Entitlement program

Updated: Aug 20, 2021

A US term for a government spending programme prugram a ua lerm tor a government spending programme social security and Mediceire. There is thus no government discretion over who should be paid; the cost is open-ended and cannot be capped by policy decisions without getting Congress to change the rules.

Reference: Oxford Press Dictonary of Economics, 5th edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.