The amount of money a government agency will actually spend during a fiscal year is called ________________.

Question

Quizplus · Accepted Answer

Outlays refer to the actual amount of money a government agency spends during a fiscal year, regardless of what was budgeted or allocated for that purpose. Budget deficit and budget surplus refer to the difference between the government's revenue and its expenses, while mandatory and discretionary spending refer to the different categories of government expenditures.

The Amount of Money a Government Agency Will Actually Spend