Social Security Revenue Versus Expenditures

In order to achieve consistency between on the one hand the national accounts logic expressed in the sequence of accounts for production generation distribution redistribution and use of income accumulation and financing and on the other hand a government budget perspective government spending and receipts two additional concepts about national accounts.

Social security revenue versus expenditures. Government spending the remainder coming from state and local governments. Social security administration office of policy ssa gov accessed 4 august 2015. 1 14 revenue expenditure accounts overview 1 14 10 the overview includes the major categories of revenues and expenditures. What happened to the 1 000 000 000 000 stolen from social security posted on august 4 2011 by kj kaufman leave a comment since all of my friends are hard working americans that have paid into social security their entire working lives i thought you might like to see the raw figures with respect to social security revenues and.

We can also see that the 148 million reduction in opex 1 088 940 in 2020 directly helped the. The q2 2020 revenue expenditures decreased from 1 088 billion that was reported in q2 2019. Social security took in 912 billion in fiscal 2018 and spent 991 billion. 2014 which states are givers and which states are takers 5 may.

Although social security is often said to have a trust fund the term really serves as an accounting device to track the pay as you go program s revenue and outlays over time. For the full listing of all revenue and expenditure codes go to bars account export. The buildup of the reserves is now historical fact although they did not grow quite as large as originally projected ultimately reaching 18 percent of gdp rather than 25 percent.