Federal government expenditures: Coverage differences (NIPA vs. Budget)
M318201Q027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.02
Year-over-Year Change
317.36%
Date Range
7/1/1959 - 10/1/2023
Summary
This economic indicator measures the differences between federal government expenditures as reported in the National Income and Product Accounts (NIPA) versus the federal budget. It is a key metric for understanding the gap between fiscal policy and economic accounts.
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 expenditures: Coverage differences (NIPA vs. Budget) series tracks the distinctions in how federal spending is recorded in NIPA economic data versus the federal budget. This provides important context for interpreting government fiscal policy and its impacts on the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using information from the NIPA and federal budget sources.
Historical Context
This metric is used by economists, policymakers, and analysts to reconcile differences between fiscal policy decisions and their macroeconomic effects.
Key Facts
- The NIPA reports are the official economic accounts, while the federal budget is the government's financial plan.
- Coverage differences can arise from how certain programs and transactions are classified.
- Analyzing these differences is crucial for understanding the relationship between fiscal policy and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the differences between how federal government expenditures 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: Analyzing the coverage differences between NIPA and budget data provides important context for interpreting the government's fiscal policy and its macroeconomic impacts.
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 sources.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and analysts use this metric to reconcile differences between fiscal policy decisions and their effects on the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the same release schedules and potential revisions as the underlying NIPA and budget sources.
Related Trends
Net federal government saving: Other (excluding social insurance funds)
B244RC1A027NBEA
Federal grants-in-aid to state and local governments: Recreation and culture
G170681A027NBEA
State and local government current receipts: Income receipts on assets: Interest receipts
B112RC1A027NBEA
Taxes on production and imports: Federal: Excise taxes: Air transport
B2004C1A027NBEA
Federal government expenditures: Coverage differences: Federal employee retirement plan transactions: Administrative expenses (NIPA vs. Budget)
M318261Q027NBEA
Federal government current receipts: Income receipts on assets
W009RC1Q027SBEA
Citation
U.S. Federal Reserve, Federal government expenditures: Coverage differences (NIPA vs. Budget) (M318201Q027NBEA), retrieved from FRED.