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 May 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

Department of Labor outlays were $94 billion driven by expanded unemployment benefits. 

Prior to April 2020 ($46 billion), the previous high was $17B in March 2010.

May has been a deficit month 65 times out of 66 fiscal years, since there are no major 

corporate or individual tax due dates in this month.
4

Total Receipts

$174 Billion

Total Outlays

$573 Billion

Receipts by Source: Outlays by Function:

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

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

Total Receipts

$2,019 Billion

Total Outlays

$3,900 Billion

Receipts by Source: Outlays by Function:

Deficit

$1,880 Billion

Deficit

$399 Billion

Source data: Table 9

Social Insurance & Retirement $112 billion

Individual Income Taxes $48 Billion 

Miscellaneous 

$4 Billion 

Corporation Income Taxes

$3 Billion 

Excise Taxes 

$9 Billion 

$.7 Billion 

$-2 Billion 

Customs Duties

Estate and Gift Taxes

$92 Billion Social Security

National Defense

$184 Billion 

$79 Billion Health

Income Security

$61 Billion 

$50 Billion Medicare

$16 Billion 

$34 Billion 

Transportation

Other

$20 Billion 

$26 Billion Net Interest

$11 Billion 

Social Insurance & Retirement $870 Billion 

Individual Income Taxes $892 Billion 

Miscellaneous 

$70 Billion 

Excise Taxes 

$47 Billion 

Corporation Income Taxes 

$86 Billion 

$43 Billion 

$11 Billion 

Customs Duties

Estate and Gift Taxes

$723 Billion Social Security

$485 Billion National Defense

Health

$786 Billion Income Security

$532 Billion Medicare

$479 Billion 

$159 Billion 

$143 Billion 

$261 Billion Net Interest

General Government

Veterans' Benefits & Services

Transportation

Other

$85 Billion 

$246 Billion 

Veterans'Benefits & Services

Education
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 187,951 423,229 235,278

 March 236,766 355,754 118,988

 April 241,863 1979,885 738,022

 May 173,861 572,682 398,821

 Year-to-Date 2,019,240 3,899,536 1,880,296

1 Outlays increased by $172 million due to additional reporting by the Department Note: Details may not add to totals due to rounding.

of the Interior and the Department of Health and Human Services.

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, May 2020 and Other Periods

[$ millions]

Total On-Budget and Off-Budget Results:

 Total Receipts 173,861 2,019,240 3,706,327 2,274,902 3,863,293

 On-Budget Receipts 96,428 1,381,643 2,739,254 1,669,857 2,852,257

 Off-Budget Receipts 77,433 637,597 967,073 605,046 1,011,036

 Total Outlays 572,682 3,899,536 4,789,746 3,013,541 4,829,359

 On-Budget Outlays 481,710 3,258,625 3,829,949 2,407,006 3,811,118

 Off-Budget Outlays 90,972 640,912 959,797 606,535 1,018,241

 Total Surplus (+) or Deficit (-) -398,821 -1,880,296 -1,083,419 -738,638 -966,066

 On-Budget Surplus (+) or Deficit (-) -385,282 -1,876,981 -1,090,695 -737,149 -958,861

 Off-Budget Surplus (+) or Deficit (-) -13,539 -3,315 +7,276 -1,489 -7,205

 Total On-Budget and Off-Budget Financing 398,821 1,880,296 1,083,419 738,638 966,066

Means of Financing:

 Borrowing from the Public 759,988 3,007,563 1,080,435 440,717 1,030,904

 Reduction of Operating Cash, Increase (-) -269,095 -1,066,646 151,838 ......

