Table 3.2. Federal Government Current Receipts and Expenditures

Quarterly

			Billions of Dollars
	Line	Name	Q2 2025	Q1 2025	Q2 2024
	line 1	Current receipts	5,622.803	5,392.717	5,146.498
	line 2	Current tax receipts	3,462.724	3,246.051	3,098.577
	line 3	Personal current taxes	2,579.551	2,538.295	2,383.776
	line 4	Taxes on production and imports	370.629	198.585	179.961
	line 5	Excise taxes	101.368	100.040	99.440
	line 6	Customs duties	267.681	96.965	78.941
	line 7	Other
	line 8	Taxes on corporate income	469.735	469.186	495.256
	line 9	Taxes from the rest of the world	42.809	39.985	39.584
	line 10	Contributions for government social insurance	1,994.252	1,973.972	1,892.815
	line 11	From persons	1,987.520	1,967.306	1,886.381
	line 12	From the rest of the world	6.732	6.665	6.435
	line 13	Income receipts on assets	86.760	86.397	71.275
	line 14	Interest receipts	67.546	66.317	57.448
	line 15	Dividends	5.746	6.572	0.151
	line 16	Federal Reserve banks
	line 17	Other
	line 18	Rents and royalties	13.468	13.508	13.676
	line 19	Current transfer receipts	80.724	87.283	86.279
	line 20	From business	53.975	57.018	59.572
	line 21	From persons	25.928	25.968	25.200
	line 22	From the rest of the world	0.820	4.297	1.507
	line 23	Current surplus of government enterprises	-1.656	-0.985	-2.449
	line 24	Current expenditures	7,496.339	7,313.597	6,954.021
	line 25	Consumption expenditures	1,487.634	1,481.872	1,422.419
	line 26	Current transfer payments	4,728.563	4,580.538	4,335.033
	line 27	Government social benefits	3,695.284	3,563.661	3,325.168
	line 28	To persons	3,656.993	3,526.452	3,290.954
	line 29	To the rest of the world	38.291	37.209	34.215
	line 30	Other current transfer payments	1,033.279	1,016.877	1,009.865
	line 31	Grants-in-aid to state and local governments	973.774	955.683	947.228
	line 32	To the rest of the world	59.505	61.194	62.637
	line 33	Interest payments	1,160.900	1,144.212	1,103.565
	line 34	To persons and business	875.073	863.436	828.710
	line 35	To the rest of the world	285.827	280.776	274.855
	line 36	Subsidies	119.242	106.974	93.004
	line 37	Net federal government saving	-1,873.536	-1,920.880	-1,807.523
	line 38	Social insurance funds	-858.010	-765.571	-668.804
	line 39	Other	-1,015.526	-1,155.309	-1,138.719
		Addenda:
	line 40	Total receipts	5,660.235	5,432.677	5,176.750
	line 41	Current receipts	5,622.803	5,392.717	5,146.498
	line 42	Capital transfer receipts	37.432	39.960	30.252
	line 43	Total expenditures	7,685.603	7,540.702	7,178.086
	line 44	Current expenditures	7,496.339	7,313.597	6,954.021
	line 45	Gross government investment	468.784	467.856	445.111
	line 46	Capital transfer payments	133.262	167.760	170.258
	line 47	Net purchases of nonproduced assets	-0.029	-0.169	-1.211
	line 48	Less: Consumption of fixed capital	412.752	408.341	390.094
	line 49	Net lending or net borrowing (-)	-2,025.368	-2,108.025	-2,001.336