Government Finance Statistics-IMF Framework

Government finance statistics are used to facilitate fiscal analysis and comparability with other countries by allowing the use of a common methodology. Although derived from the government statistics in BEA's standard macroeconomic accounts, the estimates presented here have been adjusted to adhere to the International Monetary Fund's accounting framework and the tables designed to reflect this framework. They include quarterly and annual estimates of government revenue, expense, and transactions in nonfinancial assets for the federal government; combined state and local governments; and total government. These U.S. statistics, along with two government data tables from BEA's Integrated Macroeconomic Accounts, are submitted quarterly for publication in the IMF's Government Finance Statistics international database.

These estimates are based on the accounting standards of the IMF's Government Finance Statistics Manual 2014. Because of conceptual differences, some of the estimates in these tables will differ from the official estimates of government receipts and expenditures published in BEA's National Income and Product Accounts. For further information on the conceptual differences, see "Comparison of Government Finance Statistics with BEA’s National Account Estimates".

What are Government Finance Statistics-IMF Framework?

Unlike BEA's standard statistics on government receipts and expenditures, these quarterly and annual data follow the accounting framework of the International Monetary Fund's Government Finance Statistics. They are used to analyze fiscal policy and make comparisons with other countries.