 By Other Means -92,072 -60,620

-2,517

5,500 146,083 -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

Apr

May

($1,000B)

($600B)

($200B)

$200B

$600B

($1,000B)

($600B)

($200B)

$200B

$600B

2019 2020

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

$1,000B

$2,000B

$3,000B

$4,000B

($4,000B)

($3,000B)

($2,000B)

($1,000B)

($2,000B)

($1,000B)

$0B

$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

$0B

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

$86B$70B

$58B

$43B

$892B

$870B

Fiscal Year 2020 to Date: $2,019B

2019 2020

Oct

NovDec

Jan

Feb

Mar

Apr

May

Jun

Jul

AugSep

Oct

NovDec

Jan

Feb

Mar

Apr

May

$0B

$50B

$100B

$150B

$200B

$250B

$300B

$350B

$400B

$450B

$500B

$550B

Receipt Amount

($2B)$9B $5B

$3B

$48B

$112B

Month of May 2020: $174B

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

Miscellaneous Receipts

Other

Corporation Income Taxes

Excise Taxes

Individual Income Taxes

Social Insurance and Retirement Receipts

Corporation Income Taxes

Miscellaneous Receipts

Other

Excise 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

$92B

$50B

$26B

$80B

$184B

$61B

$79B

Month of May 2020: $573B

$723B

$532B

$479B $786B

$485B

$261B

$633B

Fiscal Year 2020 to Date: $3,900B

2019 2020

Oct

NovDec

Jan

Feb

Mar

Apr

May

Jun

Jul

AugSep

Oct

NovDec

Jan

Feb

Mar

Apr

May

$0B

$100B

$200B

$300B

$400B

$500B

$600B

$700B

$800B

$900B

$1,000B

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, May 2020 and Other Periods

[$ millions]

Budget Receipts

 Individual Income Taxes 47,760 892,477 1,160,328 1,812,040

 Corporation Income Taxes -1,795 86,399 113,086 263,642

 Social Insurance and Retirement Receipts:

 Employment and General Retirement (Off-Budget) 77,433 637,597 605,046 967,073

 Employment and General Retirement (On-Budget) 22,096 196,646 187,829 297,713

 Unemployment Insurance 11,720 31,979 33,009 42,004

 Other Retirement 505 3,458 3,158 5,236

 Excise Taxes 2,701 43,028 64,085 94,593

 Estate and Gift Taxes 736 10,538 11,348 20,389

 Customs Duties 3,833 47,112 44,866 92,304

 Miscellaneous Receipts 8,871 70,007 52,149 111,333

 Total Receipts 173,861 2,019,240 2,274,902 3,706,327

 (On-Budget) 96,428 1,381,643 1,669,857 2,739,254

 (Off-Budget) 77,433 637,597 605,046 967,073

Budget Outlays

 Legislative Branch 443 3,521 3,254 6,048

 Judicial Branch 776 5,632 5,374 8,580

 Department of Agriculture 12,512 111,466 105,182 154,617

 Department of Commerce 1,202 10,498 7,753 17,124

 Department of Defense--Military Programs 58,453 461,912 439,296 689,589

 Department of Education 8,929 57,886 52,323 159,297

 Department of Energy 2,690 21,379 18,753 34,351

 Department of Health and Human Services 128,708 2997,981 834,346 1,322,128

 Department of Homeland Security 6,031 40,543 38,650 62,152

 Department of Housing and Urban Development 4,797 32,452 13,335 36,049

 Department of the Interior 1,162 310,506 8,620 17,458

 Department of Justice 2,817 24,968 23,163 45,277

 Department of Labor 93,869 162,411 23,642 36,390

 Department of State 1,658 20,262 19,055 32,169

 Department of Transportation 9,839 56,537 46,455 84,659

 Department of the Treasury:

 Interest on Treasury Debt Securities (Gross) 26,503 336,959 354,068 576,465

 Other 71,967 578,237 122,950 124,576

 Department of Veterans Affairs 19,491 142,945 140,928 214,336

 Corps of Engineers 326 5,782 4,272 5,543

 Other Defense Civil Programs 5,875 43,456 45,238 64,521

 Environmental Protection Agency 753 6,051 5,621 7,498

 Executive Office of the President 44 271 272 440

 General Services Administration -226 -8 -514 1,222

 International Assistance Programs 1,205 16,078 16,477 25,670

 National Aeronautics and Space Administration 1,862 14,012 13,132 21,545

 National Science Foundation 541 4,537 4,466 7,504

 Office of Personnel Management 7,815 70,754 68,613 106,405

 Small Business Administration 10,844 25,608 90 -158

 Social Security Administration 97,130 761,838 730,000 1,155,231

 Independent Agencies 1,531 21,161 17,632 27,498

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

 Undistributed Offsetting Receipts:

