Federal Reserve Economic Data: Your trusted data source since 1991

SECTION 8 - NOT SEASONALLY ADJUSTED

Table 8.3. Federal Government Current Receipts and Expenditures, Not Seasonally Adjusted, Quarterly

   

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    Q1 1947    
 
 
    Q3 2023
Millions of Dollars
Line Name Q3 2023 Q2 2023 Q3 2022
line 1
Current receipts
1,147,376 1,186,635 1,220,091
line 2
Current tax receipts
686,790 681,361 775,781
line 3
Personal current taxes
521,641 519,416 621,499
line 4
Taxes on production and imports
43,788 43,142 49,557
line 5
Taxes on corporate income
112,747 110,089 96,376
line 6
Taxes from the rest of the world
8,614 8,714 8,349
line 7
Contributions for government social insurance
430,346 476,831 406,292
line 8
Income receipts on assets
11,924 10,558 21,086
line 9
Current transfer receipts
16,350 15,883 15,071
line 10
Current surplus of government enterprises
1,965 2,002 1,860
line 11
Current expenditures
1,594,642 1,594,700 1,514,249
line 12
Consumption expenditures
337,115 327,698 308,427
line 13
Current transfer payments
986,453 1,014,810 987,945
line 14
Government social benefits
740,973 740,543 724,217
line 15
To persons
732,924 732,594 716,918
line 16
To the rest of the world
8,049 7,949 7,299
line 17
Other current transfer payments
245,480 274,267 263,728
line 18
Grants-in-aid to state and local governments
223,127 250,418 235,379
line 19
To the rest of the world
22,352 23,849 28,349
line 20
Interest payments
245,326 227,396 188,443
line 21
To persons and business
193,268 177,046 142,531
line 22
To the rest of the world
52,058 50,350 45,912
line 23
Subsidies
25,748 24,796 29,434
line 24
Net federal government saving
-447,267 -408,065 -294,158
Addenda:
line 25
Gross government investment
110,978 109,007 101,049
line 26
Consumption of fixed capital
93,126 92,006 88,599
   

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