[Historical Tables]
[Section 14 - Federal Sector Transactions in the National Income and Product Accounts]
[Table 14.2 - Federal Transactions in the National Income and Product Accounts as Percentages of GDP for Federal Fiscal Years: 1947-2007]
[From the U.S. Government Printing Office, www.gpo.gov]
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1948-2007
--------------------------------------------------------------------------------------------------------------------------------------------------------
1948 1949 1950 1951 1952 1953 1954 1955 1956
--------------------------------------------------------------------------------------------------------------------------------------------------------
Current Receipts
Current tax receipts................................. 14.8 12.6 13.0 16.7 16.3 16.3 15.1 14.6 15.1
Personal current taxes............................. (7.4) (5.7) (5.8) (7.0) (8.0) (8.2) (7.8) (7.3) (7.6)
Taxes on production and imports.................... (3.0) (2.9) (2.9) (2.9) (2.7) (2.8) (2.7) (2.5) (2.5)
Taxes on corporate income.......................... (4.4) (4.0) (4.3) (6.8) (5.6) (5.3) (4.6) (4.8) (5.0)
Contributions for gov. social insurance.............. 1.8 1.7 1.8 1.9 1.9 1.8 2.0 2.1 2.2
Current transfer receipts............................ 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
--------------------------------------------------------------------------------------------------
Total current receipts............................. 16.8 14.4 14.9 18.6 18.3 18.2 17.1 16.8 17.4
==================================================================================================
Current Expenditures
Consumption expenditures............................. 7.8 8.6 8.2 8.2 11.4 12.8 12.3 10.8 10.6
Defense............................................ (6.4) (6.3) (5.9) (7.1) (10.1) (11.1) (10.5) (9.1) (8.9)
Nondefense......................................... (1.4) (2.3) (2.3) (1.2) (1.3) (1.7) (1.8) (1.7) (1.7)
Current Transfer payments............................ 4.9 5.3 6.3 3.9 3.6 3.5 3.6 4.0 3.8
Government social benefits......................... (3.2) (2.8) (3.9) (2.3) (2.3) (2.3) (2.6) (2.9) (2.8)
Grants to State and local governments.............. (0.6) (0.7) (0.7) (0.6) (0.6) (0.6) (0.6) (0.6) (0.6)
Other transfers to the rest of the world........... (1.0) (1.8) (1.6) (1.0) (0.8) (0.6) (0.5) (0.5) (0.4)
Interest payments.................................... 1.6 1.6 1.6 1.4 1.3 1.3 1.3 1.2 1.2
Subsidies............................................ 0.2 0.3 0.3 0.4 0.3 0.2 0.2 0.2 0.2
Wage disbursements less accruals..................... ......... ......... ......... -* -* * * -* *
--------------------------------------------------------------------------------------------------
Total current expenditures......................... 14.4 15.7 16.3 14.0 16.7 17.7 17.4 16.1 15.7
==================================================================================================
Net Federal Government Saving...................... 2.3 -1.3 -1.4 4.7 1.6 0.5 -0.3 0.6 1.7
Addendum: Total Receipts and Expenditures
Current receipts..................................... N/A N/A N/A N/A N/A N/A N/A N/A N/A
Capital transfer receipts............................ N/A N/A N/A N/A N/A N/A N/A N/A N/A
--------------------------------------------------------------------------------------------------
Total receipts..................................... N/A N/A N/A N/A N/A N/A N/A N/A N/A
--------------------------------------------------------------------------------------------------
Current expenditures................................. N/A N/A N/A N/A N/A N/A N/A N/A N/A
Net investment:
Gross government investment........................ N/A N/A N/A N/A N/A N/A N/A N/A N/A
