Publication Type |
policy report |
School or College |
David Eccles School of Business |
Research Institute |
Kem C. Gardner Policy Institute |
Creator |
Kem C. Gardner Policy Institute |
Title |
Utah State government growth: following the feds or on its own path? |
Date |
2022 |
Description |
In 2020, federal government expenditures climbed to 31.2% of the nation's gross domestic product (GDP), the highest percent amount of federal spending since the end of World War II. Though projections by the Office of Management and Budget show federal expenditures declining to about 24% in the next year or two, these expenditures are fearfully high for some economists. Federal expenditures were not always this high. They have grown over the decades as demands have changed for public goods and services. In 1930, federal expenditures amounted to only 3.4% of GDP. During the Great Depression, expenditures tripled as a percent of GDP, ranging from 8% to 11%. World War II sent federal expenditures skyrocketing to 42.7%. |
Type |
Text |
Publisher |
University of Utah |
DOI |
10.7278/S5d-n1kc-r8kc |
Language |
eng |
Series |
Informed Decisions |
Rights Management |
(c) Kem C. Gardner Policy Institute |
Format Medium |
application/pdf |
ARK |
ark:/87278/s6q1an47 |
Setname |
ir_kcg |
ID |
2483694 |
Reference URL |
https://collections.lib.utah.edu/ark:/87278/s6q1an47 |