What does the US Government Receipts & Spending table measure?

It measures quarterly revenues, expenditures, and net lending of the United States government sector, including federal, state, and local governments, compiled under the BEA national income and product accounts framework.

How often is the data published and how far back does it go?

The data is published on a quarterly basis by the Bureau of Economic Analysis and retrieved via FRED, with continuous historical series dating back to 1947.

What specific revenue and expenditure breakdowns are available?

Revenues include personal and corporate taxes, production and import taxes, and social contributions, while expenditures cover consumption, social benefits, interest payments, and subsidies.

How does this NIPA government data differ from the Monthly Treasury Statement?

The NIPA framework measures economic activity on an accrual basis across all levels of government, whereas the Monthly Treasury Statement primarily tracks cash transactions of the federal government.

US Government Receipts & Spending (NIPA)

Name: US Government Receipts & Spending (NIPA)
Creator: FRED (Federal Reserve Bank of St. Louis)
License: https://creativecommons.org/licenses/by/4.0/

US quarterly government receipts, expenditures and net lending from the BEA national income accounts.

Indicator	Q2-2026	Q1-2026	Q4-2025	Q3-2025	Q2-2025	Q1-2025	Q4-2024	Q3-2024	Q2-2024	Q1-2024	Q4-2023	Q3-2023	Q2-2023
Total current receipts5	9,122.63	8,942.37	8,930.7	8,760.56	8,553.53	8,308.81	8,189.83	8,049.24	7,942.34	7,851.75	7,659.88	7,531.87	7,434.36
Taxes4	6,567.63	6,403.74	6,430.61	6,273.37	6,099.54	5,861.94	5,784.56	5,683.67	5,606.19	5,507.44	5,409.73	5,338.05	5,276.64
Personal current taxes	3,263.47	3,219.83	3,311.7	3,268.36	3,200.92	3,154.03	3,072.92	3,019.09	2,957.59	2,903.38	2,866.53	2,840.68	2,810.49
Taxes on production and imports	2,372.43	2,357.11	2,348.02	2,289.61	2,203.11	2,014.36	1,987.96	1,965.86	1,943.21	1,921.71	1,889.68	1,865.06	1,844.46
Corporate income taxes	886.69	783.97	728.03	675.17	652.69	653.57	682.79	660.69	665.81	645.45	615.36	596.98	585.71
Taxes from the rest of the world	45.05	42.83	42.86	40.23	42.81	39.99	40.89	38.04	39.58	36.9	38.16	35.33	35.98
Contributions for government social insurance2	2,106.06	2,086.97	2,050.78	2,038	2,011.84	2,002.58	1,965.91	1,941.84	1,919.37	1,891.33	1,847.09	1,822.41	1,791.79
From persons	2,099.04	2,080.01	2,043.94	2,031.26	2,005.1	1,995.92	1,959.39	1,935.37	1,912.93	1,884.92	1,840.76	1,816.04	1,785.36
From the rest of the world	7.02	6.96	6.85	6.74	6.73	6.67	6.52	6.46	6.44	6.41	6.34	6.38	6.43
Income receipts on assets2	240.66	229.86	225.36	219.86	214.96	213.56	202.74	199.02	194.28	189.12	183.89	168	162.86
Interest and other receipts2	221.41	216.07	211.89	208.06	202.23	199.24	195.71	192.16	187.3	182.01	176.93	161.28	155.48
Interest received	188.9	183.91	180.43	176.71	170.91	167.85	164.16	160.42	155.33	149.79	144.43	128.25	121.68
Rents and royalties	32.52	32.16	31.46	31.35	31.32	31.39	31.55	31.74	31.96	32.22	32.5	33.03	33.81
Dividends	19.25	13.79	13.47	11.8	12.73	14.32	7.04	6.86	6.98	7.11	6.96	6.72	7.38
Current transfer receipts3	273.28	281.59	280.55	282.16	279.63	279.06	284.83	270.88	270.09	311.75	268.7	253.38	251.15
From business (net)	119.72	128.26	129.27	132.6	131.4	128.92	138.61	127.11	128.06	166.13	113.33	116.06	110.23
From persons	151.79	150.82	150	149.16	147.12	145.54	143.73	141.87	140.13	138.53	137.08	135.96	135.22
From the rest of the world	1.77	2.5	1.27	0.4	1.11	4.6	2.49	1.9	1.9	7.08	18.29	1.36	5.71
Current surplus of government enterprises	-65.01	-59.79	-56.6	-52.83	-52.43	-48.32	-48.21	-46.17	-47.58	-47.88	-49.53	-49.97	-48.08
Total current expenditures4	11,160.92	10,969.81	10,831.35	10,789.38	10,634.7	10,414.26	10,291.45	10,185.23	9,957.95	9,811.21	9,538.62	9,441.31	9,272.72
Government consumption expenditures	4,384.93	4,274.77	4,215.95	4,208.46	4,131.97	4,104.87	4,071.41	4,021.88	3,959.5	3,914.57	3,848.13	3,808.37	3,706.16
Current transfer payments2	5,142.01	5,080.24	5,025.76	4,988.34	4,949.76	4,783.4	4,694.96	4,647.72	4,521.71	4,446.64	4,272.46	4,275.24	4,291.14
Government social benefits2	5,102.27	5,033.26	4,980.55	4,940.25	4,890.25	4,722.21	4,593.21	4,527.87	4,459.07	4,379.93	4,199.42	4,182.67	4,193.44
To persons	5,061.94	4,993.9	4,941.93	4,901.63	4,851.96	4,685	4,558.66	4,492.81	4,424.85	4,346.45	4,167	4,150.31	4,161.61
To the rest of the world	40.33	39.36	38.63	38.62	38.29	37.21	34.55	35.05	34.22	33.48	32.42	32.36	31.83
Other current transfer payments to the rest of the world	39.74	46.98	45.21	48.09	59.51	61.19	101.74	119.85	62.64	66.71	73.04	92.57	97.7
Interest payments2	1,505.62	1,480.22	1,493.04	1,468.41	1,433	1,418.29	1,430.36	1,422.82	1,383.03	1,354.29	1,319.31	1,253.46	1,173.42
Paid to persons and business	1,214.51	1,190.82	1,203.63	1,178.08	1,143.65	1,133.96	1,143.19	1,140.72	1,104.12	1,087.45	1,070.32	1,017.53	949.52
Paid to the rest of the world	291.11	289.4	289.41	290.34	289.35	284.33	287.17	282.1	278.91	266.84	248.99	235.93	223.9
Subsidies	128.36	134.58	96.6	124.16	119.97	107.7	94.72	92.82	93.72	95.71	98.73	104.24	102
Net government saving2	-2,038.29	-2,027.44	-1,900.65	-2,028.82	-2,081.17	-2,105.45	-2,101.62	-2,135.99	-2,015.61	-1,959.45	-1,878.74	-1,909.44	-1,838.36
Social insurance funds	-935.18	-906.22	-861.26	-840.7	-866.54	-762.44	-701.22	-681.4	-665.88	-659.94	-635.72	-628.64	-630.01
Other	-1,103.11	-1,121.22	-1,039.39	-1,188.12	-1,214.63	-1,343.01	-1,400.4	-1,454.59	-1,349.74	-1,299.52	-1,243.02	-1,280.81	-1,208.35
TOTAL RECEIPTS, TOTAL EXPENDITURES, AND NET LENDING3
Total receipts2	9,182.38	8,994.87	9,007.77	8,807.82	8,599.3	8,362.51	8,251	8,107.4	7,982.12	7,890.31	7,701.62	7,574.38	7,478.94
Current receipts	9,122.63	8,942.37	8,930.7	8,760.56	8,553.53	8,308.81	8,189.83	8,049.24	7,942.34	7,851.75	7,659.88	7,531.87	7,434.36
Capital transfer receipts	59.75	52.5	77.07	47.27	45.77	53.7	61.17	58.16	39.78	38.56	41.73	42.52	44.58
Total expenditures5	11,468.48	11,950.02	11,146.29	11,099.62	10,949.54	10,755.98	10,665.48	10,599.62	10,289.37	10,141.83	9,866.48	9,916.11	9,788.88
Current expenditures	11,160.92	10,969.81	10,831.35	10,789.38	10,634.7	10,414.26	10,291.45	10,185.23	9,957.95	9,811.21	9,538.62	9,441.31	9,272.72
Government investment	1,158.88	1,141.95	1,127.57	1,115.94	1,105	1,090.65	1,079.31	1,065.05	1,035.65	1,017.21	1,012.89	981.37	967.2
Capital transfer payments	25.61	696.8	34.67	27.11	28.23	60.16	92.92	137.46	74.1	81.98	75.25	250.7	296.24
Net purchases of nonproduced assets	22.39	23.37	23.11	22.48	22.25	21.68	21.48	20.78	19.53	20.17	20.22	16.19	19.63
Less: consumption of fixed capital	899.31	881.9	870.41	855.28	840.64	830.78	819.67	808.89	797.87	788.73	780.5	773.46	766.91
Net lending (+) or net borrowing (-)	-2,286.1	-2,955.15	-2,138.52	-2,291.8	-2,350.24	-2,393.47	-2,414.48	-2,492.22	-2,307.25	-2,251.52	-2,164.87	-2,341.73	-2,309.94