Defense.......................................... (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A)
Nondefense....................................... (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A)
Less: Consumption of fixed capital................. N/A N/A N/A N/A N/A N/A N/A N/A N/A
Defense.......................................... (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A)
Nondefense....................................... (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A)
Capital transfer payments............................ N/A N/A N/A N/A N/A N/A N/A N/A N/A
Net purchases of nonproduced assets.................. N/A N/A N/A N/A N/A N/A N/A N/A N/A
--------------------------------------------------------------------------------------------------
Total expenditures................................. N/A N/A N/A N/A N/A N/A N/A N/A N/A
==================================================================================================
Net Lending or Borrowing (-)....................... N/A N/A N/A N/A N/A N/A N/A N/A N/A
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 302]]
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1948-2007--Continued
--------------------------------------------------------------------------------------------------------------------------------------------------------
1957 1958 1959 1960 1961 1962 1963 1964 1965
--------------------------------------------------------------------------------------------------------------------------------------------------------
Current Receipts
Current tax receipts................................. 15.0 13.9 14.2 14.7 14.1 14.4 14.2 13.9 13.4
Personal current taxes............................. (7.8) (7.6) (7.5) (7.9) (7.9) (8.0) (7.9) (7.5) (7.1)
Taxes on production and imports.................... (2.5) (2.5) (2.4) (2.5) (2.4) (2.4) (2.4) (2.4) (2.3)
Taxes on corporate income.......................... (4.6) (3.9) (4.4) (4.3) (3.8) (4.0) (3.9) (4.0) (4.0)
Other taxes from the rest of the world............. ......... ......... (*) (*) (*) (*) (*) (*) (*)
Contributions for gov. social insurance.............. 2.3 2.4 2.5 2.9 3.1 3.2 3.4 3.4 3.2
Income receipts on assets............................ ......... ......... * 0.1 0.3 0.3 0.3 0.3 0.3
Current transfer receipts............................ 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Current surplus of government enterprises............ ......... ......... -* -* -0.1 -0.1 -0.1 -* -*
--------------------------------------------------------------------------------------------------
Total current receipts............................. 17.4 16.4 16.8 17.8 17.4 17.9 17.9 17.6 17.0
==================================================================================================
Current Expenditures
Consumption expenditures............................. 10.4 10.9 10.3 9.6 9.7 9.6 9.8 9.8 9.1
Defense............................................ (9.1) (9.5) (8.5) (7.8) (8.0) (7.9) (7.8) (7.7) (7.0)
Nondefense......................................... (1.4) (1.4) (1.8) (1.8) (1.7) (1.7) (2.0) (2.1) (2.1)
Current Transfer payments............................ 4.0 4.6 5.1 5.2 5.6 5.6 5.6 5.4 5.3
Government social benefits......................... (3.0) (3.6) (3.7) (3.7) (4.2) (4.1) (4.1) (3.9) (3.8)
Grants to State and local governments.............. (0.6) (0.7) (0.7) (0.8) (0.8) (0.8) (0.9) (1.0) (1.0)
Other transfers to the rest of the world........... (0.4) (0.4) (0.6) (0.7) (0.7) (0.6) (0.6) (0.5) (0.5)
Interest payments.................................... 1.2 1.2 1.2 1.5 1.5 1.4 1.5 1.5 1.5
Subsidies............................................ 0.4 0.3 0.3 0.2 0.3 0.4 0.4 0.4 0.4
Wage disbursements less accruals..................... ......... -0.1 0.1 ......... ......... ......... ......... ......... .........
