Federal Government receipts and expenditures

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Table 4.7 Federal Government receipts and expenditures, 1996, 2006, 2016, and projected 2026

Category

Billions of current dollars

Percent distribution

Annual rate of change

1996

2006

2016

2026

1996

2006

2016

2026

1996–06

2006–16

2016–26

Receipts

$1,536.3

$2,536.7

$3,448.4

$5,104.3

100.0

100.0

100.0

100.0

5.1

3.1

4.0

Tax receipts

937.0

1,563.4

2,100.3

3,083.2

61.0

61.6

60.9

60.4

5.3

3.0

3.9

Personal taxes

668.4

1,054.6

1,540.6

2,320.7

43.5

41.6

44.7

45.5

4.7

3.9

4.2

Corporate income taxes

190.6

395.0

401.2

544.8

12.4

15.6

11.6

10.7

7.6

0.2

3.1

Taxes on production and imports

72.8

99.2

137.0

185.4

4.7

3.9

4.0

3.6

3.1

3.3

3.1

Taxes from the rest of the world

5.2

14.6

21.5

32.3

0.3

0.6

0.6

0.6

11.0

3.9

4.2

Contributions for social insurance

545.5

905.7

1,230.2

1,859.9

35.5

35.7

35.7

36.4

5.2

3.1

4.2

Income receipts on assets

26.6

28.6

32.1

44.4

1.7

1.1

0.9

0.9

0.7

1.1

3.3

Interest receipts

22.5

18.7

27.3

35.4

1.5

0.7

0.8

0.7

-1.8

3.9

2.6

Rents and royalties

4.1

9.9

4.8

9.0

0.3

0.4

0.1

0.2

9.2

-7.1

6.6

Transfer receipts

22.7

36.8

74.6

104.1

1.5

1.5

2.2

2.0

4.9

7.3

3.4

From business

15.6

19.5

47.4

71.3

1.0

0.8

1.4

1.4

2.3

9.3

4.2

From persons

7.2

17.4

27.3

32.8

0.5

0.7

0.8

0.6

9.2

4.6

1.9

Surplus of government enterprises

4.5

1.8

-3.5

-4.3

0.3

0.1

-0.1

-0.1

-8.7

1.9

 

Expenditures

1,714.8

2,763.7

4,145.7

6,505.4

100.0

100.0

100.0

100.0

4.9

4.1

4.6

Consumption expenditures

428.4

764.0

964.5

1,188.8

25.0

27.6

23.3

18.3

6.0

2.4

2.1

Transfer payments

891.5

1,576.3

2,644.8

4,279.2

52.0

57.0

63.8

65.8

5.9

5.3

4.9

Government social benefits

689.7

1,201.6

2,039.3

3,388.8

40.2

43.5

49.2

52.1

5.7

5.4

5.2

Social Security benefits

342.0

544.1

896.5

1,516.7

19.9

19.7

21.6

23.3

4.8

5.1

5.4

Medicare benefits

194.9

399.2

655.8

1,179.4

11.4

14.4

15.8

18.1

7.4

5.1

6.0

Unemployment benefits

22.3

30.4

31.7

36.8

1.3

1.1

0.8

0.6

3.2

0.4

1.5

Other benefits to persons

123.0

215.6

434.4

624.5

7.2

7.8

10.5

9.6

5.8

7.3

3.7

Benefits to the rest of the world

7.6

12.4

20.9

31.4

0.4

0.5

0.5

0.5

5.1

5.3

4.1

Other transfer payments

201.8

374.7

605.5

890.5

11.8

13.6

14.6

13.7

6.4

4.9

3.9

Grants-in-aid to state & local government

181.4

340.8

555.5

833.0

10.6

12.3

13.4

12.8

6.5

5.0

4.1

To the rest of the world

20.4

33.9

50.0

57.5

1.2

1.2

1.2

0.9

5.2

3.9

1.4

Interest payments

360.0

372.4

475.1

971.0

21.0

13.5

11.5

14.9

0.3

2.5

7.4

To persons and business

303.2

286.5

378.5

589.7

17.7

10.4

9.1

9.1

-0.6

2.8

4.5

To the rest of the world

56.8

85.8

96.7

381.4

3.3

3.1

2.3

5.9

4.2

1.2

14.7

Subsidies

34.9

51.1

61.3

66.2

2.0

1.8

1.5

1.0

3.9

1.8

0.8

 

Net Federal Government saving

-178.5

-227.0

-697.3

-1,401.1

2.4

11.9

7.2

 

Surplus or deficit as percentage of gross domestic product

-2.2

-1.6

-3.6

-5.0

-2.9

8.1

3.5

Note: Dash indicates data not computable or not applicable.
Source: Historical data: Bureau of Economic Analysis; Projected data: Employment Projections program, U.S. Bureau of Labor Statistics.

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Last Modified Date: October 24, 2017