Employment Projections

Federal Government receipts and expenditures

This table also can be found in the article, "The U.S. economy to 2022: settling into a new normal," published in the December 2013 Monthly Labor Review.

Other available formats: (XLS)

Table 4.7 Federal Government receipts and expenditures, 1992, 2002, 2012, and projected 2022

Category

Billions of current dollars

Percent distribution

Annual rate of change

1992

2002

2012

2022

1992

2002

2012

2022

1992—2002

2002—12

2012—22

Receipts

$1,148.0

$1,859.3

$2,675.7

$4,453.1

100.0

100.0

100.0

100.0

4.9

3.7

5.2

Tax receipts

660.0

1,073.5

1,645.5

2,652.8

57.5

57.7

61.5

59.6

5.0

4.4

4.9

Personal taxes

475.3

828.6

1,140.0

2,106.3

41.4

44.6

42.6

47.3

5.7

3.2

6.3

Corporate income taxes

118.8

150.4

372.3

357.0

10.3

8.1

13.9

8.0

2.4

9.5

-0.4

Taxes on production and imports

63.3

86.8

116.0

165.6

5.5

4.7

4.3

3.7

3.2

2.9

3.6

Taxes from the rest of the world

2.7

7.6

17.3

23.8

0.2

0.4

0.6

0.5

11.1

8.6

3.2

Contributions for social insurance

444.0

739.3

935.5

1,650.7

38.7

39.8

35.0

37.1

5.2

2.4

5.8

Income receipts on assets

24.8

20.2

32.6

39.2

2.2

1.1

1.2

0.9

-2.0

4.9

1.9

Interest receipts

22.3

15.4

25.7

28.9

1.9

0.8

1.0

0.6

-3.6

5.3

1.2

Rents and royalties

2.5

4.8

6.9

10.3

0.2

0.3

0.3

0.2

6.7

3.6

4.1

Transfer receipts

19.3

26.1

59.0

92.5

1.7

1.4

2.2

2.1

3.0

8.5

4.6

From business

15.3

15.4

38.7

65.0

1.3

0.8

1.4

1.5

0.1

9.7

5.3

From persons

4.1

10.8

20.3

27.5

0.4

0.6

0.8

0.6

10.1

6.6

3.1

Surplus of government enterprises

-0.1

0.2

-17.7

-3.0

0.0

0.0

-0.7

-0.1

-

-

-16.3

Expenditures

1,450.5

2,112.1

3,757.7

5,314.2

100.0

100.0

100.0

100.0

3.8

5.9

3.5

Consumption expenditures

444.1

590.5

1,059.7

1,126.9

30.6

28.0

28.2

21.2

2.9

6.0

0.6

Transfer payments

725.4

1,252.1

2,319.1

3,438.9

50.0

59.3

61.7

64.7

5.6

6.4

4.0

Government social benefits

555.7

924.6

1,792.8

2,703.3

38.3

43.8

47.7

50.9

5.2

6.8

4.2

Social Security benefits

281.8

446.9

762.2

1,298.9

19.4

21.2

20.3

24.4

4.7

5.5

5.5

Medicare benefits

132.6

259.2

562.0

980.3

9.1

12.3

15.0

18.4

6.9

8.0

5.7

Unemployment benefits

39.6

53.5

80.9

35.0

2.7

2.5

2.2

0.7

3.0

4.2

-8.0

Other benefits to persons

95.5

155.3

369.9

365.1

6.6

7.4

9.8

6.9

5.0

9.1

-0.1

Benefits to the rest of the world

6.2

9.6

17.9

23.9

0.4

0.5

0.5

0.5

4.5

6.3

3.0

Other transfer payments

169.7

327.4

526.4

735.7

11.7

15.5

14.0

13.8

6.8

4.9

3.4

Grants-in-aid to state & local government

149.1

304.1

468.0

646.9

10.3

14.4

12.5

12.2

7.4

4.4

3.3

To the rest of the world

20.5

23.3

58.3

88.7

1.4

1.1

1.6

1.7

1.3

9.6

4.3

Interest payments

251.3

229.1

318.5

719.3

17.3

10.8

8.5

13.5

-0.9

3.4

8.5

To persons and business

212.2

154.2

188.2

329.5

14.6

7.3

5.0

6.2

-3.1

2.0

5.8

To the rest of the world

39.1

74.9

130.4

389.9

2.7

3.5

3.5

7.3

6.7

5.7

11.6

Subsidies

29.7

40.5

60.4

29.0

2.0

1.9

1.6

0.5

3.2

4.1

-7.1

Less wage accruals less disbursements

0.0

0.0

0.0

0.0

-

-

-

-

-

-

-

Net Federal Government saving

-302.5

-252.8

-1,082.0

-861.1

-

-

-

-

-1.8

15.7

-2.3

Surplus or deficit as percentage of gross domestic product

-4.8

-2.4

-6.9

-3.6

-

-

-

-

-6.7

11.3

-6.4

Note: Dash indicates data not computable or not applicable.

Source: Historical data: Bureau of Economic Analysis; Projected data: Bureau of Labor Statistics.

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Last Modified Date: January 2, 2014

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