--------------------------------------------------------------------------------------------------
Total current expenditures......................... 16.0 17.0 16.9 16.4 17.1 17.0 17.3 17.1 16.3
==================================================================================================
Net Federal Government Saving...................... 1.4 -0.6 -0.1 1.4 0.4 0.9 0.7 0.5 0.7
Addendum: Total Receipts and Expenditures
Current receipts..................................... N/A N/A N/A 17.8 17.4 17.9 17.9 17.6 17.0
Capital transfer receipts............................ N/A N/A N/A 0.3 0.4 0.4 0.4 0.4 0.4
--------------------------------------------------------------------------------------------------
Total receipts..................................... N/A N/A N/A 18.1 17.8 18.2 18.3 18.0 17.4
--------------------------------------------------------------------------------------------------
Current expenditures................................. N/A N/A N/A 16.4 17.1 17.0 17.3 17.1 16.3
Net investment:
Gross government investment........................ N/A N/A N/A 2.8 2.9 3.0 2.8 2.5 2.2
Defense.......................................... (N/A) (N/A) (N/A) (2.5) (2.5) (2.5) (2.3) (1.9) (1.6)
Nondefense....................................... (N/A) (N/A) (N/A) (0.3) (0.4) (0.5) (0.5) (0.6) (0.6)
Less: Consumption of fixed capital................. N/A N/A N/A -2.0 -2.0 -2.0 -2.0 -1.9 -1.8
Defense.......................................... (N/A) (N/A) (N/A) (-1.9) (-1.9) (-1.8) (-1.8) (-1.7) (-1.6)
Nondefense....................................... (N/A) (N/A) (N/A) (-0.2) (-0.2) (-0.2) (-0.2) (-0.2) (-0.2)
Capital transfer payments............................ N/A N/A N/A 0.6 0.5 0.5 0.5 0.6 0.6
Net purchases of nonproduced assets.................. N/A N/A N/A 0.1 0.1 0.1 0.1 0.1 0.1
--------------------------------------------------------------------------------------------------
Total expenditures................................. N/A N/A N/A 17.9 18.5 18.7 18.7 18.4 17.3
==================================================================================================
Net Lending or Borrowing (-)....................... N/A N/A N/A 0.2 -0.7 -0.4 -0.4 -0.4 0.1
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 303]]
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1948-2007--Continued
--------------------------------------------------------------------------------------------------------------------------------------------------------
1966 1967 1968 1969 1970 1971 1972 1973 1974
--------------------------------------------------------------------------------------------------------------------------------------------------------
Current Receipts
Current tax receipts................................. 13.3 13.2 13.6 14.9 14.0 12.5 12.6 12.4 12.6
Personal current taxes............................. (7.2) (7.6) (7.9) (9.2) (8.9) (7.8) (8.1) (7.8) (8.2)
Taxes on production and imports.................... (1.9) (1.8) (1.9) (1.9) (1.8) (1.7) (1.6) (1.5) (1.4)
Taxes on corporate income.......................... (4.1) (3.8) (3.8) (3.9) (3.3) (3.0) (2.9) (3.1) (3.0)
Other taxes from the rest of the world............. (*) (*) (*) (*) (*) (*) (*) (*) (*)
Contributions for gov. social insurance.............. 3.5 4.1 4.1 4.3 4.4 4.5 4.6 5.1 5.4
Income receipts on assets............................ 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Current transfer receipts............................ 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Current surplus of government enterprises............ -0.1 -0.1 -0.1 -* -0.1 -0.2 -0.1 -0.1 -0.2
--------------------------------------------------------------------------------------------------
Total current receipts............................. 17.1 17.6 18.0 19.6 18.7 17.3 17.5 17.8 18.3
==================================================================================================
Current Expenditures
Consumption expenditures............................. 9.4 10.2 10.6 10.2 9.8 9.3 9.0 8.3 7.8
Defense............................................ (7.3) (8.1) (8.6) (8.1) (7.7) (7.2) (6.7) (6.0) (5.7)
Nondefense......................................... (2.1) (2.1) (2.0) (2.1) (2.1) (2.1) (2.3) (2.2) (2.1)
Current Transfer payments............................ 5.5 6.0 6.5 6.5 7.1 8.2 8.7 9.2 9.2
Government social benefits......................... (3.8) (4.2) (4.5) (4.7) (5.0) (5.7) (5.9) (6.1) (6.4)