Latest reading

Net government saving stood at −2,038.29 USD billion in Q2 2026. That is −10.85 USD billion from Q1 2026 and +42.88 USD billion from a year earlier. The series on this page is quarterly and runs from Q1 1947 to Q2 2026. Source: FRED (Federal Reserve Bank of St. Louis).

Latest: −2,038.29 USD billion; Q2 2026
vs previous period: −10.85 USD billion; Q1 2026
vs a year earlier: +42.88 USD billion

About this data

US quarterly government receipts, expenditures and net lending from the BEA national income accounts. Covers federal, state, and local government revenues, consumption expenditures, social benefits, and net saving since 1947 via FRED. Figures are presented in billions of US dollars.

Frequently asked questions

What does the US Government Receipts & Spending table measure?: It measures quarterly revenues, expenditures, and net lending of the United States government sector, including federal, state, and local governments, compiled under the BEA national income and product accounts framework.
How often is the data published and how far back does it go?: The data is published on a quarterly basis by the Bureau of Economic Analysis and retrieved via FRED, with continuous historical series dating back to 1947.
What specific revenue and expenditure breakdowns are available?: Revenues include personal and corporate taxes, production and import taxes, and social contributions, while expenditures cover consumption, social benefits, interest payments, and subsidies.
How does this NIPA government data differ from the Monthly Treasury Statement?: The NIPA framework measures economic activity on an accrual basis across all levels of government, whereas the Monthly Treasury Statement primarily tracks cash transactions of the federal government.