[Economic Indicators May, 1998]
[Page Number 34]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS

In the first quarter of 1998, according to current estimates, Federal 
receipts rose $43.0 billion (annual rate) and Federal current 
expenditures fell $18.1 billion.
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                                                            [Billions of dollars; quarterly data at seasonally adjusted annual rates]                                                           
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                                                                  Federal Government receipts                              Federal Government current expenditures                              
                                                      ------------------------------------------------------------------------------------------------------------------------------            
                                                                                                                                                             Subsi-                    Current  
                                                                                                                                                              dies                    surplus or
                                                                                                 Contri-              Con-                                    less                    deficit (-
                                                                 Personal  Corporate  Indirect   butions             sump-   Trans-   Grants-in-             current                 ), national
                        Period                                    tax and   profits   business     for                tion     fer      aid to       Net     surplus    Less: Wage    income and
                                                         Total    nontax      tax      tax and   social     Total    expen-   pay-    State and   interest     of     accruals less    product  
                                                                 receipts   accruals   nontax    insur-               di-     ments     local       paid     Govern-  disbursements    accounts 
                                                                                      accruals    ance               tures           governments              ment                              
                                                                                                                                                             enter-                             
                                                                                                                                                             prises                             
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Calendar year:                                                                                                                                                                                  
  1991...............................................   1,149.0     476.9     109.8       79.7     482.6   1,345.0    445.9   522.2      153.4       192.7      30.8        -0.1          -196.0
  1992...............................................   1,198.5     490.8     118.6       81.9     507.1   1,479.4    451.0   625.1      172.2       195.8      35.1          .0          -280.9
  1993 ..............................................   1,275.1     522.6     138.3       86.9     527.3   1,525.7    447.3   659.9      185.8       192.7      40.1          .0          -250.7
  1994 ..............................................   1,374.8     562.3     156.7       98.7     557.1   1,561.4    443.2   683.0      199.2       200.0      35.9          .0          -186.7
  1995 ..............................................   1,463.2     605.8     182.1       93.5     581.8   1,637.6    443.5   720.9      211.9       224.8      36.4          .0          -174.4
  1996 ..............................................   1,587.6     686.7     194.5       95.8     610.5   1,698.1    451.5   763.5      218.3       227.1      37.7          .0          -110.5
  1997 ..............................................   1,723.4     774.4     211.9       91.3     645.9   1,752.2    463.8   795.5      224.2       230.3      38.4          .0           -28.8
                                                                                                                                                                                                
1994:I ..............................................   1,324.5     542.0     136.9       98.2     547.4   1,533.5    442.4   670.6      194.5       189.9      36.0          .0          -209.0
      II ............................................   1,381.1     574.3     153.4       98.1     555.3   1,544.3    439.2   676.9      196.2       196.6      35.4          .0          -163.2
      III ...........................................   1,383.8     561.6     163.4       99.3     559.5   1,571.4    450.5   683.8      199.6       202.8      34.8          .0          -187.6
      IV ............................................   1,409.5     571.1     173.2       99.0     566.2   1,596.4    440.8   700.7      206.6       210.8      37.5          .0          -186.8
                                                                                                                                                                                                
1995:I ..............................................   1,429.0     581.4     179.0       94.3     574.3   1,620.6    444.8   709.5      212.2       218.8      35.3          .0          -191.5
      II ............................................   1,459.0     608.2     178.7       93.8     578.3   1,638.5    444.0   718.0      216.5       223.9      36.1          .0          -179.5
      III ...........................................   1,472.8     607.5     186.9       93.7     584.7   1,649.3    449.0   725.1      210.6       227.5      37.0          .0          -176.5
      IV ............................................   1,491.9     626.0     183.8       92.2     589.9   1,642.0    436.3   731.1      208.5       229.0      37.2          .0          -150.2
                                                                                                                                                                                                
1996:I ..............................................   1,526.3     644.9     192.1       91.7     597.6   1,679.9    444.6   757.6      213.7       226.6      37.4          .0          -153.6
      II ............................................   1,583.8     688.8     197.2       90.0     607.8   1,695.4    453.7   757.5      223.2       223.5      37.5          .0          -111.6
      III ...........................................   1,598.6     695.7     196.7       91.5     614.8   1,698.2    454.0   761.5      218.7       226.6      37.4          .0           -99.5
      IV ............................................   1,641.6     717.5     192.0      110.2     622.0   1,718.8    453.6   777.3      217.5       231.8      38.5          .0           -77.1
                                                                                                                                                                                                
1997:I ..............................................   1,675.3     746.9     204.9       88.2     635.3   1,730.8    458.0   785.9      219.6       228.9      38.4          .0           -55.5
      II ............................................   1,709.3     767.9     207.7       92.2     641.5   1,746.0    464.2   791.4      222.5       229.8      38.1          .0           -36.8
      III............................................   1,741.8     781.9     219.3       92.4     648.2   1,752.6    464.7   794.5      224.2       231.2      37.9          .0           -10.8
      IV.............................................   1,767.4     801.0     215.5       92.3     658.6   1,779.5    468.4   810.2      230.6       231.3      39.0          .0           -12.1
                                                                                                                                                                                                
1998:I r.............................................   1,810.4     835.8     208.7       92.3     673.6   1,761.4    456.6   812.1      225.9       228.1      38.7          .0            49.0
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    Source: Department of Commerce, 
Bureau of Economic Analysis.