U.S. DEPARTMENT OF THE TREASURY | BUREAU OF THE FISCAL SERVICE

Monthly Treasury Statement

Receipts and Outlays of the United States Government 

For Fiscal Year 2020 Through March 31, 2020, and Other Periods

Contents 

Summary.................................................................................................................................................................... Page 5

Receipts...................................................................................................................................................................... Page 10

Outlays........................................................................................................................................................................ Page 11

Means of Financing.................................................................................................................................................... Page 25

Receipts/Outlays by Month......................................................................................................................................... Page 35

Federal Trust Funds/ Securities.................................................................................................................................. Page 37

Receipts by Source/Outlays by Function.................................................................................................................... Page 38

Explanatory Notes....................................................................................................................................................... Page 39

Introduction

 The Monthly Treasury Statement of Receipts and Outlays of the United States Government (MTS) is prepared by the Bureau 

of the Fiscal Service, Department of the Treasury and, after approval by the Fiscal Assistant Secretary of the Treasury, is 

normally released on the 8th workday of the month following the reporting month. The publication is based on data provided 

by Federal entities, disbursing officers, and Federal Reserve banks.

AUDIENCE 

 The MTS is published to meet the needs of those responsible for or interested in the cash position of the Treasury, those who 

are responsible or interested in the Government's budget results; and individuals and businesses whose operations depend 

upon or are related to the Government's financial operations. 

DISCLOSURE STATEMENT 

 This statement summarizes the financial activities of the Federal Government and off-budget Federal entities conducted in 

accordance with the Budget of the U.S. Government, i.e., receipts and outlays of funds, the surplus or deficit, and the means 

of financing the deficit or disposing of the surplus. Information is presented on a modified cash basis; receipts are accounted 

for on the basis of collections; refunds of receipts are treated as deductions from gross receipts; revolving and management 

fund receipts, reimbursements and refunds of monies previously expended are treated as deductions from gross outlays; and 

interest on the public debt (public issues) is recognized on the accrual basis. Major information sources include accounting data 

reported by Federal entities, disbursing officers, and Federal Reserve banks. 

TRIAD OF PUBLICATIONS 

 The MTS is part of a triad of Treasury financial reports. The Daily Treasury Statement is published each working day of the 

Federal Government. It provides data on the cash and debt operations of the Treasury based upon reporting of the Treasury account 

balances by Federal Reserve banks. The MTS is a report of Government receipts and outlays, based on agency reporting. The 

Combined Statement of Receipts, Outlays, and Balances of the United States Government is the official publication of the detailed 

receipts and outlays of the Government. It is published annually in accordance with legislative mandates given to the Secretary of the 

Treasury. 

DATA SOURCES AND INFORMATION 

 The Explanatory Notes section of this publication provides information concerning the flow of data into the MTS and sources 

of information relevant to the MTS. 

3

Highlight

Outlays for Military active duty and retirement, veterans benefits, Supplemental 

Security Income, and Medicare payments to health maintenance organizations and 

prescription drug plans accelerated into February, because March 1, 2020, the 

normal payment date, fell on a non-business day.
4

Total Receipts

$238 Billion

Total Outlays

$356 Billion

Receipts by Source: Outlays by Function:

Figure 1. Receipts, Outlays, and Surplus/Deficit for March 2020

Figure 2. Cumulative Receipts, Outlays, and Surplus/Deficit through Fiscal Year 2020

Total Receipts

$1,604 Billion

Total Outlays

$2,347 Billion

Receipts by Source: Outlays by Function:

Deficit

$744 Billion

Source data: Table 9

Social Insurance & Retirement $108 Billion 

Individual Income Taxes $98 Billion 

Miscellaneous 

$8 Billion 

Excise Taxes

$6 Billion 

Corporation Income Taxes 

$10 Billion 

$5 Billion 

$1 Billion 

Customs Duties

Estate and Gift Taxes

Deficit

$119 Billion

$62 Billion 

Social Security

National Defense

$91 Billion 

$50 Billion Health

$47 Billion Income Security

$38 Billion Net Interest

$7 Billion 

$18 Billion 

Education

Veterans' Benefits & Services

Other

$25 Billion Medicare

$10 Billion 

International Affairs

 $8 Billion 

Social Insurance & Retirement $618 Billion 

Individual Income Taxes $769 Billion 

Miscellaneous 

$42 Billion 

Excise Taxes

$40 Billion 

Corporation Income Taxes 

$84 Billion 

$40 Billion 

$10 Billion 

Customs Duties

Estate and Gift Taxes

$539 Billion Social Security

$366 Billion National Defense

Health

$330 Billion Medicare

$300 Billion 

$47 Billion 

$106 Billion 

Education

Transportation

Other

$60 Billion 

$294 Billion Income Security

$199 Billion Net Interest

$105 Billion 

Veterans' Benefits & Services
5

Period Receipts Outlays Deficit/Surplus (-)

Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government, Fiscal Years 2019 and 2020, by Month

[$ millions]

FY 2019

 October 252,692 353,183 100,491

 November 205,961 410,864 204,903

 December 312,584 326,123 13,539

 January 339,980 331,299 -8,681

 February 167,265 401,243 233,977

 March 228,811 375,756 146,945

 April 535,545 375,240

 May 232,064 439,833

-160,304

207,768

 June 333,952 342,430 8,477

 July 251,348 371,043 119,695

 August 227,965 428,309 200,344

 September 374,056 291,288 -82,768

 Year-to-Date 3,462,223 4,446,611 984,388

FY 2020

 October 245,521 379,988 134,467

 November 225,185 434,024 208,838

 December 335,805 349,091 13,286

 January 372,288 404,883 32,595

 February 187,951 1423,229 235,278

 March 236,766 355,891 119,125

 Year-to-Date 1,603,516 2,347,107 743,590

1 Outlays decreased by $57 million due to additional reporting by the Department

 of the Interior.

Note: Details may not add to totals due to rounding.

Classification This

Month

Current

Fiscal Year

to Date

Budget

Estimates Full

Fiscal Year 1

Comparable

Prior Period

Year to Date

(2019)

Budget

Estimates

Next Fiscal

Year (2021) 1

Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, March 2020 and Other Periods

[$ millions]

Total On-Budget and Off-Budget Results:

 Total Receipts 236,766 1,603,516 3,706,327 1,507,293 3,863,293

 On-Budget Receipts 153,068 1,143,164 2,739,254 1,071,891 2,852,257

 Off-Budget Receipts 83,698 460,353 967,073 435,402 1,011,036

 Total Outlays 355,891 2,347,107 4,789,746 2,198,468 4,829,359

 On-Budget Outlays 266,547 1,876,205 3,829,949 1,755,032 3,811,118

 Off-Budget Outlays 89,344 470,901 959,797 443,435 1,018,241

 Total Surplus (+) or Deficit (-) -119,125 -743,590 -1,083,419 -691,174 -966,066

 On-Budget Surplus (+) or Deficit (-) -113,479 -733,041 -1,090,695 -683,141 -958,861

 Off-Budget Surplus (+) or Deficit (-) -5,646 -10,549 +7,276 -8,034 -7,205

 Total On-Budget and Off-Budget Financing 119,125 743,590 1,083,419 691,174 966,066

Means of Financing:

 Borrowing from the Public 267,964 861,047 1,080,435 443,414 1,030,904

 Reduction of Operating Cash, Increase (-) 50,700 ......

 By Other Means

-158,006

9,167

-132,774

15,317

-2,517

5,500 197,060 -64,838

1 These estimates are based on the FY 2021 Budget, released by the Office of

Management and Budget on February 10, 2020.

Note: Details may not add to totals due to rounding.

... No Transactions
6 Source data: Table 1

Receipts Outlays Deficit(-)/Surplus

2019 2020

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

($400B)

($200B)

$0B

$200B

$400B

($400B)

($200B)

$0B

$200B

$400B

2019 2020

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

$1,000B

$2,000B

$3,000B

$4,000B

($4,000B)

($3,000B)

($2,000B)

($1,000B)

($1,000B)

($500B)

$0B

$500B

$1,000B

Figure 4. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government, Cumulative,

Fiscal Years 2019 and 2020

Receipts Outlays

Figure 3. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government, Fiscal Years

2019 and 2020

Deficit(-)/Surplus
7 Source data: Table 9

$49B$40B

$42B

$84B

$769B

$618B

Fiscal Year 2020 to Date: $1,604B

2019 2020

Oct

NovDec

Jan

Feb

Mar

Apr

May

Jun

Jul

AugSep

Oct

NovDec

Jan

Feb

Mar

$0B

$50B

$100B

$150B

$200B

$250B

$300B

$350B

$400B

$450B

$500B

$550B

Receipt Amount

$6B$6B

$8B

$10B

$98B

$108B

Month of March 2020: $238B

Figure 5. Receipts of the U.S. Government, by Source, Fiscal Year 2020

Figure 6. Monthly Receipts of the U.S. Government, by Source, Fiscal Years 2019 and 2020

Excise Taxes

Other

Miscellaneous Receipts

Corporation Income Taxes

Individual Income Taxes

Social Insurance and Retirement Receipts

Other

Excise Taxes

Miscellaneous Receipts

Corporation Income Taxes

Individual Income Taxes

Social Insurance and Retirement Receipts

"Other" Includes: Customs Duties and Estate and Gift Taxes

*Disclaimer: Other category is subject to change due to negative balances held.

Note: Details may not add to totals due to rounding
8

Source data: Table 9

$91B

$25B

$38B

$43B

$62B

$50B

$47B

Month of March 2020: $356B

$539B

$294B

$300B

$366B

$199B

$318B

$330B

Fiscal Year 2020 to Date: $2,347B

2019 2020

Oct

NovDec

Jan

Feb

Mar

Apr

May

Jun

Jul

AugSep

Oct

NovDec

Jan

Feb

Mar

$0B

$50B

$100B

$150B

$200B

$250B

$300B

$350B

$400B

$450B

Outlay Amount

Figure 7. Outlays of the U.S. Government, by Source, Fiscal Year 2020

Social Security Income Security National Defense

Net Interest

Other

Medicare Health

*Disclaimer: Other category is subject to change due to negative balances held.

Figure 8. Monthly Outlays of the U.S. Government, by Source, Fiscal Years 2019 and 2020

Social Security

Medicare

Income Security

Health

National Defense

Net Interest

Other

"Other" Includes: Administration of Justice, Agriculture, Commerce and Housing Credit, Community and Regional Development, Education,

Training, Employment, and Social Services, Energy, General Government, General Science, Space, and Technology, International Affairs,

Natural Resources and Environment, Transportation, Undistributed Offsetting Receipts, Veterans' Benefits and Services.

Note: Details may not add to totals due to rounding
Classification This

Month

Current

Fiscal Year

to Date

Comparable

Prior Period

Year to Date

Budget

Estimates

Full Fiscal

Year 1

Table 3. Summary of Receipts and Outlays of the U.S. Government, March 2020 and Other Periods

[$ millions]

Budget Receipts

 Individual Income Taxes 98,316 769,460 723,828 1,812,040

 Corporation Income Taxes 10,390 84,254 67,987 263,642

 Social Insurance and Retirement Receipts:

 Employment and General Retirement (Off-Budget) 83,698 460,353 435,402 967,073

 Employment and General Retirement (On-Budget) 23,467 144,379 137,500 297,713

 Unemployment Insurance 296 11,195 11,617 42,004

 Other Retirement 405 2,551 2,312 5,236

 Excise Taxes 6,415 39,974 49,399 94,593

 Estate and Gift Taxes 1,217 9,789 8,290 20,389

 Customs Duties 4,815 39,165 34,694 92,304

 Miscellaneous Receipts 7,749 42,396 36,264 111,333

 Total Receipts 236,766 1,603,516 1,507,293 3,706,327

 (On-Budget) 153,068 1,143,164 1,071,891 2,739,254

 (Off-Budget) 83,698 460,353 435,402 967,073

Budget Outlays

 Legislative Branch 455 2,694 2,422 6,048

 Judicial Branch 701 4,188 3,940 8,580

 Department of Agriculture 11,228 88,649 85,639 154,617

 Department of Commerce 1,200 7,818 5,978 17,124

 Department of Defense--Military Programs 57,855 348,178 325,525 689,589

 Department of Education 6,366 43,152 40,685 159,297

 Department of Energy 2,876 16,027 13,634 34,351

 Department of Health and Human Services 73,527 619,263 583,491 1,322,128

 Department of Homeland Security 4,776 29,025 29,625 62,152

 Department of Housing and Urban Development 4,452 23,562 22,504 36,049

 Department of the Interior 1,632 27,362 6,551 17,458

 Department of Justice 3,534 16,507 17,129 45,277

 Department of Labor 5,649 19,022 16,988 36,390

 Department of State 2,760 15,745 14,114 32,169

 Department of Transportation 6,271 39,216 34,964 84,659

 Department of the Treasury:

 Interest on Treasury Debt Securities (Gross) 40,471 269,452 259,687 576,465

 Other 22,626 114,172 98,637 124,576

 Department of Veterans Affairs 7,294 104,836 96,633 214,336

 Corps of Engineers 795 4,368 3,429 5,543

 Other Defense Civil Programs 515 32,567 32,599 64,521

 Environmental Protection Agency 690 4,661 4,415 7,498

 Executive Office of the President 33 196 195 440

 General Services Administration -3 345 -548 1,222

 International Assistance Programs 5,372 12,374 6,598 25,670

 National Aeronautics and Space Administration 1,864 10,524 9,740 21,545

 National Science Foundation 538 3,474 3,358 7,504

 Office of Personnel Management 8,988 53,654 50,851 106,405

 Small Business Administration -1,056 -603 -96 -158

 Social Security Administration 91,869 568,127 540,426 1,155,231

 Independent Agencies 2,772 14,474 12,625 27,498

 Allowances ...... ...... ...... 364

 Undistributed Offsetting Receipts:

 Interest -2,767 -66,275 -66,491 -145,570

 Other -7,392 -59,647 -56,780 -109,232

 Total Outlays 355,891 2,347,107 2,198,468 4,789,746

 (On-Budget) 266,547 1,876,205 1,755,032 3,829,949

 (Off-Budget) 89,344 470,901 443,435 959,797

 Surplus (+) or Deficit (-) -119,125 -743,590 -691,174 -1,083,419

 (On-Budget) -113,479 -733,041 -683,141 -1,090,695

 (Off-Budget) -5,646 -10,549 -8,034 +7,276

1 These estimates are based on the FY 2021 Budget, released by the Office of February 2020.

Management and Budget on February 10, 2020. Note: Details may not add to totals due to rounding.

2 Outlays decreased by $57 million due to additional reporting for the month of ... No Transactions

9
This Month

Receipts Gross

Receipts

Refunds

(Deduct) Receipts

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Receipts

Refunds

(Deduct) Receipts GrossReceipts

Refunds

(Deduct)

Table 4. Receipts of the U.S. Government, March 2020 and Other Periods

[$ millions]

Individual Income Taxes

 Withheld 1148,378 748,140 704,568

 Presidential Election Campaign Fund 4 11 11

 Other 115,290 174,446 167,767

 Total -- Individual Income Taxes 163,672 65,356 98,316 922,597 153,137 769,460 872,346 148,518 723,828

Corporation Income Taxes 12,166 1,776 10,390 105,924 21,670 84,254 90,589 22,601 67,987

Social Insurance and Retirement Receipts:

 Employment and General Retirement:

 Federal Old-Age and Survivors Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 170,388 ...... 70,388 382,478 ...... 382,478 354,380 ...... 354,380

 Self-Employment Contributions Act Taxes 11,151 ...... 1,151 9,577 ...... 9,577 8,810 ...... 8,810

 Adjustments Attributable to Prior Years-FICA 110 ...... 10 1,516 ...... 1,516 -237 ...... -237

 Adjustments Attrbutable to Prior Years-SECA 1(**) ...... (**) -121 ...... -121 -1,115 ...... -1,115

 Total -- Federal Old-Age and Survivors Insurance Trust Fund 71,548 ...... 71,548 393,450 ...... 393,450 361,838 ...... 361,838

 Federal Disability Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 111,953 ...... 11,953 64,949 ...... 64,949 71,814 ...... 71,814

 Self-Employment Contributions Act Taxes 1195 ...... 195 1,624 ...... 1,624 2,069 ...... 2,069

 Adjustments Attributable to Prior Years-FICA 12 ...... 2 372 ...... 372 -51 ...... -51

 Adjustments Attributable to Prior Years-SECA 1(**) ...... (**) -42 ...... -42 -267 ...... -267

 Total -- Federal Disability Insurance Trust Fund 12,150 ...... 12,150 66,903 ...... 66,903 73,564 ...... 73,564

 Federal Hospital Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 122,219 ...... 22,219 136,790 ...... 136,790 130,738 ...... 130,738

 Self-Employment Contributions Act Taxes 1751 ...... 751 4,490 ...... 4,490 4,355 ...... 4,355

 Adjustments Attributable to Prior Years-FICA 11 ...... 1 267 ...... 267 -188 ...... -188

 Adjustments Attributable to Prior Years-SECA 11 ...... 1 -17 ...... -17 -481 ...... -481

 Total -- Federal Hospital Insurance Trust Fund 22,972 ...... 22,972 141,530 ...... 141,530 134,424 ...... 134,424

 Railroad Retirement:

 Rail Pension and Supplemental Annuity 303 19 283 1,546 65 1,480 1,602 (**) 1,602

 Social Security Equivalent Account 233 21 212 1,435 67 1,369 1,473 (**) 1,473

 Total -- Employment and General Retirement 107,205 40 107,165 604,864 132 604,732 572,901 (**) 572,902

 Unemployment Insurance:

 Deposits by States 274 ...... 274 9,186 ...... 9,186 9,628 ...... 9,628

 Federal Unemployment Taxes 42 20 22 2,000 52 1,948 2,008 87 1,921

 Railroad Unemployment Taxes (**) ...... (**) 61 ...... 61 68 ...... 68

 Total -- Unemployment Insurance 316 20 296 11,247 52 11,195 11,704 87 11,617

 Other Retirement:

 Federal Employees' Retirement--Employee Share 402 ...... 402 2,535 ...... 2,535 2,298 ...... 2,298

