[Economic Indicators May, 2008]
[Page Number 34]
[From the U.S. Government Publishing Office, www.gpo.gov]
FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS
In the first quarter of 2008, according to current estimates, Federal
current receipts fell $16.7 billion (annual rate); while Federal current
expenditures rose $76.7 billion.
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[Billions of dollars; quarterly data at seasonally adjusted annual rates]
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Federal Government current receipts Federal Government current expenditures
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Current tax receipts Contri-
---------------------------------------- butions Con- Net
for Income Current sump- Cur- rent Federal
Period Per- Taxes on Taxes on govern- receipts Current surplus of tion trans- Inter- Subsi- Govern-
Total sonal produc- corpo- ment on transfer government Total \2\ expen- fer pay- est pay- dies ment
Total \1\ cur- tion and rate social assets receipts enterprises di- ments ments saving
rent imports income insur- tures
taxes ance
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Calendar year:
1998........................... 1,773.8 1,116.8 825.8 81.1 204.2 613.8 21.5 21.5 0.1 1,734.9 454.6 946.5 298.8 35.0 38.8
1999........................... 1,891.2 1,195.7 893.0 83.9 213.0 651.6 21.5 22.7 -.3 1,787.6 475.1 986.1 282.7 43.8 103.6
2000........................... 2,053.8 1,313.6 999.1 87.8 219.4 691.7 25.2 25.7 -2.3 1,864.4 499.3 1,038.1 283.3 43.8 189.5
2001........................... 2,016.2 1,252.2 994.5 85.8 164.7 717.5 24.9 27.1 -5.5 1,969.5 531.9 1,131.4 258.6 47.6 46.7
2002........................... 1,853.2 1,075.5 830.5 87.3 150.5 734.3 20.2 24.8 -1.6 2,101.1 591.5 1,243.0 229.1 37.5 -247.9
2003 .......................... 1,879.9 1,070.8 774.5 89.7 197.8 758.9 22.9 25.0 2.3 2,252.1 662.7 1,328.7 212.9 47.8 -372.1
2004 .......................... 2,008.9 1,152.3 797.4 94.6 250.3 805.2 23.8 28.8 -1.2 2,379.5 723.7 1,390.6 221.0 44.2 -370.6
2005 .......................... 2,243.4 1,362.7 932.4 99.0 319.8 849.3 24.5 11.6 -4.8 2,561.6 768.5 1,479.1 255.9 58.2 -318.3
2006 .......................... 2,495.8 1,537.5 1,053.2 98.6 373.1 901.6 24.7 35.2 -3.2 2,715.8 812.8 1,576.1 277.5 49.4 -220.0
2007 r......................... 2,673.5 1,657.4 1,163.3 99.9 380.8 953.9 25.1 39.4 -2.3 2,892.0 856.0 1,686.8 302.4 46.7 -218.5
2004:III ........................ 2,023.5 1,159.4 809.6 95.1 246.4 812.1 23.9 29.4 -1.4 2,385.4 734.6 1,382.5 224.4 43.9 -361.9
IV ........................ 2,082.8 1,209.9 826.6 95.3 275.3 820.9 24.2 29.9 -2.1 2,418.2 729.6 1,413.7 227.8 47.2 -335.4
2005:I .......................... 2,209.2 1,321.4 897.1 96.5 316.4 836.0 24.6 30.5 -3.3 2,507.2 759.1 1,460.6 233.5 54.0 -298.0
II ........................ 2,247.5 1,351.7 920.4 100.7 320.9 842.6 25.5 32.0 -4.2 2,535.0 761.7 1,462.0 253.6 57.7 -287.5
III ....................... 2,188.5 1,362.3 946.1 99.8 303.5 856.1 24.3 -48.2 -6.0 2,582.9 784.1 1,483.7 255.8 59.2 -394.3
IV ........................ 2,328.3 1,415.2 966.1 98.8 338.3 862.6 23.8 32.2 -5.6 2,621.4 769.0 1,510.1 280.5 61.8 -293.2
2006:I .......................... 2,436.5 1,488.0 1,022.7 98.7 356.4 892.8 24.2 33.8 -2.3 2,656.2 804.8 1,539.5 259.0 52.8 -219.6
II ........................ 2,471.5 1,521.1 1,032.9 99.0 378.6 894.1 24.6 34.6 -2.9 2,711.4 806.6 1,571.1 284.4 49.3 -239.9
III ....................... 2,513.1 1,555.3 1,057.4 99.3 387.1 900.9 24.8 35.5 -3.3 2,752.3 813.3 1,594.3 296.7 47.9 -239.2
IV ........................ 2,561.9 1,585.4 1,099.8 97.2 370.1 918.8 25.4 36.7 -4.3 2,743.4 826.4 1,599.6 270.0 47.4 -181.5
2007:I .......................... 2,619.7 1,619.0 1,138.8 97.9 370.3 944.0 24.6 38.1 -6.1 2,838.2 829.8 1,665.6 296.3 46.6 -218.5
II ........................ 2,670.1 1,663.2 1,151.7 98.3 401.3 946.3 25.1 38.5 -3.0 2,876.9 849.8 1,670.9 309.4 46.9 -206.8
III ....................... 2,689.4 1,667.2 1,170.7 101.4 382.5 957.3 25.3 39.4 .2 2,919.7 867.7 1,696.4 309.3 46.2 -230.3
IV r....................... 2,714.7 1,680.1 1,191.9 102.2 369.1 968.1 25.4 41.4 -.4 2,933.2 876.9 1,714.5 294.7 47.1 -218.5
2008:I r......................... 2,698.0 1,641.2 1,186.6 104.5 336.4 989.7 25.6 42.7 -1.2 3,009.9 900.8 1,746.5 314.6 48.0 -311.9
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\1\ Includes taxes from the rest
of the world, not shown separately.
\2\ Includes a subtraction for
wage accruals less disbursements,
not shown separately.
Note.--Revisions include changes
to series affected by revised wage
and salary estimates for 2007: IV.
Source: Department of Commerce,
Bureau of Economic Analysis.