'''Receipts''' are collections from the public and from payments by participants in certain social [[insurance]] and other [[Federal]] programs. These collections consist primarily of [[tax]] revenues and social insurance premiums, but also include receipts from [[court]] fines, certain fees, and deposits by earnings by the [[Federal Reserve System]]. Total receipts are compared with total outlays in calculating the [[budget]] surplus or deficit.<ref>[http://www.senate.gov/reference/glossary_term/receipts.htm] US Senate Reference</ref>
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'''Receipts''' are collections from the public and from payments by participants in certain social [[insurance]] and other [[Federal]] programs. These collections consist primarily of [[tax]] revenues and social insurance premiums, but also include receipts from [[court]] fines, certain fees, and deposits by earnings by the [[Federal Reserve System]]. Total receipts are compared with total outlays in calculating the [[budget]] surplus or deficit.<ref>[https://www.senate.gov/reference/glossary_term/receipts.htm] US Senate Reference</ref>