Table 3.18B. Relation of Federal Government Current Receipts and Expenditures in the National Income and Product Accounts to the Budget Fiscal Years and Quarters

Annual

			Billions of Dollars
	Line	Name	2024	Preceding Period	Year Ago from Period
		Current receipts
	line 1	Budget receipts	4,918.743	4,439.362	4,439.362
	line 2	Less: Coverage differences	51.908	48.059	48.059
	line 3	Contributions received by federal employee pension and insurance funds	7.954	6.904	6.904
	line 4	Capital transfers received	35.933	33.516	33.516
	line 5	Financial transactions	0.000	0.000	0.000
	line 6	Other	8.021	7.639	7.639
	line 7	Less: Netting and grossing differences	-331.742	-311.178	-311.178
	line 8	Supplementary medical insurance premiums	-149.078	-142.098	-142.098
	line 9	Interest receipts	-52.843	-21.153	-21.153
	line 10	Current surplus of government enterprises	2.297	1.663	1.663
	line 11	Other	-132.118	-149.590	-149.590
	line 12	Plus: Timing differences	-117.996	169.240	169.240
	line 13	Taxes on corporate income	-48.040	9.345	9.345
	line 14	Federal and state unemployment insurance taxes	-4.250	-5.866	-5.866
	line 15	Withheld personal income tax and social security contributions	-50.400	159.083	159.083
	line 16	Excise taxes	-6.114	12.467	12.467
	line 17	Other	-9.192	-5.790	-5.790
	line 18	Equals: Federal government current receipts NIPAs	5,080.582	4,871.721	4,871.721
		Current expenditures
	line 19	Budget outlays	6,749.494	6,133.688	6,133.688
	line 20	Less: Coverage differences	296.009	164.028	164.028
	line 21	Federal employee pension and insurance fund transactions	-77.975	-73.613	-73.613
	line 22	Interest accrued	-170.016	-167.365	-167.365
	line 23	Contributions accrued (employer)	-114.275	-104.429	-104.429
	line 24	Benefits paid	205.951	197.818	197.818
	line 25	Administrative expenses	0.364	0.363	0.363
	line 26	Financing disbursements from credit programs	4.263	-27.250	-27.250
	line 27	Other differences in funds covered	9.235	8.640	8.640
	line 28	Net investment	69.112	64.761	64.761
	line 29	Capital transfers paid	186.539	271.451	271.451
	line 30	Financial transactions	133.059	-52.150	-52.150
	line 31	Loan disbursements less loan repayments and sales	78.370	-143.799	-143.799
	line 32	Deposit insurance	52.232	102.548	102.548
	line 33	Net purchases of foreign currency	0.000	0.000	0.000
	line 34	Other	2.457	-10.899	-10.899
	line 35	Net purchases of nonproduced assets	-0.415	-0.937	-0.937
	line 36	Other	-27.808	-26.875	-26.875
	line 37	Less: Netting and grossing differences	-331.742	-311.178	-311.178
	line 38	Supplementary medical insurance premiums	-149.078	-142.098	-142.098
	line 39	Interest receipts	-52.843	-21.153	-21.153
	line 40	Current surplus of government enterprises	2.297	1.663	1.663
	line 41	Other	-132.118	-149.590	-149.590
	line 42	Plus: Timing differences	123.368	171.151	171.151
	line 43	Purchases (increase in payables net of advances)	10.561	0.331	0.331
	line 44	Interest payments	0.462	0.433	0.433
	line 45	Current transfer payments	110.571	67.081	67.081
	line 46	Other	1.774	103.306	103.306
	line 47	Equals: Federal government current expenditures NIPAs	6,908.595	6,451.990	6,451.990
		Net federal government saving
	line 48	Budget surplus or deficit	-1,830.751	-1,694.326	-1,694.326
	line 49	Plus: Net investment	69.112	64.761	64.761
	line 50	Less: Net capital transfers received	-150.606	-237.935	-237.935
	line 51	Less: Federal employee retirement plans	85.929	80.517	80.517
	line 52	Less: Other coverage differences	-110.312	106.210	106.210
	line 53	Less: Timing differences	241.364	1.911	1.911
	line 54	Equals: Federal government saving national income and product accounts	-1,828.013	-1,580.269	-1,580.269