ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Typically, “pork” involves national funding for government programs whose economic or service benefits are concentrated in a particular area but whose costs are spread among all taxpayers. Public works projects, certain national defense spending projects, and agricultural subsidies are the most commonly cited examples.

Detailed explanation-2: -The Commission released its Report on investigation into pork barrelling in NSW (Operation Jersey), today, in which it defines pork barrelling as “the allocation of public funds and resources to targeted electors for partisan political purposes”.

Detailed explanation-3: -Congressional leaders broadly agree to approve pork barrel spending in order to gain the votes needed to pass a budget or a bill that fits their particular agenda.

Detailed explanation-4: -Logrolling is the process by which politicians trade support for one issue or piece of legislation in exchange for another politician’s support, especially by means of legislative votes (Holcombe 2006).