Give some examples of changes in federal spending and taxes by the government that would be fiscal policy and some that would not.

All government spending is divided into three categories by the US Treasury: required spending, discretionary spending, and interest on debt. The majority of the taxpayer-supported organisations and initiatives on which we rely are funded by mandatory and discretionary spending, which accounts for more than $90$percent of all federal spending. The administration pays interest on its accumulated debt, less income received by the federal government for resources it claims, which is a far smaller number than the other two classes.

The broad expense classifications were created using characterizations that are commonly utilised by budgeting departments. The classes are created by grouping related projects and exercises into broad categories, which are further divided into subcategories.

Spending that is required by law is referred to as entitlement spending. Mandatory spending, according to US government policy, is administrative spending on specified programmes that are imposed by policy laws. Authorized laws create mandatory programmes in fiscal policy. The following are the many subsections under required spending:

Social safety net:

This area includes all Social Security function ($650$) expenditures, including benefits and administrative costs for retired and disabled people and their families.

Medical coverage (Medicare and Medicaid):

All medical functions ($570$), Medicare (health benefits for the elderly), and Medicaid are included in this section (health benefits for low income group people). All benefits, expenditures, and premiums are included, as well as the "Children's health insurance fund."

Discretionary spending:

Discretionary spending is government spending that is carried out through an appropriations bill. Unlike qualification programmes, where funding is mandatory and governed by the number of qualified recipients, this spending is a discretionary part of the financial arrangement.

Safety net projects:

All projects in the pay security work ($600$) are included in this category, with the exception of those in the following two sub capacities: government representatives' retirement and incapacity ($602$) and general retirement and handicap protection ($603$) ($601$). The latter includes the Pension Benefit Guarantee Corporation, as well as schemes that provide annuity and powerlessness benefits to select small social gatherings of private-sector employees.

Education: This subcategory encompasses three sub functions of the training, preparation, business, and social administrations' work: basic, optional, and professional training; advanced education; and research and general instructional guides (sub functions $501,502$ , and $503$ separately).

Defense and international security assistance: The national safeguard effort is the most important part of this class $\left(050\right)$. In addition, the worldwide security assistance subwork $\left(152\right)$ of the universal difficulties is included in this classification.

Transportation: This subcategory encompasses all aspects of transportation $\left(400\right)$.

Interest on debt: Interest on debt is a government obligation that specifies how much the central government must pay each year on outstanding obligations. Interest on debt quickly depletes the funds available for other purposes. As it grows over the next decade, proponents of those benefits will necessitate a reduction in spending in various areas. This combines the$\left(900\right)$ net interest function.