expenditures measures all spending by government on current-period activities...
• Total government expenditures: In addition to the transactions that are included in current expenditures, this measure includes gross investment (as defined earlier), and other capital-type expenditures...
For more detailed information on government expenditures, please see "A Primer on BEA's Government Accounts."
- See more at: http://www.bea.gov/faq/index.cfm?faq_id=552#sthash.zpykIqWy.dpuf
• Government consumption expenditures and gross investment: This is a measure of government spending on goods and services that are included in GDP...
• Government current expenditures: Total spending by government is much larger than the spending included in GDP. Current expenditures measures all spending by government on current-period activities...
• Total government expenditures: In addition to the transactions that are included in current expenditures, this measure includes gross investment (as defined earlier), and other capital-type expenditures...
For more detailed information on government expenditures, please see "A Primer on BEA's Government Accounts."
- See more at: http://www.bea.gov/faq/index.cfm?faq_id=552#sthash.zpykIqWy.dpuf
U.S. Bureau of Economic Analysis, FAQ: “BEA seems to have several different measures of government spending. What are they for and what do they measure?” (May-28-2010), http://www.bea.gov/faq/index.cfm?faq_id=552.
1 comment:
At FRED:
• Government consumption expenditures and gross investment
• Government current expenditures
• Total government expenditures
"Government" includes "Federal" & "state and local"
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