[Economic Indicators July, 2003]
[Page Number 34]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS

In the second quarter of 2003, according to advance estimates, Federal 
current expenditures rose $95.7 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 current 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:
  1993 ..............................................   1,197.3     509.9     138.5       85.3     463.7   1,471.5    442.6   597.9      162.6       230.2      38.2         0.0          -274.1
  1994 ..............................................   1,293.7     547.8     156.7       95.2     493.9   1,506.0    439.7   618.6      174.5       239.6      33.6          .0          -212.3
  1995 ..............................................   1,383.7     591.8     179.3       93.0     519.6   1,575.7    439.2   652.1      184.5       267.5      32.4          .0          -192.0
  1996 ..............................................   1,499.1     670.0     190.6       95.1     543.3   1,635.9    445.3   691.6      190.4       273.6      35.1          .0          -136.8
  1997 ..............................................   1,625.5     751.9     203.0       93.7     577.0   1,678.8    456.9   717.5      196.8       276.2      31.5          .0           -53.3
  1998 ..............................................   1,749.7     834.9     204.2       97.4     613.1   1,705.9    453.1   730.6      210.3       278.5      33.4          .0            43.8
  1999 ..............................................   1,867.2     903.3     213.0      100.2     650.7   1,755.3    471.6   745.8      231.0       263.8      43.0          .0           111.9
  2000 ..............................................   2,033.9   1,009.0     223.8      109.1     692.1   1,827.1    493.3   779.5      247.5       263.0      43.8          .0           206.9
  2001 ..............................................   2,008.4   1,010.9     170.2      110.3     716.9   1,936.4    528.4   842.2      277.4       238.1      50.3          .0            72.0
  2002 ..............................................   1,873.3     845.8     179.8      110.6     737.1   2,075.5    586.5   931.7      305.7       207.8      43.7          .0          -202.1
 
 
2000:I ..............................................   2,009.6     984.5     233.7      107.0     684.5   1,786.4    480.0   758.5      239.4       264.2      44.2          .0           223.2
      II ............................................   2,022.9     997.2     230.5      109.5     685.7   1,825.7    501.3   774.6      242.2       264.1      43.5          .0           197.2
      III ...........................................   2,049.1   1,020.5     222.1      109.8     696.6   1,835.9    494.2   781.3      253.8       263.0      43.6          .0           213.2
      IV ............................................   2,054.1   1,033.6     208.9      110.1     701.5   1,860.3    497.7   803.5      254.6       260.5      44.0          .0           193.8
 
2001:I ..............................................   2,072.9   1,057.9     186.9      112.3     715.8   1,899.1    517.3   816.3      266.8       254.1      44.6          .0           173.8
      II ............................................   2,072.3   1,059.8     183.2      112.2     717.1   1,927.8    524.9   832.2      281.9       243.1      45.6          .0           144.4
      III ...........................................   1,896.0     900.4     168.0      109.5     718.1   1,947.7    527.9   849.3      271.4       233.6      65.5          .0           -51.7
      IV ............................................   1,992.3   1,025.5     142.9      107.3     716.6   1,971.0    543.6   870.9      289.4       221.6      45.5          .0            21.3
 
2002:I ..............................................   1,884.7     874.8     170.5      108.4     731.1   2,030.5    566.3   916.9      292.3       208.5      46.6          .0          -145.8
      II ............................................   1,883.7     856.6     180.2      110.2     736.7   2,079.3    581.0   927.6      309.6       214.9      46.3          .0          -195.6
      III ...........................................   1,864.1     831.3     181.1      112.4     739.3   2,074.6    589.8   934.1      305.0       205.8      39.9          .0          -210.5
      IV ............................................   1,860.8     820.5     187.5      111.5     741.4   2,117.4    608.9   948.5      315.8       202.1      42.1          .0          -256.6
 
2003:I ..............................................   1,869.8     803.3     200.7      111.2     754.6   2,145.1    626.6   970.7      313.0       192.7      43.5         1.4          -275.3
      II p...........................................  ........     808.7  .........     111.6     758.1   2,240.8    662.9   985.9      336.6       195.0      59.0        -1.4     ...........
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    Source: Department of Commerce, 
Bureau of Economic Analysis.