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Federal Investment, 1962 to 2018

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  • 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.

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  • Congressional Budget Office, 2019. "Federal Investment, 1962 to 2018," Reports 55375, Congressional Budget Office.
    • Handle: RePEc:cbo:report:55375
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    File URL: https://www.cbo.gov/system/files/2019-06/55375-Federal_Investment.pdf
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    More about this item

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • O00 - Economic Development, Innovation, Technological Change, and Growth - - General - - - General

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