 Non-Federal Employees Retirement 3 ...... 3 15 ...... 15 14 ...... 14

 Total -- Other Retirement 405 ...... 405 2,551 ...... 2,551 2,312 ...... 2,312

 Total -- Social Insurance and Retirement Receipts 107,927 61 107,866 618,662 184 618,478 586,916 86 586,830

Excise Taxes:

 Miscellaneous Excise Taxes 2,345 462 1,883 12,564 1,616 10,948 26,493 3,746 22,747

 Airport and Airway Trust Fund 1,291 ...... 1,291 9,016 7 9,009 6,936 8 6,928

 Highway Trust Fund 3,248 31 3,217 20,080 164 19,916 19,756 165 19,591

 Black Lung Disability Trust Fund 23 ...... 23 101 ...... 101 132 ...... 132

 Total -- Excise Taxes 6,907 493 6,415 41,761 1,787 39,974 53,317 3,918 49,399

Estate and Gift Taxes 1,198 -19 1,217 10,115 326 9,789 8,713 423 8,290

Customs Duties 5,403 588 4,815 41,800 2,634 39,165 35,877 1,183 34,694

Miscellaneous Receipts:

 Deposit of Earnings, Federal Reserve System 6,068 ...... 6,068 31,009 ...... 31,009 25,373 ...... 25,373

 Universal Service Fund 648 ...... 648 4,509 ...... 4,509 4,880 ...... 4,880

 All Other 1,051 19 1,032 6,902 23 6,879 6,031 19 6,011

 Total -- Miscellaneous Receipts 7,768 19 7,749 42,419 23 42,396 36,284 19 36,264

Total -- Receipts 305,040 68,274 236,766 1,783,278 179,762 1,603,516 1,684,042 176,749 1,507,293

 Total -- On-Budget 221,342 68,274 153,068 1,322,925 179,762 1,143,164 1,248,641 176,749 1,071,891

 Total -- Off-Budget 83,698 ...... 83,698 460,353 ...... 460,353 435,402 ...... 435,402

1 In accordance with the Social Security Act as amended: Individual Income Taxes, calendar year 2017 and prior.

Withheld have been decreased and Federal Insurance Contribution Act Taxes Note: Details may not add to totals due to rounding.

increased by $12 million to correct estimates for the calendar year 2018. ... No Transactions

Individual Income Taxes, Other have been decreased and Self-Employment (**) Less than absolute value of $500,000

Contribution Act Taxes increased by $387 thousand to correct estimates for

10
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods

[$ millions]

Legislative Branch:

 Senate 83 (**) 83 484 1 483 475 1 474

 House of Representatives 120 (**) 120 757 2 755 694 1 693

 Joint Items 1 ...... 1 8 ...... 8 10 ...... 10

 Capitol Police 38 ...... 38 233 ...... 233 206 ...... 206

 Congressional Budget Office 4 ...... 4 27 ...... 27 25 ...... 25

 Architect of the Capitol 63 (**) 63 375 2 372 300 2 297

 Library of Congress 56 1 55 352 5 348 344 5 339

 Government Printing Office 35 ...... 35 103 ...... 103 28 ...... 28

 Government Accountability Office 47 ...... 47 304 ...... 304 288 ...... 288

 United States Tax Court 4 ...... 4 26 ...... 26 25 ...... 25

 Other Legislative Branch Agencies 8 ...... 8 69 ...... 69 53 ...... 53

 Proprietary Receipts from the Public ...... 2 -2 ...... 28 -28 ...... 10 -10

 Intrabudgetary Transactions -1 ...... -1 -7 ...... -7 -7 ...... -7

 Offsetting Governmental Receipts ...... (**) (**) ...... (**) (**) ...... (**) (**)

 Total--Legislative Branch 458 3 455 2,732 38 2,694 2,442 20 2,422

Judicial Branch:

 Supreme Court of the United States 8 ...... 8 51 ...... 51 48 ...... 48

 Courts of Appeals, District Courts, and Other Judicial

 Services 680 ...... 680 4,501 ...... 4,501 4,295 ...... 4,295

 Other 22 ...... 22 429 ...... 429 392 ...... 392

 Proprietary Receipts from the Public ...... 9 -9 ...... 86 -86 ...... 78 -78

 Intrabudgetary Transactions (**) ...... (**) -707 ...... -707 -717 ...... -717

 Total--Judicial Branch 710 9 701 4,274 86 4,188 4,018 78 3,940

Department of Agriculture:

 Agricultural Research Service 107 ...... 107 688 ...... 688 592 ...... 592

 National Institute of Food and Agriculture:

 Research and Education Activities 51 ...... 51 328 ...... 328 344 ...... 344

 Extension Activities 34 ...... 34 230 ...... 230 253 ...... 253

 Other 10 ...... 10 54 ...... 54 54 ...... 54

 Animal and Plant Health Inspection Service 121 ...... 121 672 ...... 672 582 ...... 582

 Food Safety and Inspection Service 86 ...... 86 517 ...... 517 509 ...... 509

 Agricultural Marketing Service 151 ...... 151 770 ...... 770 794 ...... 794

 Risk Management Agency:

 Administrative and Operating Expenses 5 ...... 5 33 ...... 33 34 ...... 34

 Federal Crop Insurance Corporation Fund 750 245 504 10,224 3,280 6,944 8,561 202 8,359

 Farm Service Agency:

 Salaries and Expenses 135 ...... 135 398 ...... 398 529 ...... 529

 USDA Supplemental Assistance (**) ...... (**) (**) ...... (**) (**) ...... (**)

 Agricultural Disaster Relief Fund (**) ...... (**) (**) ...... (**) (**) ...... (**)

 Commodity Credit Corporation 593 668 -75 22,738 3,216 19,522 21,186 2,816 18,370

 Tobacco Trust Fund ...... ...... ...... ...... ...... ...... (**) ...... (**)

 Agricultural Credit Insurance Fund 25 3 22 341 25 315 165 25 140

 Other 14 ...... 14 77 ...... 77 35 ...... 35

 Total--Farm Service Agency 767 671 96 23,554 3,242 20,312 21,915 2,841 19,074

 Natural Resources Conservation Service:

 Conservation Operations 68 ...... 68 431 ...... 431 369 ...... 369

 Farm Security and Rural Investment Programs 195 ...... 195 2,080 ...... 2,080 2,020 ...... 2,020

 Other 23 ...... 23 120 ...... 120 109 ...... 109

 Rural Development 66 ...... 66 -110 ...... -110 57 ...... 57

 Rural Housing Service:

 Rural Housing Insurance Fund 13 51 -38 473 247 227 272 226 45

 Rental Assistance Program 103 ...... 103 605 ...... 605 595 ...... 595

 Other 17 ...... 17 88 ...... 88 71 ...... 71

 Rural Utilities Service:

 Rural Electrification and Telecommunications Fund 402 19 383 1,227 72 1,155 597 1,176 -579

 Other 39 3 36 309 29 280 294 28 266

 Foreign Agricultural Service 125 ...... 125 1,115 ...... 1,115 985 ...... 985

 Food and Nutrition Service:

 Supplemental Nutrition Assistance Program 5,273 ...... 5,273 31,174 ...... 31,174 32,640 ...... 32,640

 Child Nutrition Programs 2,483 ...... 2,483 13,882 ...... 13,882 13,121 ...... 13,121

 Special Supplemental Nutrition Program for Women,

 Infants, and Children (WIC) 470 ...... 470 2,706 ...... 2,706 2,663 ...... 2,663

 Other 56 ...... 56 315 ...... 315 243 ...... 243

 Total--Food and Nutrition Service 8,281 ...... 8,281 48,076 ...... 48,076 48,666 ...... 48,666

11
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

Department of Agriculture: - Continued

 Forest Service:

 National Forest System 150 ...... 150 922 ...... 922 862 ...... 862

 Capital Improvement and Maintenance 29 ...... 29 230 ...... 230 197 ...... 197

 Wildland Fire Management 136 ...... 136 942 ...... 942 1,181 ...... 1,181

 Forest Service Permanent Appropriations 230 ...... 230 303 ...... 303 95 ...... 95

 Other 67 ...... 67 373 ...... 373 328 ...... 328

 Total--Forest Service 612 ...... 612 2,770 ...... 2,770 2,663 ...... 2,663

 Other 309 2 306 1,698 20 1,679 777 20 757

 Proprietary Receipts from the Public (**) 115 -115 (**) 611 -611 ...... 630 -630

 Intrabudgetary Transactions -1 ...... -1 196 ...... 196 -347 ...... -347

 Total--Department of Agriculture 12,334 1,106 11,228 96,149 7,500 88,649 90,763 5,123 85,639

Department of Commerce:

 Economic Development Administration 29 ...... 29 163 ...... 163 137 ...... 137

 Bureau of the Census 459 ...... 459 2,394 ...... 2,394 1,079 ...... 1,079

 International Trade Administration 45 ...... 45 230 ...... 230 201 ...... 201

 National Oceanic and Atmospheric Administration 585 ...... 585 2,937 1 2,937 2,509 3 2,507

 National Institute of Standards and Technology 92 ...... 92 562 ...... 562 501 ...... 501

 National Telecommunications and Information Administration 5 ...... 5 1,329 (**) 1,329 1,388 1 1,388

 Other -14 6 -20 213 37 176 188 44 144

 Proprietary Receipts from the Public ...... -6 6 ...... -28 28 ...... -23 23

 Intrabudgetary Transactions -1 ...... -1 1 ...... 1 (**) ...... (**)

 Offsetting Governmental Receipts ...... (**) (**) ...... 1 -1 ...... 1 -1

 Total--Department of Commerce 1,200 -1 1,200 7,829 11 7,818 6,003 25 5,978

Department of Defense--Military Programs:

 Military Personnel:

 Department of the Army 2,912 ...... 2,912 31,123 ...... 31,123 31,473 ...... 31,473

 Department of the Navy 2,381 ...... 2,381 26,341 ...... 26,341 25,559 ...... 25,559

 Department of the Air Force 2,135 ...... 2,135 20,575 ...... 20,575 19,382 ...... 19,382

 Defense Agencies ...... ...... ...... 8,505 ...... 8,505 7,909 ...... 7,909

 Total--Military Personnel 7,429 ...... 7,429 86,544 ...... 86,544 84,324 ...... 84,324

 Operation and Maintenance:

 Department of the Army 6,565 ...... 6,565 36,419 ...... 36,419 33,917 ...... 33,917

 Department of the Navy 6,102 ...... 6,102 32,471 ...... 32,471 30,686 ...... 30,686

 Department of the Air Force 5,357 ...... 5,357 29,914 ...... 29,914 29,001 ...... 29,001

 Defense Agencies 6,994 ...... 6,994 37,752 ...... 37,752 36,422 ...... 36,422

 Total--Operation and Maintenance 25,018 ...... 25,018 136,557 ...... 136,557 130,025 ...... 130,025

 International Reconstruction and Other Assistance:

 Department of the Army 2 ...... 2 3 ...... 3 6 ...... 6

 Procurement:

 Department of the Army 1,987 ...... 1,987 11,701 ...... 11,701 9,758 ...... 9,758

 Department of the Navy 5,343 ...... 5,343 26,510 ...... 26,510 23,203 ...... 23,203

 Department of the Air Force 6,157 ...... 6,157 27,596 ...... 27,596 23,254 ...... 23,254

 Defense Agencies 698 ...... 698 4,437 ...... 4,437 3,673 ...... 3,673

 Total--Procurement 14,186 ...... 14,186 70,243 ...... 70,243 59,888 ...... 59,888

 Research, Development, Test, and Evaluation:

 Department of the Army 803 ...... 803 5,940 ...... 5,940 4,347 ...... 4,347

 Department of the Navy 1,744 ...... 1,744 8,660 ...... 8,660 8,989 ...... 8,989

 Department of the Air Force 5,797 ...... 5,797 22,164 ...... 22,164 19,796 ...... 19,796

 Defense Agencies 2,445 ...... 2,445 11,457 ...... 11,457 10,854 ...... 10,854

 Total--Research, Development, Test, and Evaluation 10,789 ...... 10,789 48,222 ...... 48,222 43,987 ...... 43,987

 Military Construction:

 Department of the Army 186 ...... 186 1,073 ...... 1,073 1,219 ...... 1,219

 Department of the Navy 182 ...... 182 805 ...... 805 730 ...... 730

 Department of the Air Force 204 ...... 204 807 ...... 807 595 ...... 595

 Defense Agencies 292 ...... 292 1,423 ...... 1,423 1,281 ...... 1,281

 Total--Military Construction 864 ...... 864 4,108 ...... 4,108 3,825 ...... 3,825

 Family Housing:

 Department of the Army 41 ...... 41 208 ...... 208 198 ...... 198

 Department of the Navy 24 ...... 24 127 ...... 127 121 ...... 121

 Department of the Air Force 20 ...... 20 156 ...... 156 150 ...... 150

 Defense Agencies 3 ...... 3 22 (**) 22 38 ...... 38

 Revolving and Management Funds:

12
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

Department of Defense--Military Programs: - Continued

 Department of the Navy 1 ...... 1 55 ...... 55 41 ...... 41

 Defense Agencies:

 Working Capital Fund -305 ...... -305 2,471 ...... 2,471 3,379 ...... 3,379

 Other -13 ...... -13 95 ...... 95 144 ...... 144

 Allowances -24 ...... -24 -30 ...... -30 17 ...... 17

 Trust Funds:

 Department of the Army 1 ...... 1 7 ...... 7 6 ...... 6

 Department of the Navy 2 ...... 2 13 ...... 13 17 ...... 17

 Department of the Air Force (**) ...... (**) 2 ...... 2 1 ...... 1

 Defense Agencies 26 ...... 26 157 ...... 157 141 ...... 141

 Proprietary Receipts from the Public:

 Department of the Army ...... 156 -156 ...... 35 -35 ...... -122 122

 Department of the Navy ...... 16 -16 ...... 36 -36 ...... 46 -46

 Department of the Air Force ...... 34 -34 ...... 45 -45 ...... 33 -33

 Defense Agencies ...... 30 -30 ...... 177 -177 ...... 673 -673

 Intrabudgetary Transactions:

 Department of the Army -17 ...... -17 -28 ...... -28 -14 ...... -14

 Department of the Navy 4 ...... 4 -9 ...... -9 -33 ...... -33

 Department of the Air Force 26 ...... 26 114 ...... 114 -1 ...... -1

 Defense Agencies 14 ...... 14 -63 ...... -63 -106 ...... -106

 Offsetting Governmental Receipts:

 Department of the Army ...... (**) (**) ...... 4 -4 ...... (**) (**)

 Defense Agencies ...... ...... ...... ...... 500 -500 ...... ...... ......

 Total--Department of Defense--Military Programs 58,091 236 57,855 348,974 796 348,178 326,155 630 325,525

Department of Education:

 Office of Elementary and Secondary Education:

 Accelerating Achievement and Ensuring Equity 1,628 ...... 1,628 8,421 ...... 8,421 8,173 ...... 8,173

 Impact Aid 57 ...... 57 1,128 ...... 1,128 1,140 ...... 1,140

 Education Improvement Programs 420 ...... 420 2,545 ...... 2,545 2,280 ...... 2,280

 Other 25 ...... 25 162 ...... 162 144 ...... 144

 Total--Office of Elementary and Secondary Education 2,130 ...... 2,130 12,256 ...... 12,256 11,737 ...... 11,737

 Office of Innovation and Improvement 91 ...... 91 402 ...... 402 550 ...... 550

 Office of English Language Acquisition 45 ...... 45 374 ...... 374 425 ...... 425

 Office of Special Education and Rehabilitative Services:

 Special Education 1,138 ...... 1,138 6,656 ...... 6,656 6,421 ...... 6,421

 Rehabilitation Services and Disability Research 274 ...... 274 1,727 ...... 1,727 1,629 ...... 1,629

 Special Institutions for Persons with Disabilities 18 ...... 18 129 ...... 129 121 ...... 121

 Office of Vocational and Adult Education 157 ...... 157 862 ...... 862 813 ...... 813

 Office of Postsecondary Education:

 Higher Education 187 ...... 187 1,187 ...... 1,187 1,167 ...... 1,167

 Other 73 (**) 73 193 1 192 118 2 116

 Total--Office of Postsecondary Education 260 (**) 260 1,380 1 1,379 1,285 2 1,283

 Office of Federal Student Aid:

 Student Financial Assistance 2,030 ...... 2,030 16,619 ...... 16,619 16,941 ...... 16,941

 Student Aid Administration 240 ...... 240 877 ...... 877 805 ...... 805

 Federal Direct Student Loans ...... ...... ...... 5,245 ...... 5,245 3,563 ...... 3,563

 Federal Family Education Loans -34 ...... -34 -139 ...... -139 -95 ...... -95

 Other (**) 1 -1 16 3 12 14 4 10

 Total--Office of Federal Student Aid 2,236 1 2,235 22,618 3 22,615 21,228 4 21,224

 Institute of Education Sciences 48 ...... 48 283 ...... 283 333 ...... 333

 Departmental Management 51 ...... 51 288 ...... 288 288 ...... 288

 Other 11 ...... 11 134 ...... 134 263 ...... 263

 Proprietary Receipts from the Public ...... 99 -99 ...... 4,013 -4,013 ...... 4,482 -4,482

 Intrabudgetary Transactions 8 ...... 8 60 ...... 60 79 ...... 79

 Total--Department of Education 6,466 100 6,366 47,169 4,017 43,152 45,173 4,488 40,685

Department of Energy:

 National Nuclear Security Administration:

 Naval Reactors 139 ...... 139 689 ...... 689 673 ...... 673

 Weapons Activities 996 ...... 996 5,633 ...... 5,633 5,028 ...... 5,028

 Defense Nuclear Nonproliferation 167 ...... 167 1,038 ...... 1,038 864 ...... 864

 Other 30 ...... 30 210 ...... 210 213 ...... 213

 Environmental and Other Defense Activities:

13
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

Department of Energy: - Continued

 Defense Environmental Cleanup 743 ...... 743 3,195 ...... 3,195 2,831 ...... 2,831

