Federal Budget Receipts, Total for United States
M1504AUSM144NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
306.20
Year-over-Year Change
25.44%
Date Range
1/1/1879 - 6/1/1933
Summary
This economic indicator measures the total federal tax revenue and other receipts collected by the U.S. government. It is a key metric for assessing the government's fiscal health and policy stance.
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 Budget Receipts, Total for United States captures the comprehensive set of revenue sources that fund government operations and spending. This broad measure provides insight into the government's ability to generate income through taxation, fees, and other sources.
Methodology
The data is collected and compiled by the U.S. Bureau of Economic Analysis (BEA) based on reports from federal agencies.
Historical Context
Policymakers and analysts use this metric to evaluate the government's fiscal position and the potential impact on the broader economy.
Key Facts
- Federal budget receipts account for approximately 18% of U.S. GDP.
- Income taxes make up the largest component of federal receipts, at around 50%.
- Receipts have fluctuated between 15-20% of GDP over the past two decades.
FAQs
Q: What does this economic trend measure?
A: The Federal Budget Receipts, Total for United States measures the total revenue collected by the U.S. federal government, including taxes, fees, and other sources of income.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the government's fiscal position and ability to fund its operations and policy initiatives, which is a key consideration for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Bureau of Economic Analysis (BEA) based on reports from federal agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the government's fiscal position and the potential impact on the broader economy, including its influence on interest rates, inflation, and economic growth.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Federal Budget Receipts, Total for United States (M1504AUSM144NNBR), retrieved from FRED.