The largest item of government outlays is .

Name: The largest item of government outlays is .
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

Transfer payments, such as Social Security and Medicare, make up the largest portion of government outlays. In 2019, transfer payments made up 67% of all federal spending, while expenditures on goods and services only made up 15%. Debt reduction and interest payments on the national debt are also significant expenses, but not as large as transfer payments.

The Largest Item of Government Outlays Is