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    Q3 1959    
 
 
    Q4 2021
Billions of Dollars
Line Name Q4 2021 Q3 2021 Q4 2020
Current receipts
1
Budget receipts
1,051.876 989.905 803.369
2
Less: Coverage differences
10.393 9.286 9.765
3
Contributions received by federal employee pension and insurance funds
1.619 1.379 1.465
4
Capital transfers received
6.596 5.646 6.186
5
Financial transactions
0.000 0.000 0.000
6
Other
2.178 2.261 2.114
7
Less: Netting and grossing differences
-71.556 -73.860 -63.071
8
Supplementary medical insurance premiums
-31.289 -30.908 -32.835
9
Interest receipts
-6.648 -5.574 -5.706
10
Current surplus of government enterprises
-0.187 -0.470 -0.206
11
Other
-33.433 -36.908 -24.323
12
Plus: Timing differences
52.386 0.468 143.838
13
Taxes on corporate income
-31.382 -34.640 -6.872
14
Federal and state unemployment insurance taxes
-3.523 -5.612 1.751
15
Withheld personal income tax and social security contributions
80.634 51.892 148.317
16
Excise taxes
1.132 -4.144 4.003
17
Other
5.526 -7.027 -3.361
18
Equals: Federal government current receipts NIPAs
1,165.426 1,054.947 1,000.513
Current expenditures
19
Budget outlays
1,428.217 1,528.310 1,374.942
20
Less: Coverage differences
38.665 -22.477 15.860
21
Federal employee pension and insurance fund transactions
-24.595 -21.246 -22.813
22
Interest accrued
-40.944 -44.136 -38.705
23
Contributions accrued (employer)
-30.855 -21.017 -28.228
24
Benefits paid
47.139 43.823 44.036
25
Administrative expenses
0.065 0.083 0.083
26
Financing disbursements from credit programs
-82.846 -98.837 -98.837
27
Other differences in funds covered
3.140 2.073 2.393
28
Net investment
10.646 9.882 14.538
29
Capital transfers paid
22.381 29.675 22.394
30
Financial transactions
120.959 62.489 107.822
31
Loan disbursements less loan repayments and sales
126.401 65.223 115.009
32
Deposit insurance
-0.427 0.301 0.060
33
Net purchases of foreign currency
0.000 0.000 0.000
34
Other
-5.016 -3.034 -7.247
35
Net purchases of nonproduced assets
-0.010 -4.490 -0.007
36
Other
-11.009 -2.025 -9.632
37
Less: Netting and grossing differences
-71.556 -73.860 -63.071
38
Supplementary medical insurance premiums
-31.289 -30.908 -32.835
39
Interest receipts
-6.648 -5.574 -5.706
40
Current surplus of government enterprises
-0.187 -0.470 -0.206
41
Other
-33.433 -36.908 -24.323
42
Plus: Timing differences
59.536 50.028 50.967
43
Purchases (increase in payables net of advances)
-11.080 5.196 -10.257
44
Interest payments
0.046 0.047 0.047
45
Current transfer payments
29.485 16.872 -8.863
46
Other
41.084 27.913 70.041
47
Equals: Federal government current expenditures NIPAs
1,520.644 1,674.675 1,473.120
Net federal government saving
48
Budget surplus or deficit
-376.341 -538.405 -571.573
49
Plus: Net investment
10.646 9.882 14.538
50
Less: Net capital transfers received
-15.785 -24.029 -16.208
51
Less: Federal employee retirement plans
26.214 22.625 24.278
52
Less: Other coverage differences
-28.055 43.049 0.374
53
Less: Timing differences
7.149 49.559 -92.871
54
Equals: Federal government saving national income and product accounts
-355.218 -619.727 -472.608
   

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