Federal government receipts and expenditures
This table also can be found in the article, "The U.S. Economy to 2018," published in the November 2009 Monthly
Labor Review.
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Table 4.8 Federal government receipts and expenditures, 1988, 1998, 2008, and projected 2018
Category |
Billions of current dollars |
Percent distribution |
Average annual
rate of change |
1988 |
1998 |
2008 |
2018 |
1988 |
1998 |
2008 |
2018 |
1988-98 |
1998-2008 |
2008-18 |
Receipts |
$958.3 |
$1,773.8 |
$2,569.3 |
$4,340.4 |
100.0 |
100.0 |
100.0 |
100.0 |
6.4 |
3.8 |
5.4 |
Tax receipts |
566.7 |
1,116.8 |
1,526.8 |
2,652.8 |
59.1 |
63.0 |
59.4 |
61.1 |
7.0 |
3.2 |
5.7 |
Personal taxes |
402.9 |
825.8 |
1,123.9 |
2,065.3 |
42.0 |
46.6 |
43.7 |
47.6 |
7.4 |
3.1 |
6.3 |
Corporate income taxes |
111.2 |
204.3 |
291.1 |
422.8 |
11.6 |
11.5 |
11.3 |
9.7 |
6.3 |
3.6 |
3.8 |
Taxes on production and imports |
50.3 |
81.1 |
96.2 |
140.0 |
5.2 |
4.6 |
3.7 |
3.2 |
4.9 |
1.7 |
3.8 |
Taxes from the rest of the world |
2.3 |
5.7 |
15.4 |
24.8 |
0.2 |
0.3 |
0.6 |
0.6 |
9.3 |
10.5 |
4.9 |
Contributions for social insurance |
353.1 |
613.8 |
971.9 |
1,580.5 |
36.8 |
34.6 |
37.8 |
36.4 |
5.7 |
4.7 |
5.0 |
Income receipts on assets |
30.0 |
21.5 |
31.8 |
46.0 |
3.1 |
1.2 |
1.2 |
1.1 |
-3.3 |
4.0 |
3.8 |
Interest receipts |
28.0 |
17.7 |
22.2 |
28.7 |
2.9 |
1.0 |
0.9 |
0.7 |
-4.5 |
2.3 |
2.6 |
Rents and royalties |
2.0 |
3.8 |
9.6 |
17.4 |
0.2 |
0.2 |
0.4 |
0.4 |
6.6 |
9.7 |
6.1 |
Transfer receipts |
10.8 |
21.6 |
39.4 |
61.1 |
1.1 |
1.2 |
1.5 |
1.4 |
7.2 |
6.2 |
4.5 |
From business |
8.0 |
12.9 |
21.4 |
33.8 |
0.8 |
0.7 |
0.8 |
0.8 |
4.9 |
5.1 |
4.7 |
From persons |
2.8 |
8.6 |
18.0 |
27.4 |
0.3 |
0.5 |
0.7 |
0.6 |
11.9 |
7.6 |
4.3 |
Surplus of government enterprises |
-2.3 |
0.1 |
-0.5 |
0.0 |
-0.2 |
0.0 |
0.0 |
0.0 |
- |
- |
- |
| |
Expenditures |
1,092.7 |
1,734.9 |
3,094.3 |
5,240.1 |
100.0 |
100.0 |
100.0 |
100.0 |
4.7 |
6.0 |
5.4 |
Consumption expenditures |
382.5 |
454.6 |
932.0 |
1,375.2 |
35.0 |
26.2 |
30.1 |
26.2 |
1.7 |
7.4 |
4.0 |
Transfer payments |
481.9 |
946.5 |
1,806.4 |
2,845.6 |
44.1 |
54.6 |
58.4 |
54.3 |
7.0 |
6.7 |
4.6 |
Government social benefits |
379.1 |
719.2 |
1,382.3 |
2,202.1 |
34.7 |
41.5 |
44.7 |
42.0 |
6.6 |
6.8 |
4.8 |
Social Security benefits |
213.9 |
369.2 |
605.6 |
1,017.2 |
19.6 |
21.3 |
19.6 |
19.4 |
5.6 |
5.1 |
5.3 |
Medicare benefits |
86.3 |
205.8 |
452.7 |
822.5 |
7.9 |
11.9 |
14.6 |
15.7 |
9.1 |
8.2 |
6.2 |
Unemployment benefits |
13.2 |
19.5 |
52.3 |
49.9 |
1.2 |
1.1 |
1.7 |
1.0 |
4.0 |
10.4 |
-0.5 |
Other benefits to persons |
64.1 |
122.3 |
268.0 |
306.9 |
5.9 |
7.0 |
8.7 |
5.9 |
6.7 |
8.2 |
1.4 |
Benefits to the rest of the world |
1.6 |
2.3 |
3.8 |
5.6 |
0.1 |
0.1 |
0.1 |
0.1 |
3.7 |
5.0 |
4.1 |
Other transfer payments |
102.8 |
227.4 |
424.2 |
643.5 |
9.4 |
13.1 |
13.7 |
12.3 |
8.3 |
6.4 |
4.3 |
Grants-in-aid to state & local government |
91.6 |
212.8 |
388.3 |
595.2 |
8.4 |
12.3 |
12.5 |
11.4 |
8.8 |
6.2 |
4.4 |
To the rest of the world |
11.2 |
14.6 |
35.9 |
48.2 |
1.0 |
0.8 |
1.2 |
0.9 |
2.7 |
9.4 |
3.0 |
Interest payments |
199.3 |
298.9 |
308.2 |
965.3 |
18.2 |
17.2 |
10.0 |
18.4 |
4.1 |
0.3 |
12.1 |
To persons and business |
167.6 |
219.6 |
141.2 |
362.1 |
15.3 |
12.7 |
4.6 |
6.9 |
2.7 |
-4.3 |
9.9 |
To the rest of the world |
31.7 |
79.3 |
167.0 |
603.2 |
2.9 |
4.6 |
5.4 |
11.5 |
9.6 |
7.7 |
13.7 |
Subsidies |
29.0 |
35.0 |
47.7 |
54.0 |
2.7 |
2.0 |
1.5 |
1.0 |
1.9 |
3.2 |
1.2 |
Less wage accruals less disbursements |
0.0 |
0.0 |
0.0 |
0.0 |
- |
- |
- |
- |
- |
- |
- |
| |
Net Federal Government saving |
-134.4 |
38.8 |
-525.0 |
-899.7 |
- |
- |
- |
- |
- |
- |
5.5 |
| |
Surplus or deficit as percentage of gross domestic product |
-2.6 |
0.4 |
-3.7 |
-4.1 |
- |
- |
- |
- |
- |
- |
1.2 |
|
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Last Modified Date: December 10, 2009
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