U.S. government spending on food-stamp benefits will fall 0.6% to US$69.9B in Obama's proposed budget to Congress due to improved employment rates, according to projections
February 20, 2012
– According to projections contained in the budget that President Barack Obama submitted to Congress, spending on food-stamp benefits would fall 0.6% to US$69.9 billion in the year starting 2013 due to improved employment rates, Bloomberg reported Feb. 19.
In its proposal for U.S. Department of Agriculture (USDA) spending, spending for the food-stamp component of the Supplemental Nutrition Assistance Program (SNAP) would still be 17% above 2011 and the second-highest on record.
According to the USDA, more than 46 million Americans received aid in November, up 0.1% from October, according to the USDA. Participation was 6.2% higher than a year earlier. The government spent $6.21 billion on the program for the month, up 6.9% year-over-year.
The primary source of this article is Bloomberg, New York, New York, on Feb. 19, 2012.