Employment Projections

Federal Government receipts and expenditures

This table also can be found in the article, "The U.S. economy to 2020: recovery in uncertain times," published in the January 2012 Monthly Labor Review.

Also available as: [XLS]
Table 4.8 Federal Government receipts and expenditures, 1990, 2000, 2010, and projected 2020

Category

Billions of current dollars

Percent distribution

Annual rate of change

1990

2000

2010

2020

1990

2000

2010

2020

1990-2000

2000-10

2010-20

Receipts

$1,082.8

$2,057.1

$2,429.6

$4,674.4

100.0

100.0

100.0

100.0

6.6

1.7

6.8

Tax receipts

642.2

1,309.6

1,340.7

2,940.5

59.3

63.7

55.2

62.9

7.4

0.2

8.2

Personal taxes

470.1

995.5

896.3

2,335.4

43.4

48.4

36.9

50.0

7.8

-1.0

10.1

Corporate income taxes

118.1

219.4

329.6

397.6

10.9

10.7

13.6

8.5

6.4

4.2

1.9

Taxes on production and imports

50.9

87.3

101.4

186.3

4.7

4.2

4.2

4.0

5.5

1.5

6.3

Taxes from the rest of the world

3.0

7.3

13.3

21.2

0.3

0.4

0.5

0.5

9.2

6.2

4.8

Contributions for social insurance

402.0

698.6

970.9

1,603.1

37.1

34.0

40.0

34.3

5.7

3.3

5.1

Income receipts on assets

29.6

24.5

36.1

38.7

2.7

1.2

1.5

0.8

-1.9

3.9

0.7

Interest receipts

27.0

19.3

29.9

34.3

2.5

0.9

1.2

0.7

-3.3

4.5

1.4

Rents and royalties

2.6

5.2

6.2

4.4

0.2

0.3

0.3

0.1

7.0

1.8

-3.4

Transfer receipts

14.3

25.7

69.7

95.1

1.3

1.3

2.9

2.0

6.1

10.5

3.1

From business

10.8

15.0

48.8

64.4

1.0

0.7

2.0

1.4

3.3

12.5

2.8

From persons

3.5

10.7

21.0

30.7

0.3

0.5

0.9

0.7

12.0

6.9

3.9

Surplus of government enterprises

-5.3

-1.2

-4.8

-2.9

-0.5

-0.1

-0.2

-0.1

-13.6

14.7

-4.8

Expenditures

1,259.2

1,871.9

3,703.3

5,520.4

100.0

100.0

100.0

100.0

4.0

7.1

4.1

Consumption expenditures

419.0

496.0

1,054.0

1,249.6

33.3

26.5

28.5

22.6

1.7

7.8

1.7

Transfer payments

576.2

1,047.3

2,313.6

3,182.3

45.8

55.9

62.5

57.6

6.2

8.2

3.2

Government social benefits

451.2

777.8

1,724.9

2,508.9

35.8

41.5

46.6

45.4

5.6

8.3

3.8

Social Security benefits

244.1

401.4

690.2

1,202.6

19.4

21.4

18.6

21.8

5.1

5.6

5.7

Medicare benefits

107.6

219.1

518.5

987.0

8.5

11.7

14.0

17.9

7.4

9.0

6.7

Unemployment benefits

18.2

20.8

138.7

50.3

1.4

1.1

3.7

0.9

1.3

20.9

-9.6

Other benefits to persons

75.1

127.9

361.0

244.2

6.0

6.8

9.7

4.4

5.5

10.9

-3.8

Benefits to the rest of the world

6.2

8.6

16.6

24.8

0.5

0.5

0.4

0.4

3.4

6.7

4.1

Other transfer payments

125.0

269.5

588.8

673.4

9.9

14.4

15.9

12.2

8.0

8.1

1.4

Grants-in-aid to state & local government

111.4

247.3

531.5

614.4

8.8

13.2

14.4

11.1

8.3

8.0

1.5

To the rest of the world

13.5

22.2

57.3

59.0

1.1

1.2

1.5

1.1

5.1

9.9

0.3

Interest payments

237.4

283.2

279.9

1,032.0

18.9

15.1

7.6

18.7

1.8

-0.1

13.9

To persons and business

196.7

198.7

143.8

418.0

15.6

10.6

3.9

7.6

0.1

-3.2

11.3

To the rest of the world

40.8

84.5

136.1

614.0

3.2

4.5

3.7

11.1

7.6

4.9

16.3

Subsidies

26.6

45.3

55.8

56.5

2.1

2.4

1.5

1.0

5.5

2.1

0.1

Less wage accruals less disbursements

0.1

0.0

0.0

0.0

-

-

-

-

-

-

-

Net Federal Government saving

-176.4

185.2

-1,273.7

-846.1

-

-

-

-

-

-

-4.0

Surplus or deficit as percentage of gross domestic product

-3.0

1.9

-8.8

-3.6

-

-

-

-

-

-

-

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: February 01, 2012

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