Federal Government receipts and expenditures

This file represents Table 8. Federal Government receipts and expenditures, 1986, 1996, 2006, and projected 2016, in "The U.S. Economy to 2016: slower growth as boomers begin to retire," published in the November 2007 Monthly Labor Review.

Table 8. Federal Government receipts and expenditures, 1986, 1996, 2006, and projected 2016
Category Billions of current
2000 dollars		 Percent Distribution
 		 Average annual
rate of change
1986 1996 2006 2016 1986 1996 2006 2016 1986-96 1996-2006 2006-16

Receipts

 $815.2 $1,524.0 $2,495.8 $4,349.9 100.0 100.0 100.0 100.0 6.5 5.1 5.7

Tax receipts

 479.6 932.4 1,537.5 2,630.2 58.8 61.2 61.6 60.5 6.9 5.1 5.5

Personal taxes

 350.1 663.4 1,053.2 2,110.3 42.9 43.5 42.2 48.5 6.6 4.7 7.2

Corporate income taxes

 83.8 190.6 373.1 332.8 10.3 12.5 14.9 7.7 8.6 6.9 -1.1

Taxes on production and imports

 44.0 73.2 98.6 168.9 5.4 4.8 3.9 3.9 5.2 3.0 5.5

Taxes from the rest of the world

 1.7 5.2 12.6 18.2 0.2 0.3 0.5 0.4 11.6 9.4 3.7

Contributions for social insurance

 297.5 542.8 901.6 1,631.5 36.5 35.6 36.1 37.5 6.2 5.2 6.1

Income receipts on assets

 31.4 26.9 24.7 36.1 3.8 1.8 1.0 0.8 -1.5 -0.8 3.9

Interest receipts

 29.0 23.0 17.1 20.5 3.6 1.5 0.7 0.5 -2.3 -2.9 1.8

Rents and royalties

 2.4 4.0 7.7 15.6 0.3 0.3 0.3 0.4 5.1 6.8 7.4

Transfer receipts

 8.2 23.1 35.2 52.0 1.0 1.5 1.4 1.2 10.9 4.3 4.0

From business

 6.9 16.0 20.0 28.6 0.8 1.0 0.8 0.7 8.8 2.2 3.7

From persons

 1.3 7.2 15.2 23.4 0.2 0.5 0.6 0.5 18.4 7.8 4.4

Surplus of government enterprises

 -1.5 -1.2 -3.2 0.0 (-0.2) (-0.1) (-0.1) -0 (1) (1) (1)
 

Expenditures

 1,006.0 1,665.8 2,715.8 4,786.7 100.0 100.0 100.0 100.0 5.2 5.0 5.8

Consumption expenditures

 358.2 446.3 812.8 1,197.0 35.6 26.8 29.9 25.0 2.2 6.2 3.9

Transfer payments

 445.1 888.2 1,576.1 2,899.1 44.2 53.3 58.0 60.6 7.2 5.9 6.3

Government social benefits

 345.3 680.0 1,187.9 2,279.1 34.3 40.8 43.7 47.6 7.0 5.7 6.7

Social Security benefits

 193.6 342.0 552.6 1,058.5 19.2 20.5 20.3 22.1 5.9 4.9 6.7

Medicare benefits

 75.3 195.7 393.8 900.0 7.5 11.7 14.5 18.8 10.0 7.2 8.6

Unemployment benefits

 16.3 22.0 29.9 41.1 1.6 1.3 1.1 0.9 3.0 3.1 3.2

Other benefits to persons

 58.4 118.2 208.2 274.2 5.8 7.1 7.7 5.7 7.3 5.8 2.8

Benefits to the rest of the world

 1.6 2.2 3.3 5.2 0.2 0.1 0.1 0.1 2.8 4.5 4.4

Other transfer payments

 99.9 208.2 388.2 620.0 9.9 12.5 14.3 13.0 7.6 6.4 4.8

Grants-in-aid to state & local government

 87.6 191.2 358.6 588.5 8.7 11.5 13.2 12.3 8.1 6.5 5.1

To the rest of the world

 12.2 17.1 29.6 31.5 1.2 1.0 1.1 0.7 3.4 5.7 0.6

Interest payments

 178.2 297.3 277.5 617.9 17.7 17.8 10.2 12.9 5.3 -0.7 8.3

To persons and business

 153.5 232.0 143.8 243.1 15.3 13.9 5.3 5.1 4.2 -4.7 5.4

To the rest of the world

 24.6 65.3 133.8 374.8 2.4 3.9 4.9 7.8 10.2 7.4 10.9

Subsidies

 24.5 34.0 49.4 72.8 2.4 2.0 1.8 1.5 3.3 3.8 4.0

Less wage accruals less disbursements

 0.0 0.0 0.0 0.0 – – – – (1) (1) (1)
 

Net Federal Government saving

 -190.8 -141.8 -220.0 -436.9 – – – – – – –
 

Surplus/deficit as percentage of gross domestic product

 -4.3 -1.8 -1.7 -1.9 – – – – – – –

Footnotes:
(1) Data not computable.

Note: Dash indicates data not available.
SOURCE: Historical data, Bureau of Economic Analysis; projected data, Bureau of Labor Statistics.

Back to top

 

Last Modified Date: December 27, 2007