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Release Date: April 29, 2021 Effects of Selected Federal Pandemic Response Programs on Federal Government Receipts, Expenditures, and Saving, 2021Q1 Advance (Billions of dollars, seasonally adjusted at annual rates) Line 1 Current receipts 2 Current tax receipts 3 Personal current taxes 4 Taxes on production and imports Of which: Aviation tax holiday 1 5 6 Taxes on corporate income 7 Taxes from the rest of the world 8 Contributions for government social insurance 9 Income receipts on assets 10 Interest receipts Of which: 2 Student loan forbearance 11 12 Dividends 13 Rents and royalties 14 Current transfer receipts 15 From business 16 From persons 17 From the rest of the world 18 Current surplus of government enterprises 19 Current expenditures 20 Consumption expenditures Of which: Paycheck Protection Program lender processing fees 3 21 22 Current transfer payments 23 Government social benefits 24 To persons Of which: Economic impact payments 4 25 5 Expansion of unemployment programs 26 6 Increase in Medicare reimbursement rates 27 7 Lost wages supplemental payments 28 Paycheck Protection Program loans to NPISH 3 29 8 Provider Relief Fund to NPISH 30 31 To the rest of the world Of which: Economic impact payments 4 32 33 Other current transfer payments 34 Grants-in-aid to state and local governments Of which: Coronavirus Relief Fund 9 35 10 Education Stabilization Fund 36 8 Provider Relief Fund 37 38 To the rest of the world 39 Interest payments 40 Subsidies Of which: 11 Coronavirus Food Assistance Program 41 42 Employee Retention Tax Credit 43 Grants to air carriers Paycheck Protection Program loans to businesses 3 44 45 Corporate business 46 Sole proprietorships and partnerships 47 Farm 48 Nonfarm Provider Relief Fund 8 49 Support for public transit agencies 12 50 51 Tax credits to fund paid sick leave 52 Net federal government saving Addenda 53 Total receipts 54 Current receipts 55 Capital transfer receipts 56 Total expenditures 57 Current expenditures 58 Capital transfer payments Of which: 13 Emergency rental and homeowners assistance 59 60 Net investment 61 Net purchases of nonproduced assets ARPA CARES CRRSA NPISH Levels 2020 2019 Q4 3,763.7 2,177.1 1,740.2 179.2 Q1 3,753.1 2,150.0 1,756.6 183.8 Q2 3,468.8 1,929.7 1,600.1 131.4 Q3 3,677.1 2,064.0 1,685.0 144.7 ... 229.7 27.9 1,416.9 111.2 40.1 -3.5 180.5 29.1 1,436.4 112.8 35.8 -19.4 171.5 26.6 1,374.2 107.4 16.6 ... 62.6 8.4 60.5 27.3 27.2 6.0 -2.0 4,818.6 1,113.7 -7.1 68.6 8.4 54.8 28.9 22.9 3.0 -1.0 4,903.9 1,118.0 ... 3,039.9 2,372.1 2,347.7 Change from preceding quarter 2020 Q2 Q3 Q4 -284.2 208.3 79.0 -220.3 134.3 70.4 -156.4 84.9 32.7 -52.4 13.3 6.1 Q4 3,756.1 2,134.4 1,717.7 150.8 2021 Q1* ........... ........... 1,722.1 160.0 Q1 -10.7 -27.1 16.3 4.6 -19.4 207.0 27.3 1,426.6 127.7 16.1 -19.4 236.9 29.0 1,445.8 110.4 16.2 0.0 ........... 29.9 1,476.9 99.0 16.6 -3.5 -49.2 1.2 19.5 1.6 -4.4 -15.9 -9.0 -2.5 -62.2 -5.4 -19.2 0.0 35.5 0.7 52.4 20.2 -0.5 0.0 29.8 1.8 19.2 -17.3 0.1 19.4 ........... 0.8 31.1 -11.4 0.4 -36.0 85.7 5.2 57.9 29.8 22.6 5.5 -0.4 9,107.1 1,168.1 -36.0 107.1 4.4 58.5 34.3 22.5 1.7 0.3 7,205.6 1,141.0 -36.0 89.7 4.5 65.5 39.4 22.5 3.6 0.0 6,025.9 1,142.9 -36.0 77.4 5.0 60.1 31.7 22.5 5.9 -0.5 8,172.0 1,206.4 -7.1 6.0 0.0 -5.7 1.6 -4.3 -3.0 1.0 85.3 4.3 -28.9 17.1 -3.2 3.1 0.9 -0.3 2.5 0.6 4,203.2 50.1 0.0 21.5 -0.7 0.6 4.5 -0.1 -3.8 0.7 -1,901.4 -27.2 0.0 -17.4 0.0 7.0 5.2 0.0 1.9 -0.3 -1,179.7 2.0 0.0 -12.3 0.5 -5.4 -7.8 0.0 2.3 -0.5 2,146.0 63.5 ... 3,129.7 2,447.4 2,422.5 60.3 6,293.9 4,849.4 4,815.3 12.8 4,305.3 3,523.0 3,494.9 0.0 3,734.8 2,946.3 2,918.2 52.6 6,033.5 5,194.8 5,166.9 ... 