Grants to State and local governments.............. (1.1) (1.3) (1.5) (1.4) (1.7) (2.0) (2.3) (2.6) (2.4)
Other transfers to the rest of the world........... (0.5) (0.5) (0.4) (0.5) (0.4) (0.5) (0.5) (0.5) (0.4)
Interest payments.................................... 1.5 1.5 1.6 1.6 1.7 1.6 1.6 1.6 1.7
Subsidies............................................ 0.4 0.5 0.4 0.4 0.4 0.5 0.4 0.5 0.3
Wage disbursements less accruals..................... ......... ......... ......... ......... -* * ......... -* *
--------------------------------------------------------------------------------------------------
Total current expenditures......................... 16.7 18.2 19.0 18.8 19.0 19.6 19.7 19.5 19.0
==================================================================================================
Net Federal Government Saving...................... 0.4 -0.6 -1.0 0.9 -0.3 -2.4 -2.2 -1.7 -0.8
Addendum: Total Receipts and Expenditures
Current receipts..................................... 17.1 17.6 18.0 19.6 18.7 17.3 17.5 17.8 18.3
Capital transfer receipts............................ 0.4 0.4 0.4 0.4 0.4 0.3 0.5 0.4 0.3
--------------------------------------------------------------------------------------------------
Total receipts..................................... 17.5 17.9 18.4 20.0 19.1 17.6 18.0 18.2 18.6
--------------------------------------------------------------------------------------------------
Current expenditures................................. 16.7 18.2 19.0 18.8 19.0 19.6 19.7 19.5 19.0
Net investment:
Gross government investment........................ 2.0 2.2 2.0 1.6 1.4 1.2 1.0 1.0 1.0
Defense.......................................... (1.4) (1.6) (1.5) (1.3) (1.1) (0.9) (0.6) (0.6) (0.6)
Nondefense....................................... (0.6) (0.6) (0.5) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4)
Less: Consumption of fixed capital................. -1.7 -1.7 -1.7 -1.6 -1.6 -1.5 -1.4 -1.3 -1.2
Defense.......................................... (-1.5) (-1.5) (-1.4) (-1.4) (-1.3) (-1.3) (-1.2) (-1.1) (-1.0)
Nondefense....................................... (-0.2) (-0.2) (-0.2) (-0.2) (-0.2) (-0.2) (-0.2) (-0.2) (-0.2)
Capital transfer payments............................ 0.6 0.5 0.6 0.6 0.6 0.5 0.5 0.5 0.5
Net purchases of nonproduced assets.................. 0.1 -* -0.1 -* -* -0.1 * -0.2 -0.4
--------------------------------------------------------------------------------------------------
Total expenditures................................. 17.7 19.1 19.9 19.4 19.4 19.8 19.8 19.5 18.9
==================================================================================================
Net Lending or Borrowing (-)....................... -0.2 -1.2 -1.5 0.5 -0.3 -2.2 -1.9 -1.3 -0.3
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 304]]
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1948-2007--Continued
--------------------------------------------------------------------------------------------------------------------------------------------------------
1975 1976 1977 1978 1979 1980 1981 1982 1983
--------------------------------------------------------------------------------------------------------------------------------------------------------
Current Receipts
Current tax receipts................................. 11.9 11.9 12.2 12.3 12.8 12.7 13.1 12.3 11.2
Personal current taxes............................. (7.9) (7.6) (8.0) (8.1) (8.7) (8.9) (9.2) (9.3) (8.3)
Taxes on production and imports.................... (1.3) (1.3) (1.1) (1.1) (1.0) (1.1) (1.6) (1.3) (1.3)
Taxes on corporate income.......................... (2.7) (3.0) (3.0) (3.0) (3.0) (2.6) (2.2) (1.6) (1.6)
Other taxes from the rest of the world............. (*) (*) (*) (*) (*) (0.1) (0.1) (*) (*)
Contributions for gov. social insurance.............. 5.5 5.4 5.5 5.6 5.7 5.8 6.1 6.3 6.3
Income receipts on assets............................ 0.3 0.3 0.3 0.4 0.4 0.5 0.6 0.7 0.7
Current transfer receipts............................ 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2
Current surplus of government enterprises............ -0.2 -0.2 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1
--------------------------------------------------------------------------------------------------
Total current receipts............................. 17.6 17.5 18.0 18.3 18.9 19.0 19.7 19.3 18.2
