Appendix A.—Revisions to the National Income and Product Accounts—Continued

[Billions of dollars]

1995 1996 1997
Revised Revision Revised Revision Revised Revision
Account 2.—Personal Income and Outlay Account
Personal tax and nontax payments795.0-0.1890.53.6989.00.3
Personal outlays5,097.2-3.95,376.27.45,674.115.6
Personal consumption expenditures4,953.9-3.85,215.78.15,493.77.9
Interest paid by persons127.6-.9143.6-1.6161.56.7
Personal transfer payments to the rest of the world (net)15.7.916.91.018.91.0
Personal saving179.8-74.8158.5-81.1121.0-105.7
PERSONAL TAXES, OUTLAYS, AND SAVING6,072.1-78.76,425.2-70.06,784.0-89.9
Wage and salary disbursements3,428.5-1.03,631.1-1.43,889.812.4
Other labor income401.6-5.2387.0-20.6392.9-23.7
Proprietors' income with inventory valuation and capital consumption adjustments488.1-.9527.77.4551.26.7
Rental income of persons with capital consumption adjustment133.7.9150.23.9158.210.3
Personal dividend income192.8-59.1248.2-43.0260.3-61.2
Dividends205.3-59.1261.9-42.9275.1-61.0
Less: Dividends received by government12.5013.7.114.8.2
Personal interest income704.9-14.0719.4-16.3747.3-21.3
Net interest420.6-4.5418.6-6.5432.0-16.7
Net interest paid by government156.7-8.5157.1-8.3153.8-11.3
Interest paid by persons127.6-.9143.6-1.6161.56.7
Transfer payments to persons1,015.9.91,068.001,110.4-10.7
From business25.8.826.4.427.2.1
From government990.1.11,041.5-.51,083.3-10.8
Less: Personal contributions for social insurance293.6.5306.30326.22.5
PERSONAL INCOME6,072.1-78.76,425.2-70.06,784.0-89.9
Account 3.—Government Receipts and Expenditures Account
Consumption expenditures1,138.1-4.01,175.5-6.91,219.2-7.6
Transfer payments1,001.501,057.7-.61,096.0-11.3
To persons990.1.11,041.5-.51,083.3-10.8
To the rest of the world (net)11.4-.116.2-.112.7-.5
Net interest paid156.7-8.5157.1-8.3153.8-11.3
Less: Dividends received by government12.5013.7.114.8.2
Subsidies less current surplus of government enterprises25.1-.122.0-3.421.9-4.2
Less: Wage accruals less disbursements000000
Current surplus or deficit (-), national income and product accounts-62.78.712.317.4113.134.1
Federal-174.40-110.3.2-21.17.7
State and local111.78.6122.617.3134.126.3
GOVERNMENT CURRENT EXPENDITURES AND SURPLUS2,246.1-4.12,411.0-1.72,589.2-.4
Personal tax and nontax payments795.0-.1890.53.6989.0.3
Corporate profits tax liability211.0-2.2226.1-2.9246.1-3.3
Indirect business tax and nontax liability581.2-1.6606.41.6627.27.8
Contributions for social insurance658.9-.2688.0-4.0727.0-5.1
Employer365.3-.7381.7-4.0400.7-7.7
Personal293.6.5306.30326.22.5
GOVERNMENT RECEIPTS2,246.1-4.12,411.0-1.72,589.2-.4

Appendix A, page 1

Appendix A, page 3

DCSIMG