[Historical Tables]
[Section 14 - Federal Sector Transactions in the National Income and Product
Accounts]
[Table 14.1 - Federal Transactions in the National Income and Product Accounts for
Federal Fiscal Years: 1960-1998]
[From the U.S. Government Publishing Office, www.gpo.gov]
[[Page 254]]
Table 14.1--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS FOR FEDERAL FISCAL YEARS: 1960-1998
(in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1960 1961 1962 1963 1964 1965 1966 1967
--------------------------------------------------------------------------------------------------------------------------------------------------------
Receipts
Personal tax and nontax receipts................................ 42.4 43.5 47.2 49.5 50.5 51.2 57.3 64.2
Corporate profits tax accruals.................................. 22.2 20.2 22.6 23.2 25.7 27.1 30.8 30.4
Indirect business tax and nontax accruals....................... 13.3 13.4 14.3 15.1 15.7 17.0 15.6 15.9
Contributions for social insurance.............................. 17.5 19.0 20.9 23.2 25.0 26.0 30.2 37.7
---------------------------------------------------------------------------------------
Total receipts................................................ 95.5 96.1 104.9 111.0 116.8 121.4 134.0 148.2
=======================================================================================
Expenditures
Consumption expenditures........................................ 51.4 52.2 55.6 60.7 63.3 64.1 71.7 83.9
Defense....................................................... (42.0) (43.2) (46.0) (48.7) (50.0) (49.8) (56.1) (67.0)
Nondefense.................................................... (9.4) (9.0) (9.6) (12.0) (13.3) (14.3) (15.6) (16.9)
Transfer payments............................................... 22.4 25.7 27.2 28.5 29.6 30.5 34.0 39.3
Domestic (``to persons'')..................................... (20.6) (23.6) (25.1) (26.5) (27.4) (28.4) (31.8) (37.2)
Foreign....................................................... (1.8) (2.1) (2.1) (2.0) (2.2) (2.1) (2.2) (2.0)
Grants to State and local governments........................... 6.9 6.9 7.6 8.3 9.8 10.9 12.7 14.8
Net interest paid............................................... 6.8 6.4 6.4 7.1 7.7 8.2 8.7 9.6
Subsidies less current surplus of government enterprises........ 1.4 2.0 2.7 2.7 2.8 3.2 3.5 4.8
Subsidies..................................................... (1.2) (1.6) (2.2) (2.3) (2.5) (2.8) (3.1) (4.2)
Current surplus (-) or deficit................................ (0.2) (0.5) (0.4) (0.4) (0.2) (0.3) (0.5) (0.7)
---------------------------------------------------------------------------------------
Total expenditures............................................ 88.9 93.2 99.5 107.3 113.1 116.8 130.6 152.5
=======================================================================================
Surplus or deficit (-), NIPA basis............................ 6.6 2.9 5.5 3.7 3.7 4.5 3.3 -4.2
--------------------------------------------------------------------------------------------------------------------------------------------------------
Table 14.1--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS FOR FEDERAL FISCAL YEARS: 1960-1998--Continued
(in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1968 1969 1970 1971 1972 1973 1974 1975
--------------------------------------------------------------------------------------------------------------------------------------------------------
Receipts
Personal tax and nontax receipts................................ 71.1 89.8 93.6 87.5 100.1 107.1 122.3 127.1
Corporate profits tax accruals.................................. 32.8 36.8 32.9 32.0 34.3 40.4 43.5 42.3
Indirect business tax and nontax accruals....................... 17.3 18.8 19.4 20.1 20.0 20.9 21.7 22.5
Contributions for social insurance.............................. 40.6 46.9 52.0 56.8 64.0 77.2 91.1 101.6
---------------------------------------------------------------------------------------
Total receipts................................................ 161.9 192.4 197.9 196.5 218.5 245.6 278.6 293.5
=======================================================================================
Expenditures
Consumption expenditures........................................ 92.7 98.4 101.5 101.7 107.7 111.5 116.6 130.6
Defense....................................................... (75.5) (79.0) (80.3) (78.9) (81.2) (82.7) (86.2) (94.0)
Nondefense.................................................... (17.2) (19.3) (21.2) (22.8) (26.5) (28.8) (30.4) (36.6)
Transfer payments............................................... 44.8 50.9 57.1 70.2 79.2 90.1 105.2 135.2
Domestic (``to persons'')..................................... (42.9) (48.9) (55.3) (68.1) (76.5) (87.6) (102.3) (131.9)
Foreign....................................................... (2.0) (2.0) (1.8) (2.1) (2.6) (2.5) (2.9) (3.3)
