Federal government receipts: Netting and grossing differences
M318081A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-311.75
Year-over-Year Change
33.22%
Date Range
1/1/1952 - 1/1/2023
Summary
This economic trend measures the differences between the federal government's net and gross receipts, providing insights into the government's revenue sources and collection methods.
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
The Federal government receipts: Netting and grossing differences series tracks the discrepancies between the government's net and gross revenue figures. This metric helps economists and policymakers understand the government's tax collection processes and the relative importance of various revenue streams.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on government financial records.
Historical Context
This trend is used to assess the federal government's overall fiscal position and inform policy decisions related to taxation and public spending.
Key Facts
- The netting and grossing differences represent about 1% of total federal receipts.
- This metric has remained relatively stable over the past decade.
- Differences between net and gross receipts can arise from tax credits, deductions, and other adjustments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the differences between the federal government's net receipts (total revenue minus refunds and adjustments) and gross receipts (total revenue before any deductions).
Q: Why is this trend relevant for users or analysts?
A: Tracking the netting and grossing differences provides insights into the government's tax collection processes and the relative importance of various revenue streams, which is useful for economists and policymakers analyzing the federal government's fiscal position.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on government financial records.
Q: How is this trend used in economic policy?
A: This trend is used to assess the federal government's overall fiscal position and inform policy decisions related to taxation and public spending.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bureau of Economic Analysis, with typical release delays of a few months.
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Citation
U.S. Federal Reserve, Federal government receipts: Netting and grossing differences (M318081A027NBEA), retrieved from FRED.