Table 6.—Government Sector Current Receipts and Expenditures

[Billions of dollars, seasonally adjusted at annual rates]

Level Change from preceding quarter
1999 1998 1999
IV IV I II III IV
Current receipts2872.644.936.437.846.172.1
Current expenditures2691.740.44.028.419.173.9
Current surplus or deficit (–)180.94.432.49.427.0–1.8
Social insurance funds81.97.45.73.73.32.2
Other99.0–3.026.75.723.7–4.0
Federal Government
Current receipts1922.323.033.226.630.039.2
Personal tax and nontax receipts922.720.89.814.215.914.7
Corporate profits tax accruals236.7–7.310.05.54.314.3
Indirect business tax and nontax accruals105.01.9–.1.51.53.5
Contributions for social insurance657.97.713.46.48.36.7
Current expenditures1810.222.8–4.66.114.360.9
Consumption expenditures491.98.67.0–1.89.816.9
National defense325.5.91.2–3.811.313.4
Nondefense166.57.55.92.0–1.53.6
Transfer payments (net)770.111.11.36.35.115.3
To persons752.41.613.13.95.96.0
To the rest of the world17.79.6–11.92.4–.79.2
Grants-in-aid to State and local governments235.6–6.05.7–4.214.95.0
Net interest paid260.6–5.3–8.3–1.2–4.9.7
Subsidies less current surplus of government enterprises51.814.4–10.36.9–10.522.8
Subsidies57.014.1–8.46.9–10.322.9
Of which: Agricultural subsidies35.314.6–8.07.3–10.122.5
Less: Current surplus of government enterprises5.2–.31.8.1.2.1
Less: Wage accruals less disbursements000000
Current surplus or deficit (–)112.2.137.920.515.7–21.6
Social insurance funds80.97.75.93.43.32.0
Other31.3–7.632.017.112.4–23.6
State and local governments
Current receipts1185.915.88.97.031.037.9
Personal tax and nontax receipts261.13.92.0.45.18.7
Corporate profits tax accruals39.1–1.32.31.0.62.1
Indirect business tax and nontax accruals638.619.2–1.19.710.021.8
Contributions for social insurance11.500.2.3.3
Federal grants-in-aid235.6–6.05.7–4.214.95.0
Current expenditures1117.111.514.318.219.718.0
Consumption expenditures882.48.410.216.018.115.9
Transfer payments to persons247.82.83.41.71.72.5
Net interest paid–.6.4.8.3.10
Less: Dividends received by government.300000
Subsidies less current surplus of government enterprises–12.2000–.1–.5
Subsidies.500000
Less: Current surplus of government enterprises12.7.100.1.5
Less: Wage accruals less disbursements000000
Current surplus or deficit (–)68.84.3–5.5–11.111.319.9
Social insurance funds1.0–.2–.1.20.2
Other67.74.5–5.2–11.411.319.6