Table 3.2. Federal Government Current Receipts and Expenditures

Quarterly

			Billions of Dollars
	Line	Name	Q2 2020	Q1 2020	Q2 2019
	line 1	Current receipts	3,534.511	3,791.218	3,679.518
	line 2	Current tax receipts	1,977.890	2,159.532	2,088.037
	line 3	Personal current taxes	1,621.811	1,754.972	1,686.705
	line 4	Taxes on production and imports	130.053	183.507	169.178
	line 5	Excise taxes	73.408	102.716	97.868
	line 6	Customs duties	55.361	79.515	70.030
	line 7	Other
	line 8	Taxes on corporate income	199.682	192.531	205.603
	line 9	Taxes from the rest of the world	26.343	28.522	26.551
	line 10	Contributions for government social insurance	1,383.622	1,453.243	1,403.532
	line 11	From persons	1,378.519	1,447.820	1,398.144
	line 12	From the rest of the world	5.103	5.424	5.387
	line 13	Income receipts on assets	110.771	119.970	120.723
	line 14	Interest receipts	22.604	36.791	37.125
	line 15	Dividends	83.287	75.555	75.073
	line 16	Federal Reserve banks
	line 17	Other
	line 18	Rents and royalties	4.880	7.624	8.524
	line 19	Current transfer receipts	57.153	53.923	66.440
	line 20	From business	36.100	33.907	34.987
	line 21	From persons	16.440	17.172	26.323
	line 22	From the rest of the world	4.612	2.844	5.130
	line 23	Current surplus of government enterprises	5.076	4.549	0.787
	line 24	Current expenditures	8,891.373	4,866.623	4,734.950
	line 25	Consumption expenditures	1,201.996	1,110.983	1,087.882
	line 26	Current transfer payments	6,142.831	3,131.471	3,002.386
	line 27	Government social benefits	4,703.943	2,442.224	2,345.389
	line 28	To persons	4,659.227	2,416.968	2,321.692
	line 29	To the rest of the world	44.717	25.255	23.698
	line 30	Other current transfer payments	1,438.888	689.247	656.997
	line 31	Grants-in-aid to state and local governments	1,389.302	635.247	610.686
	line 32	To the rest of the world	49.585	54.000	46.310
	line 33	Interest payments	514.737	544.122	586.409
	line 34	To persons and business	395.595	415.039	437.124
	line 35	To the rest of the world	119.142	129.083	149.285
	line 36	Subsidies	1,031.810	80.047	58.273
	line 37	Net federal government saving	-5,356.862	-1,075.405	-1,055.432
	line 38	Social insurance funds	-1,456.190	-436.251	-409.326
	line 39	Other	-3,900.672	-639.154	-646.105
		Addenda:
	line 40	Total receipts	3,552.879	3,807.902	3,695.334
	line 41	Current receipts	3,534.511	3,791.218	3,679.518
	line 42	Capital transfer receipts	18.368	16.684	15.816
	line 43	Total expenditures	9,041.014	5,006.666	4,835.242
	line 44	Current expenditures	8,891.373	4,866.623	4,734.950
	line 45	Gross government investment	365.695	349.273	320.153
	line 46	Capital transfer payments	92.284	95.690	78.569
	line 47	Net purchases of nonproduced assets	0.011	-0.300	-0.769
	line 48	Less: Consumption of fixed capital	308.349	304.621	297.661
	line 49	Net lending or net borrowing (-)	-5,488.135	-1,198.763	-1,139.908