[Economic Indicators May, 2007]
[Page Number 34]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS

In the first quarter of 2007, according to current estimates, Federal 
current receipts rose $70.8 billion (annual rate); while Federal current 
expenditures data rose $83.7 billion.
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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     social    assets   receipts  enterprises               di-      ments      ments                  saving
                                                          rent    imports   income    insur-                                                tures
                                                         taxes                         ance
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Calendar year:
  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...........................   1,853.2    1,075.5    830.5      87.3     150.5     734.3      20.2      24.8       -1.6      2,101.1    591.5    1,243.0      229.1       37.5       -247.9
  2003 ..........................   1,879.9    1,070.8    774.5      89.7     197.8     758.9      22.9      25.0        2.3      2,252.1    662.7    1,328.7      212.9       47.8       -372.1
  2004 ..........................   2,001.0    1,150.2    801.4      94.6     244.5     802.2      22.1      27.7       -1.2      2,383.0    724.5    1,393.3      220.9       44.3       -382.0
  2005 ..........................   2,246.8    1,366.2    927.9     101.1     326.4     855.3      22.9       7.1       -4.9      2,555.9    768.6    1,476.7      253.8       56.9       -309.2
  2006 r.........................   2,540.8    1,563.4  1,061.5     100.8     388.5     920.9      25.0      32.9       -1.4      2,691.7    808.0    1,551.1      280.4       52.1       -151.0
 
2003:III ........................   1,817.3    1,004.5    708.2      88.8     199.6     761.7      24.2      25.4        1.5      2,268.8    669.1    1,342.1      210.0       47.5       -451.4
      IV ........................   1,910.2    1,089.1    774.7      90.3     214.3     770.3      24.8      25.7         .4      2,291.7    676.5    1,356.3      212.5       46.4       -381.5
 
2004:I ..........................   1,945.4    1,108.6    776.0      93.6     229.4     787.8      22.2      26.7         .1      2,346.4    712.2    1,376.7      215.6       43.4       -401.0
      II ........................   1,985.6    1,141.0    791.4      94.0     246.5     795.8      21.7      27.4        -.3      2,366.3    722.6    1,384.5      215.3       42.4       -380.6
      III .......................   2,013.0    1,156.9    810.8      95.1     242.8     807.1      22.0      28.2       -1.3      2,393.6    734.8    1,390.0      224.8       43.9       -380.6
      IV ........................   2,059.9    1,194.3    827.5      95.8     259.3     817.9      22.5      28.6       -3.4      2,425.6    728.3    1,422.1      227.7       47.4       -365.7
 
2005:I ..........................   2,214.5    1,328.0    891.2      97.9     327.6     838.3      22.8      29.1       -3.7      2,502.0    758.0    1,461.2      230.9       51.9       -287.6
      II ........................   2,240.3    1,344.3    910.9     102.7     321.4     846.1      23.8      30.5       -4.5      2,529.9    760.8    1,461.8      252.1       55.2       -289.6
      III .......................   2,182.4    1,364.2    941.0     102.4     309.5     863.2      22.8     -61.7       -6.0      2,578.5    784.3    1,481.3      255.2       57.7       -396.0
      IV ........................   2,349.8    1,428.4    968.4     101.6     347.1     873.8      22.3      30.6       -5.4      2,613.3    771.1    1,502.4      277.1       62.7       -263.6
 
2006:I ..........................   2,490.9    1,524.9  1,039.2     101.1     374.3     911.9      23.3      32.2       -1.4      2,637.9    803.6    1,522.0      257.5       54.7       -147.0
      II ........................   2,523.2    1,553.2  1,049.9     103.0     389.4     914.1      24.2      32.8       -1.1      2,686.2    802.3    1,546.6      285.4       51.9       -163.1
      III .......................   2,557.2    1,579.2  1,064.7     101.3     401.8     920.5      25.4      33.6       -1.5      2,730.2    809.1    1,564.8      304.9       51.4       -173.0
      IV r.......................   2,591.9    1,596.4  1,092.0      97.9     388.5     937.1      27.0      33.0       -1.6      2,712.7    817.1    1,571.1      273.9       50.6       -120.7
 
2007:I r.........................   2,662.7    1,640.1  1,134.7      97.8     395.8     966.8      26.9      32.5       -3.5      2,796.4    825.3    1,618.6      302.8       49.7       -133.7
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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.--Revisions include changes 
to series affected by revised wage 
and salary estimates for 2006:IV.
    Source: Department of Commerce, 
Bureau of Economic Analysis.