Federal government receipts: Budget receipts
M318011Q027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,107.57
Year-over-Year Change
37.87%
Date Range
7/1/1959 - 10/1/2023
Summary
This trend measures total revenue collected by the U.S. federal government, a key metric for evaluating fiscal policy and government finances.
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
Federal government receipts, also known as budget receipts, represent all funds received by the U.S. Treasury, including individual and corporate income taxes, social insurance and retirement receipts, excise taxes, and other sources. This provides insight into the government's overall fiscal position and ability to fund programs and services.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Federal receipts are closely monitored by policymakers, economists, and investors to assess the government's fiscal health and the potential impact on the broader economy.
Key Facts
- Federal receipts totaled $4.05 trillion in 2021.
- Receipts have grown at an average annual rate of 5.4% since 1960.
- Individual income taxes account for the largest share of federal receipts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by the U.S. federal government, including individual and corporate income taxes, social insurance and retirement receipts, and other sources.
Q: Why is this trend relevant for users or analysts?
A: Federal government receipts provide important insights into the government's fiscal position and ability to fund programs and services, making it a key metric for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Federal receipts are closely monitored by policymakers to assess the government's fiscal health and the potential impact on the broader economy, informing decisions on taxation, spending, and other fiscal policy measures.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Federal government receipts: Budget receipts (M318011Q027NBEA), retrieved from FRED.