 Other Defense Activities 67 ...... 67 466 ...... 466 378 ...... 378

 Defense Nuclear Waste Disposal (**) ...... (**) 1 ...... 1 1 ...... 1

 Energy Programs:

 Science 447 ...... 447 3,081 ...... 3,081 2,836 ...... 2,836

 Energy Supply 145 ...... 145 924 ...... 924 794 ...... 794

 Energy Efficiency and Renewable Energy 183 ...... 183 1,021 ...... 1,021 878 ...... 878

 Fossil Energy Research and Development 51 ...... 51 324 ...... 324 304 ...... 304

 Uranium Enrichment Decontamination and Decommissioning

 Fund 78 ...... 78 408 ...... 408 370 ...... 370

 Advanced Technology Vehicles Manufacturing Loan Program (**) ...... (**) 1 ...... 1 1 ...... 1

 Title 17 Innovative Technology Loan Guarantee Program 50 ...... 50 60 ...... 60 -9 ...... -9

 Other 84 22 62 595 61 534 560 62 498

 Total--Energy Programs 1,039 22 1,017 6,414 61 6,353 5,734 62 5,672

 Power Marketing Administration 235 356 -121 2,070 1,987 83 1,974 2,042 -68

 Departmental Administration -2 ...... -2 117 ...... 117 126 ...... 126

 Proprietary Receipts from the Public ...... 22 -22 ...... 972 -972 ...... 1,339 -1,339

 Intrabudgetary Transactions -140 ...... -140 -785 ...... -785 -744 ...... -744

 Total--Department of Energy 3,276 400 2,876 19,048 3,020 16,027 17,077 3,443 13,634

Department of Health and Human Services:

 Food and Drug Administration 391 (**) 390 1,591 5 1,586 1,381 4 1,377

 Health Resources and Services Administration 1,090 ...... 1,090 5,910 ...... 5,910 5,772 ...... 5,772

 Indian Health Service 443 ...... 443 4,334 ...... 4,334 2,407 ...... 2,407

 Centers for Disease Control and Prevention 758 ...... 758 3,997 ...... 3,997 3,708 ...... 3,708

 National Institutes of Health 3,240 ...... 3,240 18,522 ...... 18,522 17,424 ...... 17,424

 Substance Abuse and Mental Health Services Administration 419 ...... 419 2,565 ...... 2,565 1,855 ...... 1,855

 Agency for Healthcare Research and Quality 30 ...... 30 171 ...... 171 158 ...... 158

 Centers for Medicare and Medicaid Services:

 Grants to States for Medicaid 34,664 ...... 34,664 207,610 ...... 207,610 197,951 ...... 197,951

 Payments to Health Care Trust Funds 28,662 ...... 28,662 181,606 ...... 181,606 168,504 ...... 168,504

 Children's Health Insurance Fund 1,581 ...... 1,581 8,211 ...... 8,211 8,758 ...... 8,758

 State Grants and Demonstrations 19 ...... 19 156 ...... 156 179 ...... 179

 Federal Hospital Insurance Trust Fund:

 Benefit Payments 19,456 ...... 19,456 165,763 ...... 165,763 155,940 ...... 155,940

 Administrative Expenses 215 ...... 215 1,732 ...... 1,732 2,099 ...... 2,099

 Total--Federal Hospital Insurance Trust Fund 19,671 ...... 19,671 167,495 ...... 167,495 158,040 ...... 158,040

 Health Care Fraud and Abuse Control 129 ...... 129 880 ...... 880 877 ...... 877

 Federal Supplementary Medical Insurance Trust Fund:

 Benefit Payments 18,636 ...... 18,636 185,208 ...... 185,208 171,857 ...... 171,857

 Administrative Expenses 454 ...... 454 2,344 ...... 2,344 1,978 ...... 1,978

 Medicare Prescription Drugs:

 Benefit Payments 96 ...... 96 42,356 ...... 42,356 40,403 ...... 40,403

 Total--Federal Supplementary Medical Insurance Trust

 Fund 19,186 ...... 19,186 229,907 ...... 229,907 214,238 ...... 214,238

 Other 65 ...... 65 3,745 ...... 3,745 4,978 ...... 4,978

 Total--Centers for Medicare and Medicaid Services 103,978 ...... 103,978 799,610 ...... 799,610 753,526 ...... 753,526

 Administration for Children and Families:

 Temporary Assistance for Needy Families 1,612 ...... 1,612 8,775 ...... 8,775 7,928 ...... 7,928

 Contingency Fund 81 ...... 81 217 ...... 217 124 ...... 124

 Payments to States for Child Support Enforcement and

 Family Support Programs 342 ...... 342 1,871 ...... 1,871 1,801 ...... 1,801

 Low Income Home Energy Assistance 376 ...... 376 2,310 ...... 2,310 2,325 ...... 2,325

 Refugee and Entrant Assistance 7 ...... 7 900 ...... 900 1,238 ...... 1,238

 Child Care Entitlement to States 359 ...... 359 1,510 ...... 1,510 1,459 ...... 1,459

 Payments to States for the Child Care and Development

 Block Grant 362 ...... 362 2,535 ...... 2,535 1,760 ...... 1,760

 Social Services Block Grant 213 ...... 213 759 ...... 759 823 ...... 823

 Children and Families Services Programs 1,118 ...... 1,118 6,346 ...... 6,346 5,858 ...... 5,858

 Payments to States for Foster Care and Adoption

 Assistance 741 ...... 741 4,259 ...... 4,259 4,035 ...... 4,035

 Other 44 ...... 44 284 ...... 284 231 ...... 231

 Total--Administration for Children and Families 5,255 ...... 5,255 29,768 ...... 29,768 27,582 ...... 27,582

14
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

Department of Health and Human Services: - Continued

 Administration for Community Living 215 ...... 215 1,113 ...... 1,113 1,006 ...... 1,006

 Departmental Management 390 ...... 390 2,005 ...... 2,005 1,621 ...... 1,621

 Other 60 ...... 60 602 ...... 602 247 ...... 247

 Proprietary Receipts from the Public ...... 14,010 -14,010 ...... 68,810 -68,810 ...... 63,957 -63,957

 Intrabudgetary Transactions:

 Payments for Health Insurance for the Aged:

 Federal Supplementary Medical Insurance Trust Fund -28,395 ...... -28,395 -175,320 ...... -175,320 -162,882 ...... -162,882

 Payments for Tax and Other Credits:

 Federal Hospital Insurance Trust Fund -264 ...... -264 -6,291 ...... -6,291 -5,650 ...... -5,650

 Other -72 ...... -72 -496 ...... -496 -703 ...... -703

 Total--Department of Health and Human Services 87,538 14,010 73,527 688,079 68,815 619,263 647,452 63,961 583,491

Department of Homeland Security:

 Departmental Management and Operations 129 ...... 129 812 ...... 812 611 ...... 611

 Citizenship and Immigration Services 382 ...... 382 2,171 ...... 2,171 1,989 ...... 1,989

 United States Secret Service 165 ...... 165 1,215 ...... 1,215 1,088 ...... 1,088

 Transportation Security Administration 580 ...... 580 3,535 ...... 3,535 3,498 ...... 3,498

 Immigration and Customs Enforcement 709 ...... 709 4,099 ...... 4,099 3,636 ...... 3,636

 U.S. Customs and Border Protection 1,444 3 1,442 8,376 15 8,361 7,384 14 7,370

 United States Coast Guard 600 ...... 600 5,606 ...... 5,606 5,681 ...... 5,681

 National Protection and Programs Directorate 139 ...... 139 905 ...... 905 994 ...... 994

 Federal Emergency Management Agency:

 State and Local Programs 2 ...... 2 148 ...... 148 340 ...... 340

 Firefighter Assistance Grants 6 ...... 6 73 ...... 73 181 ...... 181

 Disaster Relief 1,215 ...... 1,215 6,701 ...... 6,701 8,077 ...... 8,077

 National Flood Insurance Fund 278 192 86 1,202 748 454 1,611 615 996

 Other 101 ...... 101 624 ...... 624 666 ...... 666

 Total--Federal Emergency Management Agency 1,602 192 1,410 8,747 748 7,999 10,874 615 10,259

 Science and Technology 83 ...... 83 400 ...... 400 460 ...... 460

 Domestic Nuclear Detection Office 23 ...... 23 140 ...... 140 122 ...... 122

 Other 46 ...... 46 260 ...... 260 238 ...... 238

 Proprietary Receipts from the Public ...... 48 -48 ...... 453 -453 ...... 453 -453

 Intrabudgetary Transactions 13 ...... 13 149 ...... 149 -28 ...... -28

 Offsetting Governmental Receipts ...... 896 -896 ...... 6,173 -6,173 ...... 5,840 -5,840

 Total--Department of Homeland Security 5,915 1,139 4,776 36,414 7,389 29,025 36,547 6,921 29,625

Department of Housing and Urban Development:

 Public and Indian Housing Programs:

 Tenant Based Rental Assistance 2,060 ...... 2,060 11,523 ...... 11,523 10,961 ...... 10,961

 Housing Certificate Fund 10 ...... 10 94 ...... 94 107 ...... 107

 Public Housing Capital Fund 184 ...... 184 1,179 ...... 1,179 1,038 ...... 1,038

 Public Housing Operating Fund 191 ...... 191 2,227 ...... 2,227 2,137 ...... 2,137

 Revitalization of Severely Distressed Public Housing

 (Hope VI) (**) ...... (**) 3 ...... 3 7 ...... 7

 Native American Housing Block Grant 84 ...... 84 288 ...... 288 264 ...... 264

 Other 21 ...... 21 95 ...... 95 77 ...... 77

 Total--Public and Indian Housing Programs 2,550 ...... 2,550 15,408 ...... 15,408 14,592 ...... 14,592

 Community Planning and Development:

 Housing Opportunities for Persons with AIDS 23 ...... 23 142 ...... 142 159 ...... 159

 Community Development Fund 446 ...... 446 2,531 ...... 2,531 2,721 ...... 2,721

 Home Investment Partnership Program 68 ...... 68 421 ...... 421 420 ...... 420

 Neighborhood Stabilization Program 1 ...... 1 10 ...... 10 10 ...... 10

 Homeless Assistance Grants 186 ...... 186 1,118 ...... 1,118 1,086 ...... 1,086

 Other 15 ...... 15 119 ...... 119 58 ...... 58

 Total--Community Planning and Development 739 ...... 739 4,342 ...... 4,342 4,454 ...... 4,454

 Housing Programs:

 Credit Accounts:

 FHA-Mutual Mortgage Insurance Fund, Program Account 12 ...... 12 56 ...... 56 52 ...... 52

 FHA-Mutual Mortgage Insurance Capital Reserve Account -113 ...... -113 -3,183 ...... -3,183 -3,433 ...... -3,433

 FHA-Mutual Mortgage and Cooperative Housing Insurance

 Fund, Liquidating Account 2 2 1 8 6 2 10 8 2

 FHA-General and Special Risk Fund, Liquidating Account 16 29 -13 64 99 -35 64 104 -40

 Housing for the Elderly or Handicapped Fund,

 Liquidating Account -10 4 -14 -61 29 -90 -67 27 -94

15
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

Department of Housing and Urban Development: - Continued

 HUD Project-Based Rental Assistance 1,074 ...... 1,074 6,281 ...... 6,281 5,970 ...... 5,970

 Housing for the Elderly 57 ...... 57 366 ...... 366 359 ...... 359

 Housing for Persons with Disabilities 16 ...... 16 96 ...... 96 90 ...... 90

 Other Assisted Housing Programs 1 ...... 1 31 ...... 31 45 ...... 45

 Other 9 3 6 31 22 9 21 16 6

 Total--Housing Programs 1,065 38 1,027 3,690 156 3,534 3,113 154 2,959

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities 1 (**) 1 -89 1 -90 -135 2 -136

 Management and Administration 151 ...... 151 910 ...... 910 818 ...... 818

 Other 21 ...... 21 93 ...... 93 106 ...... 106

 Proprietary Receipts from the Public:

 FHA-General and Special Risk Fund ...... 35 -35 ...... 295 -295 ...... 265 -265

 Other ...... (**) (**) ...... 330 -330 ...... 12 -12

 Intrabudgetary Transactions -1 ...... -1 -3 ...... -3 -4 ...... -4

 Offsetting Governmental Receipts ...... 1 -1 ...... 8 -8 ...... 7 -7

 Total--Department of Housing and Urban Development 4,527 75 4,452 24,352 789 23,562 22,944 440 22,504

Department of the Interior:

 Land and Minerals Management:

 Bureau of Land Management:

 Management of Lands and Resources 97 ...... 97 557 ...... 557 518 ...... 518

 Other 22 4 18 201 28 173 145 26 119

 Bureau of Ocean Energy Management 11 ...... 11 62 ...... 62 60 ...... 60

 Office of Surface Mining Reclamation and Enforcement 81 ...... 81 541 ...... 541 463 ...... 463

 Total--Land and Minerals Management 211 4 206 1,361 28 1,333 1,186 26 1,160

 Water and Science:

 Bureau of Reclamation:

 Water and Related Resources 67 ...... 67 536 ...... 536 490 ...... 490

 Other 49 16 33 339 119 220 384 188 196

 Central Utah Project 14 ...... 14 19 ...... 19 14 ...... 14

 United States Geological Survey 106 ...... 106 609 ...... 609 576 ...... 576

 Total--Water and Science 235 16 219 1,504 119 1,385 1,464 188 1,276

 Fish and Wildlife and Parks:

 United States Fish and Wildlife Service 232 ...... 232 1,508 ...... 1,508 1,378 ...... 1,378

 National Park Service 307 ...... 307 1,701 ...... 1,701 1,504 ...... 1,504

 Total--Fish and Wildlife and Parks 540 ...... 540 3,209 ...... 3,209 2,883 ...... 2,883

 Indian Affairs:

 Bureau of Indian Affairs and Bureau of Indian Education 431 (**) 431 1,529 (**) 1,529 1,221 (**) 1,220

 Total--Indian Affairs 431 (**) 431 1,529 (**) 1,529 1,221 (**) 1,220

 Departmental Offices:

 Mineral Leasing and Associated Payments 136 ...... 136 911 ...... 911 1,337 ...... 1,337

 Other 366 ...... 366 478 ...... 478 135 ...... 135

 Insular Affairs 18 ...... 18 200 ...... 200 173 ...... 173

 Office of the Special Trustee for American Indians 8 ...... 8 55 ...... 55 59 ...... 59

 Department-Wide Programs 48 ...... 48 525 ...... 525 661 ...... 661

 Total--Departmental Offices 577 ...... 577 2,170 ...... 2,170 2,364 ...... 2,364

 Other 80 ...... 80 421 (**) 420 287 ...... 287

 Proprietary Receipts from the Public ...... 399 -399 ...... 2,504 1-2,504 ...... 3,335 -3,335

 Intrabudgetary Transactions -21 ...... -21 -181 ...... -181 696 ...... 696

 Total--Department of the Interior 2,052 419 1,632 10,013 2,651 7,362 10,100 3,549 6,551

Department of Justice:

 General Administration -108 ...... -108 728 ...... 728 641 ...... 641

 Legal Activities and U.S. Marshals:

 General Legal Activities 249 ...... 249 1,098 ...... 1,098 2,143 ...... 2,143

 United States Attorneys 234 ...... 234 1,002 ...... 1,002 889 ...... 889

 United States Marshals Service 138 ...... 138 724 ...... 724 657 ...... 657

 Assets Forfeiture Fund 161 ...... 161 759 ...... 759 1,106 ...... 1,106

 Other 233 ...... 233 1,222 ...... 1,222 1,060 ...... 1,060

 Federal Bureau of Investigation 902 ...... 902 4,871 ...... 4,871 4,692 ...... 4,692

 Drug Enforcement Administration 295 ...... 295 1,390 ...... 1,390 1,211 ...... 1,211

 Bureau of Alcohol, Tobacco, Firearms, and Explosives 114 ...... 114 657 ...... 657 634 ...... 634

 Federal Prison System 609 28 581 3,955 169 3,786 3,657 177 3,480

 Office of Justice Programs:

16
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

Department of Justice: - Continued

 State and Local Law Enforcement Assistance 74 ...... 74 959 ...... 959 680 ...... 680

 Community Oriented Policing Services 10 ...... 10 75 ...... 75 81 ...... 81

 Crime Victims Fund 217 ...... 217 1,355 ...... 1,355 1,121 ...... 1,121

 Other 80 ...... 80 354 ...... 354 451 ...... 451

 Other 52 ...... 52 446 ...... 446 324 ...... 324

 Proprietary Receipts from the Public ...... 10 -10 ...... 184 -184 ...... 1,334 -1,334

 Intrabudgetary Transactions 362 ...... 362 -2,371 ...... -2,371 -361 ...... -361

 Offsetting Governmental Receipts ...... 49 -49 ...... 364 -364 ...... 345 -345

 Total--Department of Justice 3,621 87 3,534 17,224 717 16,507 18,985 1,856 17,129

Department of Labor:

 Employment and Training Administration:

 Training and Employment Services 297 ...... 297 1,685 ...... 1,685 1,606 ...... 1,606

 Office of Job Corps 135 ...... 135 799 ...... 799 749 ...... 749

 Community Service Employment for Older Americans 33 ...... 33 196 ...... 196 193 ...... 193

 Federal Unemployment Benefits and Allowances 25 ...... 25 162 ...... 162 177 ...... 177

 Federal Additional Unemployment Compensation

 Program-Recovery Act (**) ...... (**) -1 ...... -1 -1 ...... -1

 State Unemployment Insurance and Employment Service

 Operations 6 ...... 6 -60 ...... -60 -264 ...... -264

 Payments to the Unemployment Trust Fund 1,000 ...... 1,000 1,001 ...... 1,001 2 ...... 2

 Program Administration 11 ...... 11 55 ...... 55 54 ...... 54

 Unemployment Trust Fund:

 Federal-State Unemployment Insurance:

 State Unemployment Benefits 4,165 ...... 4,165 16,300 ...... 16,300 14,533 ...... 14,533

 State Administrative Expenses 320 ...... 320 1,821 ...... 1,821 1,983 ...... 1,983