89.9 75.3 74.8 60.3 3,164.2 2,401.9 2,392.7 -47.5 -1,988.6 -1,326.4 -1,320.4 -12.8 -570.5 -576.7 -576.6 52.6 2,298.8 2,248.5 2,248.7 ... ... ... ... ... ... 24.4 ... ... ... ... ... ... 24.9 1,078.1 788.0 9.7 ... 19.1 160.9 34.1 15.6 556.2 14.8 106.2 27.0 58.4 28.1 5.0 198.5 15.1 35.9 10.8 34.5 28.1 1,933.7 473.5 15.5 1.6 10.8 43.0 27.9 ... ... ... ... ... ... 0.5 1,078.1 788.0 9.7 ... 19.1 160.9 9.2 -1,062.5 -231.8 5.1 106.2 7.9 -102.5 -6.0 -10.5 -357.6 0.3 -70.4 -16.2 -24.0 -0.1 1,928.6 275.0 0.4 -34.2 0.0 8.5 -0.1 ... 667.7 615.4 ... 682.3 627.8 4.9 1,444.6 1,396.9 0.1 782.3 728.2 0.0 788.5 738.1 8.8 838.7 783.9 ... 14.5 12.4 4.9 762.3 769.1 -4.8 -662.3 -668.7 0.0 6.2 10.0 8.8 50.2 45.7 ... ... ... 52.3 584.5 80.5 ... ... ... 54.5 581.7 74.5 597.9 28.4 64.4 47.7 559.1 1,085.9 0.0 15.8 23.4 54.1 546.5 1,212.9 0.0 15.2 13.8 50.3 538.5 609.8 0.0 28.9 17.1 54.9 529.7 402.3 ... ... ... 2.1 -2.8 -6.1 597.9 28.4 64.4 -6.8 -22.6 1,011.5 -597.9 -12.6 -41.0 6.4 -12.6 126.9 0.0 -0.6 -9.6 -3.8 -8.1 -603.1 0.0 13.7 3.3 4.5 -8.8 -207.5 ... ... ... ... ... ... ... ... ... ... ... -1,054.9 ... ... ... ... ... ... ... ... ... ... ... -1,150.8 16.9 73.3 63.8 609.3 393.7 215.6 6.5 209.1 96.6 22.0 140.0 -5,638.3 18.4 73.3 15.0 865.6 559.3 306.2 9.2 297.1 35.1 0.0 140.0 -3,528.6 46.2 73.3 0.1 260.3 168.2 92.1 2.8 89.3 20.7 0.0 140.0 -2,269.8 0.9 73.3 38.0 184.6 102.9 81.6 4.9 76.8 25.7 9.8 8.0 ........... ... ... ... ... ... ... ... ... ... ... ... -95.9 16.9 73.3 63.8 609.3 393.7 215.6 6.5 209.1 96.6 22.0 140.0 -4,487.5 1.6 0.0 -48.8 256.3 165.6 90.7 2.7 88.0 -61.5 -22.0 0.0 2,109.7 27.8 0.0 -14.9 -605.3 -391.1 -214.2 -6.4 -207.7 -14.4 0.0 0.0 1,258.7 -45.3 0.0 37.9 -75.7 -65.3 -10.5 2.1 -12.6 5.0 9.8 -132.0 ........... 3,779.3 3,763.7 15.6 4,939.7 4,818.6 86.1 3,769.9 3,753.1 16.8 5,029.8 4,903.9 92.4 3,486.1 3,468.8 17.3 9,225.1 9,107.1 85.1 3,694.7 3,677.1 17.6 7,322.6 7,205.6 87.9 3,773.8 3,756.1 17.7 6,153.2 6,025.9 87.0 ........... ........... 17.7 8,486.2 8,172.0 295.4 -9.4 -10.7 1.2 90.1 85.3 6.3 -283.8 -284.2 0.4 4,195.3 4,203.2 -7.3 208.7 208.3 0.4 -1,902.6 -1,901.4 2.9 79.1 79.0 0.1 -1,169.4 -1,179.7 -0.9 ........... ........... 0.0 2,333.0 2,146.0 208.4 ... 35.9 -0.9 ... 34.0 -0.5 ... 33.1 -0.1 ... 40.1 -11.1 ... 40.5 -0.2 203.0 37.1 -18.3 ... -1.9 0.5 ... -0.9 0.3 ... 7.0 -11.0 ... 0.3 10.9 203.0 -3.3 -18.0 -American Rescue Plan Act of 2021 -Coronavirus Aid, Relief, and Economic Security -Coronavirus Response and Relief Supplemental Appropriations Act of 2021 -Nonprofit institutions serving households * Taxes on corporate income are not published in advance estimates. 1. Certain aviation excise taxes were temporarily suspended by the CARES Act beginning on March 28, 2020. 2. Interest payments due on certain categories of federally-held student loans were initially suspended by the CARES Act. For more information, see "How does the federal response to the COVID-19 pandemic affect BEA's estimate of personal interest payments?". 3. The Paycheck Protection Program, initially established by the CARES Act, provides forgivable loans to help small businesses and nonprofit institutions make payroll and cover other expenses. It also provides funding to reimburse private lending institutions for the costs of administering these loans. For more information, see "How does the Paycheck Protection Program impact the national income and product accounts (NIPAs)?". 4. Economic impact payments, initially established by the CARES Act, provide direct payments to individuals. For more information, see "How are federal economic impact payments to support individuals during the COVID-19 pandemic recorded in the NIPAs?". 