[Historical Tables]
[Section 14 - Federal Sector Transactions in the National Income and Product Accounts]
[Table 14.2 - Federal Transactions in the National Income and Product Accounts as Percentages of GDP for Federal Fiscal Years: 1947-2000]
[From the U.S. Government Publishing Office, www.gpo.gov]
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1947-2000
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1947 1948 1949 1950 1951 1952 1953 1954 1955
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Receipts
Personal tax and nontax receipts..................... 8.0 7.8 6.0 6.0 7.2 8.3 8.4 8.0 7.5
Corporate profits tax accruals....................... 4.5 4.3 4.0 4.3 6.8 5.6 5.3 4.6 4.8
Indirect business tax and nontax accruals............ 3.4 3.1 3.0 3.0 3.0 2.8 2.9 2.8 2.5
Social insurance receipts............................ 2.9 2.1 2.0 2.2 2.2 2.2 2.1 2.2 2.3
--------------------------------------------------------------------------------------------------
Total receipts..................................... 18.8 17.3 15.0 15.5 19.1 18.8 18.7 17.5 17.2
==================================================================================================
Expenditures
Consumption expenditures............................. 9.9 7.8 8.7 8.3 8.3 11.5 12.8 12.3 10.8
Defense............................................ (8.6) (6.5) (6.4) (6.0) (7.1) (10.2) (11.1) (10.5) (9.1)
Nondefense......................................... (1.3) (1.4) (2.3) (2.3) (1.2) (1.3) (1.7) (1.8) (1.7)
Transfer payments.................................... 4.3 4.4 4.8 5.7 3.5 3.2 3.0 3.2 3.6
Domestic (``to persons'').......................... (3.5) (3.4) (3.0) (4.1) (2.5) (2.4) (2.5) (2.8) (3.1)
Foreign............................................ (0.8) (1.0) (1.8) (1.6) (1.0) (0.8) (0.6) (0.5) (0.5)
Grants to State and local governments................ 0.6 0.7 0.8 0.9 0.7 0.7 0.7 0.8 0.8
Net interest paid.................................... 1.7 1.6 1.5 1.6 1.4 1.3 1.2 1.2 1.2
Subsidies less current surplus of government
enterprises......................................... 0.3 0.2 0.3 0.3 0.4 0.3 0.2 0.2 0.2
Subsidies.......................................... (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A)
Current surplus (-) or deficit..................... (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A) (N/A)
Wage disbursements less accruals..................... ......... ......... ......... ......... -* -* * * -*
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Total expenditures................................. 16.8 14.7 16.1 16.8 14.3 17.0 18.0 17.7 16.5
==================================================================================================
Surplus or deficit (-), NIPA basis................. 2.0 2.6 -1.1 -1.2 4.8 1.8 0.7 -0.2 0.7
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See footnotes at end of table.
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1947-2000--Continued
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1956 1957 1958 1959 1960 1961 1962 1963 1964
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Receipts
Personal tax and nontax receipts..................... 7.9 8.1 7.9 7.8 8.2 8.2 8.3 8.3 7.9
Corporate profits tax accruals....................... 5.0 4.6 3.9 4.4 4.3 3.8 4.0 3.9 4.0
Indirect business tax and nontax accruals............ 2.6 2.6 2.5 2.4 2.6 2.5 2.5 2.5 2.4
Social insurance receipts............................ 2.5 2.7 2.8 3.0 3.4 3.6 3.7 3.9 3.9
--------------------------------------------------------------------------------------------------
Total receipts..................................... 18.0 18.1 17.1 17.5 18.4 18.1 18.5 18.6 18.3
==================================================================================================
Expenditures
Consumption expenditures............................. 10.6 10.4 10.9 10.5 9.9 9.9 9.8 10.0 9.9
Defense............................................ (8.9) (9.1) (9.5) (8.7) (8.1) (8.2) (8.2) (8.0) (7.9)
Nondefense......................................... (1.7) (1.4) (1.4) (1.8) (1.8) (1.7) (1.7) (2.0) (2.1)
Transfer payments.................................... 3.4 3.6 4.3 4.4 4.3 4.8 4.8 4.8 4.6
Domestic (``to persons'').......................... (3.0) (3.2) (3.9) (4.0) (4.0) (4.5) (4.4) (4.4) (4.3)
Foreign............................................ (0.4) (0.4) (0.4) (0.4) (0.3) (0.4) (0.4) (0.3) (0.3)
Grants to State and local governments................ 0.7 0.8 1.0 1.3 1.3 1.3 1.3 1.4 1.5
Net interest paid.................................... 1.1 1.2 1.2 1.1 1.3 1.2 1.1 1.2 1.2
Subsidies less current surplus of government
enterprises......................................... 0.2 0.4 0.3 0.3 0.3 0.4 0.5 0.4 0.4
Subsidies.......................................... (N/A) (N/A) (N/A) (N/A) (0.2) (0.3) (0.4) (0.4) (0.4)
Current surplus (-) or deficit..................... (N/A) (N/A) (N/A) (N/A) (*) (0.1) (0.1) (0.1) (*)
Wage disbursements less accruals..................... * ......... -0.1 0.1 ......... ......... ......... ......... .........
