Economic Snapshot | Trade and Globalization

Composition of federal investment in 1999

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Snapshot for September 29, 1999

Composition of federal investment in 1999

The chart below illustrates the composition of federal public investment outlays for fiscal year 1999. Spending is almost evenly divided — 51% is dedicated to general grants to state and local governments (which are then disbursed according to the respective discretionary needs of the affected localities) and 49% is for direct spending on programs administered by the federal government.

For 1999, 21% of total federal resources went to state and local governments for education, and 30% more went to states for spending on physical capital. Direct federal spending for physical capital included water and power projects (3%), other construction (6%), equipment (5%), research and development (22%), and education and training (13%).

Source: Office of Management and Budget Data, Mid-Session Review.

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