Capital outlay

{
  "id": "MLC-T-ECS-000223",
  "term": "Capital outlay",
  "field": "Economic statistics",
  "definition": "Direct expenditure for contract or force account construction of buildings, grounds, and other improvements, and purchase of equipment, land, and existing structures. Includes amounts for additions, replacements, and major alterations to fixed works and structures. However, expenditure for repairs to such works and structures is classified as current operation expenditure.",
  "subject": "Governments",
  "see_also": [
    "Construction",
    "Equipment",
    "Statistics about Governments"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/capital-outlay/"
}