Government consumption expenditures

What is Government consumption expenditures?

Government consumption expenditures meaning Expenditures consisting of compensation of general government employees, consumption of fixed capital (CFC), and intermediate purchases of goods and services less sales to other sectors and own-account production of structures and software. It excludes current transactions of government enterprises, interest paid or received by government, and subsidies. Related terms: government consumption expenditures and gross investment.

 

reference: BEA Bureau of Economic Analysis. US Department of Commerce

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