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Total expenditures................................. 16.1 16.4 17.6 17.7 17.1 17.6 17.6 17.8 17.7
==================================================================================================
Surplus or deficit (-), NIPA basis................. 1.9 1.7 -0.5 -0.1 1.3 0.5 0.9 0.7 0.5
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See footnotes at end of table.
[[Page 267]]
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1947-2000--Continued
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1965 1966 1967 1968 1969 1970 1971 1972 1973
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Receipts
Personal tax and nontax receipts..................... 7.5 7.6 7.9 8.2 9.5 9.3 8.1 8.5 8.2
Corporate profits tax accruals....................... 4.0 4.1 3.7 3.8 3.9 3.3 3.0 2.9 3.1
Indirect business tax and nontax accruals............ 2.5 2.1 2.0 2.0 2.0 1.9 1.9 1.7 1.6
Social insurance receipts............................ 3.8 4.0 4.6 4.7 4.9 5.2 5.3 5.4 5.9
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Total receipts..................................... 17.7 17.8 18.3 18.7 20.3 19.6 18.2 18.6 18.8
==================================================================================================
Expenditures
Consumption expenditures............................. 9.3 9.5 10.3 10.7 10.4 10.0 9.5 9.1 8.5
Defense............................................ (7.2) (7.5) (8.3) (8.7) (8.3) (7.9) (7.4) (6.9) (6.3)
Nondefense......................................... (2.1) (2.1) (2.1) (2.0) (2.0) (2.1) (2.1) (2.3) (2.2)
Transfer payments.................................... 4.4 4.5 4.8 5.2 5.4 5.7 6.5 6.7 6.9
Domestic (``to persons'').......................... (4.1) (4.2) (4.6) (4.9) (5.2) (5.5) (6.3) (6.5) (6.7)
Foreign............................................ (0.3) (0.3) (0.3) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2)
Grants to State and local governments................ 1.6 1.7 1.8 2.1 2.0 2.2 2.5 2.8 3.1
Net interest paid.................................... 1.2 1.2 1.2 1.2 1.3 1.3 1.3 1.2 1.2
Subsidies less current surplus of government
enterprises......................................... 0.5 0.5 0.6 0.5 0.5 0.5 0.6 0.6 0.7
Subsidies.......................................... (0.4) (0.4) (0.5) (0.4) (0.4) (0.4) (0.5) (0.5) (0.6)
Current surplus (-) or deficit..................... (*) (0.1) (0.1) (0.1) (*) (0.1) (0.2) (0.1) (0.1)
Wage disbursements less accruals..................... ......... ......... ......... ......... ......... -* * ......... -*
--------------------------------------------------------------------------------------------------
Total expenditures................................. 17.0 17.4 18.8 19.6 19.5 19.8 20.4 20.4 20.3
==================================================================================================
Surplus or deficit (-), NIPA basis................. 0.7 0.4 -0.5 -1.0 0.8 -0.2 -2.2 -1.8 -1.6
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See footnotes at end of table.