Grants to State and local governments........................... 17.8 19.2 22.6 26.8 32.6 40.4 41.6 48.4
Net interest paid............................................... 10.4 12.0 13.5 14.1 14.0 15.7 19.6 21.7
Subsidies less current surplus of government enterprises........ 4.3 4.7 5.4 7.0 6.6 8.8 7.6 7.5
Subsidies..................................................... (3.7) (4.2) (4.4) (5.3) (5.3) (7.4) (5.4) (4.4)
Current surplus (-) or deficit................................ (0.5) (0.4) (1.0) (1.7) (1.3) (1.4) (2.3) (3.1)
Wage disbursements less accruals................................ ......... ......... -0.1 0.1 ......... -0.5 0.1 0.3
---------------------------------------------------------------------------------------
Total expenditures............................................ 170.1 185.1 199.9 219.8 240.1 265.9 290.8 343.7
=======================================================================================
Surplus or deficit (-), NIPA basis............................ -8.1 7.4 -2.1 -23.2 -21.6 -20.3 -12.1 -50.2
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 255]]
Table 14.1--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS FOR FEDERAL FISCAL YEARS: 1960-1998--Continued
(in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1976 1977 1978 1979 1980 1981 1982 1983
--------------------------------------------------------------------------------------------------------------------------------------------------------
Receipts
Personal tax and nontax receipts................................ 136.5 165.2 185.5 221.6 249.1 287.9 308.4 291.0
Corporate profits tax accruals.................................. 51.7 59.8 67.4 75.3 70.4 69.3 51.6 56.4
Indirect business tax and nontax accruals....................... 24.6 25.0 27.9 29.9 36.2 54.3 51.5 51.6
Contributions for social insurance.............................. 112.5 131.0 148.4 170.2 190.9 222.0 242.2 259.1
---------------------------------------------------------------------------------------
Total receipts................................................ 325.2 381.0 429.2 497.0 546.7 633.5 653.7 658.1
=======================================================================================
Expenditures
Consumption expenditures........................................ 138.8 152.0 165.5 181.2 207.5 239.0 263.7 292.0
Defense....................................................... (99.3) (107.5) (116.2) (126.9) (145.3) (168.6) (192.2) (212.1)
Nondefense.................................................... (39.5) (44.4) (49.3) (54.4) (62.2) (70.4) (71.6) (79.9)
Transfer payments............................................... 157.4 170.5 182.8 202.5 239.7 279.8 311.9 346.9
Domestic (``to persons'')..................................... (154.3) (167.1) (179.3) (198.5) (235.4) (274.6) (305.6) (339.9)
Foreign....................................................... (3.1) (3.4) (3.5) (4.0) (4.3) (5.2) (6.3) (7.0)
Grants to State and local governments........................... 57.5 66.3 74.7 79.1 86.7 90.1 83.4 86.2
Net interest paid............................................... 25.1 28.5 33.1 40.2 50.1 66.1 81.8 89.9
Subsidies less current surplus of government enterprises........ 8.1 9.2 11.6 11.7 13.0 15.2 17.7 21.4
Subsidies..................................................... (5.0) (6.3) (8.9) (9.6) (9.3) (11.7) (13.5) (18.5)
Current surplus (-) or deficit................................ (3.1) (2.9) (2.8) (2.1) (3.7) (3.5) (4.2) (2.9)
Wage disbursements less accruals................................ -0.1 -0.1 -0.1 * ......... -0.1 * 0.4
---------------------------------------------------------------------------------------
Total expenditures............................................ 386.8 426.4 467.5 514.8 597.0 690.1 758.5 836.8
=======================================================================================
Surplus or deficit (-), NIPA basis............................ -61.5 -45.3 -38.3 -17.8 -50.3 -56.6 -104.8 -178.7
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
Table 14.1--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS FOR FEDERAL FISCAL YEARS: 1960-1998--Continued
(in billions of dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
1984 1985 1986 1987 1988 1989 1990 1991
--------------------------------------------------------------------------------------------------------------------------------------------------------
Receipts
Personal tax and nontax receipts................................ 300.7 337.8 353.6 398.3 407.9 458.3 477.3 477.4
Corporate profits tax accruals.................................. 75.1 75.0 80.5 99.3 107.7 119.1 116.5 111.5
Indirect business tax and nontax accruals....................... 57.4 58.9 53.7 56.4 60.4 61.7 63.6 75.8
Contributions for social insurance.............................. 290.5 326.9 348.7 368.5 405.6 430.8 455.1 476.7
