Inter-Institutional Transfers

Inter-Institutional Transfers are one of two Transfer Payment types in the SAM. They represent the flow of non-industrial funds and include transfers from people to government (payment of taxes) and transfers from governments to people (social security, unemployment compensation, and other refunds and benefits). Inter-institutional transfers also include the capital accounts. For businesses, this is investment and borrowing. For households, this is net savings. Government capital accounts show surplus and deficits.