Table 3.2. Federal Government Current Receipts and Expenditures

Quarterly

			Billions of Dollars
	Line	Name	Q1 2026	Q4 2025	Q1 2025
	line 1	Current receipts	5,872.948	5,898.479	5,392.717
	line 2	Current tax receipts	3,646.156	3,705.970	3,246.051
	line 3	Personal current taxes	2,562.272	2,654.122	2,538.295
	line 4	Taxes on production and imports	449.950	467.260	198.585
	line 5	Excise taxes	102.216	101.352	100.040
	line 6	Customs duties	346.150	364.324	96.965
	line 7	Other
	line 8	Taxes on corporate income	590.838	541.725	469.186
	line 9	Taxes from the rest of the world	43.096	42.862	39.985
	line 10	Contributions for government social insurance	2,055.620	2,020.534	1,973.972
	line 11	From persons	2,048.664	2,013.688	1,967.306
	line 12	From the rest of the world	6.956	6.846	6.665
	line 13	Income receipts on assets	91.481	91.043	86.397
	line 14	Interest receipts	72.189	70.937	66.317
	line 15	Dividends	5.364	6.670	6.572
	line 16	Federal Reserve banks
	line 17	Other
	line 18	Rents and royalties	13.928	13.436	13.508
	line 19	Current transfer receipts	82.181	82.586	87.283
	line 20	From business	54.055	55.729	57.018
	line 21	From persons	25.320	25.884	25.968
	line 22	From the rest of the world	2.806	0.973	4.297
	line 23	Current surplus of government enterprises	-2.490	-1.653	-0.985
	line 24	Current expenditures	7,678.988	7,583.663	7,313.597
	line 25	Consumption expenditures	1,513.530	1,497.851	1,481.872
	line 26	Current transfer payments	4,812.669	4,762.442	4,580.538
	line 27	Government social benefits	3,769.244	3,724.500	3,563.661
	line 28	To persons	3,729.882	3,685.874	3,526.452
	line 29	To the rest of the world	39.361	38.626	37.209
	line 30	Other current transfer payments	1,043.425	1,037.942	1,016.877
	line 31	Grants-in-aid to state and local governments	997.951	992.734	955.683
	line 32	To the rest of the world	45.474	45.208	61.194
	line 33	Interest payments	1,218.938	1,227.495	1,144.212
	line 34	To persons and business	932.190	941.604	863.436
	line 35	To the rest of the world	286.748	285.891	280.776
	line 36	Subsidies	133.851	95.875	106.974
	line 37	Net federal government saving	-1,806.039	-1,685.183	-1,920.880
	line 38	Social insurance funds	-909.575	-864.523	-765.571
	line 39	Other	-896.464	-820.660	-1,155.309
		Addenda:
	line 40	Total receipts	5,917.161	5,941.007	5,432.677
	line 41	Current receipts	5,872.948	5,898.479	5,392.717
	line 42	Capital transfer receipts	44.213	42.528	39.960
	line 43	Total expenditures	8,523.805	7,771.061	7,540.702
	line 44	Current expenditures	7,678.988	7,583.663	7,313.597
	line 45	Gross government investment	473.580	473.986	467.856
	line 46	Capital transfer payments	807.432	142.175	167.760
	line 47	Net purchases of nonproduced assets	-0.416	-0.131	-0.169
	line 48	Less: Consumption of fixed capital	435.778	428.632	408.341
	line 49	Net lending or net borrowing (-)	-2,606.644	-1,830.054	-2,108.025