United States - State and local government current expenditures: Current transfer payments was 1040.20100 Bil. of $ in October of 2023, according to the United States Federal Reserve. Historically, United States - State and local government current expenditures: Current transfer payments reached a record high of 1087.53600 in April of 2023 and a record low of 1.64000 in January of 1947. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - State and local government current expenditures: Current transfer payments - last updated from the United States Federal Reserve on April of 2024.