Does 'For example, NIPA excludes capital transfers, like estate tax receipts, which are recorded as revenue in the unified budget, and investment grants-in-aid to state and local governments, which the unified budget records as outlays.' stand independently of the premise 'NIPA does not exclude capital transfers.', neither following nor contradicting it?
For example, NIPA excludes capital transfers, like estate tax receipts, which are recorded as revenue in the unified budget, and investment grants-in-aid to state and local governments, which the unified budget records as outlays.###NIPA does not exclude capital transfers.