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    
 
 
    Q2 2023
Millions of Dollars
Line Name Q2 2023 Q1 2023 Q2 2022
line 1
Current receipts
1,192,268 1,202,186 1,264,680
line 2
Current tax receipts
683,383 715,154 763,298
line 3
Personal current taxes
521,438 562,612 611,746
line 4
Taxes on production and imports
43,142 43,191 49,874
line 5
Taxes on corporate income
110,089 100,721 93,126
line 6
Taxes from the rest of the world
8,714 8,630 8,553
line 7
Contributions for government social insurance
480,442 458,976 440,927
line 8
Income receipts on assets
10,558 10,724 40,449
line 9
Current transfer receipts
15,883 15,371 18,113
line 10
Current surplus of government enterprises
2,002 1,960 1,892
line 11
Current expenditures
1,594,700 1,582,331 1,503,030
line 12
Consumption expenditures
327,698 321,630 304,719
line 13
Current transfer payments
1,014,810 1,017,072 994,993
line 14
Government social benefits
740,543 744,709 730,890
line 15
To persons
732,594 736,888 723,740
line 16
To the rest of the world
7,949 7,821 7,150
line 17
Other current transfer payments
274,267 272,363 264,104
line 18
Grants-in-aid to state and local governments
250,418 248,427 244,621
line 19
To the rest of the world
23,849 23,936 19,482
line 20
Interest payments
227,396 218,450 170,955
line 21
To persons and business
177,046 169,040 128,915
line 22
To the rest of the world
50,350 49,410 42,040
line 23
Subsidies
24,796 25,180 32,363
line 24
Net federal government saving
-402,432 -380,145 -238,350
Addenda:
line 25
Gross government investment
109,007 105,746 100,801
line 26
Consumption of fixed capital
92,006 91,087 87,174
   

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