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    
 
 
    Q4 2023
Millions of Dollars
Line Name Q4 2023 Q3 2023 Q4 2022
line 1
Current receipts
1,240,658 1,132,452 1,234,679
line 2
Current tax receipts
736,096 678,950 784,479
line 3
Personal current taxes
575,444 513,466 634,220
line 4
Taxes on production and imports
42,289 43,802 45,743
line 5
Taxes on corporate income
109,549 113,082 96,194
line 6
Taxes from the rest of the world
8,814 8,600 8,321
line 7
Contributions for government social insurance
462,249 422,958 417,779
line 8
Income receipts on assets
16,013 11,938 11,659
line 9
Current transfer receipts
24,401 16,650 18,882
line 10
Current surplus of government enterprises
1,899 1,957 1,881
line 11
Current expenditures
1,608,139 1,594,514 1,542,927
line 12
Consumption expenditures
337,185 337,194 319,194
line 13
Current transfer payments
989,691 986,392 989,191
line 14
Government social benefits
741,384 741,038 731,188
line 15
To persons
733,348 732,989 723,958
line 16
To the rest of the world
8,036 8,049 7,231
line 17
Other current transfer payments
248,308 245,354 258,003
line 18
Grants-in-aid to state and local governments
230,211 223,127 233,603
line 19
To the rest of the world
18,096 22,227 24,400
line 20
Interest payments
256,449 245,326 207,398
line 21
To persons and business
205,523 193,484 159,074
line 22
To the rest of the world
50,926 51,842 48,325
line 23
Subsidies
24,814 25,602 27,142
line 24
Net federal government saving
-367,481 -462,062 -308,248
Addenda:
line 25
Gross government investment
115,913 111,034 107,570
line 26
Consumption of fixed capital
94,281 93,132 89,750
   

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