==================================================================================================
Current Expenditures
Consumption expenditures............................. 8.0 7.7 7.5 7.2 7.0 7.3 7.6 8.0 8.3
Defense............................................ (5.6) (5.4) (5.2) (5.0) (4.8) (5.1) (5.3) (5.8) (6.0)
Nondefense......................................... (2.4) (2.3) (2.3) (2.2) (2.2) (2.3) (2.3) (2.2) (2.3)
Current Transfer payments............................ 10.6 11.0 10.6 10.3 9.9 10.5 10.6 10.8 11.1
Government social benefits......................... (7.6) (8.0) (7.6) (7.2) (7.1) (7.7) (8.0) (8.4) (8.9)
Grants to State and local governments.............. (2.6) (2.8) (2.8) (2.9) (2.6) (2.6) (2.4) (2.1) (2.1)
Other transfers to the rest of the world........... (0.4) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2)
Interest payments.................................... 1.7 1.8 1.8 1.9 2.1 2.4 2.8 3.3 3.5
Subsidies............................................ 0.2 0.3 0.3 0.4 0.4 0.3 0.4 0.4 0.5
Wage disbursements less accruals..................... * -* -* -* * ......... -* * *
--------------------------------------------------------------------------------------------------
Total current expenditures......................... 20.6 20.8 20.2 19.8 19.4 20.6 21.4 22.5 23.4
==================================================================================================
Net Federal Government Saving...................... -3.0 -3.3 -2.2 -1.5 -0.5 -1.6 -1.7 -3.1 -5.2
Addendum: Total Receipts and Expenditures
Current receipts..................................... 17.6 17.5 18.0 18.3 18.9 19.0 19.7 19.3 18.2
Capital transfer receipts............................ 0.3 0.3 0.4 0.2 0.2 0.2 0.2 0.2 0.2
--------------------------------------------------------------------------------------------------
Total receipts..................................... 17.9 17.8 18.4 18.5 19.1 19.2 19.9 19.6 18.4
--------------------------------------------------------------------------------------------------
Current expenditures................................. 20.6 20.8 20.2 19.8 19.4 20.6 21.4 22.5 23.4
Net investment:
Gross government investment........................ 1.1 1.2 1.2 1.2 1.2 1.3 1.3 1.4 1.6
Defense.......................................... (0.7) (0.9) (0.9) (0.8) (0.8) (0.9) (0.9) (1.0) (1.2)
Nondefense....................................... (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4)
Less: Consumption of fixed capital................. -1.2 -1.2 -1.1 -1.1 -1.1 -1.1 -1.1 -1.1 -1.2
Defense.......................................... (-1.0) (-0.9) (-0.9) (-0.9) (-0.8) (-0.8) (-0.8) (-0.9) (-0.9)
Nondefense....................................... (-0.2) (-0.2) (-0.2) (-0.2) (-0.2) (-0.2) (-0.2) (-0.3) (-0.3)
Capital transfer payments............................ 0.5 0.6 0.6 0.5 0.5 0.6 0.5 0.5 0.4
Net purchases of nonproduced assets.................. -0.1 -0.1 -0.1 -* -0.1 -0.1 -0.2 -0.1 -0.2
--------------------------------------------------------------------------------------------------
Total expenditures................................. 21.0 21.3 20.8 20.3 20.0 21.3 21.9 23.1 24.0
==================================================================================================
Net Lending or Borrowing (-)....................... -3.1 -3.5 -2.4 -1.8 -0.9 -2.1 -2.0 -3.6 -5.6
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 305]]
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1948-2007--Continued
--------------------------------------------------------------------------------------------------------------------------------------------------------
1984 1985 1986 1987 1988 1989 1990 1991
--------------------------------------------------------------------------------------------------------------------------------------------------------
Current Receipts
Current tax receipts............................................ 10.9 11.0 10.7 11.5 11.1 11.5 11.0 10.7
Personal current taxes........................................ (7.7) (8.0) (7.8) (8.4) (7.9) (8.3) (8.0) (7.8)
Taxes on production and imports............................... (1.2) (1.1) (1.0) (1.0) (1.0) (0.9) (0.9) (1.0)
Taxes on corporate income..................................... (2.0) (1.8) (1.8) (2.1) (2.2) (2.2) (2.0) (1.9)
Other taxes from the rest of the world........................ (*) (*) (*) (*) (*) (*) (*) (*)
