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



 
FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS

In the third quarter of 1998, according to advance estimates, Federal 
current expenditures fell $3.7 billion (annual rate); receipts data are 
incomplete.
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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 ..............................................   1,460.3     606.1     179.3       92.5     582.4   1,634.7    442.8   720.3      212.0       224.8      34.8          .0          -174.4
  1996 ..............................................   1,584.7     687.0     193.0       94.5     610.2   1,695.0    450.9   764.2      218.9       228.4      32.7          .0          -110.3
  1997 ..............................................   1,719.9     769.1     210.0       93.8     647.0   1,741.0    460.4   791.9      225.0       231.2      32.5          .0           -21.1
 
1994: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 ..............................................   1,426.2     582.9     172.5       96.0     574.7   1,615.8    443.0   707.8      212.4       218.3      34.4          .0          -189.6
      II ............................................   1,459.3     609.4     176.6       94.6     578.7   1,637.1    444.7   717.1      216.4       224.3      34.6          .0          -177.9
      III ...........................................   1,469.1     608.2     186.2       89.2     585.5   1,646.0    447.2   724.8      211.0       227.8      35.2          .0          -176.9
      IV ............................................   1,486.8     623.9     182.1       90.3     590.5   1,639.8    436.5   731.5      208.1       228.7      35.1          .0          -153.0
 
1996:I ..............................................   1,529.9     652.6     191.2       89.9     596.2   1,680.0    445.7   757.8      214.3       227.7      34.4          .0          -150.1
      II ............................................   1,581.7     691.4     195.2       88.5     606.7   1,694.4    453.1   757.9      223.8       226.1      33.5          .0          -112.6
      III ...........................................   1,593.7     693.8     194.3       90.5     615.0   1,693.8    452.9   762.5      219.0       228.6      30.8          .0          -100.1
      IV ............................................   1,633.5     710.0     191.4      109.2     622.9   1,711.9    451.8   778.6      218.4       231.1      32.0          .0           -78.3
 
1997:I ..............................................   1,671.1     741.7     203.9       90.7     634.8   1,722.3    456.8   783.4      220.7       229.4      32.0          .0           -51.2
      II ............................................   1,703.6     759.1     206.5       95.5     642.4   1,738.4    464.8   787.1      223.2       231.6      31.6          .0           -34.8
      III ...........................................   1,739.6     776.9     217.0       95.1     650.6   1,739.9    460.0   791.2      224.4       231.9      32.5          .0             -.3
      IV ............................................   1,765.5     798.6     212.8       93.8     660.3   1,763.4    460.1   805.9      231.8       231.8      33.7          .0             2.2
 
1998:I ..............................................   1,809.1     836.5     204.8       93.9     673.9   1,750.3    450.9   808.5      228.7       228.8      33.4          .0            58.8
      II.............................................   1,838.3     855.7     206.2       95.2     681.2   1,763.9    464.0   811.1      226.9       228.3      33.5          .0            74.4
      III p..........................................  ........     868.9  .........      97.3     689.0   1,760.2    458.5   814.5      227.6       225.6      33.9          .0     ...........
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    Source: Department of Commerce, 
Bureau of Economic Analysis.