Federal government expenditures: Timing differences: Purchases (increase in payables net of advances) (NIPA vs. Budget)
M318451Q027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-12.87
Year-over-Year Change
36.22%
Date Range
7/1/1959 - 10/1/2023
Summary
This economic trend measures the timing differences between federal government expenditures on purchases as reported in the National Income and Product Accounts (NIPA) versus the federal budget. It is an important indicator for economists and policymakers analyzing government fiscal policy.
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: Timing differences: Purchases (increase in payables net of advances) (NIPA vs. Budget)' trend represents the difference between how the federal government accounts for its purchases in the NIPA and the federal budget. This helps reconcile the two datasets and provides insight into the government's fiscal position.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using information from government financial records.
Historical Context
This metric is used by economists, analysts, and policymakers to understand the government's fiscal activities and assess the impact on the broader economy.
Key Facts
- The trend measures the difference between NIPA and budget reporting of federal purchases.
- It helps reconcile government financial data across different accounting frameworks.
- The metric is used to analyze the government's fiscal position and its economic impact.
FAQs
Q: What does this economic trend measure?
A: This trend measures the timing differences between how federal government expenditures on purchases 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 metric is important for economists and policymakers to understand the government's fiscal activities and assess the impact on the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using information from government financial records.
Q: How is this trend used in economic policy?
A: This metric is used by economists, analysts, and policymakers to analyze the government's fiscal position and its impact on the economy.
Q: Are there update delays or limitations?
A: There may be update delays or limitations due to the nature of government financial reporting.
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Citation
U.S. Federal Reserve, Federal government expenditures: Timing differences: Purchases (increase in payables net of advances) (NIPA vs. Budget) (M318451Q027NBEA), retrieved from FRED.