Tuesday, February 9, 2016

Federal Budget for FY17 Released

On February 9, 2016, we updated usgovernmentspending.com with the numbers from the historical tables in the Budget of the United States Government for Fiscal Year 2017. Actual revenue for FY 2015 and estimated revenue through FY 2021 come from Historical Tables 2.1, 2.4, and 2.5. Actual spending for FY 2015 and estimated spending at the subfunction level through FY 2021 comes from Table 3.2. Budget Authority estimates come from Table 5.1, federal debt estimates come from Table 7.1 and GDP estimates come from Table 10.1. Intergovernmental transfers come from Table 12.3.

Here is how headline budget estimates for the upcoming FY 2017 fiscal year have changed since the release of the FY 2016 budget a year ago in 2015.

FY 2017 Federal Budget Changes Since 2015
$ billionEstimate in
FY16 Budget
Estimate in
FY17 Budget
Change
Federal Outlays$4,217.8$4,147.2-$70.6
Federal Receipts$3,755.0$3,643.7-$111.3
Federal Deficit$462.8$503.5+$40.7

You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.

Account level spending estimates through FY 2021 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on February 9, 2016.

Account level budget authority estimates through FY 2021 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on February 9, 2016.

Saturday, February 6, 2016

State and Local Finances Update for FY 2013

On February 1, 2016 usgovernmentspending.com learned that the US Census Bureau may not continue distributing a "flat file" of state and local finances, but only publish a summary of state and local finances.

So we have adapted our state and local finance process to extract the necessary data from the summary files published at the Bureau's State and Local Finance page. Briefly, this means that many detail functions, such as elementary education, are compressed to a single data item instead of two or three.

On February 6, 2016 we updated the state and local spending and revenue for FY 2013 using the newly Census Bureau State and Local Government Finances summaries for FY 2013 released in Fall 2015.  This includes state and local spending for the United States as a whole and individual states and the District of Columbia.

State and local spending and revenue for FY2013 are now actual historical spending as reported by the Census Bureau.  Previously state spending and revenue for FY2013 was actual and local spending and revenue was estimated.  The following table shows the difference between estimated and actual local spending and revenue for FY2013:

FY 2013Estimated
$ billion
Actual
$ billion
Local Spending$1,601$1,684
Local Revenue$1,094$1,169

We will update the "guesstimated" state and local finances for FY2014-20 after the FY2017 federal budget update.

Tuesday, December 22, 2015

US, State Population Update for 2015

On December 22, 2015 the US Census Bureau released its national and state population estimates for July 1, 2015.  On December 22, 2015 usgovernmentspending.com updated its US and state population data as follows:
  • We updated 2010-2015 population data for US and states using data from US Census Bureau Population Estimates: vintage 2015 in file NST-EST2015-01.xlsx.
  • We projected 2016 thru 2020 for US and states assuming population rate change for 2014-15.
  • We updated 2016 thru 2020 for US using data from US Census Bureau 2014 National Population Projections in file NP2014-T1.xls.
usgovernmentspending.com uses population data in computing per capita spending and revenue data. You can see per capita spending data in a chart here, and in a table of spending here.

You can check the data update schedule here.