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Receipts and expenditures of state governments and of local governments: revised and updated estimates, 1959-84.

Receipts and Expenditures of State Governments and of Local Governments: Revised and Updated Estimates, 1959-84 REVISED and updated estimates of receipts and expenditures of State governments and of local governments within the framework of the national income and product accounts (NIPA's) are presented for 1959-84 in tables 1 and 2. For these estimates, the NIPA receipts and expenditures account for State and local governments (table 3.3) is deconsolidated to provide separate accounts for the two levels of government. Tables 3 and 4 supplement those tables by providing functional breakdowns of expenditures (NIPA table 3.16) for the two levels of government. The revisions are due to the comprehensive revision of the NIPA's released in December 1985.

It should be understood that the separate accounts reflect the fiscal activities of 50 States and about 80,000 local governments and that, accordingly, substantial diversity can exist within the aggregates. For example, weakened fiscal positions in many governments may mask improvements in others. (See "The State and Local Government Fiscal Position: An Alternative Measure" in the March 1984 SURVEY OF CURRENT BUSINESS for a discussion of the characteristics of the NIPA fiscal position measure.)
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Author:Levin, David J.; Peters, Donald L.
Publication:Survey of Current Business
Date:May 1, 1986
Words:192
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