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Government Spending

Alexa Kovats

Chapter 10

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Across
5.legal limits on annual discretionary spending
7.a payment for which the government receives neither goods nor services in return
11.the part of the economy made up of private individuals and privately-owned businesses
14.spending authorized by law that continues without the need for annual approvals of Congress
15.a joint federal-state medical insurance program for low-income persons
Down
1.programs that must receive annual authorization
2.broad social programs that use established eligibility requirements to provide health, nutritional, or income supplements to individuals
3.an annual budget in which expenditures equal revenues
4.per person
6.the total amount borrowed from investors to finance the government's deficit spending
8.a 12-month financial planning period that may or may not coincide with the calender year
9.spending in excess of revenues collected
10.an annual plan outlining proposed revenues and expenditures for the coming year
12.the part of the economy made up of federal, state, and local governments
13.special accounts used to fund specific types of expenditures such as Social Security and medicare

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