 |
Federal Government Receipts and
Expenditures, 1978–2008
| |
Current dollars
(billions) |
Percent
distribution |
| |
1978 |
1988 |
1998 |
20081 |
1978 |
1988 |
1998 |
20081 |
|
Receipts
|
$446.5
|
$997.2
|
$1,844.2
|
$2,651.0
|
100.0%
|
100.0%
|
100.0%
|
100.0%
|
| Personal tax and nontax payments |
193.8 |
414.4 |
858.0 |
1,205.5 |
43.4 |
41.6 |
46.5 |
45.5 |
| Corporate profits tax |
71.4 |
111.0 |
204.9 |
260.3 |
16.0 |
11.1 |
11.1 |
9.8 |
| Contributions for social
insurance |
152.4 |
410.9 |
685.5 |
1,057.6 |
34.1 |
41.2 |
37.2 |
39.9 |
| Indirect business tax |
28.9 |
60.9 |
95.9 |
127.6 |
6.5 |
6.1 |
5.2 |
4.8 |
|
Expenditures
|
$478.1
|
$1,118.5
|
$1,771.4
|
$2,537.9
|
100.0%
|
100.0%
|
100.0%
|
100.0%
|
| Defense consumption |
118.4 |
297.9 |
301.5 |
389.3 |
24.8 |
26.6 |
17.0 |
15.3 |
| Nondefense consumption |
50.4 |
89.9 |
159.6 |
232.1 |
10.5 |
8.0 |
9.0 |
9.1 |
| Transfer payments |
186.2 |
437.2 |
816.6 |
1,351.6 |
38.9 |
39.1 |
46.1 |
53.3 |
| To persons |
182.4 |
425.8 |
803.4 |
1,332.4 |
38.2 |
38.1 |
45.4 |
52.5 |
| Social Security |
91.4 |
213.9 |
369.6 |
587.3 |
19.1 |
19.1 |
20.9 |
23.1 |
| Medicare |
24.9 |
86.5 |
217.0 |
431.1 |
5.2 |
7.7 |
12.2 |
17.0 |
| Federal retirement |
20.7 |
48.1 |
75.2 |
111.5 |
4.3 |
4.3 |
4.2 |
4.4 |
| Other |
13.7 |
21.3 |
28.1 |
36.2 |
2.9 |
1.9 |
1.6 |
1.4 |
| To foreigners |
3.8 |
11.4 |
13.2 |
19.3 |
0.8 |
1.0 |
.7 |
.8 |
| Grants-in-aid |
77.3 |
111.2 |
231.1 |
380.3 |
16.2 |
9.9 |
13.0 |
15.0 |
| Medicaid |
11.0 |
31.5 |
101.8 |
189.2 |
2.3 |
2.8 |
5.7 |
7.5 |
| Other |
66.3 |
79.7 |
129.3 |
191.0 |
13.9 |
7.1 |
7.3 |
7.5 |
| Net interest paid |
34.6 |
148.4 |
226.1 |
149.7 |
7.2 |
13.3 |
12.8 |
5.9 |
| Net subsidies |
11.4 |
33.9 |
36.6 |
34.9 |
2.4 |
3.0 |
2.1 |
1.4 |
| Wage accruals less disbursements |
.1 |
.0 |
.0 |
.0 |
.0 |
.0 |
.0 |
.0 |
|
Surplus/deficit
|
–31.6
|
–121.3
|
72.8
|
113.2
|
— |
— |
— |
— |
|
Surplus/deficit as percentage of gross domestic product
|
–1.4%
|
–2.4%
|
.9%
|
.9%
|
— |
— |
— |
— |
1. Projected.
Source: Bureau of Labor Statistics;
Monthly Labor Review.
Information Please® Database, © 2007 Pearson
Education, Inc. All rights reserved.
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