Government Spending

             Governments in countries all around the world are straightjacketed by debt. Debt repayments reduce the amount available for everything else the state needs to spend money on, so resources for public services are really pre-determined, because debt servicing has to come first. How the remainder is allocated is also a problem in the majority of cases.
             Over the past century, government spending grew to an average of forty five percent of gross domestic product (GDP) among developed countries. But do these expenditures make countries more productive or achieve such social objectives as improving the health and literacy of the population?
             While some government spending on roads, education and criminal justice, for example, positively affects per capita GDP, beyond a certain point the tax burden necessary to finance this spending slows economic growth and thus retards the growth of per capita GDP. Today, total government spending in the United States and other developed countries far exceeds the level at which it increases national income.
             I chose to do this article because I have always known that some programs are governmentally funded, but never knew which ones were funded and why. The government has an enormous pocket for spending and in this paper, I would like to explain what some of those programs are actually getting funded, how much, and where the government obtains their money.
             Kathy Guthrie, State Government Health Spending Nearly Doubled Last Decade, http://www.mnplan.state.mn.us/press/health.html, 1994.
             The spending of government money for the year nineteen hundred ninety four was given mostly to Minnesota for public records. Minnesota Planning expects the government spending aid to continue and increase over the years. In Minnesota's state budget, the money from the government for health spending went from thirteen percent in nineteen hundred eighty to twenty percent by nineteen hundred ninety three....

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Government Spending . (1969, December 31). In MegaEssays.com. Retrieved 21:14, April 19, 2024, from https://www.megaessays.com/viewpaper/66830.html