Federal Investment, 1962 to 2018

Congressional Budget Office

No 55375, Reports from Congressional Budget Office

Abstract: The federal government pays for a wide range of goods and services that are expected to be useful some years in the future. Those purchases, called investment, fall into three categories: physical capital, education and training, and research and development. In 2018, the federal government spent $492 billion on investment, which represented 12 percent of federal spending and 2 percent of GDP.

JEL-codes: E22 H54 I22 O00 (search for similar items in EconPapers)
Date: 2019-06-27
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