Table 3.2. Federal Government Current Receipts and Expenditures

Quarterly

			Billions of Dollars
	Line	Name	Q3 2023	Q2 2023	Q3 2022
	line 1	Current receipts	4,835.547	4,769.417	5,149.418
	line 2	Current tax receipts	2,921.203	2,891.709	3,277.537
	line 3	Personal current taxes	2,282.401	2,262.625	2,626.148
	line 4	Taxes on production and imports	175.034	177.616	200.823
	line 5	Excise taxes	93.920	92.528	97.704
	line 6	Customs duties	79.518	83.508	101.651
	line 7	Other
	line 8	Taxes on corporate income	428.441	415.489	416.917
	line 9	Taxes from the rest of the world	35.326	35.978	33.648
	line 10	Contributions for government social insurance	1,800.459	1,770.381	1,711.999
	line 11	From persons	1,794.084	1,763.956	1,705.302
	line 12	From the rest of the world	6.375	6.425	6.697
	line 13	Income receipts on assets	43.781	39.221	86.192
	line 14	Interest receipts	29.401	24.109	21.815
	line 15	Dividends	0.148	0.145	46.649
	line 16	Federal Reserve banks
	line 17	Other
	line 18	Rents and royalties	14.232	14.968	17.728
	line 19	Current transfer receipts	73.229	71.679	69.655
	line 20	From business	48.217	42.641	42.013
	line 21	From persons	23.848	23.520	23.052
	line 22	From the rest of the world	1.164	5.518	4.590
	line 23	Current surplus of government enterprises	-3.125	-3.574	4.035
	line 24	Current expenditures	6,558.635	6,491.697	6,178.737
	line 25	Consumption expenditures	1,359.007	1,314.769	1,232.215
	line 26	Current transfer payments	4,129.183	4,181.512	4,076.033
	line 27	Government social benefits	3,129.468	3,098.705	3,006.182
	line 28	To persons	3,097.107	3,066.876	2,976.880
	line 29	To the rest of the world	32.361	31.829	29.302
	line 30	Other current transfer payments	999.715	1,082.807	1,069.851
	line 31	Grants-in-aid to state and local governments	907.149	985.104	951.733
	line 32	To the rest of the world	92.566	97.703	118.118
	line 33	Interest payments	966.899	894.106	752.081
	line 34	To persons and business	734.605	673.982	566.742
	line 35	To the rest of the world	232.294	220.124	185.338
	line 36	Subsidies	103.546	101.310	118.408
	line 37	Net federal government saving	-1,723.088	-1,722.280	-1,029.319
	line 38	Social insurance funds	-627.824	-629.016	-466.533
	line 39	Other	-1,095.264	-1,093.264	-562.786
		Addenda:
	line 40	Total receipts	4,870.119	4,805.957	5,183.502
	line 41	Current receipts	4,835.547	4,769.417	5,149.418
	line 42	Capital transfer receipts	34.572	36.540	34.084
	line 43	Total expenditures	6,946.602	6,927.438	6,337.375
	line 44	Current expenditures	6,558.635	6,491.697	6,178.737
	line 45	Gross government investment	425.348	424.027	406.835
	line 46	Capital transfer payments	343.281	384.353	203.941
	line 47	Net purchases of nonproduced assets	-3.580	0.229	-90.594
	line 48	Less: Consumption of fixed capital	377.082	372.868	361.544
	line 49	Net lending or net borrowing (-)	-2,076.484	-2,121.482	-1,153.873