Table 3.2. Federal Government Current Receipts and Expenditures

Quarterly

			Billions of Dollars
	Line	Name	Q3 2025	Q2 2025	Q3 2024
	line 1	Current receipts	5,769.646	5,603.740	5,210.115
	line 2	Current tax receipts	3,599.024	3,455.060	3,141.087
	line 3	Personal current taxes	2,615.716	2,571.887	2,423.389
	line 4	Taxes on production and imports	434.199	370.629	189.105
	line 5	Excise taxes	101.196	101.368	101.664
	line 6	Customs duties	331.423	267.681	85.865
	line 7	Other
	line 8	Taxes on corporate income	508.565	469.735	490.558
	line 9	Taxes from the rest of the world	40.544	42.809	38.035
	line 10	Contributions for government social insurance	1,998.146	1,982.852	1,914.205
	line 11	From persons	1,991.402	1,976.120	1,907.740
	line 12	From the rest of the world	6.744	6.732	6.464
	line 13	Income receipts on assets	88.836	86.760	75.854
	line 14	Interest receipts	70.309	67.546	62.095
	line 15	Dividends	5.083	5.746	0.148
	line 16	Federal Reserve banks
	line 17	Other
	line 18	Rents and royalties	13.444	13.468	13.612
	line 19	Current transfer receipts	84.282	80.724	79.705
	line 20	From business	58.189	53.975	52.438
	line 21	From persons	25.900	25.928	25.584
	line 22	From the rest of the world	0.193	0.820	1.683
	line 23	Current surplus of government enterprises	-0.643	-1.656	-0.736
	line 24	Current expenditures	7,579.734	7,496.339	7,165.663
	line 25	Consumption expenditures	1,515.651	1,487.634	1,456.841
	line 26	Current transfer payments	4,741.459	4,728.563	4,470.542
	line 27	Government social benefits	3,691.136	3,695.284	3,370.975
	line 28	To persons	3,652.533	3,656.993	3,335.921
	line 29	To the rest of the world	38.603	38.291	35.054
	line 30	Other current transfer payments	1,050.323	1,033.279	1,099.567
	line 31	Grants-in-aid to state and local governments	1,002.221	973.774	979.719
	line 32	To the rest of the world	48.102	59.505	119.848
	line 33	Interest payments	1,199.189	1,160.900	1,146.182
	line 34	To persons and business	910.644	875.073	867.792
	line 35	To the rest of the world	288.545	285.827	278.390
	line 36	Subsidies	123.435	119.242	92.099
	line 37	Net federal government saving	-1,810.088	-1,892.599	-1,955.548
	line 38	Social insurance funds	-853.475	-869.409	-684.917
	line 39	Other	-956.613	-1,023.190	-1,270.631
		Addenda:
	line 40	Total receipts	5,808.554	5,641.172	5,256.387
	line 41	Current receipts	5,769.646	5,603.740	5,210.115
	line 42	Capital transfer receipts	38.908	37.432	46.272
	line 43	Total expenditures	7,767.284	7,685.603	7,465.002
	line 44	Current expenditures	7,579.734	7,496.339	7,165.663
	line 45	Gross government investment	473.063	468.784	461.012
	line 46	Capital transfer payments	134.478	133.262	234.576
	line 47	Net purchases of nonproduced assets	-0.267	-0.029	-0.310
	line 48	Less: Consumption of fixed capital	419.724	412.752	395.939
	line 49	Net lending or net borrowing (-)	-1,958.730	-2,044.432	-2,208.615