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Discretionary spending
Meaning
Noun
●
In Economics:
The amount or
portion
of a person's or group's
expenditures
which is used for
non-essential
or
voluntary
disbursements
; the amount or
portion
of
one's
expenditures
which one
may make
as one
sees
fit.
●
The
action
of making such expenditures.
●
In American English:
US
government expenditures
which are
subject
to
annual
review
and
authorization
by Congress, as
distinct
from
expenditures
authorized
by
existing
laws.
Sourced from
Wiktionary
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