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Tuesday, October 22, 2013

FEDS SPENDING LESS ON KIDS


Federal spending on children fell by $28 billion, or 7%, in 2012, the largest single- year reduction since the early 1980s. While most of this decline is explained by the phasing out of the temporary increase in federal funds under the American Recovery and Reinvestment Act of 2009, broader budgetary forces will continue to restrict spending on children over the next ten years. Forecasts through 2023 show federal spending on children falling as a share of the federal budget, from 10% to 8% of total outlays. Total federal spending is projected to increase over the next decade by more than $1 trillion, but children’s programs will get only 2 cents on every dollar of this projected increase.

 

Source: Urban Institute, 9/24/13, Kids' Share 2013

 

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