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Release Date: September 30, 2021 Effects of Selected Federal Pandemic Response Programs on Federal Government Receipts, Expenditures, and Saving, 2021Q2 Third (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: Student loan forbearance 2 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 Expansion of unemployment programs 5 26 Increase in Medicare reimbursement rates 6 27 Lost wages supplemental payments 7 28 Paycheck Protection Program loans to NPISH 3 29 Provider Relief Fund to NPISH 8 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 Education Stabilization Fund 10 36 Provider Relief Fund 8 37 38 To the rest of the world 39 Interest payments 40 Subsidies Of which: Coronavirus Food Assistance Program 11 41 Economic Injury Disaster Loans 12 42 43 Employee Retention Tax Credit 44 Grants to air carriers Paycheck Protection Program loans to businesses 3 45 46 Corporate business 47 Sole proprietorships and partnerships 48 Farm 49 Nonfarm Provider Relief Fund 8 50 Restaurant Revitalization Fund 13 51 Support for public transit agencies 14 52 53 Tax credits to fund paid sick leave 54 Net federal government saving Addenda 55 Total receipts 56 Current receipts 57 Capital transfer receipts 58 Total expenditures 59 Current expenditures 60 Capital transfer payments Of which: Emergency rental and homeowners assistance 15 61 62 Net investment 63 Net purchases of nonproduced assets ARPA CARES CRRSA NPISH Levels Change from preceding quarter 2020 2021 Q3 Q4 Q1 Q2 209.4 124.7 167.4 164.0 138.5 95.2 146.9 116.6 80.7 74.8 115.0 76.4 13.0 5.3 9.6 11.6 Q1 3,751.2 2,119.0 1,737.9 185.8 2020 Q2 3,481.1 1,913.3 1,581.5 138.3 Q3 3,690.5 2,051.8 1,662.2 151.3 Q4 3,815.1 2,147.0 1,736.9 156.6 2021 Q1 3,982.6 2,294.0 1,851.9 166.2 Q2 4,146.6 2,410.5 1,928.3 177.8 Q2 -270.1 -205.7 -156.4 -47.5 -3.5 166.7 28.6 1,457.1 116.5 35.0 -16.2 167.4 26.1 1,391.6 114.1 19.1 -16.2 211.7 26.6 1,443.8 132.4 19.5 -16.2 225.1 28.3 1,486.0 116.3 20.3 0.0 246.4 29.4 1,517.9 109.5 20.5 0.0 275.1 29.3 1,542.2 139.0 21.9 -12.7 0.7 -2.5 -65.5 -2.4 -15.8 0.0 44.3 0.5 52.2 18.3 0.4 0.0 13.4 1.7 42.2 -16.1 0.8 16.2 21.3 1.1 31.9 -6.8 0.2 0.0 28.6 -0.1 24.3 29.5 1.4 -7.5 73.3 8.2 59.5 34.8 21.8 2.9 -0.9 4,909.2 1,124.7 -37.8 89.9 5.1 62.7 36.3 20.9 5.5 -0.6 9,106.7 1,187.6 -37.8 108.5 4.3 62.6 40.5 20.5 1.7 -0.2 7,206.8 1,169.4 -37.8 91.6 4.4 66.6 43.1 20.5 3.1 -0.8 5,955.2 1,164.1 -37.8 84.3 4.8 62.8 36.1 20.6 6.1 -1.6 8,071.4 1,219.9 -37.8 111.9 5.2 56.7 33.9 20.9 2.0 -1.9 7,490.5 1,208.1 -30.3 16.6 -3.1 3.2 1.5 -0.9 2.6 0.3 4,197.5 62.9 0.0 18.7 -0.7 -0.1 4.2 -0.4 -3.9 0.4 -1,899.9 -18.2 0.0 -16.9 0.1 4.0 2.5 0.0 1.4 -0.6 -1,251.6 -5.4 0.0 -7.3 0.4 -3.9 -7.0 0.1 3.0 -0.8 2,116.2 55.9 0.0 27.6 0.4 -6.1 -2.2 0.2 -4.1 -0.3 -580.9 -11.8 ... 3,137.8 2,443.0 2,417.9 54.9 6,258.2 4,810.8 4,766.7 14.6 4,295.4 3,503.3 3,468.3 3.7 3,660.9 2,867.3 2,839.1 44.8 5,945.2 5,107.4 5,070.6 23.9 5,081.5 3,401.7 3,372.3 54.9 3,120.4 2,367.8 2,348.8 -40.2 -1,962.8 -1,307.6 -1,298.4 -11.0 -634.5 -636.0 -629.1 41.2 2,284.4 2,240.0 2,231.4 -20.9 -863.7 -1,705.7 -1,698.3 ... ... ... … ... 