Federal government receipts: Timing differences: Excise taxes (NIPA vs. Budget)
M318161A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.35
Year-over-Year Change
-1850.77%
Date Range
1/1/1952 - 1/1/2023
Summary
This economic trend measures the timing differences between federal government excise tax receipts reported in the National Income and Product Accounts (NIPA) and the federal budget. It provides insights into the complex accounting practices used to report 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
The Federal government receipts: Timing differences: Excise taxes (NIPA vs. Budget) series compares the reporting of federal excise tax receipts in two major government accounting frameworks. This metric highlights discrepancies that can arise due to the different methodologies and recording conventions used in NIPA and the federal budget.
Methodology
The data is collected from the National Income and Product Accounts and federal budget sources by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding the complexities of government financial reporting and can inform analysis of fiscal policy and government revenue.
Key Facts
- Excise taxes are levied on the production or sale of specific goods and services.
- NIPA and federal budget reports can show different timing for recording excise tax receipts.
- Understanding these reporting differences is important for comprehensive fiscal analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the timing differences between how federal government excise tax receipts are reported 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 insight into the complexities of government financial reporting, which is important for understanding fiscal policy and government revenue.
Q: How is this data collected or calculated?
A: The data is collected from the National Income and Product Accounts and federal budget sources by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend can inform analysis of fiscal policy and government revenue by highlighting discrepancies in how excise tax receipts are recorded in different government accounting frameworks.
Q: Are there update delays or limitations?
A: There may be update delays or limitations inherent in the underlying government data sources used to calculate this trend.
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Citation
U.S. Federal Reserve, Federal government receipts: Timing differences: Excise taxes (NIPA vs. Budget) (M318161A027NBEA), retrieved from FRED.