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1947-2000--Continued
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1974 1975 1976 1977 1978 1979 1980 1981 1982
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Receipts
Personal tax and nontax receipts..................... 8.5 8.2 7.9 8.4 8.4 8.9 9.2 9.4 9.6
Corporate profits tax accruals....................... 3.0 2.7 3.0 3.0 3.0 3.0 2.6 2.3 1.6
Indirect business tax and nontax accruals............ 1.5 1.4 1.4 1.3 1.3 1.2 1.3 1.8 1.6
Social insurance receipts............................ 6.3 6.5 6.5 6.6 6.7 6.8 7.0 7.3 7.5
--------------------------------------------------------------------------------------------------
Total receipts..................................... 19.4 18.9 18.8 19.3 19.4 19.9 20.1 20.8 20.4
==================================================================================================
Expenditures
Consumption expenditures............................. 8.1 8.4 8.0 7.7 7.5 7.3 7.6 7.8 8.2
Defense............................................ (6.0) (6.0) (5.7) (5.5) (5.3) (5.1) (5.3) (5.5) (6.0)
Nondefense......................................... (2.1) (2.4) (2.3) (2.3) (2.2) (2.2) (2.3) (2.3) (2.2)
Transfer payments.................................... 7.3 8.7 9.1 8.6 8.3 8.1 8.8 9.2 9.7
Domestic (``to persons'').......................... (7.1) (8.5) (8.9) (8.5) (8.1) (8.0) (8.7) (9.0) (9.5)
Foreign............................................ (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2)
Grants to State and local governments................ 2.9 3.1 3.3 3.4 3.4 3.2 3.2 3.0 2.6
Net interest paid.................................... 1.4 1.4 1.4 1.4 1.5 1.6 1.8 2.2 2.5
Subsidies less current surplus of government
enterprises......................................... 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Subsidies.......................................... (0.4) (0.3) (0.3) (0.3) (0.4) (0.4) (0.3) (0.4) (0.4)
Current surplus (-) or deficit..................... (0.2) (0.2) (0.2) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1)
Wage disbursements less accruals..................... * * -* -* -* * ......... -* *
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Total expenditures................................. 20.2 22.1 22.4 21.6 21.1 20.6 22.0 22.6 23.6
==================================================================================================
Surplus or deficit (-), NIPA basis................. -0.8 -3.2 -3.6 -2.3 -1.7 -0.7 -1.9 -1.9 -3.3
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See footnotes at end of table.
[[Page 268]]
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1947-2000--Continued
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1983 1984 1985 1986 1987 1988 1989 1990 1991
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Receipts
Personal tax and nontax receipts..................... 8.5 7.9 8.2 8.1 8.6 8.2 8.6 8.4 8.1
Corporate profits tax accruals....................... 1.6 2.0 1.8 1.8 2.2 2.2 2.2 2.0 1.9
Indirect business tax and nontax accruals............ 1.5 1.5 1.4 1.2 1.2 1.2 1.2 1.1 1.3
Social insurance receipts............................ 7.6 7.6 8.0 8.0 8.0 8.2 8.0 8.0 8.1
--------------------------------------------------------------------------------------------------
Total receipts..................................... 19.2 19.0 19.5 19.1 20.0 19.8 20.0 19.6 19.5
==================================================================================================
Expenditures
Consumption expenditures............................. 8.5 7.8 8.1 8.2 8.1 7.8 7.5 7.4 7.6
Defense............................................ (6.2) (5.9) (6.1) (6.2) (6.1) (6.0) (5.6) (5.4) (5.6)
Nondefense......................................... (2.3) (2.0) (2.0) (2.0) (2.0) (1.8) (1.9) (2.0) (2.0)
Transfer payments.................................... 10.1 9.2 9.1 9.0 8.9 8.7 8.6 8.9 8.7