 Federal Administrative Expenses 174 ...... 174 338 ...... 338 319 ...... 319

 Other (**) ...... (**) 2 ...... 2 3 ...... 3

 Total--Unemployment Trust Fund 4,659 ...... 4,659 18,461 ...... 18,461 16,838 ...... 16,838

 Other ...... ...... ...... ...... ...... ...... 18 ...... 18

 Total--Employment and Training Administration 6,166 ...... 6,166 22,298 ...... 22,298 19,371 ...... 19,371

 Pension Benefit Guaranty Corporation 536 491 44 3,259 6,636 -3,377 3,220 7,358 -4,138

 Office of Workers' Compensation Programs:

 Special Benefits 169 ...... 169 -1,127 ...... -1,127 -260 ...... -260

 Energy Employees Occupational Illness Compensation Fund 167 ...... 167 837 ...... 837 678 ...... 678

 Special Benefits for Disabled Coal Miners 5 ...... 5 32 ...... 32 36 ...... 36

 Black Lung Disability Trust Fund 24 ...... 24 106 ...... 106 108 ...... 108

 Other 32 ...... 32 180 ...... 180 179 ...... 179

 Wage and Hour Division 28 ...... 28 133 ...... 133 128 ...... 128

 Occupational Safety and Health Administration 51 ...... 51 274 ...... 274 274 ...... 274

 Mine Safety and Health Administration 37 ...... 37 181 ...... 181 177 ...... 177

 Bureau of Labor Statistics 58 ...... 58 279 ...... 279 271 ...... 271

 Departmental Management -155 ...... -155 193 ...... 193 190 ...... 190

 Other 33 ...... 33 169 ...... 169 157 ...... 157

 Proprietary Receipts from the Public ...... 1 -1 ...... 4 -4 ...... 3 -3

 Intrabudgetary Transactions -1,010 ...... -1,010 -1,153 ...... -1,153 -180 ...... -180

 Total--Department of Labor 6,142 493 5,649 25,662 6,640 19,022 24,349 7,361 16,988

Department of State:

 Administration of Foreign Affairs:

 Diplomatic and Consular Programs 483 ...... 483 3,931 ...... 3,931 4,837 ...... 4,837

 Educational and Cultural Exchange Programs 61 ...... 61 367 ...... 367 315 ...... 315

 Embassy Security, Construction, and Maintenance 95 ...... 95 1,127 ...... 1,127 357 ...... 357

 Payment to Foreign Service Retirement and Disability

 Fund ...... ...... ...... 288 ...... 288 159 ...... 159

 Foreign Service Retirement and Disability Fund 84 ...... 84 500 ...... 500 489 ...... 489

 Other 433 ...... 433 2,464 ...... 2,464 1,278 ...... 1,278

 Total--Administration of Foreign Affairs 1,156 ...... 1,156 8,678 ...... 8,678 7,435 ...... 7,435

 International Organizations and Conferences 41 ...... 41 1,914 ...... 1,914 2,106 ...... 2,106

 Global Health and Child Survival 1,302 ...... 1,302 5,058 ...... 5,058 4,449 ...... 4,449

 Migration and Refugee Assistance 388 ...... 388 1,272 ...... 1,272 1,312 ...... 1,312

 International Narcotics Control and Law Enforcement 84 ...... 84 496 ...... 496 515 ...... 515

 Andean Counterdrug Programs (**) ...... (**) (**) ...... (**) (**) ...... (**)

 Other 57 ...... 57 269 ...... 269 247 ...... 247

 Proprietary Receipts from the Public ...... 230 -230 ...... 1,610 -1,610 ...... 1,774 -1,774

 Intrabudgetary Transactions -38 ...... -38 -332 ...... -332 -176 ...... -176

 Total--Department of State 2,990 230 2,760 17,355 1,610 15,745 15,888 1,774 14,114

17
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

Department of Transportation:

 Office of the Secretary 38 ...... 38 310 ...... 310 353 ...... 353

 Federal Aviation Administration:

 Operations 297 ...... 297 -161 ...... -161 728 ...... 728

 Airport and Airway Trust Fund:

 Grants-In-Aid for Airports 253 ...... 253 1,418 ...... 1,418 1,199 ...... 1,199

 Facilities and Equipment 238 ...... 238 1,355 ...... 1,355 1,285 ...... 1,285

 Research, Engineering, and Development 9 ...... 9 69 ...... 69 78 ...... 78

 Trust Fund Share of FAA Operations 600 ...... 600 5,439 ...... 5,439 4,150 ...... 4,150

 Total--Airport and Airway Trust Fund 1,100 ...... 1,100 8,282 ...... 8,282 6,712 ...... 6,712

 Other -71 10 -81 369 31 338 529 18 511

 Total--Federal Aviation Administration 1,326 10 1,316 8,489 31 8,459 7,969 18 7,951

 Federal Highway Administration:

 Highway Trust Fund:

 Federal-Aid Highways 3,344 ...... 3,344 20,446 ...... 20,446 18,655 ...... 18,655

 Other 1 ...... 1 3 ...... 3 4 ...... 4

 Other Programs 134 ...... 134 866 ...... 866 534 ...... 534

 Total--Federal Highway Administration 3,479 ...... 3,479 21,315 ...... 21,315 19,194 ...... 19,194

 Federal Motor Carrier Safety Administration 65 ...... 65 309 ...... 309 274 ...... 274

 National Highway Traffic Safety Administration 64 ...... 64 517 ...... 517 512 ...... 512

 Federal Railroad Administration:

 Capital and Debt Service Grants to the National Railroad

 Passenger Corporation (**) ...... (**) 1 ...... 1 1 ...... 1

 Other -6 -47 41 1,613 -47 1,660 876 ...... 876

 Total--Federal Railroad Administration -6 -47 41 1,614 -47 1,661 877 ...... 877

 Federal Transit Administration:

 Formula Grants (**) ...... (**) 2 ...... 2 7 ...... 7

 Capital Investment Grants 287 ...... 287 967 ...... 967 707 ...... 707

 Transit Formula Grants 726 ...... 726 4,637 ...... 4,637 4,345 ...... 4,345

 Other 133 ...... 133 743 ...... 743 493 ...... 493

 Total--Federal Transit Administration 1,147 ...... 1,147 6,350 ...... 6,350 5,551 ...... 5,551

 Maritime Administration 83 ...... 83 90 (**) 90 98 2 96

 Other 43 (**) 43 279 18 261 223 16 207

 Proprietary Receipts from the Public ...... 4 -4 ...... 55 -55 ...... 48 -48

 Intrabudgetary Transactions:

 Other (**) ...... (**) (**) ...... (**) -1 ...... -1

 Offsetting Governmental Receipts ...... 1 -1 ...... 1 -1 ...... 4 -4

 Total--Department of Transportation 6,238 -33 6,271 39,274 57 39,216 35,051 87 34,964

Department of the Treasury:

 Departmental Offices:

 Exchange Stabilization Fund 11 11 1 39 174 -135 35 277 -242

 Housing and Economic Recovery Programs (**) ...... (**) (**) ...... (**) (**) ...... (**)

 Troubled Asset Relief Program 75 ...... 75 443 ...... 443 709 ...... 709

 Other 156 ...... 156 764 ...... 764 755 ...... 755

 Bureau of the Fiscal Service:

 Payment to the Resolution Funding Corporation ...... ...... ...... 1,314 ...... 1,314 1,314 ...... 1,314

 Financial Agent Services 68 ...... 68 401 ...... 401 391 ...... 391

 Claims, Judgements, and Relief Acts 431 ...... 431 1,065 ...... 1,065 865 ...... 865

 Other 314 (**) 314 1,561 (**) 1,561 715 (**) 714

 Total--Bureau of the Fiscal Service 813 (**) 813 4,341 (**) 4,340 3,285 (**) 3,284

 Federal Financing Bank -324 ...... -324 -837 ...... -837 -782 ...... -782

 Alcohol and Tobacco Tax and Trade Bureau:

 Salaries and Expenses 10 ...... 10 60 ...... 60 56 ...... 56

 Internal Revenue Collections for Puerto Rico 39 ...... 39 228 ...... 228 216 ...... 216

 Bureau of Engraving and Printing -4 ...... -4 26 ...... 26 -21 ...... -21

 United States Mint 230 618 -388 1,053 1,345 -292 834 985 -151

 Internal Revenue Service:

 Taxpayer Services 192 ...... 192 1,271 ...... 1,271 1,253 ...... 1,253

 Enforcement 379 ...... 379 2,377 ...... 2,377 2,217 ...... 2,217

 Operations Support 382 ...... 382 2,292 ...... 2,292 2,195 ...... 2,195

 Build America Bond Payments, Recovery Act 167 ...... 167 1,379 ...... 1,379 1,551 ...... 1,551

 Refundable Premium Tax Credits and Cost Sharing

 Reductions 4,462 ...... 4,462 25,269 ...... 25,269 24,958 ...... 24,958

18
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

Department of the Treasury: - Continued

 Payment Where Earned Income Credit Exceeds Liability for

 Tax 10,499 ...... 10,499 47,271 ...... 47,271 49,022 ...... 49,022

 Payment Where Child Tax Credit Exceeds Liability for Tax 4,904 ...... 4,904 23,321 ...... 23,321 24,138 ...... 24,138

 Payment Where American Opportunity Tax Credit Exceeds

 Liability for Tax 633 ...... 633 1,965 ...... 1,965 2,070 ...... 2,070

 Refunding Internal Revenue Collections, Interest 119 ...... 119 1,283 ...... 1,283 858 ...... 858

 Other 533 (**) 533 7,398 (**) 7,398 1,853 (**) 1,853

 Total--Internal Revenue Service 22,269 (**) 22,269 113,825 (**) 113,825 110,114 (**) 110,114

 Comptroller of the Currency 79 523 -444 551 545 6 551 588 -37

 Interest on the Public Debt:

 Interest on Treasury Debt Securities (Gross):

 Public Issues (Accrual Basis) 36,545 ...... 36,545 194,486 ...... 194,486 180,204 ...... 180,204

 Special Issues (Cash Basis) 3,926 ...... 3,926 74,966 ...... 74,966 79,483 ...... 79,483

 Total--Interest on Treasury Debt Securities (Gross) 40,471 ...... 40,471 269,452 ...... 269,452 259,687 ...... 259,687

 Total--Interest on the Public Debt 40,471 ...... 40,471 269,452 ...... 269,452 259,687 ...... 259,687

 Other 10 ...... 10 62 ...... 62 57 ...... 57

 Proprietary Receipts from the Public ...... -730 730 ...... 3,197 -3,197 ...... 14,094 -14,094

 Intrabudgetary Transactions -317 ...... -317 -1,120 ...... -1,120 -1,227 ...... -1,227

 Total--Department of the Treasury 63,519 422 63,096 388,887 5,262 383,625 374,269 15,944 358,325

Department of Veterans Affairs:

 Joint DOD-VA Medical Facility Demonstration Fund 37 ...... 37 223 ...... 223 217 ...... 217

 Veterans Health Administration:

 Veterans Choice Fund, Veterans Health Administration 16 ...... 16 114 ...... 114 2,194 ...... 2,194

 Medical Services 6,311 ...... 6,311 35,854 ...... 35,854 30,913 ...... 30,913

 Medical Support and Compliance 585 ...... 585 3,718 ...... 3,718 3,326 ...... 3,326

 Medical Facilities 553 ...... 553 3,158 ...... 3,158 2,938 ...... 2,938

 Other 108 37 70 671 236 435 619 239 380

 Benefits Programs:

 Public Enterprise Funds:

 Housing Accounts (**) 1 -1 1 5 -4 (**) 6 -5

 Other 82 80 2 412 866 -454 455 460 -5

 Compensation and Pensions 1,006 ...... 1,006 53,655 ...... 53,655 48,758 ...... 48,758

 Readjustment Benefits 593 ...... 593 7,271 ...... 7,271 7,420 ...... 7,420

 Veterans Housing Benefit Program Fund 65 ...... 65 70 ...... 70 130 ...... 130

 Insurance Funds:

 National Service Life 61 ...... 61 324 ...... 324 353 ...... 353

 Veterans Special Life 17 1 16 103 33 71 92 37 55

 Other 11 ...... 11 55 ...... 55 51 ...... 51

 Total--Benefits Programs 1,835 82 1,753 61,890 903 60,988 57,260 503 56,757

 Departmental Administration:

 Construction 85 ...... 85 461 ...... 461 636 ...... 636

 Information Technology Systems 339 ...... 339 2,179 ...... 2,179 2,104 ...... 2,104

 General Operating Expenses 337 (**) 337 1,582 (**) 1,582 1,785 (**) 1,785

 Other 158 ...... 158 1,208 ...... 1,208 894 ...... 894

 Proprietary Receipts from the Public:

 National Service Life ...... 3 -3 ...... 19 -19 ...... 14 -14

 Other ...... 2,945 -2,945 ...... 5,072 -5,072 ...... 5,493 -5,493

 Intrabudgetary Transactions -2 ...... -2 9 ...... 9 -4 ...... -4

 Total--Department of Veterans Affairs 10,361 3,068 7,294 111,066 6,230 104,836 102,883 6,250 96,633

Corps of Engineers:

 Construction 271 ...... 271 1,331 ...... 1,331 806 ...... 806

 Operation and Maintenance -187 ...... -187 1,393 ...... 1,393 1,610 ...... 1,610

 Flood Control and Coastal Emergencies 81 ...... 81 369 ...... 369 361 ...... 361

 Harbor Maintenance Trust Fund 524 ...... 524 524 ...... 524 ...... ...... ......

 Rivers and Harbors Contributed Funds 59 ...... 59 282 ...... 282 207 ...... 207

 Other 104 ...... 104 787 ...... 787 775 ...... 775

 Proprietary Receipts from the Public ...... 58 -58 ...... 319 -319 ...... 330 -330

 Intrabudgetary Transactions (**) ...... (**) (**) ...... (**) (**) ...... (**)

 Total--Corps of Engineers 853 58 795 4,686 319 4,368 3,760 330 3,429

Other Defense Civil Programs:

 Military Retirement:

 Payment to Military Retirement Fund ...... ...... ...... 91,873 ...... 91,873 87,996 ...... 87,996

19
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

Other Defense Civil Programs: - Continued

 Military Retirement Fund 445 ...... 445 31,002 ...... 31,002 30,142 ...... 30,142

 Retiree Health Care:

 Payment to Department of Defense Medicare-Eligible

 Retiree Health Care Fund ...... ...... ...... 6,637 ...... 6,637 5,720 ...... 5,720

 Department of Defense Medicare-Eligible Retiree Health

 Care Fund 789 ...... 789 5,531 ...... 5,531 5,198 ...... 5,198

 Educational Benefits 20 ...... 20 109 ...... 109 117 ...... 117

 Other 29 ...... 29 158 ...... 158 152 ...... 152

 Proprietary Receipts from the Public ...... 2 -2 ...... 12 -12 ...... 11 -11

 Intrabudgetary Transactions -765 ...... -765 -102,731 ...... -102,731 -96,714 ...... -96,714

 Total--Other Defense Civil Programs 517 2 515 32,579 12 32,567 32,610 11 32,599

Environmental Protection Agency:

 Science and Technology 73 ...... 73 356 ...... 356 321 ...... 321

 Environmental Programs and Management 219 ...... 219 1,202 ...... 1,202 1,198 ...... 1,198

 State and Tribal Assistance Grants 280 ...... 280 2,380 ...... 2,380 2,277 ...... 2,277

 Payment to the Hazardous Substance Superfund ...... ...... ...... 1,076 ...... 1,076 1,084 ...... 1,084

 Hazardous Substance Superfund 162 ...... 162 767 ...... 767 658 ...... 658

 Other -17 2 -19 81 43 38 86 33 54

 Proprietary Receipts from the Public ...... -27 27 ...... 89 -89 ...... 107 -107

 Intrabudgetary Transactions -48 ...... -48 -1,056 ...... -1,056 -1,058 ...... -1,058

 Offsetting Governmental Receipts ...... 4 -4 ...... 14 -14 ...... 12 -12

 Total--Environmental Protection Agency 669 -21 690 4,806 146 4,661 4,566 152 4,415

Executive Office of the President:

 The White House 4 ...... 4 30 ...... 30 25 ...... 25

 Office of Management and Budget 8 ...... 8 53 ...... 53 51 ...... 51

 Unanticipated Needs 2 ...... 2 11 ...... 11 10 ...... 10

 Other 18 ...... 18 118 ...... 118 108 ...... 108

 Proprietary Receipts from the Public ...... (**) (**) ...... (**) (**) ...... (**) (**)

 Intrabudgetary Transactions (**) ...... (**) -15 ...... -15 (**) ...... (**)

 Total--Executive Office of the President 33 (**) 33 196 (**) 196 195 (**) 195

General Services Administration:

 Real Property Activities -45 ...... -45 347 ...... 347 -433 ...... -433

 Supply and Technology Activities 3 ...... 3 -107 ...... -107 -213 ...... -213

 General Activities 20 ...... 20 133 ...... 133 115 ...... 115

 Proprietary Receipts from the Public ...... -20 20 ...... 23 -23 ...... 11 -11

 Intrabudgetary Transactions (**) ...... (**) -5 ...... -5 -5 ...... -5

 Total--General Services Administration -23 -20 -3 368 23 345 -537 11 -548

International Assistance Programs:

 Millennium Challenge Corporation 67 ...... 67 297 ...... 297 366 ...... 366

 International Security Assistance:

 Foreign Military Financing Program 166 ...... 166 5,241 ...... 5,241 5,057 ...... 5,057

 Economic Support Fund 232 ...... 232 2,260 ...... 2,260 2,510 ...... 2,510

 Other 107 (**) 107 668 7 661 685 7 678

 Total--International Security Assistance 505 (**) 505 8,170 7 8,162 8,252 7 8,245

 Multilateral Assistance:

 Contribution to the International Development

 Association 1,097 ...... 1,097 1,097 ...... 1,097 ...... ...... ......

