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    1952    
 
 
    2020
Billions of Dollars
Line Name 2020 Preceding
Period
Year Ago
from Period
Current receipts
1
Budget receipts
3,419.955 3,462.202 3,462.202
2
Less: Coverage differences
30.865 31.020 31.020
3
Contributions received by federal employee pension and insurance funds
5.202 4.760 4.760
4
Capital transfers received
17.544 16.583 16.583
5
Financial transactions
0.000 0.000 0.000
6
Other
8.119 9.677 9.677
7
Less: Netting and grossing differences
-230.137 -249.945 -249.945
8
Supplementary medical insurance premiums
-116.519 -107.688 -107.688
9
Interest receipts
-26.487 -50.331 -50.331
10
Current surplus of government enterprises
0.965 2.533 2.533
11
Other
-88.096 -94.459 -94.459
12
Plus: Timing differences
28.385 0.437 0.437
13
Taxes on corporate income
-19.550 -10.808 -10.808
14
Federal and state unemployment insurance taxes
1.301 0.461 0.461
15
Withheld personal income tax and social security contributions
53.486 6.967 6.967
16
Excise taxes
0.303 -3.790 -3.790
17
Other
-7.154 7.606 7.606
18
Equals: Federal government current receipts NIPAs
3,647.613 3,681.564 3,681.564
Current expenditures
19
Budget outlays
6,552.567 4,446.225 4,446.225
20
Less: Coverage differences
238.796 6.721 6.721
21
Federal employee pension and insurance fund transactions
-78.494 -78.605 -78.605
22
Interest accrued
-167.239 -168.579 -168.579
23
Contributions accrued (employer)
-83.740 -78.250 -78.250
24
Benefits paid
172.185 167.947 167.947
25
Administrative expenses
0.300 0.277 0.277
26
Financing disbursements from credit programs
381.464 -68.519 -68.519
27
Other differences in funds covered
10.969 10.866 10.866
28
Net investment
34.814 21.151 21.151
29
Capital transfers paid
102.027 81.246 81.246
30
Financial transactions
-203.314 48.482 48.482
31
Loan disbursements less loan repayments and sales
-204.786 51.010 51.010
32
Deposit insurance
-0.313 -1.225 -1.225
33
Net purchases of foreign currency
0.000 0.000 0.000
34
Other
1.785 -1.303 -1.303
35
Net purchases of nonproduced assets
-2.984 -2.980 -2.980
36
Other
-5.685 -4.920 -4.920
37
Less: Netting and grossing differences
-230.137 -249.945 -249.945
38
Supplementary medical insurance premiums
-116.519 -107.688 -107.688
39
Interest receipts
-26.487 -50.331 -50.331
40
Current surplus of government enterprises
0.965 2.533 2.533
41
Other
-88.096 -94.459 -94.459
42
Plus: Timing differences
-36.332 12.661 12.661
43
Purchases (increase in payables net of advances)
0.844 8.550 8.550
44
Interest payments
0.158 0.086 0.086
45
Current transfer payments
-74.820 11.198 11.198
46
Other
37.486 -7.172 -7.172
47
Equals: Federal government current expenditures NIPAs
6,507.575 4,702.109 4,702.109
Net federal government saving
48
Budget surplus or deficit
-3,132.611 -984.023 -984.023
49
Plus: Net investment
34.814 21.151 21.151
50
Less: Net capital transfers received
-84.483 -64.663 -64.663
51
Less: Federal employee retirement plans
83.696 83.365 83.365
52
Less: Other coverage differences
-172.331 26.747 26.747
53
Less: Timing differences
-64.718 12.224 12.224
54
Equals: Federal government saving national income and product accounts
-2,859.962 -1,020.545 -1,020.545
   

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