5. Unemployment insurance benefits were expanded through several programs that were initially established through the CARES Act. For more information, see "How will the expansion of unemployment benefits in response to the COVID-19 pandemic be recorded in the NIPAs?". 6. A two percent reduction in reimbursements paid to Medicare service providers that went into effect in 2013 was initially suspended by the CARES Act. The resulting increased reimbursement rates went into effect beginning on May 1, 2020. 7. The Federal Emergency Management Agency (FEMA) was authorized to make payments from the Disaster Relief Fund to supplement wages lost as a result of the COVID-19 pandemic. 8. The Department of Health and Human Services distributes money from the Provider Relief Fund to hospitals and health care providers on the front lines of the coronavirus response. This funding supports health care-related expenses or lost revenue attributable to COVID-19 and ensures uninsured Americans can get treatment for COVID-19. In the NIPAs, funds provided to nonprofit hospitals are recorded as social benefits. 9. The Coronavirus Relief Fund, initially established by the CARES Act, provides for payments to state, local, and tribal governments for necessary expenditures incurred due to the COVID-19 public health emergency. 10. The Education Stabilization Fund, initially established by the CARES Act, provides education support to states, schools, and institutes of higher education in response to coronavirus. Four grant programs were created through the CARES Act: Education Stabilization Fund Discretionary Grants; Governor’s Emergency Education Relief Fund; Elementary and Secondary School Emergency Relief Fund; and Higher Education Emergency Relief Fund. 11. The Coronavirus Food Assistance Program, initially established by the CARES Act, provides direct support to farmers and ranchers where prices and market supply chains have been impacted by the COVID-19 pandemic. 12. The CARES Act provides $25 billion to transit agencies to help to prevent, prepare for and respond to the COVID-19 pandemic. In the NIPAs, public transit agencies are classified as state and local government enterprises. 13. The Emergency Rental Assistance program, initially established by the CRRSA Act, and the Homeowner Assistance program, initially established by the ARPA, provide assistance for home expenses including including rental arrears and delinquent mortgage payments resulting from the pandemic. For more information, see "How are federal programs to assist renters and homeowners during the COVID-19 pandemic recorded in the NIPAs?". For the first quarter of 2021, includes payments from the Emergency Rental Assistance program to provide assistance to pay for rental, mortgage, and utility arrears resulting from the COVID-19 pandemic. NOTE: For national statistics detailing the amount of federal government receipts and expenditures, BEA publishes the total level at an annualized rate. BEA does this so that monthly estimates can be easily compared to quarterly estimates included in BEA's quarterly gross domestic product report, for example. To be consistent, the figures in this table also are annualized. For more information, see the FAQ "Why does BEA publish estimates at annual rates?" on BEA's website. Data on this table will be superseded by updated estimates. Source: U.S. Bureau of Economic Analysis 2021 Q1 ........... ........... 4.4 9.2
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