Net state and local government saving: Other (exluding social insurance funds)
B119RC1Q027SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-80.35
Year-over-Year Change
-149.84%
Date Range
1/1/1958 - 1/1/2025
Summary
This economic trend measures net saving by state and local governments, excluding social insurance funds. It provides insight into the fiscal position and budgetary decisions of sub-national public sectors.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Net state and local government saving represents the difference between revenues and expenditures for state and local government entities, excluding social insurance programs like Social Security and Medicare. This metric is used by economists and policymakers to analyze the financial health and policy stances of sub-national governments.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using information from government financial reports.
Historical Context
This trend is relevant for understanding the economic and fiscal conditions faced by state and local governments, which play a key role in many policy areas.
Key Facts
- State and local governments account for over $3 trillion in annual spending.
- Net saving fluctuates based on revenue sources and spending demands.
- Positive net saving indicates a government budget surplus.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net saving of state and local governments in the United States, excluding social insurance programs like Social Security and Medicare.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the fiscal health and policy stances of sub-national governments, which play a critical role in many areas of public policy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using information from government financial reports.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze the budgetary conditions and fiscal positions of state and local governments, which can inform decisions around funding, taxation, and spending policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent fiscal conditions of state and local governments.
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Citation
U.S. Federal Reserve, Net state and local government saving: Other (exluding social insurance funds) (B119RC1Q027SBEA), retrieved from FRED.