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 |
– |
– |
– |
– |
– |
– |
– |
Note: Dash indicates data not available. SOURCE: Historical data, Bureau of Economic Analysis; projected data, Bureau of Labor Statistics.
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Last Modified Date: December 27, 2007
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