---------------------------------------------------------------------------------------
Total receipts................................................ 723.7 798.7 836.4 922.5 981.5 1,069.9 1,112.5 1,141.5
=======================================================================================
Expenditures
Consumption expenditures........................................ 297.1 334.4 358.9 371.1 382.6 407.8 417.2 442.5
Defense....................................................... (222.5) (250.7) (271.0) (280.8) (293.4) (308.2) (306.1) (324.4)
Nondefense.................................................... (74.6) (83.8) (87.8) (90.3) (89.1) (99.6) (111.1) (118.1)
Transfer payments............................................... 351.3 373.0 393.9 410.1 431.6 461.4 505.6 509.6
Domestic (``to persons'')..................................... (342.4) (360.7) (380.6) (399.4) (420.5) (449.7) (490.7) (535.7)
Foreign....................................................... (9.0) (12.3) (13.3) (10.7) (11.1) (11.7) (14.9) (-26.0)
Grants to State and local governments........................... 91.6 98.6 108.2 103.3 108.4 115.8 128.4 147.1
Net interest paid............................................... 107.2 125.4 129.9 134.2 146.5 161.9 178.5 187.1
Subsidies less current surplus of government enterprises........ 29.9 26.6 26.7 30.2 34.4 32.9 29.5 31.7
Subsidies..................................................... (25.1) (23.6) (25.0) (28.7) (32.1) (31.1) (25.3) (28.5)
Current surplus (-) or deficit................................ (4.7) (3.0) (1.7) (1.4) (2.3) (1.8) (4.2) (3.1)
Wage disbursements less accruals................................ -0.1 0.1 ......... -0.1 0.1 ......... -* *
---------------------------------------------------------------------------------------
Total expenditures............................................ 877.0 958.2 1,017.6 1,048.8 1,103.5 1,179.7 1,259.2 1,318.1
=======================================================================================
Surplus or deficit (-), NIPA basis............................ -153.3 -159.5 -181.2 -126.4 -122.0 -109.9 -146.7 -176.6
--------------------------------------------------------------------------------------------------------------------------------------------------------
See footnotes at end of table.
[[Page 256]]
Table 14.1--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS FOR FEDERAL FISCAL YEARS: 1960-
1998--Continued
(in billions of dollars)
----------------------------------------------------------------------------------------------------------------
1997 1998
1992 1993 1994 1995 1996 estimate estimate
----------------------------------------------------------------------------------------------------------------
Receipts
Personal tax and nontax receipts... 485.8 513.4 555.9 602.7 666.0 687.7 723.2
Corporate profits tax accruals..... 115.4 130.9 157.6 183.2 179.5 189.2 196.8
Indirect business tax and nontax
accruals.......................... 80.9 86.4 92.7 91.7 85.9 90.4 87.8
Contributions for social insurance. 499.0 522.3 551.2 581.2 600.1 632.5 654.1
----------------------------------------------------------------------------
Total receipts................... 1,181.0 1,253.0 1,357.5 1,458.8 1,531.5 1,599.7 1,662.0
============================================================================
Expenditures
Consumption expenditures........... 448.9 452.3 454.3 454.8 451.2 456.4 449.9
Defense.......................... (318.9) (315.0) (310.8) (303.5) (305.3) (304.6) (297.9)
Nondefense....................... (130.0) (137.3) (143.5) (151.3) (145.8) (151.8) (152.0)
Transfer payments.................. 607.4 651.3 677.0 712.4 753.3 795.3 836.3
Domestic (``to persons'')........ (595.8) (633.6) (661.7) (697.3) (740.7) (782.0) (822.7)
Foreign.......................... (11.5) (17.7) (15.3) (15.1) (12.5) (13.3) (13.6)
Grants to State and local
governments....................... 168.4 180.1 196.3 204.4 214.7 230.8 246.6
Net interest paid.................. 197.9 192.0 195.9 224.3 229.7 236.0 240.0
Subsidies less current surplus of
government enterprises............ 34.1 39.3 40.5 33.5 37.1 38.7 36.1
Subsidies........................ (31.0) (35.5) (37.6) (34.0) (N/A) (N/A) (N/A)
Current surplus (-) or deficit... (3.1) (3.8) (2.9) (-0.5) (N/A) (N/A) (N/A)
----------------------------------------------------------------------------
Total expenditures............... 1,456.7 1,515.1 1,563.9 1,629.4 1,685.9 1,757.1 1,808.9
============================================================================
Surplus or deficit (-), NIPA
basis........................... -275.7 -262.1 -206.4 -170.6 -154.4 -157.4 -147.0
----------------------------------------------------------------------------------------------------------------
N/A: Not available.
* $50 million or less.