Food-Stamp Spending Seen Dropping in 2013 on Jobs Outlook
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Spending on food-stamp benefits would fall 0.6 percent to $69.9 billion in the 2013 fiscal year as employment improves, according to projections contained in the budget President Barack Obama submitted to Congress.
Spending for the food-stamp component of the Supplemental Nutrition Assistance Program, or SNAP, still would be the second-highest on record and 17 percent above 2011, the government said in its proposal today for U.S. Department of Agriculture spending. Overall budget authority for all related initiatives would fall 0.9 percent to $87.4 billion.