Employment Projections

Federal Government receipts and expenditures

This table also can be found in the article, "The U.S. economy to 2024," published in the December 2015 Monthly Labor Review.

Other available formats: (XLSX)

Table 4.7 Federal Government receipts and expenditures, 1994, 2004, 2014, and projected 2024

Category

Billions of current dollars

Percent distribution

Annual
rate of change

1994

2004

2014

2024

1994

2004

2014

2024

1994–2004

2004–14

2014–24

Receipts

$1,326.7

$2,022.2

$3,300.8

$4,854.5

100.0

100.0

100.0

100.0

4.3

5.0

3.9

Tax receipts

781.4

1,154.0

2,024.5

2,957.3

58.9

57.1

61.3

60.9

4.0

5.8

3.9

Personal taxes

542.6

798.5

1,374.2

2,214.3

40.9

39.5

41.6

45.6

3.9

5.6

4.9

Corporate income taxes

156.7

250.3

497.3

536.7

11.8

12.4

15.1

11.1

4.8

7.1

0.8

Taxes on production and imports

79.0

95.2

134.1

176.1

6.0

4.7

4.1

3.6

1.9

3.5

2.8

Taxes from the rest of the world

3.2

10.0

18.9

30.2

0.2

0.5

0.6

0.6

12.2

6.6

4.8

Contributions for social insurance

496.2

808.9

1,149.3

1,749.2

37.4

40.0

34.8

36.0

5.0

3.6

4.3

Income receipts on assets

23.6

25.3

37.5

49.7

1.8

1.2

1.1

1.0

0.7

4.0

2.8

Interest receipts

20.0

16.6

27.9

34.5

1.5

0.8

0.8

0.7

-1.8

5.3

2.2

Rents and royalties

3.5

8.6

9.7

15.2

0.3

0.4

0.3

0.3

9.3

1.1

4.6

Transfer receipts

21.6

29.1

68.5

84.0

1.6

1.4

2.1

1.7

3.0

9.0

2.1

From business

15.9

15.9

47.4

56.2

1.2

0.8

1.4

1.2

0.0

11.6

1.7

From persons

5.6

13.2

21.1

27.9

0.4

0.7

0.6

0.6

8.9

4.8

2.8

Surplus of government enterprises

4.1

4.9

-19.7

-6.5

0.3

0.2

-0.6

-0.1

1.9

-

-10.4

Expenditures

1,580.4

2,421.4

3,883.1

6,008.4

100.0

100.0

100.0

100.0

4.4

4.8

4.5

Consumption expenditures

427.3

681.4

965.2

1,156.6

27.0

28.1

24.9

19.2

4.8

3.5

1.8

Transfer payments

800.1

1,388.0

2,419.6

3,877.6

50.6

57.3

62.3

64.5

5.7

5.7

4.8

Government social benefits

613.2

1,025.6

1,882.8

3,071.1

38.8

42.4

48.5

51.1

5.3

6.3

5.0

Social Security benefits

312.2

485.5

834.7

1,443.3

19.8

20.1

21.5

24.0

4.5

5.6

5.6

Medicare benefits

164.4

304.4

587.8

955.8

10.4

12.6

15.1

15.9

6.4

6.8

5.0

Unemployment benefits

24.0

36.4

36.9

40.3

1.5

1.5

1.0

0.7

4.3

0.1

0.9

Other benefits to persons

105.9

188.6

404.1

603.5

6.7

7.8

10.4

10.0

5.9

7.9

4.1

Benefits to the rest of the world

6.8

10.6

19.3

28.1

0.4

0.4

0.5

0.5

4.6

6.1

3.8

Other transfer payments

186.8

362.4

536.9

806.5

11.8

15.0

13.8

13.4

6.9

4.0

4.2

Grants-in-aid to state & local government

166.9

332.2

501.0

749.1

10.6

13.7

12.9

12.5

7.1

4.2

4.1

To the rest of the world

20.0

30.2

36.0

57.4

1.3

1.2

0.9

1.0

4.2

1.8

4.8

Interest payments

320.8

306.1

441.4

876.7

20.3

12.6

11.4

14.6

-0.5

3.7

7.1

To persons and business

284.5

251.3

331.8

495.3

18.0

10.4

8.5

8.2

-1.2

2.8

4.1

To the rest of the world

36.3

54.8

109.5

381.4

2.3

2.3

2.8

6.3

4.2

7.2

13.3

Subsidies

32.2

46.0

56.9

97.5

2.0

1.9

1.5

1.6

3.7

2.1

5.5

Net Federal Government saving

-253.7

-399.2

-582.3

-1,153.8

-

-

-

-

4.6

3.8

7.1

Surplus or deficit as percentage of gross domestic product

-3.5

-3.3

-3.3

-4.3

-

-

-

-

-0.6

0.3

2.7

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: December 8, 2015

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