As the Farm Bill is negotiated, a new report shows that SNAP spending, which doubled as a share of gross domestic product (GDP) in the wake of the Great Recession, fell slightly in fiscal year 2013. Moreover, the report projects that, in FY 2014, SNAP spending will not only continue to decline as a share of GDP but will fall 5% in nominal terms (i.e., not adjusted for inflation), largely because of the expiration this month of the 2009 Recovery Act’s benefit increase. As the economic recovery continues and fewer low-income people qualify for SNAP, the Congressional Budget Office expects SNAP spending to fall further in future years, returning to its 1995 levels by 2019.
Source: Center on Budget and Policy Priorities, 11/20/13, SNAP Spending
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