Contributions for gov. social insurance......................... 6.4 6.6 6.6 6.7 6.9 6.9 6.9 7.0
Income receipts on assets....................................... 0.7 0.7 0.7 0.6 0.6 0.5 0.5 0.6
Current transfer receipts....................................... 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3
Current surplus of government enterprises....................... -0.1 -0.1 -* -* -* -* -0.1 -*
---------------------------------------------------------------------------------------
Total current receipts........................................ 18.1 18.4 18.2 19.0 18.8 19.1 18.5 18.5
=======================================================================================
Current Expenditures
Consumption expenditures........................................ 7.7 8.0 8.0 7.9 7.6 7.3 7.2 7.4
Defense....................................................... (5.7) (6.0) (6.0) (6.0) (5.8) (5.5) (5.3) (5.4)
Nondefense.................................................... (1.9) (2.0) (2.0) (2.0) (1.8) (1.8) (1.9) (2.0)
Current Transfer payments....................................... 10.2 10.0 10.0 9.7 9.5 9.5 9.8 9.7
Government social benefits.................................... (8.0) (7.8) (7.7) (7.7) (7.5) (7.5) (7.6) (8.1)
Grants to State and local governments......................... (1.9) (1.9) (2.0) (1.8) (1.8) (1.8) (1.9) (2.1)
Other transfers to the rest of the world...................... (0.2) (0.3) (0.3) (0.2) (0.2) (0.2) (0.2) (-0.5)
Interest payments............................................... 3.7 4.0 4.0 3.9 3.9 4.0 4.0 4.2
Subsidies....................................................... 0.6 0.5 0.5 0.6 0.5 0.5 0.5 0.4
Wage disbursements less accruals................................ -* * ......... -* * ......... -* *
---------------------------------------------------------------------------------------
Total current expenditures.................................... 22.1 22.5 22.5 22.1 21.5 21.3 21.5 21.7
=======================================================================================
Net Federal Government Saving................................. -4.0 -4.1 -4.4 -3.1 -2.7 -2.3 -3.0 -3.2
Addendum: Total Receipts and Expenditures
Current receipts................................................ 18.1 18.4 18.2 19.0 18.8 19.1 18.5 18.5
Capital transfer receipts....................................... 0.2 0.2 0.2 0.2 0.1 0.2 0.2 0.2
---------------------------------------------------------------------------------------
Total receipts................................................ 18.3 18.5 18.3 19.2 18.9 19.2 18.7 18.7
---------------------------------------------------------------------------------------
Current expenditures............................................ 22.1 22.5 22.5 22.1 21.5 21.3 21.5 21.7
Net investment:
Gross government investment................................... 1.6 1.7 1.8 1.8 1.6 1.5 1.5 1.5
Defense..................................................... (1.2) (1.3) (1.4) (1.4) (1.2) (1.2) (1.1) (1.1)
Nondefense.................................................. (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4)
Less: Consumption of fixed capital............................ -1.1 -1.1 -1.1 -1.2 -1.2 -1.2 -1.2 -1.2
Defense..................................................... (-0.9) (-0.9) (-0.9) (-0.9) (-0.9) (-0.9) (-0.9) (-0.9)
Nondefense.................................................. (-0.2) (-0.3) (-0.3) (-0.3) (-0.3) (-0.3) (-0.3) (-0.3)
Capital transfer payments....................................... 0.4 0.5 0.5 0.4 0.4 0.4 0.4 0.4
Net purchases of nonproduced assets............................. -0.1 -* -* -* -* -* -* *
---------------------------------------------------------------------------------------
Total expenditures............................................ 22.9 23.5 23.6 23.2 22.3 22.0 22.2 22.4
=======================================================================================
Net Lending or Borrowing (-).................................. -4.7 -5.0 -5.3 -4.0 -3.4 -2.8 -3.5 -3.7
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 306]]
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1948-2007--Continued
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1992 1993 1994 1995 1996 1997 1998 1999
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Current Receipts
