[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: 1947-2001]
[From the U.S. Government Publishing Office, www.gpo.gov]
[[Page 272]]
Table 14.2--FEDERAL TRANSACTIONS IN THE NATIONAL INCOME AND PRODUCT ACCOUNTS AS PERCENTAGES OF GDP FOR FEDERAL
FISCAL YEARS: 1999-2001
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1999 2000 estimate 2001 estimate
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Receipts
Personal tax and nontax receipts................................ 9.7 9.8 9.6
Corporate profits tax accruals.................................. 2.3 2.3 2.2
Indirect business tax and nontax accruals....................... 1.1 1.1 1.2
Social insurance receipts....................................... 7.1 7.1 7.1
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Total receipts................................................ 20.2 20.4 20.1
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Expenditures
Consumption expenditures........................................ 5.1 5.1 4.8
Defense....................................................... (3.3) (3.3) (3.2)
Nondefense.................................................... (1.7) (1.8) (1.7)
Transfer payments............................................... 8.1 8.1 8.2
Domestic (``to persons'')..................................... (8.0) (8.0) (8.0)
Foreign....................................................... (0.1) (0.1) (0.1)
Grants to State and local governments........................... 2.5 2.5 2.6
Net interest paid............................................... 2.9 2.7 2.5
Subsidies less current surplus of government enterprises........ 0.4 0.4 0.3
Subsidies..................................................... (N/A) (N/A) (N/A)
Current surplus (-) or deficit................................ (N/A) (N/A) (N/A)
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Total expenditures............................................ 18.9 18.8 18.3
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Surplus or deficit (-), NIPA basis............................ 1.3 1.7 1.8
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