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Government spending is expenditure by a government to provide its functions and services. This is funded with taxation, tariffs, debt and the creation of new money such that it can crush the private sector where it becomes a high percentage of GDP. However, government services can also produce value and improve economic efficiency. For example, spending on education and healthcare generally improves productivity. The following are common examples of government spending.
Administration of Public Lands | Agriculture Programs | Antitrust / Fair Competition | Arts & Performing Arts | Broadcasting & Media | City Infrastructure | City Services | Coast Guard | Coastal Infrastructure | Consumer Protection | Corrections | Courts | Debt Interest | Disaster Resilience | Employment Programs | Environmental Protection | Executive Branch | Farming Subsidies | Financial Regulation & Oversight | Financial Stability (e.g. deposit insurance) | Fire Fighters | Fishing Industry Subsidies | Food Safety | Forest Service | Global Affairs & Diplomacy | Government Services | Healthcare | Heritage & Culture | Higher Education | Housing & Community Development | Industry Regulation | Industry Subsidies | K-12 Education | Labor Regulations | Legislative Branch | Libraries | Market Regulations & Oversight | Military | Mortgages & Housing | National Security | Natural Resources | Nature & Wildlife | Nuclear Energy (e.g. nuclear waste management) | Oceans & Fisheries | Oversight Bodies (government accountability) | Parks & Recreation | Police | Postal Services | Preschools & Daycare | Public Health (e.g. regulation of medications) | Public Safety | Public Security | Research Agencies | Science Programs (e.g. geological surveys) | Social Security | Social Services | Space Agencies | Statistics & Data | Student Loans | Tax Collection | Technology Infrastructure | Training Programs | Transportation Infrastructure | Transportation Safety | Transportation Services | Veterans Benefits | Water Infrastructure | Welfare / Income Security / Basic Universal Income |
In some cases, interest on public debt consumes a high percentage of government spending.Governments can be viewed as referees that ensure that industries, markets and societies function in a way that is beneficial to the people of a nation. Where government becomes too large, it becomes a case of too many referees and not enough players. In some nations, government spending exceeds 50% of GDP such that the government consumes most resources and crowds out the private sector that is the root source of a nation's output and productivity. Where government is too small, things that could be done to produce common good may go undone. For example, a nation with an unsafe transportation system due to a lack of competent oversight.Governments can provide shared hard and soft infrastructure that greatly increase the economic capacity and quality of life of a nation.
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