What is the largest state expenditure?

What is the largest state expenditure?

Education is the single-largest expenditure by state governments, followed by public welfare.

What are the largest state government expenditure categories quizlet?

Terms in this set (8) The largest category of state expenditures is on intergovernmental affairs.

Is the single largest category of expenditure for state governments?

Money spent by governments. Salaries are the single largest expenditure for state & local governments.

What is state expenditure?

Total state expenditure comprises all amounts of money (including federal grants and reimbursements) paid out by a government during its fiscal year, excluding payment of debt, purchases in investment securities, loans, correcting transactions, and agency or private trust transactions.

What is the largest category of spending by the Commonwealth of Virginia?

Social Security was the largest category of federal spending in most localities (77 of 134 localities statewide). Military spending was largest in 28 localities, and health care spending was largest in 25 localities.

What are the two largest categories for state spending?

What do state and local governments spend money on? State and local governments spend most of their resources on education, health, and social service programs. In 2018, about one-third of state and local spending went toward combined elementary and secondary education (21 percent) and higher education (9 percent).

What is the largest category of spending in the Commonwealth of Virginia?

What is the largest functional spending category for state and local government?

Education
Education is the largest functional spending category of state governments.

What is the largest category of expense for most cities?

In your scenario, in the categories of public safety, education, and retirement, employee costs are the greatest expense. This may or may not be true for transportation and public utilities. When a city spends on public safety, the main expense is the cost of the police officers and support staff.

What are the major expenditures of the state and local governments the major expenditures of the state and local governments?

State and Local Government Spending The single biggest item is education, which accounts for about one-third of the total. The rest covers programs like highways, libraries, hospitals and healthcare, parks, and police and fire protection.

What are the three largest local expenditures?

State and local governments spend most of their resources on education, health, and social service programs. In 2018, about one-third of state and local spending went toward combined elementary and secondary education (21 percent) and higher education (9 percent).

Which states spend the most on state and local government spending?

Among the states, Alaska had the highest per capita state and local spending in 2018 at $19,699, followed by New York ($15,217) and Wyoming ($15,055). As is typical, the District of Columbia’s per capita spending exceeded all states’ at $20,418. 10 Arizona ($6,983) and Georgia ($7,103) had the lowest per capita spending in 2018.

What is a total state expenditure?

Total state expenditure comprises all amounts of money (including federal grants and reimbursements) paid out by a government during its fiscal year, excluding payment of debt, purchases in investment securities, loans, correcting transactions, and agency or private trust transactions.

Which category saw the largest increase in state spending in 2020?

Spending from states’ own funds (general funds and other state funds combined, excluding bonds) rose 5.0 percent in estimated fiscal 2020. The “ all other ” category saw the largest gain in total state spending in fiscal 2020, at 12.5 percent.

What is included in the state spending data?

It also includes data on capital spending by program area, as well as information on general fund and transportation fund revenue collections. Total state spending (including general funds, other state funds, bonds, and federal funds) grew 7.7 percent in estimated fiscal 2020.