Federal government receipts: Timing differences (NIPA vs. Budget)
M318121Q027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.44
Year-over-Year Change
-63.51%
Date Range
7/1/1959 - 10/1/2023
Summary
This economic trend measures the timing differences between federal government receipts reported in the National Income and Product Accounts (NIPA) and the federal budget. It is an important indicator for economists and policymakers to understand the government's fiscal position.
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: Timing differences (NIPA vs. Budget) series tracks the discrepancy between how federal revenue is recorded in the NIPA and the federal budget. This difference arises due to the accrual accounting principles used in NIPA versus the cash accounting in the budget, providing insights into the government's fiscal activities.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using information from the NIPA and federal budget reports.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the government's financial position and inform fiscal policy decisions.
Key Facts
- The timing differences can be positive or negative depending on whether NIPA or budget receipts are higher in a given quarter.
- Differences are primarily due to when certain taxes and other receipts are recorded.
- This series provides insights into the government's cash flow and fiscal position.
FAQs
Q: What does this economic trend measure?
A: This trend measures the timing differences between how federal government receipts are recorded in the National Income and Product Accounts (NIPA) versus the federal budget.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the government's fiscal position and cash flow, which is relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using information from the NIPA and federal budget reports.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the government's financial position and inform fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of the underlying NIPA and federal budget reports.
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Citation
U.S. Federal Reserve, Federal government receipts: Timing differences (NIPA vs. Budget) (M318121Q027NBEA), retrieved from FRED.