Printer Friendly

Federal Government Current Receipts and Expenditures.

Bureau of Economic Analysis
Table 3.2. Federal Government Current Receipts and Expenditures
[Billions of dollars] Seasonally adjusted at annual rates
Last Revised on: August 26, 2016 - Next Release Date September 29, 2016

Line                                          2014     2014
                                               I        II

 1       Current receipts                    3,254.1  3,290.7
 2    Current tax receipts                   1,960.6  2,003.8
 3     Personal current taxes (1)            1,366.5  1,385.9
 4     Taxes on production and imports (2)     133.2    133.3
 5      Excise taxes                            96.5     96.7
 6      Customs duties                          36.7     36.7
 7     Taxes on corporate income               438.1    464.4
 8      Federal Reserve banks                  101.8    101.9
 9      Other                                  336.4    362.5
10     Taxes from the rest of the world         22.9     20.1
11    Contributions for government
       social insurance                      1,126.2  1,131.7
12     From persons                          1,121.2  1,126.6
13     From the rest of the world (3)            5.1      5.1
14    Income receipts on assets                104.2     75.6
15     Interest receipts (4)                    22.8     23.2
16     Dividends                                71.1     41.4
17     Rents and royalties (5)                  10.3     11.0
18    Current transfer receipts                 71.5     88.2
19     From business                            37.7     36.6
20     From persons                             22.6     23.1
21     From the rest of the world (6)           11.1     28.5
22    Current surplus of government
      enterprises (7)                           -8.5     -8.5
23       Current expenditures                3,846.2  3,893.9
24    Consumption expenditures                 957.4    949.9
25    Current transfer payments              2,391.4  2,438.6
26     Government social benefits            1,871.1  1,899.3
27      To persons                           1,851.7  1,879.8
28      To the rest of the world 8              19.4     19.5
29     Other current transfer payments         520.3    539.4
30      Grants-in-aid to state and
        local governments                      467.1    488.5
31      To the rest of the world (6,8)          53.2     50.8
32    Interest payments (4)                    440.5      449
33     To persons and business (4)             347.0    356.3
34     To the rest of the world                 93.5     92.7
35    Subsidies (7)                             56.9     56.4
36       Net federal government saving        -592.1   -603.2
37    Social insurance funds                  -282.3   -291.7
38    Other                                   -309.8   -311.6
      Addenda:
39     Total receipts                        3,274.0  3,309.50
40      Current receipts                     3,254.1  3,290.70
41      Capital transfer receipts               19.9     18.8
42     Total expenditures                    3,912.2  3,964.60
43      Current expenditures                 3,846.2  3,893.90
44      Gross government investment            260.6    264.4
45      Capital transfer payments               77.6     79.1
46      Net purchases of nonproduced assets     -1.2     -1.8
47      Less: Consumption of fixed capital     271.0    271
48     Net lending or net borrowing (-)       -638.1   -655.1

Line                                          2014      2014
                                               III       IV

 1       Current receipts                    3,309.5   3,299.4
 2    Current tax receipts                   2,001.5   2,014.0
 3     Personal current taxes (1)            1,412.7   1,444.3
 4     Taxes on production and imports (2)     135.7     136.0
 5      Excise taxes                            98.2      97.4
 6      Customs duties                          37.4      38.7
 7     Taxes on corporate income               431.0     412.9
 8      Federal Reserve banks                   92.6      91.4
 9      Other                                  338.5     321.5
10     Taxes from the rest of the world         22.1      20.7
11    Contributions for government
       social insurance                      1,145.3   1,160.3
12     From persons                          1,140.1   1,155.1
13     From the rest of the world (3)            5.2       5.2
14    Income receipts on assets                 57.8      61.5
15     Interest receipts (4)                    23.5      24.4
16     Dividends                                23.0      27.5
17     Rents and royalties (5)                  11.3       9.7
18    Current transfer receipts                112.9      71.7
19     From business                            86.3      42.8
20     From persons                             23.5      23.7
21     From the rest of the world (6)            3.2       5.1
22    Current surplus of government
      enterprises (7)                           -8.1      -8.1
23       Current expenditures                3,942.6   3,922.5
24    Consumption expenditures                 967.6     948.8
25    Current transfer payments              2,477.3   2,487.2
26     Government social benefits            1,911.0   1,924.8
27      To persons                           1,891.5   1,905.1
28      To the rest of the world 8              19.6      19.6
29     Other current transfer payments         566.2     562.5
30      Grants-in-aid to state and
        local governments                      514.2     509.2
31      To the rest of the world (6,8)          52.1      53.3
32    Interest payments (4)                    441.5     431.1
33     To persons and business (4)             347.5     336.6
34     To the rest of the world                   94      94.5
35    Subsidies (7)                             56.2      55.4
36       Net federal government saving        -633.1    -623.1
37    Social insurance funds                  -288.7    -286.9
38    Other                                   -344.4    -336.2
      Addenda:
39     Total receipts                         3,327.6  3,317.7
40      Current receipts                      3,309.5  3,299.4
41      Capital transfer receipts                18.1     18.4
42     Total expenditures                     4,006.5  3,986.6
43      Current expenditures                  3,942.6  3,922.5
44      Gross government investment               263    263.7
45      Capital transfer payments                78.8     73.6
46      Net purchases of nonproduced assets      -6.5     -1.3
47      Less: Consumption of fixed capital      271.3    271.9
48     Net lending or net borrowing (-)        -678.9   -668.9