1.5 25.2 1,078.1 779.6 9.6 … 57.2 160.9 44.1 15.6 582.4 14.4 106.2 81.2 58.4 35.0 5.0 216.6 14.3 35.9 24.4 34.5 28.2 1,933.7 505.0 14.2 1.6 10.8 42.8 36.8 290.1 429.7 14.1 0.6 24.7 26.6 29.4 1,078.1 779.6 9.6 … 57.2 159.4 19.0 -1,062.5 -197.2 4.8 106.2 24.0 -102.5 -9.1 -10.5 -365.8 -0.1 -70.4 -56.8 -24.0 -6.8 1,928.6 288.3 -0.2 -34.2 -13.6 8.3 8.6 -1,643.6 -75.3 0.0 -1.0 13.9 -16.2 -7.4 ... 694.8 640.6 4.9 1,447.3 1,400.0 0.1 792.1 738.5 0.0 793.5 743.0 8.8 837.9 781.5 1.3 1,679.9 1,632.2 4.9 752.5 759.5 -4.8 -655.2 -661.6 0.0 1.5 4.5 8.7 44.3 38.5 -7.5 842.0 850.7 ... ... … 54.2 566.4 80.3 597.9 28.4 64.4 47.3 537.3 1,123.6 0.0 15.8 23.4 53.6 521.5 1,220.5 0.0 15.2 13.8 50.5 511.7 618.6 0.0 28.9 17.1 56.4 502.5 403.8 785.9 67.6 10.6 47.7 503.8 697.0 597.9 28.4 64.4 -6.9 -29.1 1,043.4 -597.9 -12.6 -41.0 6.3 -15.8 96.9 0.0 -0.6 -9.6 -3.0 -9.8 -601.9 0.0 13.7 3.3 5.8 -9.2 -214.8 785.9 38.7 -6.5 -8.7 1.4 293.2 … ... ... ... ... ... ... ... ... … ... ... ... -1,158.0 16.9 60.3 73.3 63.8 576.9 372.8 204.1 6.1 198.0 96.6 … 22.0 140.0 -5,625.6 18.4 18.5 73.3 15.0 819.5 529.6 289.9 8.7 281.2 35.1 … 25.3 140.0 -3,516.3 46.2 0.0 73.3 0.1 246.3 159.1 87.1 2.6 84.5 20.7 … 11.8 140.0 -2,140.1 0.9 0.3 62.9 38.0 184.6 102.9 81.6 4.9 76.8 25.7 … 9.8 8.0 -4,088.9 14.3 11.3 62.9 47.3 427.2 238.2 189.0 11.3 177.6 16.0 21.4 12.3 8.0 -3,343.9 16.9 60.3 73.3 63.8 576.9 372.8 204.1 6.1 198.0 96.6 ... 22.0 140.0 -4,467.6 1.6 -41.8 0.0 -48.8 242.6 156.8 85.8 2.6 83.3 -61.5 … 3.3 0.0 2,109.3 27.8 -18.5 0.0 -14.9 -573.2 -370.4 -202.8 -6.1 -196.7 -14.4 … -13.5 0.0 1,376.2 -45.3 0.3 -10.4 37.9 -61.7 -56.2 -5.5 2.3 -7.8 5.0 … -2.0 -132.0 -1,948.8 13.4 11.0 0.0 9.2 242.6 135.3 107.3 6.4 100.9 -9.7 21.4 2.5 0.0 744.9 3,769.1 3,751.2 17.8 5,033.2 4,909.2 92.5 3,500.4 3,481.1 19.3 9,234.4 9,106.7 92.0 3,710.1 3,690.5 19.7 7,328.4 7,206.8 92.1 3,834.8 3,815.1 19.6 6,084.5 5,955.2 90.4 4,003.0 3,982.6 20.5 8,386.7 8,071.4 297.7 4,167.6 4,146.6 21.0 7,618.1 7,490.5 89.9 -268.6 -270.1 1.5 4,201.2 4,197.5 -0.5 209.7 209.4 0.3 -1,906.0 -1,899.9 0.0 124.6 124.7 0.0 -1,243.9 -1,251.6 -1.6 168.3 167.4 0.8 2,302.3 2,116.2 207.2 164.6 164.0 0.6 -768.7 -580.9 -207.8 ... 31.8 -0.3 ... 35.8 -0.1 ... 40.6 -11.1 ... 39.0 -0.2 203.0 35.9 -18.3 0.0 38.0 -0.3 ... 3.9 0.2 ... 4.9 -11.0 ... -1.6 10.9 203.0 -3.1 -18.1 -203.0 2.1 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 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 COVID19 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 carerelated 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. Economic Injury Disaster Loans provide economic relief to small businesses and nonprofit organizations experiencing a temporary loss of revenue. The loans can be used to cover a wide array of working capital needs and normal operating expenses. For more information, see How is the COVID-19 Economic Injury Disaster Loan program (EIDL) recorded in the NIPAs? 13. The Restaurant Revitalization Fund provides emergency assistance to bars, restaurants, and other food and beverage-related businesses. The program compensates owners for the decline in revenue due to the COVID19 pandemic. For more information, see How does the Restaurant Revitalization Fund impact the NIPAs? 14. 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. 15. 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 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 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
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