Federal government expenditures: Timing differences: Current transfer payments (NIPA vs. Budget)
M318471Q027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.74
Year-over-Year Change
-1223.90%
Date Range
7/1/1959 - 10/1/2023
Summary
This economic trend measures the timing differences between current transfer payments recorded in the National Income and Product Accounts (NIPA) and the federal budget. It provides insights into the government's fiscal position and cash flows.
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: Current transfer payments (NIPA vs. Budget) series tracks the divergence between the recording of current transfer payments in the NIPA and the federal budget. This allows analysts to reconcile the government's accrual-based and cash-based accounting systems.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on government financial reporting.
Historical Context
This trend is used by policymakers, economists, and financial analysts to understand the government's fiscal position and cash flow dynamics.
Key Facts
- The series is measured in billions of dollars.
- Positive values indicate NIPA exceeds the budget, negative values indicate the budget exceeds NIPA.
- Data is available quarterly since 1947.
FAQs
Q: What does this economic trend measure?
A: This trend measures the timing differences between how current transfer payments 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 insights into the government's fiscal position and cash flow dynamics, allowing analysts to reconcile the accrual-based NIPA and cash-based budget accounting systems.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on government financial reporting.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial analysts to understand the government's fiscal position and cash flow dynamics.
Q: Are there update delays or limitations?
A: The data is available quarterly with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Federal government expenditures: Timing differences: Current transfer payments (NIPA vs. Budget) (M318471Q027NBEA), retrieved from FRED.