[Economic Indicators March, 2005]
[Page Number 34]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS

In the fourth quarter of 2004, according to current estimates, Federal 
current receipts rose $66.7 billion (annual rate) and Federal current 
expenditures rose $47.9 billion.
________________________________________________________________________


________________________________________________________________________

                                                            [Billions of dollars; quarterly data at seasonally adjusted annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                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
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Calendar year:
  1995 ...........................   1,406.5     845.1    586.0      75.9     179.3     519.2      23.7      19.1       -0.6      1,603.5    440.5      839.0      290.4       33.7       -197.0
  1996 ...........................   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 ...........................   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 ...........................   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 ...........................   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 ...........................   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 ...........................   2,016.2   1,252.2    994.5      85.8     164.7     717.5      24.9      27.1       -5.5      1,969.5    531.9    1,131.4      258.6       47.6         46.7
  2002 ...........................   1,847.3   1,069.0    831.2      87.3     143.4     733.8      20.3      24.8        -.6      2,101.8    592.7    1,243.0      229.0       37.2       -254.5
  2003 ...........................   1,877.0   1,064.5    775.8      89.4     191.4     758.2      23.0      25.5        5.8      2,241.6    658.6    1,322.5      214.1       46.4       -364.5
  2004 r..........................   1,965.7   1,108.0    790.9      90.1     218.1     803.6      22.9      26.8        4.4      2,341.2    704.5    1,378.0      219.0       39.7       -375.6
 
2001:I ...........................   2,089.2   1,323.0  1,047.3      87.6     180.7     716.4      26.4      27.2       -3.8      1,932.6    518.4    1,095.4      274.5       44.3        156.6
      II .........................   2,080.5   1,315.6  1,045.7      86.9     176.6     718.1      25.2      27.3       -5.7      1,956.9    528.0    1,121.2      263.7       44.0        123.6
      III ........................   1,895.4   1,132.0    881.0      84.2     159.7     717.9      24.4      27.1       -6.1      1,984.0    532.7    1,135.5      253.3       62.5        -88.6
      IV .........................   1,999.6   1,238.1  1,004.1      84.6     141.6     717.6      23.5      26.6       -6.2      2,004.3    548.4    1,173.4      242.8       39.7         -4.7
 
2002:I ...........................   1,844.6   1,070.4    846.9      85.1     131.4     731.3      21.3      25.4       -3.7      2,053.1    570.7    1,216.9      228.5       37.0       -208.5
      II .........................   1,850.5   1,074.1    835.6      87.8     143.2     734.6      20.2      24.9       -3.3      2,102.1    586.3    1,243.2      236.5       36.1       -251.6
      III ........................   1,847.9   1,066.6    824.4      88.2     146.9     734.3      19.9      24.7        2.4      2,103.1    593.4    1,246.9      226.2       36.6       -255.1
      IV .........................   1,846.2   1,064.8    817.7      88.0     152.2     734.9      19.8      24.3        2.3      2,148.8    620.3    1,264.8      224.7       39.0       -302.7
 
2003:I ...........................   1,888.6   1,089.7    809.6      90.3     183.1     747.7      19.4      25.1        6.6      2,170.2    634.3    1,280.8      213.9       42.5       -281.6
      II .........................   1,902.5   1,094.2    811.6      89.6     183.1     754.0      22.8      25.4        6.0      2,266.9    665.7    1,327.5      217.7       54.6       -364.4
      III ........................   1,816.4     999.3    709.2      88.0     194.3     761.6      24.3      25.8        5.5      2,249.4    663.0    1,331.1      210.1       45.3       -433.0
      IV .........................   1,900.6   1,074.9    772.5      89.6     204.9     769.5      25.5      25.6        5.0      2,279.8    671.3    1,350.6      214.7       43.2       -379.2
 
2004:I ...........................   1,915.3   1,073.9    768.3      89.0     207.9     787.9      22.9      26.1        4.6      2,306.3    691.1    1,365.9      211.1       39.7       -391.0
      II .........................   1,949.1   1,098.5    781.5      89.3     219.5     797.6      22.2      26.2        4.5      2,329.1    700.3    1,367.9      220.7       38.7       -380.0
      III ........................   1,965.8   1,101.9    799.6      89.2     204.9     810.1      22.9      26.6        4.3      2,340.8    713.0    1,368.8      220.0       39.0       -375.0
      IV r........................   2,032.5   1,157.6    814.3      92.7     240.2     818.8      23.7      28.4        4.1      2,388.7    713.6    1,409.4      224.2       41.6       -356.2
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    \1\ Includes taxes from the rest 
of the world, not shown separately.
    \2\ Includes a subtraction for 
wage accruals less disbursements, 
not shown separately.

    Source: Department of Commerce, 
Bureau of Economic Analysis.