Current tax receipts............................................ 10.4 10.6 11.0 11.4 11.9 12.3 12.8 12.8
Personal current taxes........................................ (7.5) (7.6) (7.7) (7.9) (8.4) (8.9) (9.4) (9.5)
Taxes on production and imports............................... (1.0) (1.0) (1.1) (1.1) (0.9) (0.9) (0.9) (0.9)
Taxes on corporate income..................................... (1.9) (2.0) (2.2) (2.4) (2.4) (2.4) (2.4) (2.3)
Other taxes from the rest of the world........................ (*) (*) (*) (0.1) (0.1) (0.1) (0.1) (0.1)
Contributions for gov. social insurance......................... 7.0 7.0 7.0 7.0 7.0 6.9 7.0 7.0
Income receipts on assets....................................... 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.2
Current transfer receipts....................................... 0.3 0.3 0.3 0.3 0.2 0.3 0.2 0.2
Current surplus of government enterprises....................... -* -* -* * -* * -* *
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Total current receipts........................................ 18.1 18.3 18.7 19.1 19.4 19.9 20.3 20.3
=======================================================================================
Current Expenditures
Consumption expenditures........................................ 7.1 6.8 6.3 6.0 5.7 5.6 5.2 5.1
Defense....................................................... (5.0) (4.7) (4.4) (4.1) (3.8) (3.7) (3.5) (3.4)
Nondefense.................................................... (2.1) (2.1) (2.0) (2.0) (1.8) (1.8) (1.8) (1.8)
Current Transfer payments....................................... 11.2 11.4 11.4 11.4 11.3 11.1 10.9 10.7
Government social benefits.................................... (8.7) (8.7) (8.7) (8.7) (8.7) (8.6) (8.3) (8.0)
Grants to State and local governments......................... (2.3) (2.4) (2.5) (2.5) (2.5) (2.4) (2.4) (2.5)
Other transfers to the rest of the world...................... (0.2) (0.3) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2)
Interest payments............................................... 4.0 3.8 3.7 3.9 3.8 3.7 3.5 3.1
Subsidies....................................................... 0.4 0.6 0.4 0.5 0.4 0.4 0.4 0.4
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Total current expenditures.................................... 22.7 22.6 21.8 21.8 21.3 20.7 20.0 19.4
=======================================================================================
Net Federal Government Saving................................. -4.6 -4.3 -3.1 -2.8 -1.9 -0.8 0.3 0.9
Addendum: Total Receipts and Expenditures
Current receipts................................................ 18.1 18.3 18.7 19.1 19.4 19.9 20.3 20.3
Capital transfer receipts....................................... 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3
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Total receipts................................................ 18.3 18.5 18.9 19.3 19.6 20.1 20.6 20.6
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Current expenditures............................................ 22.7 22.6 21.8 21.8 21.3 20.7 20.0 19.4
Net investment:
Gross government investment................................... 1.4 1.3 1.1 1.1 1.1 0.9 0.9 0.9
Defense..................................................... (1.0) (0.9) (0.8) (0.7) (0.7) (0.5) (0.5) (0.5)
Nondefense.................................................. (0.4) (0.4) (0.4) (0.4) (0.4) (0.3) (0.3) (0.4)
Less: Consumption of fixed capital............................ -1.2 -1.2 -1.1 -1.1 -1.1 -1.0 -1.0 -0.9
Defense..................................................... (-0.9) (-0.9) (-0.9) (-0.8) (-0.8) (-0.7) (-0.7) (-0.7)
Nondefense.................................................. (-0.3) (-0.3) (-0.3) (-0.3) (-0.3) (-0.3) (-0.3) (-0.3)
Capital transfer payments....................................... 0.3 0.4 0.4 0.4 0.4 0.4 0.3 0.3
Net purchases of nonproduced assets............................. * * * -0.1 -* -0.1 -0.1 -*
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Total expenditures............................................ 23.3 23.1 22.2 22.1 21.6 20.8 20.2 19.6
=======================================================================================
Net Lending or Borrowing (-).................................. -5.0 -4.6 -3.3 -2.8 -2.0 -0.7 0.4 0.9
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See footnotes at end of table.
