[Economic Indicators August, 2008]
[Page Number 34]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
FEDERAL SECTOR, NATIONAL INCOME ACCOUNTS BASIS

In the second quarter of 2008, according to revised estimates, Federal 
current receipts fell $181.5 billion (annual rate), while Federal 
current expenditures rose $123.9 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:
  1998...........................   1,773.8    1,116.8    825.8      81.1     204.2     613.8      21.5      21.5        0.1      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 ..........................   2,008.9    1,152.3    797.4      94.6     250.3     805.2      23.8      28.8       -1.2      2,379.5    723.7    1,390.6      221.0       44.2       -370.6
  2005 ..........................   2,266.9    1,383.0    930.7      99.2     341.0     850.0      24.0      15.0       -5.0      2,558.6    766.3    1,478.0      255.4       58.9       -291.7
  2006 ..........................   2,510.4    1,550.2  1,049.9      98.0     388.9     902.4      25.7      35.7       -3.6      2,711.6    811.8    1,568.1      282.3       49.4       -201.1
  2007 ..........................   2,651.2    1,644.5  1,167.3      97.7     365.4     942.3      29.2      37.5       -2.2      2,880.5    856.1    1,666.7      312.6       45.2       -229.3
 
2005:I ..........................   2,225.7    1,338.8    894.9      97.1     335.4     835.0      24.1      31.0       -3.2      2,504.4    758.2    1,458.7      233.4       54.2       -278.7
      II ........................   2,264.1    1,369.2    917.8     101.2     339.8     842.5      25.0      31.8       -4.4      2,533.6    760.3    1,461.7      253.4       58.2       -269.5
      III .......................   2,214.5    1,375.8    944.2     100.0     318.0     857.0      23.8     -35.8       -6.4      2,579.2    782.1    1,483.0      253.8       60.4       -364.7
      IV ........................   2,363.3    1,448.0    965.8      98.5     370.6     865.7      23.1      32.8       -6.2      2,617.1    764.5    1,508.7      281.0       62.9       -253.8
 
2006:I ..........................   2,453.6    1,504.7  1,018.8      97.8     377.3     893.6      23.7      34.7       -3.1      2,661.5    805.9    1,535.4      266.4       53.8       -207.9
      II ........................   2,487.6    1,535.1  1,031.6      98.2     394.4     895.7      24.9      35.5       -3.5      2,712.5    809.2    1,566.5      287.4       49.4       -225.0
      III .......................   2,531.9    1,570.9  1,056.0      98.6     404.6     902.6      26.0      36.0       -3.6      2,750.4    816.2    1,584.6      301.9       47.8       -218.4
      IV ........................   2,568.6    1,590.2  1,093.2      97.4     379.5     917.7      28.2      36.5       -4.0      2,721.8    816.0    1,586.0      273.3       46.5       -153.2
 
2007:I ..........................   2,612.8    1,615.2  1,139.5      97.7     365.6     937.1      28.4      37.0       -5.1      2,837.9    832.5    1,650.2      309.6       45.6       -225.2
      II ........................   2,648.1    1,648.2  1,157.1      96.9     381.5     936.4      29.0      37.2       -2.8      2,859.5    851.1    1,652.6      310.5       45.2       -211.4
      III .......................   2,664.9    1,654.4  1,178.1      98.2     365.1     943.3      29.8      37.6        -.2      2,909.2    869.1    1,671.4      323.9       44.8       -244.3
      IV ........................   2,679.2    1,660.0  1,194.7      98.0     349.5     952.3      29.5      38.2        -.8      2,915.6    871.6    1,692.5      306.4       45.1       -236.3
 
2008:I r.........................   2,672.5    1,634.9  1,201.2      95.8     322.5     968.9      29.9      39.4        -.5      3,003.2    898.0    1,729.2      329.4       46.6       -330.7
      II r.......................   2,491.0    1,446.7  1,007.7      97.2     327.1     973.3      31.5      40.0        -.5      3,127.1    918.0    1,859.1      302.3       47.9       -636.2
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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 2008:1.
    Source: Department of Commerce, 
Bureau of Economic Analysis.