What Are 2 Examples Of Discretionary Spending?

What does discretionary mean?

adjective.

subject or left to one’s own discretion.

for any use or purpose one chooses; not earmarked for a particular purpose: discretionary income; a discretionary fund..

What does the government spend the most money on?

Nearly 60 percent of mandatory spending in 2019 was for Social Security and other income support programs (figure 3). Most of the remainder paid for the two major government health programs, Medicare and Medicaid.

What is discretionary vs non discretionary?

Simply put, a discretionary account is one in which a broker makes trades, buying or selling securities, in an investor’s account without the investor’s approval. A non-discretionary account is one in which the investor decides on what trades to make.

What does discretionary mean in law?

Discretion is the power of officials to act according to the dictates of their own judgment and conscience. Discretion is abused when the judicial action is arbitrary, fanciful, or unreasonable. If the plaintiff or the defendant thinks that the trial court judge has abused the discretion, the party can appeal the case.

What is considered discretionary spending?

Discretionary expenses are often defined as nonessential spending or, in other words, wants rather than needs. This means a business or household is still able to run even if all discretionary consumer spending stops. Meals at restaurants and entertainment costs are examples of discretionary expenses.

What is another word for discretionary?

In this page you can discover 14 synonyms, antonyms, idiomatic expressions, and related words for discretionary, like: optional, left to discretion, discretional, changeable, arbitrary, judgmental, personal, elective, facultative, opinion and surprise.

What is a discretionary outlay?

In any given year, discretionary outlays include spending both from new funding and from funding provided in previous years. …

What is an example of discretionary spending quizlet?

Discretionary spending is what the President and Congress must decide to spend for the next fiscal year through annual appropriations bills. Examples include money for such programs as the FBI, the Coast Guard, housing, education, space exploration, highway construction, defense, and foreign aid.

What are the 2 types of spending?

There are two types of spending in the federal budget process: discretionary and mandatory. Discretionary spending is spending that is subject to the appropriations process, whereby Congress sets a new funding level each fiscal year (which begins October 1st) for programs covered in an appropriations bill.

What are three examples of discretionary spending?

Some examples of areas funded by discretionary spending are national defense, foreign aid, education and transportation.

Which is another term for mandatory spending?

Also known as entitlement spending, in US fiscal policy, mandatory spending is government spending on certain programs that are required by law. Congress established mandatory programs under authorization laws. Congress legislates spending for mandatory programs outside of the annual appropriations bill process.

What is another word for discretionary income?

What is another word for discretionary spending?disposable incomediscretionary incomedisposable personal incomediscretionary expenses

Who decides discretionary spending?

Discretionary spending refers to the portion of the budget that is decided by Congress through the annual appropriations process each year. These spending levels are set each year by Congress. This pie chart shows how Congress allocated $1.11 trillion in discretionary spending in fiscal year 2015.

Which is the largest item in discretionary spending?

National defense spendingNational defense spending As of the fiscal year 2019 budget approved by Congress, national defense is the largest discretionary expenditure in the federal budget.

What is one example of mandatory spending an example of discretionary spending?

Examples of mandatory and discretionary spending are below. The largest federal program is Social Security, which provides benefits to over 64 million retired and disabled workers and their families. It accounts for about 23 percent of all federal spending and is required by law, so it is mandatory.

What does the government need to spend money on?

The government spends money on: Social Security, Medicare, and other mandatory spending required by law. Interest on the debt–the total the government owes on all past borrowing. Discretionary spending, the amount Congress sets annually for all other programs and agencies.

Is social security discretionary spending?

The United States federal budget consists of mandatory expenditures (which includes Medicare and Social Security), discretionary spending for defense, Cabinet departments (e.g., Justice Department) and agencies (e.g., Securities & Exchange Commission), and interest payments on debt.

Which of the following is an example of government discretionary spending?

Which of the following is an example of government discretionary spending? defense spending.

What is the difference between mandatory and discretionary spending quizlet?

What is the difference between mandatory spending and discretionary spending? Mandatory spending is spending that is required by current law and discretionary spending is spending that must be authorized by the government each year.

Are groceries considered discretionary spending?

While rent, mortgage payments, and groceries are necessary, discretionary expenses are those you incur voluntarily such as dining out or cable television. Your discretionary spending budget is only as big as the income you have available to fund it.

Does discretionary mean optional?

The difference between Discretionary and Optional When used as adjectives, discretionary means available at one’s discretion, whereas optional means not compulsory.