Treatment of Federal Receipts and Expenditures in the National Income and Products Accounts, May 2010

摘要

The fiscal transactions of the federal government are recorded in two major sets of accounts. One is The Budget of the United States Government, which is prepared by the Office of Management and Budget and is the framework generally used by executive branch agencies and the Congress and typically discussed in the press. The other set of accounts is the national income and product accounts (NIPAs), which are produced by the Department of Commerces Bureau of Economic Analysis. The purposes served by the budget and the NIPA accounting frameworks, the conceptual differences, and the relationship between those two sets of data are examined briefly below and more thoroughly in previous publications by the Congressional Budget Office (CBO). This report updates information on the relationship between the budget and NIPAs appearing in those CBO reports; the updates are based on CBOs March 2010 baseline projections of federal revenues and outlays.