Federal Reserve Economic Data: Your trusted data source since 1991

SECTION 8 - NOT SEASONALLY ADJUSTED

Table 8.3. Federal Government Current Receipts and Expenditures, Not Seasonally Adjusted, Quarterly

   

Please select a date range

    Q1 1947    
 
 
    Q1 2024
Millions of Dollars
Line Name Q1 2024 Q4 2023 Q1 2023
line 1
Current receipts
1,292,468 1,207,397 1,202,186
line 2
Current tax receipts
775,582 717,477 715,154
line 3
Personal current taxes
604,321 556,825 562,612
line 4
Taxes on production and imports
41,676 42,289 43,191
line 5
Taxes on corporate income
120,602 109,549 100,721
line 6
Taxes from the rest of the world
8,982 8,814 8,630
line 7
Contributions for government social insurance
479,755 447,607 458,976
line 8
Income receipts on assets
16,112 16,013 10,724
line 9
Current transfer receipts
18,999 24,401 15,371
line 10
Current surplus of government enterprises
2,021 1,899 1,960
line 11
Current expenditures
1,645,977 1,608,139 1,582,331
line 12
Consumption expenditures
335,870 337,185 321,630
line 13
Current transfer payments
1,021,171 989,691 1,017,072
line 14
Government social benefits
769,058 741,384 744,709
line 15
To persons
760,673 733,348 736,888
line 16
To the rest of the world
8,385 8,036 7,821
line 17
Other current transfer payments
252,113 248,308 272,363
line 18
Grants-in-aid to state and local governments
236,501 230,211 248,427
line 19
To the rest of the world
15,612 18,096 23,936
line 20
Interest payments
264,809 256,449 218,450
line 21
To persons and business
213,259 205,523 169,040
line 22
To the rest of the world
51,550 50,926 49,410
line 23
Subsidies
24,128 24,814 25,180
line 24
Net federal government saving
-353,509 -400,742 -380,145
Addenda:
line 25
Gross government investment
114,121 115,913 105,746
line 26
Consumption of fixed capital
95,411 94,281 91,087
   

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