ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Mandatory spending is simply all spending that does not take place through appropriations legislation. Mandatory spending includes entitlement programs, such as Social Security, Medicare, and required interest spending on the federal debt.

Detailed explanation-2: -Mandatory spending, also known as direct spending, is mandated by existing laws. This type of spending includes funding for entitlement programs like Medicare and Social Security and other payments to people, businesses, and state and local governments.

Detailed explanation-3: -"Discretionary” means that the money will have to be approved by Congress as part of the annual appropriations process, while “mandatory” means the spending is automatic.

Detailed explanation-4: -Entitlement programs If the eligibility requirements are met for a specific mandatory program, outlays are made automatically. Entitlement programs such as Social Security and Medicare make up the bulk of mandatory spending.

Detailed explanation-5: -The three types of appropriations measures are regular appropriations bills, continuing resolutions, and supplemental appropriations bills.