Line                                          2015     2015
                                               I        II

 1       Current receipts                    3,410.0  3,439.4
 2    Current tax receipts                   2,134.5  2,138.9
 3     Personal current taxes (1)            1,506.8  1,530.6
 4     Taxes on production and imports (2)     138.0    141.8
 5      Excise taxes                           100.4    101.1
 6      Customs duties                          37.6     40.7
 7     Taxes on corporate income               468.1    444.9
 8      Federal Reserve banks                   86.4     91.5
 9      Other                                  381.7    353.4
10     Taxes from the rest of the world         21.7     21.5
11    Contributions for government
       social insurance                      1,169.4  1,184.3
12     From persons                          1,164.2  1,179.1
13     From the rest of the world (3)            5.2      5.2
14    Income receipts on assets                 43.3     42.7
15     Interest receipts (4)                    25.0     26.3
16     Dividends                                11.3     10.5
17     Rents and royalties (5)                   6.9      6.0
18    Current transfer receipts                 68.9     80.2
19     From business                            37.9     43.6
20     From persons                             23.8     23.7
21     From the rest of the world (6)            7.2     12.9
22    Current surplus of government
      enterprises (7)                           -6.3     -6.7
23       Current expenditures                3,944.5  4,018.2
24    Consumption expenditures                 960.1    961.7
25    Current transfer payments              2,540.9  2,545.5
26     Government social benefits            1,958.4  1,977.4
27      To persons                           1,938.3  1,957.1
28      To the rest of the world 8              20.2     20.3
29     Other current transfer payments         582.4    568.1
30      Grants-in-aid to state and
        local governments                      524.6    521.2
31      To the rest of the world (6,8)          57.8     46.9
32    Interest payments (4)                    388.3    455.3
33     To persons and business (4)             293.9    361.3
34     To the rest of the world                 94.4     94.0
35    Subsidies (7)                             55.1     55.7
36       Net federal government saving        -534.5   -578.9
37    Social insurance funds                  -303.6   -303.1
38    Other                                   -230.9   -275.7
      Addenda:
39     Total receipts                        3,429.4  3,459.4
40      Current receipts                     3,410.0  3,439.4
41      Capital transfer receipts               19.4     20.0
42     Total expenditures                    4,000.8  3,957.6
43      Current expenditures                 3,944.5  4,018.2
44      Gross government investment            258.7    260.4
45      Capital transfer payments               70.4     72.1
46      Net purchases of nonproduced assets     -0.6   -121.5
47      Less: Consumption of fixed capital     272.1    271.6
48     Net lending or net borrowing (-)       -571.4   -498.2

Line                                          2015     2015
                                               III      IV

 1       Current receipts                    3,447.8  3,515.9
 2    Current tax receipts                   2,130.5  2,193.0
 3     Personal current taxes (1)            1,539.9  1,553.2
 4     Taxes on production and imports (2)     136.9    140.8
 5      Excise taxes                           101.1    102.4
 6      Customs duties                          35.8     38.4
 7     Taxes on corporate income               430.6    477.0
 8      Federal Reserve banks                   94.2    169.8
 9      Other                                  336.4    307.3
10     Taxes from the rest of the world         23.1     22.0
11    Contributions for government
       social insurance                      1,194.4  1,210.1
12     From persons                          1,189.3  1,205.1
13     From the rest of the world (3)            5.1      5.0
14    Income receipts on assets                 67.6     43.0
15     Interest receipts (4)                    28.0     28.2
16     Dividends                                33.4      9.1
17     Rents and royalties (5)                   6.2      5.7
18    Current transfer receipts                 62.9     79.0
19     From business                            37.9     52.2
20     From persons                             23.2     22.4
21     From the rest of the world (6)            1.8      4.4
22    Current surplus of government
      enterprises (7)                           -7.6     -9.2
23       Current expenditures                4,070.2  4,058.9
24    Consumption expenditures                 965.1    968.0
25    Current transfer payments              2,579.7  2,593.5
26     Government social benefits            1,988.6  2,002.2
27      To persons                           1,968.1  1,981.6
28      To the rest of the world 8              20.5     20.6
29     Other current transfer payments         591.1    591.3
30      Grants-in-aid to state and
        local governments                      535.6    543.6
31      To the rest of the world (6,8)          55.5     47.7
32    Interest payments (4)                    468.5    440.7
33     To persons and business (4)             375.3    345.7
34     To the rest of the world                 93.2     94.9
35    Subsidies (7)                             56.9     56.8
36       Net federal government saving        -622.3   -543.1
37    Social insurance funds                  -306.4   -306.1
38    Other                                   -316.0   -237.0
      Addenda:
39     Total receipts                        3,468.3  3,536.8
40      Current receipts                     3,447.8  3,515.9
41      Capital transfer receipts               20.5     21.0
42     Total expenditures                    4,132.9  4,123.0
43      Current expenditures                 4,070.2  4,058.9
44      Gross government investment            260.0    266.0
45      Capital transfer payments               75.0     69.6
46      Net purchases of nonproduced assets     -0.7     -0.6
47      Less: Consumption of fixed capital     271.4    270.8
48     Net lending or net borrowing (-)       -664.6   -586.2