 Interest 535 -72,053 -77,863 -145,570

 Other -7,401 -74,046 -71,040 -109,232

 Total Outlays 572,682 3,899,536 3,013,541 4,789,746

 (On-Budget) 481,710 3,258,625 2,407,006 3,829,949

 (Off-Budget) 90,972 640,912 606,535 959,797

 Surplus (+) or Deficit (-) -398,821 -1,880,296 -738,638 -1,083,419

 (On-Budget) -385,282 -1,876,981 -737,149 -1,090,695

 (Off-Budget) -13,539 -3,315 -1,489 +7,276

1 These estimates are based on the FY 2021 Budget, released by the Office of 3 Outlays increased by $35 million due to additional reporting for the month of

Management and Budget on February 10, 2020. April 2020.

2 Outlays increased by $137 million due to additional reporting for the month of Note: Details may not add to totals due to rounding.

April 2020. ... 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, May 2020 and Other Periods

[$ millions]

Individual Income Taxes

 Withheld 72,199 899,937 926,710

 Presidential Election Campaign Fund 1 16 23

 Other 11,783 186,881 461,874

 Total -- Individual Income Taxes 83,984 36,224 47,760 1,086,834 194,357 892,477 1,388,607 228,279 1,160,328

Corporation Income Taxes 2,402 4,197 -1,795 114,833 28,434 86,399 147,974 34,888 113,086

Social Insurance and Retirement Receipts:

 Employment and General Retirement:

 Federal Old-Age and Survivors Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 65,339 ...... 65,339 515,396 ...... 515,396 481,440 ...... 481,440

 Self-Employment Contributions Act Taxes 854 ...... 854 28,174 ...... 28,174 26,039 ...... 26,039

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

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

 Total -- Federal Old-Age and Survivors Insurance Trust Fund 66,193 ...... 66,193 544,965 ...... 544,965 506,127 ...... 506,127

 Federal Disability Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 11,095 ...... 11,095 87,520 ...... 87,520 93,392 ...... 93,392

 Self-Employment Contributions Act Taxes 145 ...... 145 4,782 ...... 4,782 5,846 ...... 5,846

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

 Adjustments Attributable to Prior Years-SECA ...... ...... ...... -42 ...... -42 -267 ...... -267

 Total -- Federal Disability Insurance Trust Fund 11,240 ...... 11,240 92,632 ...... 92,632 98,919 ...... 98,919

 Federal Hospital Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 21,366 ...... 21,366 180,130 ...... 180,130 172,116 ...... 172,116

 Self-Employment Contributions Act Taxes 376 ...... 376 12,671 ...... 12,671 12,257 ...... 12,257

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

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

 Total -- Federal Hospital Insurance Trust Fund 21,742 ...... 21,742 193,051 ...... 193,051 183,704 ...... 183,704

 Railroad Retirement:

 Rail Pension and Supplemental Annuity 198 2 197 1,973 67 1,905 2,180 2 2,178

 Social Security Equivalent Account 159 1 158 1,758 68 1,690 1,949 2 1,947

 Total -- Employment and General Retirement 99,533 3 99,529 834,379 136 834,243 792,879 4 792,875

 Unemployment Insurance:

 Deposits by States 11,608 ...... 11,608 26,390 ...... 26,390 27,543 ...... 27,543

 Federal Unemployment Taxes 115 3 112 5,601 83 5,518 5,554 188 5,366

 Railroad Unemployment Taxes 1 ...... 1 71 ...... 71 100 ...... 100

 Total -- Unemployment Insurance 11,724 3 11,720 32,062 83 31,979 33,197 188 33,009

