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Table 3.2. Federal Government Current Receipts and Expenditures:
Quarterly

   
    Q1 1947    
 
 
    Q1 2018
Billions of Dollars
Line Name Q1 2018 Q4 2017 Q1 2017
1
Current receipts 		3,483.424 3,588.166 3,589.224
2
Current tax receipts 		2,038.234 2,178.271 2,133.378
3
Personal current taxes 		1,595.233 1,641.145 1,574.031
4
Taxes on production and imports 		150.480 135.852 128.764
5
Excise taxes 		109.696 96.112 91.292
6
Customs duties 		40.784 39.740 37.472
7
Taxes on corporate income 		269.357 378.005 408.848
8
Federal Reserve banks 		89.771 76.510 92.436
9
Other 		179.586 301.495 316.413
10
Taxes from the rest of the world 		23.165 23.270 21.735
11
Contributions for government social insurance 		1,340.752 1,308.630 1,269.234
12
Income receipts on assets 		36.665 38.279 76.500
13
Interest receipts 		29.732 31.498 31.819
14
Dividends 		0.189 0.193 40.001
15
Rents and royalties 		6.744 6.588 4.680
16
Current transfer receipts 		76.684 68.801 113.492
17
From business 		45.991 37.016 62.132
18
From persons 		28.945 29.701 28.647
19
Current surplus of government enterprises 		-8.911 -5.815 -3.379
20
Current expenditures 		4,390.330 4,334.125 4,242.027
21
Consumption expenditures 		1,005.215 991.466 967.952
22
Current transfer payments 		2,769.117 2,730.975 2,700.937
23
Government social benefits 		2,141.274 2,111.206 2,082.704
24
To persons 		2,117.164 2,088.603 2,061.226
25
To the rest of the world 		24.110 22.604 21.478
26
Other current transfer payments 		627.843 619.769 618.233
27
Grants-in-aid to state and local governments 		579.956 561.504 564.241
28
To the rest of the world (net) 		47.887 58.265 53.992
29
Interest payments 		557.670 549.534 512.679
30
To persons and business 		445.019 441.085 413.231
31
To the rest of the world 		112.650 108.450 99.447
32
Subsidies 		58.328 62.149 60.459
33
Net federal government saving 		-906.906 -745.959 -652.802
34
Social insurance funds 		-306.271 -307.423 -311.832
35
Other 		-600.635 -438.537 -340.971
Addenda:
36
Total receipts 		3,506.008 4,611.106 3,610.488
37
Current receipts 		3,483.424 3,588.166 3,589.224
38
Capital transfer receipts 		22.584 1,022.940 21.264
39
Total expenditures 		4,479.085 4,419.488 4,320.538
40
Current expenditures 		4,390.330 4,334.125 4,242.027
41
Gross government investment 		292.033 287.422 276.391
42
Capital transfer payments 		73.908 73.542 75.397
43
Net purchases of nonproduced assets 		-0.523 -0.679 -0.428
44
Less: Consumption of fixed capital 		276.663 274.921 272.849
45
Net lending or net borrowing (-) 		-973.077 191.617 -710.049
   

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