 Other 392 ...... 392 677 ...... 677 309 ...... 309

 Total--Multilateral Assistance 1,489 ...... 1,489 1,774 ...... 1,774 309 ...... 309

 Agency for International Development:

 Development Assistance Program 186 ...... 186 1,177 ...... 1,177 1,139 ...... 1,139

 Assistance for Europe, Eurasia and Central Asia 49 ...... 49 341 ...... 341 268 ...... 268

 International Disaster Assistance 203 ...... 203 2,219 ...... 2,219 1,667 ...... 1,667

 Operating Expenses 85 ...... 85 631 ...... 631 650 ...... 650

 Other 210 ...... 210 229 110 119 114 145 -32

 Proprietary Receipts from the Public ...... (**) (**) ...... 27 -27 ...... 149 -149

 Intrabudgetary Transactions -3 ...... -3 -8 ...... -8 -3 ...... -3

 Total--Agency for International Development 731 (**) 730 4,590 138 4,452 3,834 294 3,540

 Overseas Private Investment Corporation:

 Overseas Private Investment Corporation Accounts (**) ...... (**) 36 41 -5 67 73 -6

 Proprietary Receipts from the Public ...... ...... ...... ...... 57 -57 ...... 132 -132

 Total--Overseas Private Investment Corporation (**) ...... (**) 36 98 -62 67 205 -139

20
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

International Assistance Programs: - Continued

 Peace Corps 63 (**) 63 252 1 251 186 (**) 187

 Military Sales Program:

 Foreign Military Sales Trust Fund 3,564 ...... 3,564 17,912 ...... 17,912 16,784 ...... 16,784

 Other 3 ...... 3 88 3 85 76 (**) 76

 Proprietary Receipts from the Public ...... 1,053 -1,053 ...... 20,457 -20,457 ...... 22,813 -22,813

 Other 17 13 4 91 131 -41 46 1 44

 Total--International Assistance Programs 6,439 1,067 5,372 33,209 20,835 12,374 29,920 23,321 6,598

National Aeronautics and Space Administration:

 Science 572 ...... 572 3,268 ...... 3,268 2,981 ...... 2,981

 Aeronautics 67 ...... 67 411 ...... 411 334 ...... 334

 Exploration 517 ...... 517 2,474 ...... 2,474 2,141 ...... 2,141

 Cross Agency Support 253 ...... 253 1,355 ...... 1,355 1,372 ...... 1,372

 Space Operations 314 ...... 314 2,230 ...... 2,230 2,276 ...... 2,276

 Other 140 ...... 140 806 ...... 806 638 ...... 638

 Proprietary Receipts from the Public ...... (**) (**) ...... 19 -19 ...... 1 -1

 Intrabudgetary Transactions (**) ...... (**) (**) ...... (**) -1 ...... -1

 Total--National Aeronautics and Space Administration 1,864 (**) 1,864 10,544 19 10,524 9,741 1 9,740

National Science Foundation:

 Research and Related Activities 424 ...... 424 2,711 ...... 2,711 2,666 ...... 2,666

 Education and Human Resources 74 ...... 74 471 ...... 471 460 ...... 460

 Other 47 ...... 47 309 ...... 309 255 ...... 255

 Proprietary Receipts from the Public ...... 8 -8 ...... 17 -17 ...... 23 -23

 Total--National Science Foundation 545 8 538 3,490 17 3,474 3,381 23 3,358

Office of Personnel Management:

 Government Payment for Annuitants, Employees Health and

 Life Insurance Benefits 1,126 ...... 1,126 6,455 ...... 6,455 6,548 ...... 6,548

 Postal Service Retiree Health Benefits Fund 327 ...... 327 1,929 ...... 1,929 1,872 ...... 1,872

 Civil Service Retirement and Disability Fund 7,544 ...... 7,544 45,330 ...... 45,330 44,008 ...... 44,008

 Employees Life Insurance Fund 293 296 -3 1,595 1,900 -305 1,572 2,195 -623

 Employees and Retired Employees Health Benefits Fund 4,627 4,648 -21 29,063 28,221 841 27,442 27,900 -458

 Other 21 ...... 21 23 ...... 23 164 ...... 164

 Proprietary Receipts from the Public ...... (**) (**) ...... 1 -1 ...... 2 -2

 Intrabudgetary Transactions:

 Postal Service Contributions -3 ...... -3 -600 ...... -600 -637 ...... -637

 Civil Service Retirement and Disability Fund:

 Other -3 ...... -3 -18 ...... -18 -20 ...... -20

 Total--Office of Personnel Management 13,931 4,944 8,988 83,776 30,122 53,654 80,948 30,097 50,851

Small Business Administration:

 Salaries and Expenses -704 ...... -704 -570 (**) -570 223 (**) 223

 Business Loans Program 59 (**) 59 230 (**) 230 242 (**) 242

 Disaster Loans Program 833 (**) 833 865 (**) 865 268 (**) 268

 Other 15 2 13 140 10 130 128 11 117

 Proprietary Receipts from the Public ...... 1,257 -1,257 ...... 1,257 -1,257 ...... 945 -945

 Intrabudgetary Transactions (**) ...... (**) (**) ...... (**) (**) ...... (**)

 Total--Small Business Administration 203 1,259 -1,056 665 1,268 -603 861 957 -96

Social Security Administration:

 Payments to Social Security Trust Funds 21 ...... 21 19,223 ...... 19,223 17,884 ...... 17,884

 Supplemental Security Income Program 685 ...... 685 30,303 ...... 30,303 29,760 ...... 29,760

 Federal Old-Age and Survivors Insurance Trust Fund

 (Off-Budget):

 Benefit Payments 78,758 ...... 78,758 463,846 ...... 463,846 436,576 ...... 436,576

 Administrative Expenses 261 ...... 261 1,845 ...... 1,845 1,954 ...... 1,954

 Total--Federal Old-Age and Survivors Insurance Trust

 Fund (Off-Budget) 79,020 ...... 79,020 465,692 ...... 465,692 438,531 ...... 438,531

 Federal Disability Insurance Trust Fund (Off-Budget):

 Benefit Payments 12,306 ...... 12,306 72,296 ...... 72,296 72,159 ...... 72,159

 Administrative Expenses 234 ...... 234 1,227 ...... 1,227 1,332 ...... 1,332

 Total--Federal Disability Insurance Trust Fund

 (Off-Budget) 12,540 ...... 12,540 73,523 ...... 73,523 73,492 ...... 73,492

 Other 4 ...... 4 84 ...... 84 76 ...... 76

 Proprietary Receipts from the Public:

 On-Budget ...... 304 -304 ...... 1,371 -1,371 ...... 1,362 -1,362

21
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

Social Security Administration: - Continued

 Off-Budget ...... 75 -75 ...... 105 -105 ...... 71 -71

 Intrabudgetary Transactions:

 Off-Budget 2 -21 ...... -21 -19,222 ...... -19,222 -17,883 ...... -17,883

 Total--Social Security Administration 92,249 380 91,869 569,602 1,475 568,127 541,859 1,433 540,426

Independent Agencies:

 Broadcasting Board of Governors 40 (**) 40 377 (**) 377 386 (**) 386

 Bureau of Consumer Financial Protection 45 ...... 45 243 (**) 243 232 (**) 232

 Corporation for National and Community Service 73 (**) 73 481 (**) 481 461 1 460

 Corporation for Public Broadcasting ...... ...... ...... 465 ...... 465 465 ...... 465

 District of Columbia:

 Courts 31 ...... 31 162 ...... 162 155 (**) 155

 General and Special Payments 45 (**) 45 397 41 356 324 36 288

 Equal Employment Opportunity Commission 28 (**) 27 203 1 202 188 1 186

 Export-Import Bank of the United States 8 (**) 8 55 (**) 55 44 -6 50

 Federal Communications Commission:

 Universal Service Fund 653 ...... 653 3,971 ...... 3,971 4,879 ...... 4,879

 Other 204 2 202 1,012 15 997 309 12 297

 Federal Deposit Insurance Corporation:

 Deposit Insurance Fund -1,312 ...... -1,312 -2,175 ...... -2,175 -4,391 ...... -4,391

 FSLIC Resolution Fund (**) (**) (**) 1 9 -8 (**) 10 -10

 Total--Federal Deposit Insurance Corporation -1,312 (**) -1,313 -2,174 9 -2,183 -4,391 10 -4,401

 Federal Drug Control Programs 25 ...... 25 165 ...... 165 129 ...... 129

 Federal Housing Finance Agency 21 ...... 21 144 ...... 144 130 ...... 130

 Institute of Museum and Library Services 15 ...... 15 111 (**) 111 110 (**) 110

 Intelligence Community Management Account 39 ...... 39 264 ...... 264 298 ...... 298

 Legal Services Corporation 109 ...... 109 327 ...... 327 193 ...... 193

 National Archives and Records Administration 34 2 32 223 17 206 191 8 183

 National Credit Union Administration 33 14 18 467 1,492 -1,024 419 714 -294

 National Endowment for the Arts 16 (**) 16 80 1 79 75 (**) 75

 National Endowment for the Humanities 13 (**) 13 71 (**) 70 64 1 63

 National Labor Relations Board 22 (**) 22 136 (**) 136 132 (**) 132

 Nuclear Regulatory Commission 69 2 67 455 367 88 443 377 66

 Postal Service:

 Off-Budget:

 Public Enterprise Funds 5,371 5,830 -459 47,062 47,665 -603 48,720 49,544 -824

 Other ...... ...... ...... 267 ...... 267 265 ...... 265

 Other ...... ...... ...... 57 ...... 57 55 ...... 55

 Railroad Retirement Board:

 Federal Windfall Subsidy 1 ...... 1 7 ...... 7 9 ...... 9

 Federal Payments to the Railroad Retirement Accounts (**) ...... (**) 343 ...... 343 400 ...... 400

 Railroad Unemployment Insurance Trust Fund:

 Benefit Payments 13 ...... 13 73 ...... 73 46 ...... 46

 Transfer To Administrative Funds 1 ...... 1 9 ...... 9 12 ...... 12

 Rail Industry Pension Fund:

 Benefit Payments 446 ...... 446 2,786 ...... 2,786 2,765 ...... 2,765

 OASDI Certifications (**) ...... (**) -1 ...... -1 -1 ...... -1

 Transfer to Administrative Funds 8 ...... 8 49 ...... 49 53 ...... 53

 Other (**) ...... (**) 32 ...... 32 (**) ...... (**)

 National Railroad Retirement Investment Trust:

 Administrative Expenses 2 ...... 2 26 ...... 26 33 ...... 33

 Transfers to the Railroad Retirement Trust Funds from

 the National Railroad Retirement Investment Trust 238 ...... 238 1,090 ...... 1,090 999 ...... 999

 Railroad Social Security Equivalent Benefit Account:

 Benefit Payments 608 ...... 608 3,777 ...... 3,777 3,680 ...... 3,680

 Transfer To Administrative Funds 3 ...... 3 16 ...... 16 19 ...... 19

 Other (**) ...... (**) -20 ...... -20 -29 ...... -29

 Proprietary Receipts from the Public ...... -1,140 1,140 ...... 359 -359 ...... -377 377

 Intrabudgetary Transactions:

 Other -239 ...... -239 -1,433 ...... -1,433 -1,400 ...... -1,400

 Total--Railroad Retirement Board 1,081 -1,140 2,221 6,755 359 6,396 6,585 -377 6,962

 Securities and Exchange Commission -426 -4 -421 315 1 313 463 4 459

 Smithsonian Institution 113 ...... 113 596 (**) 596 511 (**) 511

 Tennessee Valley Authority 5,097 4,669 428 28,669 28,970 -301 21,581 22,273 -692

 Other 740 38 702 2,471 416 2,056 2,271 465 1,805

 Total--Independent Agencies 12,186 9,414 2,772 93,828 79,354 14,474 85,688 73,063 12,625

22
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

Undistributed Offsetting Receipts:

 Other Interest (**) ...... (**) (**) (**) -1 ...... (**) (**)

 Employer Share, Employee Retirement:

 Department of Health and Human Services:

 Federal Hospital Insurance Trust Fund:

 Federal Employer Contributions -330 ...... -330 -1,971 ...... -1,971 -1,912 ...... -1,912

 Postal Service Employer Contributions -54 ...... -54 -333 ...... -333 -322 ...... -322

 Department of State:

 Foreign Service Retirement and Disability Fund -29 ...... -29 -185 ...... -185 -181 ...... -181

 Other Defense Civil Programs:

 Military Retirement Fund -1,817 ...... -1,817 -19,165 ...... -19,165 -18,025 ...... -18,025

 Department of Defense Medicare-Eligible Retiree Health

 Care Fund ...... ...... ...... -8,050 ...... -8,050 -7,763 ...... -7,763

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund -2,914 ...... -2,914 -18,251 ...... -18,251 -15,419 ...... -15,419

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund:

 Federal Employer Contributions -1,382 ...... -1,382 -7,740 ...... -7,740 -7,283 ...... -7,283

 Federal Disability Insurance Trust Fund:

 Federal Employer Contributions -234 ...... -234 -1,314 ...... -1,314 -1,466 ...... -1,466

 Other (**) ...... (**) -2 ...... -2 -2 ...... -2

 Total--Employer Share, Employee Retirement -6,760 ...... -6,760 -57,012 ...... -57,012 -52,372 ...... -52,372

 Interest Received by Trust Funds:

 Judicial Branch:

 Judicial Survivors Annuity Fund -1 ...... -1 -10 ...... -10 -4 ...... -4

 Department of Health and Human Services:

 Federal Hospital Insurance Trust Fund -5 ...... -5 -3,025 ...... -3,025 -3,456 ...... -3,456

 Federal Supplementary Medical Insurance Trust Fund -5 ...... -5 -1,197 ...... -1,197 -1,342 ...... -1,342

 Department of Homeland Security:

 Oil Spill Liability Trust Fund 7 ...... 7 -45 ...... -45 -69 ...... -69

 Other (**) ...... (**) -21 ...... -21 -16 ...... -16

 Department of Labor:

 Unemployment Trust Fund -23 ...... -23 -1,053 ...... -1,053 -861 ...... -861

 Department of State:

 Foreign Service Retirement and Disability Fund (**) ...... (**) -267 ...... -267 -276 ...... -276

 Department of Transportation:

 Airport and Airway Trust Fund -1 ...... -1 -193 ...... -193 -167 ...... -167

 Department of Veterans Affairs:

 National Service Life Insurance Fund (**) ...... (**) -45 ...... -45 -56 ...... -56

 United States Government Life Insurance Fund (**) ...... (**) (**) ...... (**) (**) ...... (**)

 Corps of Engineers -10 ...... -10 -91 ...... -91 -102 ...... -102

 Other Defense Civil Programs:

 Military Retirement Fund -2,540 ...... -2,540 -7,505 ...... -7,505 -5,200 ...... -5,200

 Educational Benefits Fund -3 ...... -3 -10 ...... -10 -4 ...... -4

 Armed Forces Retirement Home (**) ...... (**) -1 ...... -1 -1 ...... -1

 Environmental Protection Agency -62 ...... -62 -72 ...... -72 -59 ...... -59

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund -20 ...... -20 -12,709 ...... -12,709 -12,954 ...... -12,954

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund -41 ...... -41 -38,178 ...... -38,178 -39,918 ...... -39,918

 Federal Disability Insurance Trust Fund -4 ...... -4 -1,417 ...... -1,417 -1,408 ...... -1,408

 Independent Agencies:

 Railroad Retirement Board -7 ...... -7 -42 ...... -42 -26 ...... -26

 Other -7 ...... -7 -25 ...... -25 -13 ...... -13

 Other -45 ...... -45 -370 ...... -370 -560 ...... -560

 Total--Interest Received by Trust Funds -2,767 ...... -2,767 -66,275 ...... -66,275 -66,491 ...... -66,491

 Rents and Royalties on the Outer Continental Shelf Lands ...... 631 -631 ...... 2,634 -2,634 ...... 3,253 -3,253

 Spectrum Auction Proceeds ...... ...... ...... ...... ...... ...... -1,155 ...... -1,155

 Total--Undistributed Offsetting Receipts -9,527 631 -10,159 -123,288 2,634 -125,922 -120,018 3,254 -123,272

Total Outlays 395,375 39,484 355,891 2,598,960 251,853 2,347,107 2,453,071 254,604 2,198,468

 Total On-Budget 300,126 33,579 266,547 2,080,288 204,083 1,876,205 1,960,021 204,989 1,755,032

 Total Off-Budget 95,249 5,905 89,344 518,671 47,770 470,901 493,050 49,615 443,435

Total Surplus (+) or Deficit (-) -119,125 -743,590 -691,174

 Total On-Budget -113,479 -733,041 -683,141

 Total Off-Budget -5,646 -10,549 -8,034

23
Table 5. Outlays of the U.S. Government, March 2020 and Other Periods - Continued

[$ millions]

MEMORANDUM

Receipts Offset Against Outlays (In Millions)

Current Comparable

Fiscal Year to Period Prior

Date Fiscal Year

Proprietary Receipts 115,828 126,797

Intrabudgetary Transactions 437,447 409,869

Governmental Receipts 6,931 7,740

 Total Receipts Offset Against Outlays 560,206 544,406

1 Applicable Receipts increased by $57 million due to additional reporting for the checks.

month of February 2020. Note: Details may not add to totals due to rounding.