 Other Retirement:

 Federal Employees' Retirement--Employee Share 504 ...... 504 3,439 ...... 3,439 3,139 ...... 3,139

 Non-Federal Employees Retirement 2 ...... 2 19 ...... 19 19 ...... 19

 Total -- Other Retirement 505 ...... 505 3,458 ...... 3,458 3,158 ...... 3,158

 Total -- Social Insurance and Retirement Receipts 111,761 6 111,755 869,899 219 869,680 829,234 193 829,041

Excise Taxes:

 Miscellaneous Excise Taxes 3,019 430 2,589 15,936 5,748 10,189 32,100 4,383 27,717

 Airport and Airway Trust Fund -563 9 -571 9,115 16 9,100 9,893 9 9,884

 Highway Trust Fund 719 44 675 23,854 245 23,609 26,572 246 26,326

 Black Lung Disability Trust Fund 8 ...... 8 131 ...... 131 159 ...... 159

 Total -- Excise Taxes 3,183 483 2,701 49,036 6,008 43,028 68,723 4,638 64,085

Estate and Gift Taxes 742 6 736 10,928 391 10,538 12,013 665 11,348

Customs Duties 4,460 627 3,833 50,972 3,860 47,112 46,486 1,620 44,866

Miscellaneous Receipts:

 Deposit of Earnings, Federal Reserve System 7,587 ...... 7,587 48,601 ...... 48,601 35,303 ...... 35,303

 Universal Service Fund 594 ...... 594 5,754 ...... 5,754 6,469 ...... 6,469

 All Other 692 1 691 15,677 25 15,652 10,402 26 10,377

 Total -- Miscellaneous Receipts 8,872 1 8,871 70,032 25 70,007 52,174 26 52,149

Total -- Receipts 215,405 41,544 173,861 2,252,534 233,294 2,019,240 2,545,210 270,308 2,274,902

 Total -- On-Budget 137,972 41,544 96,428 1,614,937 233,294 1,381,643 1,940,164 270,308 1,669,857

 Total -- Off-Budget 77,433 ...... 77,433 637,597 ...... 637,597 605,046 ...... 605,046

Note: Details may not add to totals due to rounding. (**) Less than absolute value of $500,000

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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, May 2020 and Other Periods

[$ millions]

Legislative Branch:

 Senate 77 (**) 77 643 1 642 626 1 625

 House of Representatives 113 (**) 113 992 2 991 910 2 908

 Joint Items 1 ...... 1 12 ...... 12 13 ...... 13

 Capitol Police 33 ...... 33 301 ...... 301 274 ...... 274

 Congressional Budget Office 4 ...... 4 35 ...... 35 32 ...... 32

 Architect of the Capitol 81 (**) 81 522 3 519 408 4 404

 Library of Congress 59 (**) 59 473 5 469 462 7 455

 Government Printing Office 21 ...... 21 69 ...... 69 67 ...... 67

 Government Accountability Office 46 ...... 46 400 ...... 400 391 ...... 391

 United States Tax Court 5 ...... 5 36 ...... 36 35 ...... 35

 Other Legislative Branch Agencies 6 ...... 6 86 ...... 86 74 ...... 74

 Proprietary Receipts from the Public ...... 1 -1 ...... 31 -31 ...... 18 -18

 Intrabudgetary Transactions (**) ...... (**) -7 ...... -7 -7 ...... -7

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

 Total--Legislative Branch 445 2 443 3,563 42 3,521 3,286 32 3,254

Judicial Branch:

 Supreme Court of the United States 9 ...... 9 67 ...... 67 66 ...... 66

 Courts of Appeals, District Courts, and Other Judicial

 Services 779 ...... 779 5,922 ...... 5,922 5,714 ...... 5,714

 Other 41 ...... 41 501 ...... 501 467 ...... 467

 Proprietary Receipts from the Public ...... 22 -22 ...... 117 -117 ...... 105 -105