Domestic (``to persons'').......................... (9.9) (9.0) (8.8) (8.7) (8.7) (8.5) (8.4) (8.6) (9.1)
Foreign............................................ (0.2) (0.2) (0.3) (0.3) (0.2) (0.2) (0.2) (0.3) (-0.4)
Grants to State and local governments................ 2.5 2.4 2.4 2.5 2.2 2.2 2.2 2.3 2.5
Net interest paid.................................... 2.6 2.8 3.1 3.0 2.9 3.0 3.0 3.1 3.2
Subsidies less current surplus of government
enterprises......................................... 0.6 0.8 0.6 0.6 0.7 0.7 0.6 0.5 0.5
Subsidies.......................................... (0.5) (0.7) (0.6) (0.6) (0.6) (0.6) (0.6) (0.4) (0.5)
Current surplus (-) or deficit..................... (0.1) (0.1) (0.1) (*) (*) (*) (*) (0.1) (0.1)
Wage disbursements less accruals..................... * -* * ......... -* * ......... -* *
--------------------------------------------------------------------------------------------------
Total expenditures................................. 24.4 23.1 23.3 23.3 22.8 22.3 21.9 22.2 22.5
==================================================================================================
Surplus or deficit (-), NIPA basis................. -5.2 -4.1 -3.9 -4.1 -2.8 -2.5 -1.9 -2.6 -3.0
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See footnotes at end of table.
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL FISCAL YEARS: 1947-2000--Continued
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1999 2000
1992 1993 1994 1995 1996 1997 1998 estimate estimate
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Receipts
Personal tax and nontax receipts..................... 7.9 7.9 8.1 8.3 8.9 9.4 10.1 10.3 10.2
Corporate profits tax accruals....................... 1.9 2.0 2.2 2.5 2.5 2.6 2.5 2.4 2.3
Indirect business tax and nontax accruals............ 1.3 1.3 1.4 1.3 1.2 1.2 1.1 1.1 1.2
Social insurance receipts............................ 8.1 8.1 8.1 8.0 7.9 8.0 8.0 8.0 8.1
--------------------------------------------------------------------------------------------------
Total receipts..................................... 19.2 19.3 19.8 20.1 20.5 21.2 21.8 21.8 21.8
==================================================================================================
Expenditures
Consumption expenditures............................. 7.3 6.9 6.5 6.2 5.8 5.7 5.4 5.4 5.2
Defense............................................ (5.2) (4.8) (4.5) (4.2) (3.9) (3.8) (3.6) (3.5) (3.4)
Nondefense......................................... (2.1) (2.1) (2.0) (2.0) (1.9) (1.9) (1.8) (1.9) (1.9)
Transfer payments.................................... 9.9 10.1 9.9 9.9 10.0 9.8 9.6 9.6 9.7
Domestic (``to persons'').......................... (9.7) (9.8) (9.7) (9.7) (9.8) (9.7) (9.4) (9.5) (9.5)
Foreign............................................ (0.2) (0.3) (0.2) (0.2) (0.2) (0.2) (0.1) (0.1) (0.1)
Grants to State and local governments................ 2.7 2.8 2.9 2.9 2.9 2.8 2.8 2.9 3.0
Net interest paid.................................... 3.2 3.0 2.9 3.1 3.0 2.9 2.8 2.5 2.2
Subsidies less current surplus of government
enterprises......................................... 0.6 0.6 0.6 0.5 0.4 0.4 0.3 0.4 0.3
Subsidies.......................................... (0.5) (0.5) (0.5) (0.5) (0.5) (0.4) (N/A) (N/A) (N/A)
Current surplus (-) or deficit..................... (*) (*) (*) (*) (-*) (*) (N/A) (N/A) (N/A)
--------------------------------------------------------------------------------------------------
Total expenditures................................. 23.7 23.4 22.7 22.6 22.1 21.6 20.9 20.8 20.5
==================================================================================================
Surplus or deficit (-), NIPA basis................. -4.5 -4.0 -2.9 -2.5 -1.6 -0.5 0.8 1.0 1.3
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* 0.05 percent or less.