TeachMeFinance.com - explain Outlay
Outlay The term 'Outlay ' as it applies to the area of Medicare in the United States can be defined as ' The issuance of checks, disbursement of cash, or electronic transfer of funds made to liquidate an expense regardless of the fiscal year the service was provided or the expense was incurred. When used in the discussion of the Medicaid program, outlays refer to amounts advanced to the States for Medicaid benefits'.
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