 Intrabudgetary Transactions -32 ...... -32 -741 ...... -741 -768 ...... -768

 Total--Judicial Branch 798 22 776 5,749 117 5,632 5,479 105 5,374

Department of Agriculture:

 Agricultural Research Service 110 ...... 110 907 ...... 907 777 ...... 777

 National Institute of Food and Agriculture:

 Research and Education Activities 80 ...... 80 453 ...... 453 447 ...... 447

 Extension Activities 45 ...... 45 310 ...... 310 337 ...... 337

 Other -15 ...... -15 48 ...... 48 76 ...... 76

 Animal and Plant Health Inspection Service 118 ...... 118 923 ...... 923 788 ...... 788

 Food Safety and Inspection Service 84 ...... 84 686 ...... 686 667 ...... 667

 Agricultural Marketing Service 86 ...... 86 956 ...... 956 992 ...... 992

 Risk Management Agency:

 Administrative and Operating Expenses 5 ...... 5 43 ...... 43 44 ...... 44

 Federal Crop Insurance Corporation Fund 187 17 170 10,189 2,827 7,362 9,075 290 8,785

 Farm Service Agency:

 Salaries and Expenses 101 ...... 101 615 ...... 615 720 ...... 720

 USDA Supplemental Assistance (**) ...... (**) 2 ...... 2 (**) ...... (**)

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

 Commodity Credit Corporation 329 619 -290 23,528 4,962 18,566 22,156 4,316 17,840

 Tobacco Trust Fund ...... ...... ...... ...... ...... ...... 3 ...... 3

 Agricultural Credit Insurance Fund 9 3 6 358 29 329 207 31 176

 Other 34 ...... 34 158 ...... 158 91 ...... 91

 Total--Farm Service Agency 473 621 -148 24,661 4,991 19,670 23,176 4,347 18,829

 Natural Resources Conservation Service:

 Conservation Operations 72 ...... 72 561 ...... 561 480 ...... 480

 Farm Security and Rural Investment Programs 176 ...... 176 2,431 ...... 2,431 2,344 ...... 2,344

 Other 24 ...... 24 170 ...... 170 127 ...... 127

 Rural Development 51 ...... 51 4 ...... 4 -46 ...... -46

 Rural Housing Service:

 Rural Housing Insurance Fund 9 28 -19 497 298 199 475 307 168

 Rental Assistance Program 105 ...... 105 811 ...... 811 796 ...... 796

 Other 13 ...... 13 116 ...... 116 96 ...... 96

 Rural Utilities Service:

 Rural Electrification and Telecommunications Fund 57 3 54 1,299 77 1,223 617 960 -344

 Other 42 2 40 398 35 363 374 42 332

 Foreign Agricultural Service 269 ...... 269 1,496 ...... 1,496 1,291 ...... 1,291

 Food and Nutrition Service:

 Supplemental Nutrition Assistance Program 8,551 ...... 8,551 46,818 ...... 46,818 42,924 ...... 42,924

 Child Nutrition Programs 1,662 ...... 1,662 17,210 ...... 17,210 17,696 ...... 17,696

 Special Supplemental Nutrition Program for Women,

 Infants, and Children (WIC) 383 ...... 383 3,466 ...... 3,466 3,555 ...... 3,555

 Other 55 ...... 55 415 ...... 415 329 ...... 329

 Total--Food and Nutrition Service 10,651 ...... 10,651 67,909 ...... 67,909 64,504 ...... 64,504

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, May 2020 and Other Periods - Continued

[$ millions]

Department of Agriculture: - Continued

 Forest Service:

 National Forest System 136 ...... 136 1,190 ...... 1,190 1,159 ...... 1,159

 Capital Improvement and Maintenance 31 ...... 31 293 ...... 293 250 ...... 250

 Wildland Fire Management 141 ...... 141 1,188 ...... 1,188 1,467 ...... 1,467

 Forest Service Permanent Appropriations 15 ...... 15 329 ...... 329 353 ...... 353