2 Includes FICA and SECA tax credits, non-contributory military service credits, ... No Transactions

special benefits for the aged and credit for the unnegotiated OASI benefit (**) Less than absolute value of $500,000

24
Assets and Liabilities

This Year This Month

Directly Related to

Budget Off-Budget Activity This Month

Net Transactions

(-) denotes net reduction of either liability or asset accounts

Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Means of Financing the Deficit or Disposition of Surplus by the U.S. Government, March 2020 and Other Periods

[$ millions]

Liability Accounts:

 Borrowing from the Public:

 Treasury Securities, Issued Under General Financing Authorities:

 Debt Held by the Public 261,721 865,679 443,237 16,809,091 17,413,049 17,674,770

 Intragovernmental Holdings 15,190 101,790 68,584 5,910,309 5,996,909 6,012,100

 Total Treasury Securities Outstanding 276,912 967,469 511,822 22,719,402 23,409,959 23,686,871

 Plus Premium on Treasury Securities 3,875 3,655 1,695 32,781 32,561 36,436

 Less Discount on Treasury Securities -2,590 6,567 3,895 105,621 114,779 112,189

 Total Treasury Securities Net of Premium and Discount 283,377 964,557 509,623 22,646,560 23,327,740 23,611,117

 Agency Securities, Issued Under Special Financing Authorities (See

 Schedule B; for Other Agency Borrowing, See Schedule C) 428 -271 -621 21,455 20,755 21,184

 Total Federal Securities 283,805 964,286 509,002 22,668,015 23,348,496 23,632,301

 Deduct:

 Federal Securities Held as Investments of Government Accounts

 (See Schedule D) 15,031 101,611 66,777 5,893,424 5,980,003 5,995,035

 Less Discount on Federal Securities Held as Investments of

 Government Accounts -810 -1,629 1,189 28,201 27,382 26,572

 Net Federal Securities Held as Investments of Government

 Accounts 15,841 103,239 65,588 5,865,224 5,952,621 5,968,463

 Total Borrowing from the Public 267,964 861,047 443,414 16,802,792 17,395,874 17,663,838

 Accrued Interest Payable to the Public 5,889 848 5,484 73,285 68,244 74,133

 Allocations of Special Drawing Rights -299 53 -247 48,146 48,498 48,199

 Uninested Balances, Deposit Funds 3,275 5,202 217,462 26,129 1

28,056 31,331

 Miscellaneous Liability Accounts (Includes Checks Outstanding Etc.) -109 16,848 3,958 8,483 25,440 25,331

 Total Liability Accounts 276,720 883,998 670,070 16,958,835 17,566,112 17,842,832

Asset Accounts (Deduct)

 Cash and Monetary Assets:

 U.S. Treasury Operating Cash:

 Federal Reserve Account 2 158,006 132,774 -50,700 382,483 357,251 515,257

 Balance 158,006 132,774 -50,700 382,483 357,251 515,257

 Special Drawing Rights:

 Total Holdings -312 159 -152 49,976 50,447 50,136

 SDR Certificates Issued to Federal Reserve Banks ...... ...... ...... -5,200 -5,200 -5,200

 Balance -312 159 -152 44,776 45,247 44,936

 Reserve Position on the U.S. Quota in the IMF:

 U.S. Subscription to International Monetary Fund:

 Direct Quota Payments ...... ...... ...... 111,629 111,629 111,629

 Maintenance of Value Adjustments -704 124 -581 1,517 2,345 1,641

 Letter of Credit Issued to IMF 152 371 3,665 -91,228 -91,009 -90,857

 Dollar Deposits with the IMF 46 16 -1 -304 -334 -288

 Receivable/Payable (-) for Interim Maintenance of Value

 Adjustments 561 -100 508 1,341 680 1,241

 Balance 55 411 3,591 22,955 23,311 23,366

 Loans to International Monetary Fund -361 -610 -1,645 2,759 2,510 2,149

 Other Cash and Monetary Assets -256 -476 -51 26,541 26,322 26,066

 Total Cash and Monetary Assets 157,132 132,258 -48,957 479,515 454,641 611,774

 Non-Federal Securities of the National Railroad Retirement

 Investment Trust -1,381 -680 -1,185 24,058 24,759 23,378

 Net Activity, Guaranteed Loan Financing (See Schedule E) 3,617 3,144 6,683 32,488 32,014 35,632

 Net Activity, Direct Loan Financing (See Schedule E) -3,008 4,510 21,928 1,414,936 1,422,455 1,419,446

 Miscellaneous Asset Accounts 1,051 1,132 213 -961 -881 170

 Total Asset Accounts 157,412 140,364 -21,317 1,950,036 1,932,988 2,090,400

Excess of Liabilities (+) or Assets (-) 119,308 743,634 691,388 15,008,798 15,633,124 15,752,432

Transactions Not Applied to Current Year's Surplus or Deficit (See

 Schedule A for Details) -183 -44 -213 ...... 139 -44

Total Budget and Off-Budget Federal Entities (Financing of Deficit (+)

 or Disposition of Surplus (-)) 119,125 743,590 691,174 15,008,798 15,633,263 15,752,388

1 The balance decreased by $57 million due to additional reporting by the Public Debt. Information is presented on a modified cash basis. Deposits are

Department of the Interior for February 2020. reflected as received and withdrawals are reflected as processed.

2 Major sources of information used to determine Treasury's operating cash balance Note: Details may not add to totals due to rounding.

include Federal Reserve Banks, Treasury Regional Finance Centers, Internal ... No Transactions

Revenue Service Centers, various electronic systems, and information on the

25
Classification This Month

Fiscal Year to Date

This Year Prior Year

Table 6. Schedule A-Analysis of Change in Excess of Liabilities of the U.S. Government, March 2020 and Other Periods

[$ millions]

Excess of Liabilities Beginning of Period:

 Based on Composition of Unified Budget in Preceding Period 15,633,124 15,008,728 14,164,924

 Adjustments During Current Fiscal Year for Changes in Composition of

 Unified Budget:

 Revisions by Federal Agencies to the Prior Budget Results ...... ...... -140,646

 Excess of Liabilities Beginning of Period (Current Basis) 15,633,124 15,008,728 14,024,278

 Budget Surplus (-) or Deficit:

 Based on Composition of Unified Budget in Prior Fiscal Year 119,125 743,590 691,174

 Total Surplus (-) or Deficit (Table 2) 119,125 743,590 691,174

 Total-On-Budget (Table 2) 113,479 733,041 683,141

 Total-Off-Budget (Table 2) 5,646 10,549 8,034

 Transactions Not Applied to Current Year's Surplus or Deficit:

 Premium/Discount on Buyback of U.S. Treasury Securities ...... (**) -2

 Other 183 44 215

 Total-Transactions Not Applied to Current Year's Surplus or Deficit 183 44 213

 Excess of Liabilities Close of Period 15,752,432 15,752,432 14,715,665

Note: Details may not add to totals due to rounding. (**) Less than absolute value of $500,000

... No Transactions

26

This Year This Month

Classification

This Month

Net Transactions

(-) denotes net reduction of liability accounts

Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Schedule B-Securities Issued by Federal Agencies Under Special Financing Authorities, March 2020 and Other Periods

[$ millions]

Agency Securities, Issued Under Special Financing Authorities:

 Obligations Guaranteed by the United States, Issued By:

 Department of Housing and Urban Development:

 Federal Housing Administration ...... ...... ...... 19 19 19

 Obligations Not Guaranteed by the United States, Issued By:

 Legislative Branch:

 Architect of the Capitol (**) -6 -5 69 63 63

 Independent Agencies:

 Federal Communications Commission ...... ...... ...... (**) (**) (**)

 National Archives and Records Administration ...... ...... -13 (**) (**) (**)

 Tennessee Valley Authority 428 -265 -602 21,367 20,674 21,102

 Total Agency Securities 428 -271 -621 21,455 20,755 21,184

Note: Details may not add to totals due to rounding. (**) Less than absolute value of $500,000

... No Transactions
Classification

This Year This Month This Month

Transactions Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,

March 2020 and Other Periods

[$ millions]

Borrowing from the US Treasury:

 Department of Agriculture:

 Farm Service Agency:

 Commodity Credit Corporation -83 -3,808 9,806 24,862 21,137 21,054

 Agricultural Credit Insurance Fund -1,190 -76 -1,243 13,084 14,198 13,007

 Farm Storage Facility Loans -51 69 86 1,067 1,187 1,136

 Apple Loans Fund ...... ...... ...... (**) (**) (**)

 Emergency Boll Weevil Loan Fund ...... -1 -1 4 3 3

 Rural Housing Service:

 Rural Housing Insurance -15 444 402 18,783 19,241 19,227

 Rural Community Facility Loans Fund -610 -40 723 10,368 10,938 10,328

 Multifamily Housing Revitalization Loan Account -19 13 -9 454 485 466

 Rural Business - Cooperative Service:

 Rural Business and Industry Loans -59 -59 -12 88 88 30

 Rural Development Loan Fund -22 -17 -2 304 309 287

 Rural Economic Development Loan Fund -35 -25 10 221 231 196

 Renewable Energy Guaranteed Loan Account -1 -1 (**) 1 1 (**)

 Rural Microenterprise Investment Loans -3 -2 -1 44 44 41

 Biorefinery Assistance Loan Account -2 -2 -13 2 2 ......

 Rural Utilities Service:

 Rural Water and Waste Disposal Fund -498 -85 286 13,270 13,683 13,185

 Rural Electrification and Telecommunications Fund -577 -470 301 6,865 6,971 6,394

 Rural Telephone Bank -29 -29 -3 118 118 90

 Distance Learning and Telemedicine Program -193 -190 -10 788 791 598

 Foreign Agricultural Service ...... ...... ...... 432 432 432

 Department of Commerce:

 National Oceanic and Atmospheric Administration:

 Fisheries Finance 1 12 5 395 406 407

 Department of Defense--Military Programs:

 Family Housing Improvement Loans ...... ...... 25 1,714 1,714 1,714

 Department of Education:

 College Housing and Academic Facilities Loans ...... (**) ...... 16 16 16

 Federal Direct Student Loans 17,530 81,206 77,843 1,211,865 1,275,541 1,293,071

 Teach Grant Loans 7 44 35 651 688 695

 Temporary Student Loan Purchase Authority ...... -395 -872 39,713 39,317 39,317

 Federal Family Education Loans ...... ...... ...... 35,265 35,265 35,265

 Department of Energy:

 Bonneville Power Administration Fund ...... 250 -232 5,280 5,530 5,530

 Western Area Power Administration - Recovery Act ...... ...... ...... 76 76 76

 Title 17 Innovative Technology Loans ...... 33 159 748 782 782

 Department of Health and Human Services:

 Consumer Operated and Oriented Plan ...... ...... ...... 149 149 149

 Consumer Operated and Oriented Plan Program Contingency Fund ...... ...... ...... 58 58 58

 Department of Homeland Security:

 National Flood Insurance Fund ...... ...... ...... 20,525 20,525 20,525

 Disaster Assistance Loan Fund 1 1 2 71 72 72

 Department of Housing and Urban Development:

 Public and Indian Housing Programs:

 Low-Rent Public Housing - Loans and Other Expenses ...... ...... ...... 12 12 12

 Native Hawaiian Housing Loans ...... 1 (**) 2 3 3

 Housing Programs:

 Federal Housing Administration 14,336 14,336 25 30,386 30,386 44,722

 Green Retrofit Program for Multifamily Housing-Recovery Act ...... ...... ...... 10 10 10

 Department of the Interior:

 Bureau of Indian Affairs and Bureau of Indian Education ...... ...... ...... 5 5 5

 Bureau of Reclamation Loan Fund ...... ...... ...... 29 29 29

 Assistance to American Samoa Loan Fund ...... (**) (**) 8 8 8

 Department of Labor:

 Black Lung Disability Trust Fund ...... 110 ...... 4,419 4,529 4,529

 Department of State:

 Repatriation Loans ...... 22355

27
Classification

This Year This Month This Month

Transactions Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,

March 2020 and Other Periods - Continued

[$ millions]

Borrowing from the US Treasury: - Continued

 Department of Transportation:

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund 80 843 855 19,445 20,207 20,288

 Federal Railroad Administration:

 Railroad Rehabilitation and Improvement Loan Fund ...... (**) 17 1,187 1,187 1,187

 Other ...... ...... ...... (**) (**) (**)

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) Fund ...... ...... 2 125 125 125

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund 1 2 5 96 98 99

 Temporary Credit and Liquidity Program ...... ...... ...... 3,709 3,709 3,709

 Troubled Asset Relief Program ...... -2 -18 35 32 32

 Small Business Lending Financing Fund ...... ...... ...... 153 153 153

 Federal Financing Bank Revolving Fund 850 2,769 1,295 63,751 65,670 66,520

 Department of Veterans Affairs:

 Veterans Housing Benefit Program Fund ...... 50 104 492 542 542

 Native American Veteran Housing Fund ...... 4 3 73 77 77

 Vocational Rehabilitation Loan Fund ...... 22133

 Corps of Engineers:

 Washington Aqueduct (**) (**) (**) (**) (**) (**)

 Environmental Protection Agency:

 Water Infrastructure Finance and Innovation Loan Program 1 165 (**) (**) 164 165

 International Assistance Programs:

 International Security Assistance:

 Foreign Military Loan Program ...... ...... ...... 3,066 3,066 3,066

 Military Debt Reduction ...... ...... ...... 48 48 48

 Agency for International Development:

 Development Credit Authority Loan Fund ...... ...... ...... 8 8 8

 Overseas Private Investment Corporation ...... -3,829 449 3,829 ...... ......

 United States International Development Finance Corporation 86 4,251 ...... ...... 4,165 4,251

 Small Business Administration:

 Business Loan Fund 10 9 4 2,220 2,219 2,229

 Disaster Loan Fund 2,093 1,618 1,482 9,590 9,115 11,208

 Independent Agencies:

 Export-Import Bank of the United States ...... ...... 45 16,946 16,946 16,946

 Presidio Trust ...... ...... ...... 38 38 38

 Railroad Retirement Board:

 Social Security Equivalent Benefit Account 352 2,152 2,096 3,934 5,734 6,086

 Smithsonian Institution:

 John F. Kennedy Center Parking Facilities ...... ...... ...... 20 20 20

 Other:

 Borrowing from the US Treasury - Other (**) (**) ...... ...... ...... (**)

 Total Borrowing from the US Treasury 31,963 99,354 93,655 1,570,919 1,638,310 1,670,273

Borrowing from the Federal Financing Bank:

 Department of Agriculture:

 Rural Utilities Service:

 Rural Electrification and Telecommunications Fund 618 1,080 1,067 46,289 46,751 47,369

 Department of Education:

 Historically Black College and University Capital Financing

 Fund 12 27 37 1,479 1,495 1,507

 Department of Energy:

 Advanced Technology Vehicles Manufacturing Loans -148 -295 -295 1,618 1,470 1,323

 Title 17 Innovative Technology Loans -4 793 1,565 12,804 13,601 13,597

 Department of Health and Human Services:

 Health Maintenance Organization Loan and Loan Guarantee Fund ...... ...... ...... (**) (**) (**)

 Department of Housing and Urban Development:

 Housing Programs:

 Federal Housing Administration 10 296 149 1,969 2,256 2,265

 Department of the Treasury:

 Departmental Offices:

28
Classification

This Year This Month This Month

Transactions Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,

March 2020 and Other Periods - Continued

[$ millions]

Borrowing from the Federal Financing Bank: - Continued

 Community Development Financial Institutions Fund 21 53 188 1,017 1,048 1,070

 Department of Veterans Affairs:

 Guaranteed Transitional Housing Loans for Homeless Veterans ...... (**) (**) 4 4 4

 Independent Agencies:

 Postal Service ...... ...... -2,200 11,000 11,000 11,000

 Total Borrowing from the Federal Financing Bank 510 1,954 511 76,180 77,624 78,134

Note: Details may not add to totals due to rounding. these funds to agencies in lieu of agencies borrowing directly through Treasury

Note: This table includes lending by the Federal Financing Bank accomplished by or issuing their own securities.

the purchase of agency financial assets, by the acquisition of agency debt ... No Transactions

securities, and by direct loans on behalf of an agency. The Federal Financing (**) Less than absolute value of $500,000

Bank borrows from Treasury and issues its own securities and in turn may loan

29
Securities Held as Investments Net Purchases or Sales (-) Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, March 2020 and Other Periods

[$ millions]

Federal Funds:

 Department of Agriculture 12 12 -12 226 226 238

 Department of Commerce -2 ...... ...... ...... 2 ......

 Department of Defense--Military Programs:

 Defense Cooperation Account (**) (**) (**) 8 8 8

 Department of Energy 82 198 -100 55,848 55,964 56,046

 Department of Health and Human Services ...... 11,006 10,236 ...... 11,006 11,006

 Department of Homeland Security -522 -313 303 1,525 1,734 1,212

 Department of Housing and Urban Development:

 Housing Programs:

 Federal Housing Administration Fund -550 2,747 2,422 50,601 53,898 53,348

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities -443 -336 -260 15,784 15,890 15,448

 Department of the Interior -1,351 -1,130 34 9,921 10,142 8,792

 Department of Justice (**) 7 -1,032 1,040 1,046 1,047

 Department of Labor 284 3,467 3,969 37,020 40,203 40,488

 Department of State:

 Foreign Service Retirement and Disability Fund (**) 5 3 23 28 28

 Other ...... (**) (**) 15 15 15

 Department of Transportation -367 -368 30 2,343 2,342 1,975

 Department of the Treasury -60 92 208 23,842 23,993 23,933

 Department of Veterans Affairs:

 Veterans Reopened Insurance Fund -2 -9 -8 84 77 75

 Servicemen'S Group Life Insurance Fund ...... 453 (**) 301 754 754

 Other Defense Civil Programs:

 Uniformed Services Retiree Health Care Fund 5 16,180 11,688 254,176 270,352 270,357

 Office of Personnel Management:

 Postal Service Contributions -324 -1,329 -1,718 44,611 43,606 43,282

 Independent Agencies:

 Federal Deposit Insurance Corporation:

 Deposit Insurance Fund 1,282 2,040 4,571 104,015 104,773 106,056

 FSLIC Resolution Fund (**) 9 10 872 881 881

 Federal Housing Finance Agency -18 19 12 71 108 90

 National Credit Union Administration -20 1,019 306 15,736 16,775 16,755

 Postal Service 587 511 -1,663 9,341 9,264 9,852

 Tennessee Valley Authority ...... -25 (**) 25 ...... ......

