Table 3.2. Federal Government Current Receipts and Expenditures

Quarterly

			Billions of Dollars
	Line	Name	Q2 2026	Q1 2026	Q2 2025
	line 1	Current receipts	5,980.631	5,872.497	5,603.740
	line 2	Current tax receipts	3,736.828	3,645.437	3,455.060
	line 3	Personal current taxes	2,571.417	2,563.116	2,571.887
	line 4	Taxes on production and imports	429.304	449.882	370.629
	line 5	Excise taxes	101.408	102.148	101.368
	line 6	Customs duties	326.324	346.150	267.681
	line 7	Other
	line 8	Taxes on corporate income	691.059	589.607	469.735
	line 9	Taxes from the rest of the world	45.048	42.832	42.809
	line 10	Contributions for government social insurance	2,074.353	2,055.900	1,982.852
	line 11	From persons	2,067.332	2,048.943	1,976.120
	line 12	From the rest of the world	7.021	6.957	6.732
	line 13	Income receipts on assets	103.465	92.181	86.760
	line 14	Interest receipts	76.549	71.265	67.546
	line 15	Dividends	12.643	6.988	5.746
	line 16	Federal Reserve banks
	line 17	Other
	line 18	Rents and royalties	14.272	13.928	13.468
	line 19	Current transfer receipts	71.208	81.502	80.724
	line 20	From business	44.947	54.055	53.975
	line 21	From persons	24.937	25.412	25.928
	line 22	From the rest of the world	1.324	2.035	0.820
	line 23	Current surplus of government enterprises	-5.223	-2.522	-1.656
	line 24	Current expenditures	7,764.988	7,679.660	7,496.339
	line 25	Consumption expenditures	1,508.973	1,512.516	1,487.634
	line 26	Current transfer payments	4,881.352	4,814.356	4,728.563
	line 27	Government social benefits	3,804.345	3,769.061	3,695.284
	line 28	To persons	3,764.017	3,729.704	3,656.993
	line 29	To the rest of the world	40.328	39.357	38.291
	line 30	Other current transfer payments	1,077.007	1,045.295	1,033.279
	line 31	Grants-in-aid to state and local governments	1,037.265	998.313	973.774
	line 32	To the rest of the world	39.742	46.982	59.505
	line 33	Interest payments	1,247.033	1,218.938	1,160.900
	line 34	To persons and business	959.263	932.947	875.073
	line 35	To the rest of the world	287.769	285.991	285.827
	line 36	Subsidies	127.630	133.851	119.242
	line 37	Net federal government saving	-1,784.357	-1,807.163	-1,892.599
	line 38	Social insurance funds	-939.434	-910.060	-869.409
	line 39	Other	-844.923	-897.103	-1,023.190
		Addenda:
	line 40	Total receipts	6,022.977	5,916.710	5,641.172
	line 41	Current receipts	5,980.631	5,872.497	5,603.740
	line 42	Capital transfer receipts	42.346	44.213	37.432
	line 43	Total expenditures	7,932.105	8,525.708	7,685.603
	line 44	Current expenditures	7,764.988	7,679.660	7,496.339
	line 45	Gross government investment	479.728	474.284	468.784
	line 46	Capital transfer payments	132.755	807.919	133.262
	line 47	Net purchases of nonproduced assets	-1.592	-0.416	-0.029
	line 48	Less: Consumption of fixed capital	443.774	435.740	412.752
	line 49	Net lending or net borrowing (-)	-1,909.128	-2,608.998	-2,044.432