 Other 56 ...... 56 480 ...... 480 425 ...... 425

 Total--Forest Service 378 ...... 378 3,479 ...... 3,479 3,654 ...... 3,654

 Other 208 3 204 2,014 26 1,988 1,087 29 1,058

 Proprietary Receipts from the Public (**) 46 -46 (**) 848 -848 ...... 811 -811

 Intrabudgetary Transactions 4 ...... 4 208 ...... 208 -208 ...... -208

 Total--Department of Agriculture 13,232 720 12,512 120,568 9,102 111,466 111,968 6,786 105,182

Department of Commerce:

 Economic Development Administration 24 ...... 24 220 ...... 220 181 ...... 181

 Bureau of the Census 538 ...... 538 3,760 ...... 3,760 1,527 ...... 1,527

 International Trade Administration 31 ...... 31 320 ...... 320 279 ...... 279

 National Oceanic and Atmospheric Administration 406 ...... 406 3,805 5 3,800 3,434 7 3,427

 National Institute of Standards and Technology 70 ...... 70 705 ...... 705 672 ...... 672

 National Telecommunications and Information Administration 96 ...... 96 1,469 (**) 1,469 1,547 1 1,546

 Other 35 7 27 268 51 217 203 57 146

 Proprietary Receipts from the Public ...... -11 11 ...... -8 8 ...... 25 -25

 Intrabudgetary Transactions (**) ...... (**) 1 ...... 1 2 ...... 2

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

 Total--Department of Commerce 1,199 -3 1,202 10,547 49 10,498 7,844 91 7,753

Department of Defense--Military Programs:

 Military Personnel:

 Department of the Army 4,827 ...... 4,827 40,725 ...... 40,725 42,373 ...... 42,373

 Department of the Navy 3,989 ...... 3,989 34,408 ...... 34,408 34,907 ...... 34,907

 Department of the Air Force 3,145 ...... 3,145 26,738 ...... 26,738 26,495 ...... 26,495

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

 Total--Military Personnel 11,961 ...... 11,961 110,376 ...... 110,376 111,684 ...... 111,684

 Operation and Maintenance:

 Department of the Army 5,892 ...... 5,892 49,052 ...... 49,052 45,842 ...... 45,842

 Department of the Navy 5,484 ...... 5,484 43,460 ...... 43,460 41,900 ...... 41,900

 Department of the Air Force 5,177 ...... 5,177 40,234 ...... 40,234 39,490 ...... 39,490

 Defense Agencies 6,651 ...... 6,651 50,277 ...... 50,277 49,778 ...... 49,778

 Total--Operation and Maintenance 23,204 ...... 23,204 183,023 ...... 183,023 177,009 ...... 177,009

 International Reconstruction and Other Assistance:

 Department of the Army ...... ...... ...... (**) ...... (**) 6 ...... 6

 Procurement:

 Department of the Army 2,030 ...... 2,030 15,902 ...... 15,902 13,273 ...... 13,273

 Department of the Navy 4,729 ...... 4,729 35,680 ...... 35,680 30,942 ...... 30,942

 Department of the Air Force 5,665 ...... 5,665 36,885 ...... 36,885 31,196 ...... 31,196

 Defense Agencies 655 ...... 655 5,932 ...... 5,932 4,971 ...... 4,971

 Total--Procurement 13,079 ...... 13,079 94,400 ...... 94,400 80,383 ...... 80,383

 Research, Development, Test, and Evaluation:

 Department of the Army 977 ...... 977 8,182 ...... 8,182 5,793 ...... 5,793

 Department of the Navy 2,055 ...... 2,055 12,491 ...... 12,491 12,239 ...... 12,239

 Department of the Air Force 3,701 ...... 3,701 28,670 ...... 28,670 28,104 ...... 28,104