 Other

 Treasury Securities -89 -263 -459 11,501 11,327 11,238

 Other -26 235 -211 8,581 8,842 8,816

 Total Treasury Securities -1,519 34,229 28,330 647,510 683,259 681,739

 Total Federal Funds -1,519 34,229 28,330 647,510 683,259 681,739

Trust Funds:

 Legislative Branch:

 Library of Congress (**) (**) (**) 23 22 23

 United States Tax Court ...... (**) (**) 13 13 13

 Other -1 3 2 29 33 32

 Judicial Branch:

 Judicial Retirement Funds -16 190 30 1,304 1,509 1,494

 Department of Agriculture ...... ...... ...... 6 6 6

 Department of Commerce 784 58 1,261 7,561 6,834 7,618

 Department of Defense--Military Programs:

 Voluntary Separation Incentive Fund 12 14 12 89 91 103

 Other -48 -47 231 1,735 1,736 1,688

 Department of Health and Human Services:

 Federal Supplementary Medical Insurance Trust Fund 20,406 11,330 11,935 104,716 95,640 116,046

 Other 6,015 -9,529 -7,462 202,509 186,966 192,981

 Department of Homeland Security -49 -42 273 8,853 8,860 8,812

 Department of the Interior 48 52 -11 36 40 88

 Department of Labor:

 Unemployment Trust Fund -4,212 -5,776 -4,219 84,361 82,797 78,585

 Other 8 9 -4 64 65 73

 Department of State:

 Foreign Service Retirement and Disability Fund -52 260 144 19,318 19,630 19,578

30
Securities Held as Investments Net Purchases or Sales (-) Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, March 2020 and Other Periods - Continued

[$ millions]

Trust Funds: - Continued

 Other (**) -1 1 46 45 45

 Department of Transportation:

 Airport and Airway Trust Fund 150 929 1,008 15,018 15,796 15,947

 Highway Trust Fund -675 -4,113 -3,434 28,192 24,754 24,079

 Department of the Treasury 392 -74 26 3,578 3,113 3,505

 Department of Veterans Affairs:

 General Post Fund, National Homes 12 (**) 9 119 107 120

 National Service Life Insurance -60 -259 -283 2,456 2,258 2,197

 United States Government Life Insurance Fund (**) (**) (**) 2 2 2

 Veterans Special Life Insurance Fund -16 -70 -56 1,357 1,303 1,287

 Corps of Engineers 59 300 1,109 9,454 9,695 9,754

 Other Defense Civil Programs:

 Military Retirement Fund 4,263 97,071 81,888 827,414 920,221 924,484

 Other -17 -52 -60 1,158 1,123 1,106

 Environmental Protection Agency -127 518 614 6,024 6,669 6,542

 National Aeronautics and Space Administration (**) -1 -1 16 15 15

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund

 Treasury Securities -4,207 -11,830 -37,511 939,703 932,079 927,873

 Employees Life Insurance Fund 3 277 919 48,199 48,472 48,475

 Employees and Retired Employees Health Benefits Fund 20 -884 649 27,802 26,899 26,918

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund -6,017 -7,815 -11,965 2,804,396 2,802,598 2,796,581

 Federal Disability Insurance Trust Fund 45 -2,892 3,455 96,520 93,582 93,627

 Independent Agencies:

 Harry S Truman Scholarship Foundation -5 -10 -1 51 46 41

 Japan-United States Friendship Commission ...... ...... -1 35 35 35

 Railroad Retirement Board

 Treasury Securities 38 -265 -120 2,606 2,303 2,341

 Other

 Treasury Securities -204 33 3 1,149 1,386 1,182

 Total Treasury Securities 16,551 67,382 38,446 5,245,914 5,296,745 5,313,296

 Total Trust Funds 16,551 67,382 38,446 5,245,914 5,296,745 5,313,296

Grand Total 15,031 101,611 66,777 5,893,424 5,980,003 5,995,035

Note: Details may not add to totals due to rounding. ... No Transactions

Note: Investments are in Treasury securities unless otherwise noted. (**) Less than absolute value of $500,000

31
Net Transactions

(-) denotes net reduction of Account Balances

asset accounts

Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, March 2020 and Other Periods

[$ millions]

Guaranteed Loan Financing Activity:

 Department of Agriculture:

 Farm Service Agency:

 Commodity Credit Corporation Export Fund -1 -33 -20 183 150 150

 Agricultural Credit Insurance Fund -4 (**) (**) -207 -203 -207

 Natural Resources Conservation Service:

 Agricultural Resource Conservation Demonstration Program ...... ...... ...... (**) (**) (**)

 Rural Housing Service:

 Rural Community Facility Loans (**) 1 -7 -42 -41 -41

 Rural Housing Insurance Fund 10 13 41 851 854 863

 Rural Business - Cooperative Service:

 Rural Business and Industry Loans 8 -18 -36 -157 -183 -175

 Renewable Energy Guaranteed Loan Account 3 -2 -7 -50 -55 -52

 Biorefinery Assistance Loan Account ...... -1 -4 -47 -49 -49

 Rural Utilities Service:

 Rural Water and Waste Disposal Fund (**) (**) (**) -25 -25 -25

 Department of Commerce:

 General Administration:

 Emergency Oil, Gas, and Steel Account ...... ...... ...... 5 5 5

 Department of Defense--Military Programs ...... ...... ...... -60 -60 -60

 Department of Education:

 Office of Student Financial Assistance:

 Federal Family Education Loans -40 -899 -447 23,825 22,965 22,925

 Department of Energy:

 Title 17 Innovative Technology Loans -48 -52 2 -126 -130 -178

 Department of Health and Human Services:

 Health Resources and Services Administration:

 Health Center Loans ...... ...... ...... -1 -1 -1

 Health Education Assitance Loans ...... ...... ...... -70 -70 -70

 Department of Housing and Urban Development:

 Public and Indian Housing Programs:

 Indian Housing Loans -1 -3 -6 -135 -137 -138

 Native Hawaiian Housing Loans (**) (**) -1 -1 -1 -1

 Community Planning and Development:

 Community Development Loans (**) (**) -1 -14 -14 -14

 Housing Programs:

 FHA-Mutual Mortgage Insurance Loans 230 1,106 3,538 19,700 20,575 20,805

 FHA-General and Special Risk Fund 210 815 1,021 -2,389 -1,785 -1,574

 Home Ownership Preservation Entity Fund (**) (**) (**) -17 -17 -17

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities -150 -902 -878 6,253 5,500 5,350

 Department of the Interior:

 Bureau of Indian Affairs and Bureau of Indian Education -1 -3 -12 -46 -48 -49

 Department of Transportation:

 Office of the Secretary:

 Minority Business Resource Center Fund ...... ...... ...... (**) (**) (**)

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund ...... ...... ...... (**) (**) (**)

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) Fund (**) 1 -30 -51 -49 -49

 Department of the Treasury:

 Departmental Offices:

 Air Transportation Stabilization Fund ...... ...... ...... (**) (**) (**)

 Troubled Assets Insurance Financing Fund ...... ...... ...... (**) (**) (**)

 Troubled Asset Relief Program ...... (**) 1 -2 -2 -2

 Department of Veterans Affairs:

 Veterans Benefits Administration:

 Veterans Housing Benefit Program Fund 2,405 2,289 3,019 -9,169 -9,285 -6,880

 International Assistance Programs:

 Agency for International Development:

32
Net Transactions

(-) denotes net reduction of Account Balances

asset accounts

Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, March 2020 and Other Periods - Continued

[$ millions]

Guaranteed Loan Financing Activity: - Continued

 Ukraine Export Credit Insurance Fund ...... ...... ...... -1,098 -1,098 -1,098

 Loan Guarantees to Israel ...... ...... ...... -1,178 -1,178 -1,178

 Urban and Environmental Credit Guaranteed Loans ...... 2 2 -39 -38 -38

 Microenterprise and Small Enterprise Development ...... ...... ...... (**) (**) (**)

 Development Credit Authority Loan Fund (**) 2 -5 -101 -99 -99

 Tunisia Loan Fund ...... ...... ...... -1,325 -1,325 -1,325

 Overseas Private Investment Corporation ...... 23 99 255 278 278

 United States International Development Finance Corporation 7 5 ...... ...... -2 5

 Small Business Administration:

 Business Loan Fund 992 820 438 -1,662 -1,834 -842

 Independent Agencies:

 Export-Import Bank of the United States -4 -19 -25 -568 -583 -587

 Net Activity, Guaranteed Loan Financing 3,617 3,144 6,683 32,488 32,014 35,632

Direct Loan Financing Activity:

 Department of Agriculture:

 Farm Service Agency:

 Agricultural Credit Insurance Fund 140 206 -202 11,550 11,616 11,756

 Farm Storage Facility Loans 3 40 53 819 857 859

 Apple Loans Fund ...... ...... ...... (**) (**) (**)

 Emergency Boll Weevil Loan Fund ...... -2 -1 3 2 2

 Rural Housing Service:

 Rural Community Facility Loans Fund -44 233 551 9,512 9,790 9,746

 Rural Housing Insurance Fund -52 -288 -288 15,735 15,498 15,447

 Multifamily Housing Revitalization Loan Account 9 24 8 416 431 440

 Rural Business - Cooperative Service:

 Rural Business and Industry Loan Fund (**) (**) (**) (**) -1 -1

 Rural Development Loan Fund -1 -12 -11 280 270 269

 Rural Economic Development Loan Fund -1 -9 7 185 178 177

 Rural Microenterprise Investment Loans (**) -1 (**) 40 39 39

 Rural Utilities Service:

 Rural Water and Waste Disposal Loans -71 -176 -19 11,857 11,753 11,681

 Rural Electrification and Telecommunications Fund 633 928 946 48,284 48,578 49,212

 Rural Telephone Bank -1 -10 -10 92 83 82

 Distance Learning and Telemedicine Program -9 -39 -40 560 529 521

 Rural Development Insurance Fund ...... ...... ...... 1,065 1,065 1,065

 Foreign Agricultural Service:

P.L. 480 Direct Loan Fund -3 -56 -57 407 354 351

International Debt Reduction (**) -4 -4 -62 -66 -66

 Department of Commerce:

 National Oceanic and Atmospheric Administration:

 Fisheries Finance -4 -12 -20 395 387 383

 Department of Defense--Military Programs -7 -44 -15 1,714 1,677 1,669

 Department of Education:

 Office of Postsecondary Education:

 College Housing and Academic Facilities Loans ...... (**) (**) 3 3 3

 Historically Black College and University Capital Financing

 Fund 9 23 63 1,320 1,334 1,343

 Office of Student Financial Assistance:

 Federal Direct Student Loans -2,413 13,230 23,778 1,177,207 1,192,849 1,190,437

 Teach Grant Loans 3 15 9 616 627 630

 Temporary Student Loan Purchase Authority -714 -3,160 -3,731 58,858 56,413 55,698

 Department of Energy:

 Advanced Technology Vehicles Manufacturing Loans -168 -315 -273 1,548 1,400 1,232

 Title 17 Innovative Technology Loans -4 828 1,628 12,737 13,569 13,565

 Department of Health and Human Services:

 Consumer Operated and Oriented Plan ...... -9 -8 126 117 117

 Consumer Operated and Oriented Plan Program Contingency Fund ...... (**) -1 55 55 55

 Department of Homeland Security:

 Disaster Assistance Loan Fund (**) -4 1 34 30 31

 Department of Housing and Urban Development:

33
Net Transactions

(-) denotes net reduction of Account Balances

asset accounts

Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, March 2020 and Other Periods - Continued

[$ millions]

Direct Loan Financing Activity: - Continued

 Housing Programs:

 Emergency Homeowners' Relief Fund (**) (**) (**) -1 -1 -1

 FHA-Mutual Mortgage Insurance Loans ...... ...... ...... (**) (**) (**)

 FHA-General and Special Risk Fund 12 322 173 2,077 2,388 2,399

 Green Retrofit Program for Multifamily Housing Fund (**) -3 -1 8 5 5

 Department of the Interior:

 Bureau of Reclamation -2 -2 ...... 30 30 29

 Bureau of Indian Affairs and Bureau of Indian Education (**) (**) (**) 2 2 2

 Assistance to American Samoa Loan Fund ...... ...... ...... 8 8 8

 Department of State:

 Administration of Foreign Affairs:

 Repatriation Loans (**) -1 -2 1 1 1

 Department of Transportation:

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund 15 -4,038 306 19,332 15,279 15,294

 Tiger Tifia Loan Fund ...... -1 -1 58 58 58

 Federal Railroad Administration:

 Railroad Rehabilitation and Improvement Loan Fund -2 -38 3 1,070 1,035 1,032

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) FFB Financing Account (**) (**) ...... ...... ...... (**)

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund 22 51 189 1,110 1,138 1,161

 GSE Mortgage-Backed Securities Purchase Program ...... ...... ...... 4,613 4,613 4,613

 Temporary Credit and Liquidity Program -85 -809 -261 3,644 2,920 2,835

 Troubled Asset Relief Program (**) -3 9 -43 -46 -46

 Small Business Lending Program ...... -3 -15 53 50 50

 Bureau of the Fiscal Service ...... ...... ...... (**) (**) (**)

 Department of Veterans Affairs:

 Veterans Benefits Administration:

 Veterans Housing Benefit Program Fund 14 16 -16 389 391 405

 Native American Veteran Housing Fund -2 -2 -2 68 68 66

 Transitional Housing Loans (**) (**) (**) (**) (**) (**)

 Vocational Rehabilitation Loan Fund (**) (**) (**) (**) (**) (**)

 Environmental Protection Agency:

 Water Infrastructure Finance and Innovation Loan Program 1 164 (**) (**) 163 164

 International Assistance Programs:

 International Security Assistance:

 Foreign Military Loan Program ...... -405 437 2,432 2,028 2,028

 Military Debt Reduction ...... ...... ...... 36 36 36

 Agency for International Development:

 International Debt Reduction ...... -26 -26 -146 -172 -172

 Overseas Private Investment Corporation (**) 42 58 2,860 2,902 2,902

 International Monetary Programs ...... ...... ...... -278 -278 -278

 United States International Development Finance Corporation 22 -79 ...... ...... -101 -79

 Small Business Administration:

 Business Loan Fund 2 1 -5 172 172 174

 Disaster Loan Fund 42 -235 385 8,252 7,976 8,018

 Independent Agencies:

 Export-Import Bank of the United States -352 -1,827 -1,667 13,831 12,356 12,004

 Federal Communications Commission:

 Spectrum Auction Loan Fund ...... ...... (**) (**) (**) (**)

 Net Activity, Direct Loan Financing -3,008 4,510 21,928 1,414,936 1,422,455 1,419,446

net present value in accordance with the Credit Reform Act of 1990. Unreimbursed

costs such as administrative expenses and subsidy payments are reported on a

cash basis and included within each program's budgetary totals in Table 5.

... No Transactions

(**) Less than absolute value of $500,000

Note: Details may not add to totals due to rounding.

Note: Federal credit programs provide benefits to the public in the form of

direct loans and loan guarantees. This table reflects cash transactions and

balances of the nonbudgetary financing fund accounts that result from the

disbursement of loans, collection of fees, repayment of principal, sale of

collateral, interest, and subsidy received from the credit program accounts at

34
Classification June July Aug. Sept.

Fiscal

Year to

Date

Comparable

Period

Prior F.Y.

Oct. Nov. Dec. Jan. Feb. March April May

Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 2020

[$ millions]

Receipts:

 Individual Income Taxes 126,389 105,764 152,706 216,660 69,626 98,316 769,460 723,828

 Corporation Income Taxes 6,571 532 58,311 10,492 -2,041 10,390 84,254 67,987

 Social Insurance and Retirement Receipts:

 Employment and General Retirement 86,671 93,654 102,399 117,604 97,239 107,165 604,732 572,902

 Unemployment Insurance 2,757 2,596 248 3,019 2,279 296 11,195 11,617

 Other Retirement 389 486 449 422 400 405 2,551 2,312

 Excise Taxes 6,037 7,513 7,017 6,308 6,685 6,415 39,974 49,399

 Estate and Gift Taxes 1,691 1,239 1,698 2,361 1,584 1,217 9,789 8,290

 Customs Duties 7,757 6,940 6,449 6,918 6,286 4,815 39,165 34,694

 Miscellaneous Receipts 7,260 6,461 6,529 8,506 5,892 7,749 42,396 36,264

 Total--Receipts This Year 245,521 225,185 335,805 372,288 187,951 236,766 1,603,516 ......

 (On-Budget) 181,095 155,648 259,671 281,546 112,136 153,068 1,143,164 ......

 (Off-Budget) 64,426 69,537 76,135 90,742 75,815 83,698 460,353 ......

 Total--Receipts Prior Year 252,692 205,961 312,584 339,980 167,265 228,811 ...... 1,507,293

 (On-Budget) 190,915 139,336 242,999 253,837 95,390 149,414 ...... 1,071,891

 (Off-Budget) 61,777 66,625 69,585 86,143 71,875 79,397 ...... 435,402

Outlays:

 Legislative Branch 504 303 586 460 385 455 2,694 2,422

 Judicial Branch 713 776 677 689 631 701 4,188 3,940

 Department of Agriculture:

 Commodity Credit Corporation 5,774 6,662 3,145 845 3,172 -75 19,522 18,370

 Foreign Agricultural Service 297 147 154 170 221 125 1,115 985

 Other 13,022 11,759 11,763 10,210 10,079 11,179 68,012 66,284

 Department of Commerce 963 2,359 1,291 1,012 993 1,200 7,818 5,978

 Department of Defense--Military Programs:

 Military Personnel 28,921 14,024 12,271 11,838 12,061 7,429 86,544 84,324

 Operation and Maintenance 21,805 21,315 23,294 23,443 21,683 25,018 136,557 130,025

 International Reconstruction and Other

 Assistance ...... ...... ...... ...... 2 2 3 6

 Procurement 8,404 14,858 13,029 8,838 10,928 14,186 70,243 59,888

 Research, Development, Test, and Evaluation 7,690 7,430 9,703 5,952 6,659 10,789 48,222 43,987

 Military Construction 862 583 668 521 611 864 4,108 3,825

 Family Housing 84 67 97 79 97 89 512 508

 Revolving and Management Funds 258 1,241 981 -92 551 -317 2,621 3,564

 Other 209 556 -1,000 -224 30 -204 -633 -601

 Total Department of Defense--Military Programs 68,233 60,073 59,042 50,354 52,622 57,855 348,178 325,525

 Department of Education 8,094 4,772 4,785 9,839 9,295 6,366 43,152 40,685

 Department of Energy 3,109 2,639 2,226 2,830 2,348 2,876 16,027 13,634

 Department of Health and Human Services:

 National Institutes of Health 3,179 3,110 3,002 2,932 3,059 3,240 18,522 17,424

 Centers for Medicare and Medicaid Services:

 Grants to States for Medicaid 34,777 33,243 32,932 34,760 37,235 34,664 207,610 197,951

 Federal Hospital Insurance Trust Fund 27,210 35,953 18,135 39,218 27,307 19,671 167,495 158,040

 Federal Supplementary Medical Insurance

 Trust Fund 38,895 57,493 19,585 59,190 35,558 19,186 229,907 214,238

 Other 34,196 30,045 30,051 38,169 31,681 30,456 194,598 183,297

 Administration for Children and Families 4,848 5,527 4,594 4,908 4,637 5,255 29,768 27,582

 Other -37,714 -33,291 -36,428 -44,759 -37,500 -38,945 -228,638 -215,041

 Department of Homeland Security 4,884 5,053 5,450 4,563 4,299 4,776 29,025 29,625

 Department of Housing and Urban Development 3,836 3,798 4,056 3,667 3,753 4,452 23,562 22,504

 Department of the Interior 1,251 900 1,467 1,255 856 1,632 7,362 6,551

 Department of Justice 3,135 2,778 3,024 3,671 364 3,534 16,507 17,129

 Department of Labor:

 Unemployment Trust Fund 2,285 2,079 2,941 3,407 3,090 4,659 18,461 16,838

 Other -5,653 1,278 2,206 1,475 265 990 561 150

 Department of State 2,251 3,377 2,733 2,411 2,213 2,760 15,745 14,114

 Department of Transportation:

 Highway Trust Fund 4,742 3,683 3,153 2,528 2,998 3,345 20,450 18,659

 Other 2,728 2,810 3,380 2,915 4,007 2,927 18,767 16,304

 Department of the Treasury:

 Interest on Treasury Debt Securities (Gross) 30,319 35,643 94,225 33,903 34,891 40,471 269,452 259,687

35
Classification June July Aug. Sept.

Fiscal

Year to

Date

Comparable

Period

Prior F.Y.

