Expenditure

{
  "id": "MLC-T-ECS-000659",
  "term": "Expenditure",
  "field": "Economic statistics",
  "definitions": [
    "Transaction cost (including excise and sales taxes) of goods or services acquired.\n\nNote: Expenditure estimates include expenditures for gifts, but exclude purchases or portions of purchases directly assignable to business purposes, and periodic credit or installment payments on goods or services already acquired. The full cost of each purchase is recorded, even though full payment may not have been made at the date of purchase. Expenditure categories include food, alcoholic beverages, housing, apparel and services, transportation, healthcare, entertainment, personal care products and services, reading, education, tobacco products and smoking supplies, cash contributions, personal insurance and pensions, and miscellaneous.",
    "All amounts of money paid out by a government (net of recoveries and other correcting transactions) other than for retirement of debt, investment in securities, extension of credit, or as agency transactions. Note that expenditures includes only external transactions of a government and exclude noncash transactions such as the provision of perquisites or other payments in kind."
  ],
  "subject": "Governments",
  "see_also": [
    "Statistics about Governments"
  ],
  "references": [
    "BLS Glossary",
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/expenditure/"
}