Federal government expenditures: Coverage differences: Federal employee retirement plan transactions: Benefits paid (NIPA vs. Budget)
M318251A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197.76
Year-over-Year Change
48.17%
Date Range
1/1/1952 - 1/1/2023
Summary
This economic trend measures the difference between federal government expenditures reported in the National Income and Product Accounts (NIPA) and the federal budget, specifically related to federal employee retirement plan transactions and benefits paid.
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 NIPA and federal budget have different coverage and accounting methods, leading to differences in reported federal expenditures. This trend allows analysts to understand the distinctions between these two important economic datasets.
Methodology
The data is collected from the U.S. Bureau of Economic Analysis' National Income and Product Accounts and the Office of Management and Budget's federal budget reports.
Historical Context
This metric is used by economists, policymakers, and budget analysts to reconcile discrepancies between NIPA and federal budget data.
Key Facts
- The NIPA and federal budget use different accounting methods.
- Retirement plan benefits are a major source of the coverage differences.
- This trend helps reconcile discrepancies between the two key economic datasets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between federal government expenditures reported in the National Income and Product Accounts (NIPA) and the federal budget, specifically related to federal employee retirement plan transactions and benefits paid.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the distinctions between the NIPA and federal budget data, which are both critical economic datasets used by policymakers, economists, and budget analysts.
Q: How is this data collected or calculated?
A: The data is collected from the U.S. Bureau of Economic Analysis' National Income and Product Accounts and the Office of Management and Budget's federal budget reports.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and budget analysts to reconcile discrepancies between NIPA and federal budget data, which inform fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the update schedules and limitations of the underlying NIPA and federal budget sources.
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Citation
U.S. Federal Reserve, Federal government expenditures: Coverage differences: Federal employee retirement plan transactions: Benefits paid (NIPA vs. Budget) (M318251A027NBEA), retrieved from FRED.