Oct. Nov. Dec. Jan. Feb. March April May

Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 2020 - Continued

[$ millions]

Outlays: - Continued

 Other 8,903 6,937 9,272 6,375 60,060 22,626 114,172 98,637

 Department of Veterans Affairs:

 Compensation and Pensions 8,604 16,622 8,841 8,955 9,627 1,006 53,655 48,758

 National Service Life 54 49 37 63 43 58 305 339

 Other 8,937 10,481 8,136 8,964 8,128 6,230 50,876 47,535

 Corps of Engineers 710 684 785 731 663 795 4,368 3,429

 Other Defense Civil Programs 5,354 10,121 5,360 6,191 5,026 515 32,567 32,599

 Environmental Protection Agency 831 829 777 826 707 690 4,661 4,415

 Executive Office of the President 33 33 33 32 32 33 196 195

 General Services Administration 46 -54 -17 -27 400 -3 345 -548

 International Assistance Programs:

 International Security Assistance 513 2,093 1,100 3,526 426 505 8,162 8,244

 Multilateral Assistance (**) 1 235 46 3 1,489 1,774 309

 Agency for International Development 1,095 816 626 457 728 730 4,452 3,540

 Other -176 -564 -2,667 -1,540 285 2,649 -2,014 -5,494

 National Aeronautics and Space Administration 1,715 1,793 2,346 1,318 1,489 1,864 10,524 9,740

 National Science Foundation 679 595 549 578 535 538 3,474 3,358

 Office of Personnel Management 9,587 8,470 8,102 9,445 9,062 8,988 53,654 50,851

 Small Business Administration 81 81 104 85 102 -1,056 -603 -96

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust

 Fund (Off-Budget) 76,709 76,640 76,503 78,344 78,476 79,020 465,692 438,531

 Federal Disability Insurance Trust Fund

 (Off-Budget) 12,285 12,259 11,774 12,402 12,262 12,540 73,523 73,492

 Other 4,688 9,303 4,896 4,820 4,896 309 28,912 28,404

 Independent Agencies:

 Deposit Insurance Fund 367 124 -989 266 -631 -1,312 -2,175 -4,391

 FSLIC Resolution Fund -2 -1 -2 -1 -1 (**) -8 -10

 Postal Service:

 Off-Budget:

 Public Enterprise Funds 545 788 -690 -696 -91 -459 -603 -824

 Other 38 20 1 208 ...... ...... 267 265

 Other ...... ...... ...... 57 ...... ...... 57 55

 Tennessee Valley Authority -188 -95 36 -180 -302 428 -301 -692

 Other 2,399 2,532 2,658 2,105 3,428 4,115 17,238 18,221

 Undistributed Offsetting Receipts:

 Employer Share, Employee Retirement -22,480 -7,025 -7,112 -6,895 -6,741 -6,760 -57,012 -52,372

 Interest Received by Trust Funds 3,223 -2,183 -59,103 -1,716 -3,729 -2,767 -66,275 -66,491

 Rents and Royalties on the Outer Continental

 Shelf Lands -441 -295 -672 -480 -115 -631 -2,634 -3,253

 Other (**) (**) (**) (**) (**) (**) -1 -1,155

 Totals This Year:

 Total Outlays 379,988 434,024 349,091 404,883 423,229 355,891 2,347,107 ......

 (On-Budget) 300,962 345,901 302,065 326,440 334,290 266,547 1,876,205 ......

 (Off-Budget) 79,026 88,122 47,026 78,443 88,939 89,344 470,901 ......

 Total-Surplus (+) or Deficit (-) -134,467 -208,838 -13,286 -32,595 -235,278 -119,125 -743,590 ......

 (On-Budget) -119,867 -190,253 -42,394 -44,894 -222,155 -113,479 -733,041 ......

 (Off-Budget) -14,600 -18,585 29,108 12,299 -13,124 -5,646 -10,549 ......

 Total Borrowing from the Public 159,836 125,462 65,767 41,898 200,119 267,964 861,047 443,414

 Total-Outlays Prior Year 353,183 410,864 326,123 331,299 401,243 375,756 ...... 2,198,468

 (On-Budget) 279,122 328,697 284,536 256,096 316,103 290,478 ...... 1,755,032

 (Off-Budget) 74,061 82,166 41,588 75,203 85,140 85,278 ...... 443,435

 Total-Surplus (+) or Deficit (-) Prior Year -100,491 -204,903 -13,539 8,681 -233,977 -146,945 ...... -691,174

 (On-Budget) -88,207 -189,361 -41,537 -2,259 -220,713 -141,064 ...... -683,141

 (Off-Budget) -12,284 -15,541 27,997 10,940 -13,265 -5,881 ...... -8,034

Note: Details may not add to totals due to rounding. (**) Less than absolute value of $500,000

... No Transactions

36
This Month

Excess Beginning of

This Year This Month

Close of

This Month

Fiscal Year to Date Securities Held as Investments

Current Fiscal Year

Classification

Receipts Outlays Excess Receipts Outlays

Table 8. Trust Fund Impact on Budget Results and Investment Holdings as of March 31, 2020

[$ millions]

Trust Receipts, Outlays, and Investments Held:

 Airport and Airway 1,293 1,104 189 9,602 8,751 851 15,018 15,796 15,947

 Black Lung Disability 24 24 (**) 102 106 -4 ...... ...... ......

 Federal Disability Insurance 12,447 12,540 -93 70,540 73,523 -2,983 96,520 93,582 93,627

 Federal Employees Life and Health ...... -24 24 ...... 536 -536 76,001 75,371 75,394

 Federal Employees Retirement 3,374 7,642 -4,268 34,531 45,910 -11,380 960,338 953,231 948,957

 Federal Hospital Insurance 25,977 19,801 6,176 158,747 168,375 -9,628 ...... ...... ......

 Federal Old-Age and Survivors Insurance 73,008 79,020 -6,012 457,790 465,692 -7,902 2,804,396 2,802,598 2,796,581

 Federal Supplementary Medical Insurance 40,081 19,186 20,895 240,163 229,907 10,256 104,716 95,640 116,046

 Hazardous Substance Superfund 81 162 -81 1,268 767 501 5,251 5,834 5,696

 Highways 3,229 4,185 -956 20,100 25,825 -5,726 28,192 24,754 24,079

 Military Advances 1,053 3,564 -2,511 20,457 17,912 2,544 ...... ...... ......

 Military Retirement 4,357 445 3,912 118,543 31,002 87,541 827,414 920,221 924,484

 Railroad Retirement -400 1,303 -1,704 4,680 7,756 -3,076 2,606 2,303 2,341

 Unemployment 1,329 4,673 -3,344 13,398 18,543 -5,145 84,361 82,797 78,585

 Veterans Life Insurance 3 77 -74 64 395 -331 3,815 3,563 3,486

 All Other Trust 401 517 -116 3,483 2,859 624 237,286 221,053 228,072

 Total Trust Fund Receipts and Outlays and Investments

 Held from Table 6-D 166,255 154,219 12,036 1,153,467 1,097,860 55,607 5,245,914 5,296,745 5,313,296

 Less: Interfund Transactions 53,450 53,450 ...... 503,761 503,761 ...... ...... ...... ......

 Trust Fund Receipts and Outlays on the Basis of

 Tables 4 & 5 112,805 100,769 12,036 649,706 594,099 55,607

Total Federal Fund Receipts and Outlays 124,012 255,173 -131,161 954,120 1,753,317 -799,197

 Less: Interfund Transactions 51 51 ...... 309 309 ......

 Federal Fund Receipts and Outlays on the Basis of

 Table 4 & 5 123,961 255,122 -131,161 953,811 1,753,008 -799,197

Net Budget Receipts & Outlays 236,766 355,891 -119,125 1,603,516 2,347,107 -743,590

Note: Details may not add to totals due to rounding. against budget outlays. In this table, Interfund receipts are shown as an

Note: Interfund receipts and outlays are transactions between Federal funds and adjustment to arrive at total receipts and outlays of trust funds respectively.

trust funds such as Federal payments and contributions, and interest and profits ... No Transactions

on investments in Federal securities. They have no net effect on overall budget (**) Less than absolute value of $500,000

receipts and outlays since the receipt side of such transactions is offset

37
Classification This Month Fiscal Year

to Date

Comparable Period

Prior Fiscal Year

Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, March 2020 and Other Periods

[$ millions]

Receipts

 Individual Income Taxes 98,316 769,460 723,828

 Corporation Income Taxes 10,390 84,254 67,987

 Social Insurance and Retirement Receipts:

 Employment and General Retirement 107,165 604,732 572,902

 Unemployment Insurance 296 11,195 11,617

 Other Retirement 405 2,551 2,312

 Excise Taxes 6,415 39,974 49,399

 Estate and Gift Taxes 1,217 9,789 8,290

 Customs Duties 4,815 39,165 34,694

 Miscellaneous Receipts 7,749 42,396 36,264

 Total 236,766 1,603,516 1,507,293

Net Outlays

 National Defense 61,607 366,226 341,964

 International Affairs 8,249 29,018 21,421

 General Science, Space, and Technology 2,782 16,689 15,605

 Energy 1,259 3,345 317

 Natural Resources and Environment 3,705 21,381 18,050

 Agriculture 1,326 30,846 30,044

 Commerce and Housing Credit -3,564 7,320 -11,788

 Transportation 7,175 47,179 42,954

 Community and Regional Development 3,169 13,902 15,913

 Education, Training, Employment, and Social Services 9,607 60,046 56,281

 Health 50,048 300,405 285,497

 Medicare 25,131 329,733 309,479

 Income Security 46,533 293,874 289,949

 Social Security 91,485 539,111 511,952

 Veterans Benefits and Services 7,185 104,965 96,793

 Administration of Justice 6,013 34,846 32,680

 General Government 3,793 8,391 7,845

 Net Interest 37,780 199,476 190,292

 Undistributed Offsetting Receipts -7,391 -59,646 -56,780

 Total 355,891 2,347,107 2,198,468

Note: Details may not add to totals due to rounding.

38
Explanatory Notes 

1. Flow of Data into Monthly Treasury Statement

The Monthly Treasury Statement (MTS) is assembled from data in the

central accounting system. The major sources of data include monthly

accounting reports by Federal entities and disbursing officers, and daily 

reports from the Federal Reserve banks. These reports detail accounting

transactions affecting receipts and outlays of the Federal Government and

off-budget Federal entities, and their related effect on the assets and

liabilities of the U.S. Government. Information is presented in the MTS on

a modified cash basis. 

2. Notes on Receipts 

Receipts included in the report are classified into the following major

categories: (1) budget receipts and (2) offsetting collections (also called

applicable receipts). Budget receipts are collections from the public that

result from the exercise of the Government's sovereign or governmental

powers, excluding receipts offset against outlays. These collections, also 

called governmental receipts, consist mainly of tax receipts (including

social insurance taxes), receipts from court fines, certain licenses, and

deposits of earnings by the Federal Reserve System. Refunds of receipts

are treated as deductions from gross receipts. 

Offsetting collections are from other Government accounts or the public

that are of a business-type or market-oriented nature. They are classified 

into two major categories: (1) offsetting collections credited to

appropriations or fund accounts, and (2) offsetting receipts (i.e., amounts

deposited in receipt accounts). Collections credited to appropriation or

fund accounts normally can be used without appropriation action by

Congress. These occur in two instances: (1) when authorized by law,

amounts collected for materials or services are treated as 

reimbursements to appropriations and (2) in the three types of revolving

funds (public enterprise, intra governmental, and trust); collections are

netted against spending, and outlays are reported as the net amount. 

Offsetting receipts in receipt accounts cannot be used without being

appropriated. They are subdivided into two categories: (1) proprietary

receipts - these collections are from the public and they are offset against 

outlays by agency and by function, and (2) intra governmental funds -

these are payments into receipt accounts from Governmental

appropriation or fund accounts. The transactions may be intrabudgetary

when the payment and receipt both occur within the budget or from

receipts from off-budget Federal entities in those cases where payment is 

made by a Federal entity whose budget authority and outlays are excluded

from the budget totals. 

Intrabudgetary transactions are subdivided into three categories: (1)

interfund transactions, where the payments are from one fund group

(either Federal funds or trust funds) to a receipt account in the other fund

group; (2) Federal intrafund transactions, where the payments and 

receipts both occur within the Federal fund group; and (3) trust intrafund

transactions, where the payments and receipts both occur within the trust

fund group. 

Offsetting receipts are generally deducted from budget authority and

outlays by function, by subfunction, or by agency. There are four types of

receipts, however, that are deducted from budget totals as undistributed 

offsetting receipts. They are: (1) agencies' payments (including payments

by off-budget Federal entities) as employers into employees retirement

funds, (2) interest received by trust funds, (3) rents and royalties on the

Outer Continental Shelf lands, and (4) other interest (i.e., interest collected

on Outer Continental Shelf money in deposit funds when such money is

transferred into the budget). 

3. Notes on Outlays

Outlays are generally accounted for on the basis of checks issued,

electronic funds transferred, or cash payments made. Certain outlays do

not require issuance of cash or checks. An example is charges made

against appropriations for that part of employees' salaries withheld for 

taxes or savings bond allotments - these are counted as payments to the

employee and credits for whatever purpose the money was withheld.

Outlays are stated net of offsetting collections (including receipts of

revolving and management funds) and of refunds. Interest on the public

debt (public issues) is recognized on the accrual basis. Federal credit 

programs subject to the Federal Credit Reform Act of 1990 use the cash 

basis of accounting and are divided into two components. The portion of

the credit activities that involve a cost to the Government (mainly

subsidies) is included within the budget program accounts. The remaining

portion of the credit activities are in non-budget financing accounts.

Outlays of off-budget Federal entities are excluded by law from budget

totals. However, they are shown separately and combined with the onbudget outlays to display total Federal outlays. 

4. Processing

The data on payments and collections are reported by account symbol

into the central accounting system. In turn, the data are extracted from 

this system for use in the preparation of the MTS. 

There are two major checks which are conducted to assure consistency

of the data reported: 

1. Verification of payment data. The monthly payment activity reported by

Federal entities on the Statements of Transactions is compared to the

payment activity of Federal entities as reported by disbursing officers.

2. Verification of collection data. Reported collections appearing on

Statements of Transactions are compared to deposits as reported by

Federal Reserve Banks. 

5. Other Sources of Information About Federal Government Financial

Activities

x A Glossary of Terms Used in the Federal Budget Process, 2005

(Available from the U.S. Government Accountability Office, at calling

202-512-6000. This glossary provides a basic reference document

of standardized definitions of terms used by the Federal Government

in the budget making process). 

x Daily Treasury Statement (Available on the internet at

http://www.fms.treas.gov/dts/). The Daily Treasury Statement is

published each working day of the Federal Government and provides

data on the cash and debt operations of the Treasury. 

x Monthly Statement of the Public Debt of the United States (Available

on the internet at http://www.treasurydirect.gov/govt/reports/pd/

mspd/mspd.htm). This publication provides detailed information

concerning the public debt. 

x Treasury Bulletin (Available from GPO, Washington, D.C. 20401 on a

subscription or single copy and on the internet at

http://www.fiscal.treasury.gov/fsreports/rpt/treasBulletin/treasBulle

tin_home.htm). Quarterly, contains a mix of narrative, tables, and

charts on Treasury issues, Federal financial operations, international

statistics, and special reports. 

x Budget of the United States Government, Fiscal Year 20__ (Available

from GPO, Washington, D.C. 20401 on a subscription basis only and

on the internet at http://www.access.gpo.gov/usbudget). This

publication is a single volume which provides budget information and

contains: 

- Appendix, The Budget of the United States Government, FY

20

- The United States Budget in Brief, FY 20

- Analytical Perspectives

- Historical Tables

x Combined Statement of Receipts, Outlays, and Balances of the

United States Government (Available from Bureau of the Fiscal

Service, U.S. Department of Treasury, Washington, D.C. 20227 and

on the internet at http://www.fiscal.treasury.gov/fsreports/rpt/

combStmt/combStmt_home.htm). This report includes budgetary

results at the summary level and presents individual receipt and

appropriation accounts at the detail level. 

39
Scheduled Release

The release date for the $SULO 20 Statement 

will be 2:00 p.m. EST 0D\  20.

Internet service subscribers can access the current issue of the Monthly Treasury Statement through the

Bureau of the Fiscal Service’s website:

http://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mthTreasStmt_home.htm