Abstract
This paper highlights trends in public spending for infrastructure over the past 42 years. The analysis of those trends is based on data supplied by the Office of Management and Budget, the Bureau of the Census, and CBO's Budget Analysis Division. The paper uses the same eight categories of infrastructure discussed in CBO's 1992, 1993, and 1995 papers on infrastructure spending: highways, mass transit, rail, aviation, water transportation, water resources, water supply, and wastewater treatment facilities. As in those earlier papers, this analysis also divides spending into capital outlays (primarily the purchase, construction, or rehabilitation of physical assets) and noncapital outlays (primarily the operation and maintenance of physical assets).
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