[[Page 307]]
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1948-2007--Continued
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2006 2007
2000 2001 2002 2003 2004 2005 estimate estimate
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Current Receipts
Current tax receipts............................................ 13.4 12.6 10.5 9.8 9.4 10.8 10.9 11.0
Personal current taxes........................................ (10.2) (9.9) (8.2) (7.2) (6.7) (7.5) (7.6) (8.0)
Taxes on production and imports............................... (0.9) (0.9) (0.8) (0.8) (0.8) (0.8) (0.8) (0.8)
Taxes on corporate income..................................... (2.3) (1.8) (1.4) (1.6) (1.8) (2.4) (2.4) (2.2)
Other taxes from the rest of the world........................ (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1)
Contributions for gov. social insurance......................... 7.1 7.1 7.0 7.0 6.9 6.8 6.9 6.9
Income receipts on assets....................................... 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2
Current transfer receipts....................................... 0.3 0.3 0.2 0.2 0.2 0.1 0.3 0.3
Current surplus of government enterprises....................... -* -0.1 -* * * -* -* -*
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Total current receipts........................................ 21.0 20.2 18.0 17.2 16.8 17.8 18.2 18.3
=======================================================================================
Current Expenditures
Consumption expenditures........................................ 5.1 5.2 5.5 6.0 6.1 6.3 6.4 6.1
Defense....................................................... (3.3) (3.3) (3.5) (3.9) (4.1) (4.2) (4.2) (4.0)
Nondefense.................................................... (1.8) (1.8) (2.0) (2.1) (2.0) (2.1) (2.2) (2.1)
Current Transfer payments....................................... 10.5 11.0 11.7 12.1 11.9 11.9 12.1 12.2
Government social benefits.................................... (7.9) (8.2) (8.7) (8.8) (8.7) (8.7) (9.0) (9.3)
Grants to State and local governments......................... (2.5) (2.7) (2.9) (3.1) (3.0) (2.9) (2.9) (2.7)
Other transfers to the rest of the world...................... (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.3) (0.2)
Interest payments............................................... 2.9 2.7 2.3 2.0 1.9 2.0 2.2 2.3
Subsidies....................................................... 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4
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Total current expenditures.................................... 19.1 19.4 19.9 20.5 20.3 20.6 21.1 21.0
=======================================================================================
Net Federal Government Saving................................. 1.9 0.8 -1.9 -3.3 -3.6 -2.7 -2.9 -2.7
Addendum: Total Receipts and Expenditures
Current receipts................................................ 21.0 20.2 18.0 17.2 16.8 17.8 18.2 18.3
Capital transfer receipts....................................... 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2
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Total receipts................................................ 21.3 20.4 18.2 17.4 17.0 18.0 18.4 18.5
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Current expenditures............................................ 19.1 19.4 19.9 20.5 20.3 20.6 21.1 21.0
Net investment:
Gross government investment................................... 0.8 0.8 0.8 0.9 0.9 0.8 0.9 0.8
Defense..................................................... (0.5) (0.5) (0.5) (0.5) (0.6) (0.6) (0.6) (0.5)
Nondefense.................................................. (0.3) (0.3) (0.3) (0.3) (0.3) (0.3) (0.3) (0.3)
Less: Consumption of fixed capital............................ -0.9 -0.9 -0.9 -0.8 -0.8 -0.8 -0.8 -0.8
Defense..................................................... (-0.6) (-0.6) (-0.6) (-0.6) (-0.5) (-0.5) (-0.5) (-0.5)
Nondefense.................................................. (-0.3) (-0.3) (-0.3) (-0.3) (-0.3) (-0.2) (-0.2) (-0.3)
Capital transfer payments....................................... 0.4 0.4 0.4 0.6 0.5 0.5 0.5 0.5
Net purchases of nonproduced assets............................. -* -* * * * * * -0.1
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Total expenditures............................................ 19.4 19.7 20.3 21.1 20.9 21.1 21.7 21.4
=======================================================================================
Net Lending or Borrowing (-).................................. 1.9 0.7 -2.1 -3.7 -4.0 -3.1 -3.3 -3.0
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* 0.05 percent or less.