BEA Statistics Help Get Federal Funds to States and Local Areas
Did you know? The federal government uses BEA statistics, such as state and local personal income data, to allocate billions of dollars to state and local governments each year. In fiscal year 2021, more than $692 billion were distributed through programs using BEA statistics in their federal funding formulas.
The largest such program was Medicaid. Other programs relied on BEA’s regional data to provide federal money for child care, children’s health insurance, grants for local education, school lunches, and more. For details, see Uses of the Regional Program Estimates.