Final answer:
Money spent on government programs is known as government expenditures and is financed through revenue from taxes or borrowing.
Explanation:
In government finances, money spent on government programs is termed as government expenditures. This spending includes purchases of goods and services like building infrastructure or paying salaries, as well as transfers such as welfare payments.
Government expenditures are financed through revenue generated from taxes and sometimes through borrowing, resulting in a budget deficit when spending exceeds revenue.
Various types of bonds such as General Obligation Bonds and Revenue Bonds are utilized by governments to fund projects and are repaid based on different sources of revenue.
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