RE: Bidenomics = GDP Q4 2023 = 3.3%...
Posted on: January 25, 2024 at 09:31:23 CT
DollarSigns MU
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Government spending rose 4.3 percent last year after adjusting for inflation. Compared with the prior quarter, government expenditures were up 3.3 percent in the fourth quarter, a slowdown from the quarterly rate of growth of 5.8 percent in the third quarter.
Federal government spending rose four percent in 2023, including a 4.7 percent rise in nondefense spending and a 3.3 percent rise in defense spending. State and local government spending climbed 4.5 percent.