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



 
FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS

In the third quarter of 2003, according to revised estimates, Federal 
current receipts fell $79.6 billion (annual rate), while Federal current 
expenditures fell $4.8 billion. (Series reflects benchmark revision.)
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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
                                   -------------------------------------------------------------------------------------------------------------------------------------------------
                                                       Current tax receipts           Contri-
                                             ---------------------------------------  butions                                                Con-                                        Net
                                                                                        for     Income               Current                sump-   Cur- rent                          Federal
              Period                                      Per-   Taxes on  Taxes on   govern-  receipts   Current   surplus of               tion     trans-     Inter-     Subsi-     Govern-
                                      Total              sonal    produc-   corpo-     ment       on     transfer   government   Total\2\   expen-   fer pay-   est pay-     dies        ment
                                              Total\1\    cur-   tion and  rate in-   social    assets   receipts  enterprises               di-      ments      ments                  saving
                                                          rent    imports    come     insur-                                                tures
                                                         taxes                         ance
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Calendar year:
  1993 r..........................   1,222.5     713.4    505.5      66.7     138.5     463.6      26.2      21.1       -1.8      1,496.0    441.9      764.7      253.4       36.0       -273.5
  1994 r..........................   1,320.8     781.9    542.7      79.4     156.7     493.7      23.4      22.3        -.4      1,533.1    440.8      799.2      261.3       31.8       -212.3
  1995 r..........................   1,406.5     845.1    586.0      75.9     179.3     519.2      23.7      19.1        -.6      1,603.5    440.5      839.0      290.4       33.7       -197.0
  1996 r..........................   1,524.0     932.4    663.4      73.2     190.6     542.8      26.9      23.1       -1.2      1,665.8    446.3      888.3      297.3       34.0       -141.8
  1997 r..........................   1,653.1   1,030.6    744.3      78.2     203.0     576.4      25.9      19.9         .3      1,708.9    457.7      918.8      300.0       32.4        -55.8
  1998 r..........................   1,773.8   1,116.8    825.8      81.1     204.2     613.8      21.5      21.5         .1      1,734.9    454.6      946.5      298.8       35.0         38.8
  1999 r..........................   1,891.2   1,195.7    893.0      83.9     213.0     651.6      21.5      22.7        -.3      1,787.6    475.1      986.1      282.7       43.8        103.6
  2000 r..........................   2,053.8   1,313.6    999.1      87.8     219.4     691.7      25.2      25.7       -2.3      1,864.4    499.3    1,038.1      283.3       43.8        189.5
  2001 r..........................   2,017.8   1,254.9  1,000.0      86.0     161.8     715.4      24.4      27.4       -4.1      1,967.3    531.7    1,130.5      257.5       47.6         50.5
  2002 r..........................   1,860.7   1,080.7    831.1      87.6     154.8     736.7      20.6      25.8       -3.1      2,100.7    590.8    1,243.4      229.3       37.2       -240.0
 
2000:I r..........................   2,035.7   1,301.9    975.4      86.7     233.0     685.3      24.5      24.8        -.8      1,823.0    485.7    1,008.2      285.1       43.9        212.7
      II r........................   2,044.9   1,309.4    987.4      88.9     225.5     685.6      25.5      25.3        -.9      1,863.5    505.1    1,028.8      285.7       43.8        181.4
      III r.......................   2,066.8   1,322.6  1,011.7      88.1     215.6     696.5      25.0      25.8       -3.1      1,875.5    501.5    1,047.8      282.5       43.7        191.2
      IV r........................   2,068.0   1,320.4  1,021.7      87.5     203.7     699.4      25.9      26.7       -4.5      1,895.5    505.0    1,067.4      279.6       43.5        172.5
 
2001:I r..........................   2,088.5   1,324.4  1,051.2      87.9     178.1     713.7      26.1      27.4       -3.1      1,932.4    520.0    1,094.2      273.7       44.5        156.1
      II r........................   2,082.9   1,319.9  1,050.2      86.8     176.5     714.5      25.0      27.5       -4.1      1,953.9    527.0    1,120.6      262.4       43.9        128.9
      III r.......................   1,901.8   1,138.9    887.0      84.4     160.2     715.7      24.0      27.5       -4.3      1,981.9    531.1    1,135.8      252.7       62.3        -80.1
      IV r........................   1,998.2   1,236.5  1,011.5      84.9     132.4     717.5      22.3      27.1       -5.1      2,001.1    548.6    1,171.3      241.4       39.8         -2.8
 
2002:I r..........................   1,857.7   1,085.2    849.0      85.4     143.4     730.3      20.2      26.1       -4.0      2,046.5    569.4    1,211.9      227.1       38.2       -188.8
      II r........................   1,865.4   1,088.8    836.6      88.1     156.4     736.1      19.7      25.8       -5.2      2,097.4    582.6    1,241.6      235.9       37.2       -232.0
      III r.......................   1,859.9   1,076.1    823.6      87.9     157.5     738.6      20.5      25.7       -1.0      2,102.8    590.4    1,249.2      226.7       36.5       -242.9
      IV r........................   1,859.7   1,072.7    815.4      89.0     161.7     741.9      22.0      25.4       -2.3      2,156.1    620.7    1,270.8      227.6       37.0       -296.3
 
2003:I r..........................   1,863.5   1,060.3    794.3      88.3     171.0     755.1      22.5      26.0        -.4      2,184.0    635.9    1,287.3      217.7       44.5       -320.4
      II r........................   1,863.9   1,057.1    794.6      87.7     167.9     758.5      23.6      26.3       -1.6      2,288.5    668.9    1,339.5      222.5       56.3       -424.7
      III r.......................   1,784.3     972.1    696.3      86.3     182.8     763.1      24.9      26.9       -2.5      2,283.7    672.3    1,348.9      215.6       47.0       -499.4
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    \1\ Includes taxes from the rest 
of the world, not shown separately.
    \2\ Includes a subtraction for 
wage accruals less disbursements, 
not shown separately.
    Note.--See Note, p. 1.

    Source: Department of Commerce, 
Bureau of Economic Analysis.