Line                                          2016     2016
                                               I        II

 1       Current receipts                    3,442.5  3,469.7
 2    Current tax receipts                   2,106.7  2,137.7
 3     Personal current taxes (1)            1,520.7  1,537.5
 4     Taxes on production and imports (2)     138.1    136.5
 5      Excise taxes                            99.7     99.5
 6      Customs duties                          38.4     37.0
 7     Taxes on corporate income               425.3    442.0
 8      Federal Reserve banks                   93.8     95.3
 9      Other                                  331.5    346.6
10     Taxes from the rest of the world         22.7     21.7
11    Contributions for government
       social insurance                      1,214.9  1,225.4
12     From persons                          1,209.9  1,220.4
13     From the rest of the world (3)            5.0      5.1
14    Income receipts on assets                 51.3     38.6
15     Interest receipts (4)                    27.6     28.6
16     Dividends                                18.6      3.9
17     Rents and royalties (5)                   5.1      6.1
18    Current transfer receipts                 79.1     80.1
19     From business                            48.3     53.8
20     From persons                             26.0     25.1
21     From the rest of the world (6)            4.9      1.2
22    Current surplus of government
      enterprises (7)                           -9.7    -12.1
23       Current expenditures                4,110.8  4,137.3
24    Consumption expenditures                 969.0    974.8
25    Current transfer payments              2,629.8  2,631.7
26     Government social benefits            2,029.0  2,044.1
27      To persons                           2,008.4  2,023.4
28      To the rest of the world 8              20.6     20.7
29     Other current transfer payments         600.8    587.5
30      Grants-in-aid to state and
        local governments                      541.2    539.6
31      To the rest of the world (6,8)          59.6     47.9
32    Interest payments (4)                    454.2    471.7
33     To persons and business (4)             359.1    376.4
34     To the rest of the world                 95.1     95.3
35    Subsidies (7)                             57.7     59.1
36       Net federal government saving        -668.3   -667.6
37    Social insurance funds                  -317.0   -323.1
38    Other                                   -351.3   -344.5
      Addenda:
39     Total receipts                        3,463.4  3,491.3
40      Current receipts                     3,442.5  3,469.7
41      Capital transfer receipts               20.9     21.6
42     Total expenditures                    4,178.0  4,171.1
43      Current expenditures                 4,110.8  4,137.3
44      Gross government investment            264.8    264.4
45      Capital transfer payments               73.6     74.0
46      Net purchases of nonproduced assets     -0.4    -33.1
47      Less: Consumption of fixed capital     270.7    271.4
48     Net lending or net borrowing (-)       -714.6   -679.8

Legend / Footnotes:
(1.) Includes dividends tax for 1933-34 and automobile use tax for
1942-46 as shown in table 3.4.
(2.) Includes the capital stock tax for 1933-45 as shown in table 3.5.
(3.) Consists primarily of contributions by residents of the U.S.
territories and the Commonwealths of Puerto Rico and Northern Mariana
Islands.
(4.) Prior to 1960, interest payments to persons and business (line 33)
and interest receipts (line 15) are not shown separately, but are
included in interest payments (line 32), which is shown net of interest
receipts. Interest payments to persons and business includes interest
accrued on the actuarial liabilities of defined benefit pension plans
for federal government employees.
(5.) Rents and royalties are receipts from the leasing of federally
owned lands and mineral deposits. These values do not include bonus
payments made to secure such leases.
(6.) Prior to 1999, current transfer payments to the rest of the world
are displayed net of current transfer receipts from the rest of the
world.
(7.) Prior to 1959, subsidies (line 35) and the current surplus of
government enterprises (line 22) are not shown separately; subsidies
are presented net of the current surplus of government enterprises.
(8.) Prior to 1960, government social benefits to the rest of the world
(line 28) are included in line 31, 'Other current transfer payments to
the rest of the world.'
COPYRIGHT 2016 U.S. Government Printing Office
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Survey of Current Business
Date:Aug 1, 2016
Words:2483
Previous Article:Government Current Receipts and Expenditures.
Next Article:State and Local Government Current Receipts and Expenditures.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters