[Historical Tables]
[Section 14 - Federal Sector Transactions in the National Income and Product Accounts]
[Table 14.1 - Federal Transactions in the National Income and Product Accounts for Federal Fiscal Years: 1947-2003]
[From the U.S. Government Publishing Office, www.gpo.gov]
Table 14.1--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS FOR FEDERAL FISCAL YEARS: 1947-2003
(in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1947 1948 1949 1950 1951 1952 1953 1954 1955
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Receipts
Personal tax and nontax receipts..................... 18.0 19.1 15.5 15.8 22.6 28.0 30.5 29.4 28.9
Corporate profits tax accruals....................... 10.6 11.2 10.8 11.8 21.7 19.4 19.7 17.3 18.9
Indirect business tax and nontax accruals............ 8.0 8.0 8.2 8.3 9.5 9.8 10.8 10.4 10.1
Social insurance receipts............................ 6.1 4.6 4.6 4.9 6.0 6.6 6.8 7.4 8.3
--------------------------------------------------------------------------------------------------
Total receipts..................................... 42.7 42.9 39.1 40.8 59.8 63.7 67.9 64.5 66.1
==================================================================================================
Expenditures
Consumption expenditures............................. 23.1 19.8 23.2 22.2 26.4 39.9 47.6 46.4 42.7
Defense............................................ (20.1) (16.4) (17.1) (16.0) (22.6) (35.3) (41.3) (39.6) (36.1)
Nondefense......................................... (2.9) (3.4) (6.1) (6.2) (3.8) (4.6) (6.3) (6.8) (6.5)
Transfer payments.................................... 9.7 10.9 12.6 15.1 10.6 10.5 10.6 11.4 13.4
Domestic (``to persons'').......................... (7.8) (8.2) (7.6) (10.8) (7.5) (7.9) (8.5) (9.7) (11.3)
Foreign............................................ (1.9) (2.6) (5.0) (4.3) (3.2) (2.6) (2.1) (1.7) (2.1)
Grants to State and local governments................ 1.4 1.6 1.8 2.0 2.0 2.0 2.2 2.3 2.3
Net interest paid.................................... 4.2 4.3 4.4 4.5 4.6 4.7 4.7 4.8 4.8
Subsidies less current surplus of government 0.7 0.5 0.7 0.8 1.2 1.0 0.8 0.6 0.6
enterprises.........................................
Subsidies.......................................... (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A)
Current surplus (-) or deficit..................... (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A)
Wage disbursements less accruals..................... ......... ......... ......... ......... -* -* * * -0.1
--------------------------------------------------------------------------------------------------
Total expenditures................................. 38.9 37.0 42.6 44.6 44.8 58.1 66.0 65.7 63.7
==================================================================================================
Surplus or deficit (-), NIPA basis................. 3.8 5.9 -3.5 -3.8 15.0 5.7 1.9 -1.1 2.4
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
Table 14.1--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS FOR FEDERAL FISCAL YEARS: 1947-2003--Continued
(in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1956 1957 1958 1959 1960 1961 1962 1963
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Receipts
Personal tax and nontax receipts................................ 32.5 35.4 35.0 36.9 40.9 41.7 45.3 47.5
Corporate profits tax accruals.................................. 21.5 20.8 17.9 21.5 22.3 20.1 22.6 23.2
Indirect business tax and nontax accruals....................... 10.9 11.8 11.7 12.0 13.3 13.4 14.3 15.1
Social insurance receipts....................................... 9.5 10.5 11.0 12.3 15.2 16.4 18.0 20.1
---------------------------------------------------------------------------------------
Total receipts................................................ 74.4 78.5 75.5 82.7 91.6 91.6 100.2 105.9
=======================================================================================
Expenditures
Consumption expenditures........................................ 45.2 47.1 50.1 51.8 51.5 52.9 56.2 60.5
Defense....................................................... (38.2) (41.0) (43.8) (43.1) (42.2) (44.1) (46.7) (48.6)
Nondefense.................................................... (7.1) (6.1) (6.3) (8.7) (9.3) (8.9) (9.5) (11.9)
Transfer payments............................................... 13.7 15.2 18.3 20.2 20.8 23.9 25.3 26.3
Domestic (``to persons'')..................................... (11.8) (13.3) (16.6) (18.4) (19.0) (21.9) (23.2) (24.2)
Foreign....................................................... (1.9) (1.9) (1.8) (1.8) (1.8) (2.0) (2.1) (2.0)
Grants to State and local governments........................... 2.4 2.7 3.0 3.7 4.0 4.3 4.8 5.3
Net interest paid............................................... 5.0 5.6 5.6 5.8 7.0 6.7 6.7 7.4
Subsidies less current surplus of government enterprises........ 0.7 1.6 1.5 1.5 1.3 1.9 2.5 2.6
Subsidies..................................................... (N/A) (N/A) (N/A) (N/A) (1.1) (1.5) (2.1) (2.2)
Current surplus (-) or deficit................................ (N/A) (N/A) (N/A) (N/A) (0.2) (0.5) (0.4) (0.4)
Wage disbursements less accruals................................ 0.1 ......... -0.3 0.3 ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total expenditures............................................ 67.2 72.1 78.2 83.3 84.6 89.7 95.5 102.1
=======================================================================================
Surplus or deficit (-), NIPA basis............................ 7.3 6.4 -2.7 -0.5 7.0 1.9 4.7 3.8
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 284]]
Table 14.1--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS FOR FEDERAL FISCAL YEARS: 1947-2003--Continued
(in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1964 1965 1966 1967 1968 1969 1970 1971
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Receipts
Personal tax and nontax receipts................................ 48.3 48.7 54.5 61.5 68.3 86.9 90.3 84.3
Corporate profits tax accruals.................................. 25.7 27.3 30.6 30.5 32.8 36.8 32.9 32.0
Indirect business tax and nontax accruals....................... 15.7 17.0 15.6 15.9 17.3 18.8 19.4 20.1
Social insurance receipts....................................... 21.5 22.2 26.1 33.1 35.5 40.9 45.0 48.3
---------------------------------------------------------------------------------------
Total receipts................................................ 111.1 115.2 126.9 141.0 154.0 183.5 187.6 184.8
=======================================================================================
Expenditures
Consumption expenditures........................................ 63.9 64.3 71.9 84.1 92.9 98.2 100.9 101.9
Defense....................................................... (50.7) (50.1) (56.4) (67.3) (75.7) (79.0) (79.9) (79.3)
Nondefense.................................................... (13.3) (14.2) (15.5) (16.8) (17.1) (19.2) (21.0) (22.6)
Transfer payments............................................... 27.0 27.6 30.7 35.4 40.5 45.9 51.4 63.5
Domestic (``to persons'')..................................... (24.9) (25.5) (28.5) (33.4) (38.6) (44.0) (49.7) (61.4)
Foreign....................................................... (2.1) (2.1) (2.2) (2.0) (1.9) (1.9) (1.7) (2.1)
Grants to State and local governments........................... 6.1 6.8 8.6 10.7 12.8 13.2 17.0 21.4
Net interest paid............................................... 8.1 8.7 9.3 10.2 11.1 12.8 14.7 15.2
Subsidies less current surplus of government enterprises........ 2.7 3.1 3.4 4.8 4.1 4.5 5.2 6.7
Subsidies..................................................... (2.4) (2.8) (3.0) (4.1) (3.6) (4.1) (4.3) (5.0)
Current surplus (-) or deficit................................ (0.2) (0.3) (0.5) (0.7) (0.5) (0.4) (1.0) (1.6)
Wage disbursements less accruals................................ ......... ......... ......... ......... ......... ......... -0.1 0.1
---------------------------------------------------------------------------------------
Total expenditures............................................ 107.8 110.4 123.9 145.2 161.4 174.6 189.2 208.8
=======================================================================================
Surplus or deficit (-), NIPA basis............................ 3.3 4.7 2.9 -4.2 -7.5 8.9 -1.6 -24.1
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
Table 14.1--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS FOR FEDERAL FISCAL YEARS: 1947-2003--Continued
(in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1972 1973 1974 1975 1976 1977 1978 1979
--------------------------------------------------------------------------------------------------------------------------------------------------------
Receipts
Personal tax and nontax receipts................................ 95.1 102.6 117.8 122.9 131.7 158.2 180.8 216.9
Corporate profits tax accruals.................................. 34.4 40.4 43.5 42.4 51.6 59.8 67.5 75.1
Indirect business tax and nontax accruals....................... 20.0 20.9 21.7 22.5 24.6 25.0 27.9 29.9
Social insurance receipts....................................... 54.3 66.2 78.3 85.6 94.0 108.5 124.2 142.8
---------------------------------------------------------------------------------------
Total receipts................................................ 203.8 230.1 261.4 273.4 301.8 351.6 400.4 464.6
=======================================================================================
Expenditures
Consumption expenditures........................................ 107.4 110.9 114.6 127.1 135.0 148.0 161.1 175.6
Defense....................................................... (81.0) (82.3) (84.5) (90.8) (95.8) (103.8) (112.2) (121.7)
Nondefense.................................................... (26.4) (28.6) (30.1) (36.3) (39.2) (44.2) (49.0) (54.0)
Transfer payments............................................... 71.4 81.0 94.3 121.8 141.6 152.6 162.5 179.6
Domestic (``to persons'')..................................... (68.9) (78.7) (91.5) (118.5) (138.7) (149.3) (159.2) (175.7)
Foreign....................................................... (2.5) (2.4) (2.8) (3.2) (2.9) (3.2) (3.3) (3.8)
Grants to State and local governments........................... 27.0 34.2 34.7 40.4 47.8 55.1 63.5 65.9
Net interest paid............................................... 15.7 17.4 21.7 24.1 27.9 31.7 36.7 44.6
Subsidies less current surplus of government enterprises........ 6.3 8.4 7.2 6.9 7.4 8.6 11.0 10.8
Subsidies..................................................... (5.0) (7.0) (5.0) (3.9) (4.3) (5.7) (8.2) (8.8)
Current surplus (-) or deficit................................ (1.3) (1.4) (2.2) (3.0) (3.1) (2.9) (2.7) (2.0)
Wage disbursements less accruals................................ ......... -0.5 0.1 0.3 -0.1 -0.1 -0.1 *
---------------------------------------------------------------------------------------
Total expenditures............................................ 227.7 251.5 272.5 320.6 359.7 395.9 434.7 476.5
=======================================================================================
Surplus or deficit (-), NIPA basis............................ -23.9 -21.4 -11.1 -47.2 -57.9 -44.3 -34.4 -11.9
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 285]]
Table 14.1--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS FOR FEDERAL FISCAL YEARS: 1947-2003--Continued
(in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1980 1981 1982 1983 1984 1985 1986 1987
--------------------------------------------------------------------------------------------------------------------------------------------------------
Receipts
Personal tax and nontax receipts................................ 243.3 281.7 301.0 285.1 294.9 331.6 346.8 390.4
Corporate profits tax accruals.................................. 70.5 68.7 52.2 55.3 75.5 75.5 80.8 99.2
Indirect business tax and nontax accruals....................... 36.2 54.3 51.6 51.9 57.0 58.2 54.1 55.8
Social insurance receipts....................................... 158.9 185.1 202.8 217.1 247.5 271.9 291.5 310.5
---------------------------------------------------------------------------------------
Total receipts................................................ 508.9 589.8 607.6 609.5 675.0 737.2 773.2 855.9
=======================================================================================
Expenditures
Consumption expenditures........................................ 201.3 232.8 258.7 286.5 295.9 330.5 355.1 369.5
Defense....................................................... (139.7) (163.1) (187.8) (207.5) (221.9) (247.9) (268.1) (279.8)
Nondefense.................................................... (61.6) (69.7) (70.9) (79.1) (74.0) (82.5) (87.0) (89.7)
Transfer payments............................................... 212.7 248.0 276.7 309.2 312.1 333.0 351.0 364.9
Domestic (``to persons'')..................................... (208.7) (243.1) (271.1) (303.0) (303.8) (321.6) (338.7) (355.2)
Foreign....................................................... (4.0) (4.9) (5.6) (6.2) (8.3) (11.3) (12.3) (9.7)
Grants to State and local governments........................... 70.9 73.8 68.9 71.1 74.7 79.8 87.5 84.5
Net interest paid............................................... 55.5 72.7 90.3 100.7 119.8 141.3 149.2 155.0
Subsidies less current surplus of government enterprises........ 11.9 14.0 14.4 19.7 26.9 24.7 24.7 28.6
Subsidies..................................................... (8.4) (10.7) (12.3) (16.9) (23.5) (21.8) (23.0) (27.2)
Current surplus (-) or deficit................................ (3.5) (3.3) (2.1) (2.8) (3.4) (2.9) (1.7) (1.4)
Wage disbursements less accruals................................ ......... -0.1 * 0.4 -0.1 0.1 ......... -0.1
---------------------------------------------------------------------------------------
Total expenditures............................................ 552.4 641.3 709.1 787.7 829.3 909.4 967.4 1,002.4
=======================================================================================
Surplus or deficit (-), NIPA basis............................ -43.5 -51.5 -101.5 -178.2 -154.3 -172.2 -194.2 -146.5
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
Table 14.1--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS FOR FEDERAL FISCAL YEARS: 1947-2003--Continued
(in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1988 1989 1990 1991 1992 1993 1994 1995
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Receipts
Personal tax and nontax receipts................................ 398.9 449.8 464.8 465.7 473.9 500.9 541.2 583.7
Corporate profits tax accruals.................................. 107.7 118.8 117.2 111.5 115.6 131.0 152.5 177.8
Indirect business tax and nontax accruals....................... 58.4 61.6 62.2 75.4 80.0 84.1 94.2 93.8
Social insurance receipts....................................... 346.6 370.3 395.1 413.1 434.9 458.4 487.9 515.8
---------------------------------------------------------------------------------------
Total receipts................................................ 911.6 1,000.6 1,039.4 1,065.7 1,104.4 1,174.3 1,275.8 1,371.0
=======================================================================================
Expenditures
Consumption expenditures........................................ 380.5 396.5 413.4 437.5 442.0 444.8 441.6 441.5
Defense....................................................... (292.5) (299.5) (305.7) (321.5) (314.9) (311.1) (304.6) (299.6)
Nondefense.................................................... (87.9) (97.0) (107.7) (116.0) (127.1) (133.7) (137.1) (141.9)
Transfer payments............................................... 382.8 410.2 451.7 448.1 548.4 590.2 614.8 646.6
Domestic (``to persons'')..................................... (372.8) (400.0) (437.3) (478.1) (537.1) (573.4) (599.3) (633.8)
Foreign....................................................... (9.9) (10.3) (14.4) (-29.9) (11.3) (16.8) (15.5) (12.8)
Grants to State and local governments........................... 89.2 96.4 107.7 125.4 145.5 157.7 172.8 184.3
Net interest paid............................................... 168.8 187.6 207.4 218.9 229.7 228.4 234.0 261.9
Subsidies less current surplus of government enterprises........ 29.6 31.2 32.7 26.4 28.4 38.6 32.9 34.3
Subsidies..................................................... (27.3) (29.8) (27.8) (24.0) (27.4) (38.1) (30.9) (34.4)
Current surplus (-) or deficit................................ (2.3) (1.4) (4.9) (2.4) (1.1) (0.5) (2.0) (-0.1)
Wage disbursements less accruals................................ 0.1 ......... -* * ......... ......... ......... .........
---------------------------------------------------------------------------------------
Total expenditures............................................ 1,051.0 1,121.8 1,212.9 1,256.3 1,394.1 1,459.7 1,496.0 1,568.6
=======================================================================================
Surplus or deficit (-), NIPA basis............................ -139.4 -121.2 -173.5 -190.7 -289.7 -285.4 -220.2 -197.5
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 286]]
Table 14.1--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS FOR FEDERAL FISCAL YEARS: 1947-2003--Continued
(in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
2002 2003
1996 1997 1998 1999 2000 2001 estimate estimate
--------------------------------------------------------------------------------------------------------------------------------------------------------
Receipts
Personal tax and nontax receipts................................ 654.7 736.3 822.7 878.4 989.7 1,004.7 938.8 987.1
Corporate profits tax accruals.................................. 187.8 198.6 206.4 211.3 237.2 191.6 168.6 194.7
Indirect business tax and nontax accruals....................... 90.3 97.9 97.3 98.2 109.8 111.6 107.4 111.5
Social insurance receipts....................................... 535.8 566.1 604.2 641.4 695.2 721.1 746.4 786.8
---------------------------------------------------------------------------------------
Total receipts................................................ 1,468.6 1,599.0 1,730.7 1,829.3 2,031.9 2,029.1 1,961.2 2,080.1
=======================================================================================
Expenditures
Consumption expenditures........................................ 435.8 453.8 452.0 464.8 490.2 520.2 577.7 625.2
Defense....................................................... (295.5) (304.0) (300.3) (306.1) (321.4) (336.5) (370.2) (407.4)
Nondefense.................................................... (140.2) (149.8) (151.7) (158.7) (168.7) (183.6) (207.5) (217.9)
Transfer payments............................................... 680.4 711.0 727.9 741.6 770.2 827.8 926.3 933.7
Domestic (``to persons'')..................................... (668.6) (699.9) (716.9) (730.6) (756.4) (817.2) (911.9) (921.1)
Foreign....................................................... (11.9) (11.2) (11.0) (10.9) (13.8) (10.6) (14.4) (12.5)
Grants to State and local governments........................... 188.4 191.9 207.2 225.2 242.9 268.8 302.1 333.4
Net interest paid............................................... 272.6 275.4 278.3 267.2 263.0 250.5 221.7 226.3
Subsidies less current surplus of government enterprises........ 34.4 30.8 31.8 69.1 104.8 56.5 45.7 39.6
Subsidies..................................................... (32.6) (31.1) (33.7) (36.0) (49.5) (N/A) (N/A) (N/A)
Current surplus (-) or deficit................................ (1.8) (-0.3) (-1.8) (-1.5) (2.9) (N/A) (N/A) (N/A)
---------------------------------------------------------------------------------------
Total expenditures............................................ 1,611.6 1,663.0 1,697.1 1,767.8 1,871.0 1,923.8 2,073.5 2,158.2
=======================================================================================
Surplus or deficit (-), NIPA basis............................ -143.0 -64.0 33.5 61.5 160.9 105.3 -112.4 -78.1
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N/A: Not available.
* $50 million or less.