Monday, December 26, 2016

US, State Population Update for 2016

On December 19, 2016 the US Census Bureau released its US national and state population estimates for July 1, 2016.  On December 26, 2016 usgovernmentspending.com updated its US and state population data as follows:
  • We updated 2010-2016 population data for US and states using data from US Census Bureau Population Estimates: vintage 2016 in file nst-est2016-01.xlsx.
  • We projected 2017 thru 2021 for US and the states assuming population rate change for 2015-16.
  • We updated 2017 thru 2021 for US only 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.

Saturday, December 10, 2016

State and Local Finances for FY 2014

On December 10, 2016 we updated the state and local spending and revenue for FY 2014 using the newly Census Bureau State and Local Government Finances summaries for FY 2014 released on December 9, 2016.  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 FY2014 are now actual historical spending as reported by the Census Bureau.  Previously state spending and revenue for FY2014 was actual, and local spending and revenue was estimated.  The following table shows the difference between estimated and actual local spending and revenue for FY2014:

FY 2014Estimated
$ billion
Actual
$ billion
Local Spending$1,701$1,707
Local Revenue$1,252$1,169

The Census Bureau has also updated state and local finances for 2012 and 2013, as follows:

FY 2012
Previous
$ billion
FY 2012
Latest
$ billion
FY 2013
Previous
$ billion
FY 2013
Latest
$ billion
State Spending$1,500$1,497$1,517$1,517
Local Spending$1,647$1,650$1,684$1,658
State Revenue$1,373$1,366 $1,666$1,666
Local Revenue$1,076$1,077 $1,169$1,155

We have updated the "guesstimated" state and local finances for FY2015-21 as indicated in our "guesstimate" blog entries.

Saturday, October 15, 2016

Federal Deficit and Outlay Actuals for FY16

On October 14, 2016, the US Treasury reported in its Monthly Treasury Statement (and xls) for September that the federal deficit for FY 2016 ending September 30 was $587 billion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 2017 federal budget published in February 2016:

Federal Finances
FY 2016 Outcomes
Budget
billions
Outcome
billions
Receipts $3,336$3,267
Outlays$3,951$3,854
Deficit$616$587

usfederalbudget.us now shows the new numbers for total FY 2016 outlays and receipts on its Estimate vs. Actual page.

The Monthly Treasury Statement includes ""Table 4: Receipts of the United States Government, September 2015 and Other Periods." This table of receipts by source is used for usgovernmentspending.com to post federal receipt actuals for FY 2016.

The Monthly Treasury Statement includes "Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, September 2016 and Other Periods".   This table of outlays by function makes it possible for usgovernmentspending.com to estimate actual outlays by "subfunction" for FY 2016 by factoring budgeted amounts by the difference between budgeted and actual "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.

Final detailed FY 2016 numbers will not appear on usgovernmentspending.com until the FY 2018 federal budget is published in February 2017 with the actual outlays for FY 2016 in Historical Table 3.2--Outlays by Function and Subfunction.