 Defense Agencies 1,926 ...... 1,926 15,494 ...... 15,494 14,741 ...... 14,741

 Total--Research, Development, Test, and Evaluation 8,659 ...... 8,659 64,837 ...... 64,837 60,877 ...... 60,877

 Military Construction:

 Department of the Army 64 ...... 64 1,362 ...... 1,362 1,587 ...... 1,587

 Department of the Navy 160 ...... 160 1,140 ...... 1,140 1,012 ...... 1,012

 Department of the Air Force 170 ...... 170 1,162 ...... 1,162 829 ...... 829

 Defense Agencies 207 ...... 207 1,920 ...... 1,920 1,776 ...... 1,776

 Total--Military Construction 601 ...... 601 5,585 ...... 5,585 5,203 ...... 5,203

 Family Housing:

 Department of the Army 26 ...... 26 281 ...... 281 278 ...... 278

 Department of the Navy 35 ...... 35 187 ...... 187 172 ...... 172

 Department of the Air Force 30 ...... 30 229 ...... 229 209 ...... 209

 Defense Agencies 60 ...... 60 85 (**) 85 49 (**) 48

 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, May 2020 and Other Periods - Continued

[$ millions]

Department of Defense--Military Programs: - Continued

 Department of the Navy 180 ...... 180 228 ...... 228 43 ...... 43

 Defense Agencies:

 Working Capital Fund 746 ...... 746 3,649 ...... 3,649 3,675 ...... 3,675

 Other -4 ...... -4 59 ...... 59 101 ...... 101

 Allowances -5 ...... -5 3 ...... 3 84 ...... 84

 Trust Funds:

 Department of the Army 1 ...... 1 9 ...... 9 1 ...... 1

 Department of the Navy 1 ...... 1 16 ...... 16 22 ...... 22

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

 Defense Agencies 39 ...... 39 275 ...... 275 212 ...... 212

 Proprietary Receipts from the Public:

 Department of the Army ...... -25 25 ...... 4 -4 ...... -440 440

 Department of the Navy ...... 10 -10 ...... 26 -26 ...... 78 -78

 Department of the Air Force ...... -44 44 ...... 133 -133 ...... 161 -161

 Defense Agencies ...... 174 -174 ...... 494 -494 ...... 983 -983

 Intrabudgetary Transactions:

 Department of the Army -15 ...... -15 -43 ...... -43 163 ...... 163

 Department of the Navy -8 ...... -8 -20 ...... -20 -40 ...... -40

 Department of the Air Force -28 ...... -28 -38 ...... -38 -45 ...... -45

 Defense Agencies 9 ...... 9 -70 ...... -70 -9 ...... -9

 Offsetting Governmental Receipts:

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

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

 Total--Department of Defense--Military Programs 58,568 115 58,453 463,074 1,162 461,912 440,078 782 439,296

Department of Education:

 Office of Elementary and Secondary Education:

 Accelerating Achievement and Ensuring Equity 1,298 ...... 1,298 11,068 ...... 11,068 11,214 ...... 11,214

 Impact Aid 63 ...... 63 1,448 ...... 1,448 1,376 ...... 1,376

 Education Improvement Programs 336 ...... 336 3,219 ...... 3,219 3,025 ...... 3,025

 Other 3,772 ...... 3,772 4,767 ...... 4,767 202 ...... 202

 Total--Office of Elementary and Secondary Education 5,469 ...... 5,469 20,503 ...... 20,503 15,817 ...... 15,817

 Office of Innovation and Improvement 69 ...... 69 525 ...... 525 693 ...... 693

 Office of English Language Acquisition 46 ...... 46 499 ...... 499 531 ...... 531

 Office of Special Education and Rehabilitative Services:

 Special Education 1,093 ...... 1,093 8,847 ...... 8,847 8,714 ...... 8,714

 Rehabilitation Services and Disability Research 240 ...... 240 2,217 ...... 2,217 2,197 ...... 2,197

 Special Institutions for Persons with Disabilities 18 ...... 18 170 ...... 170 158 ...... 158

 Office of Vocational and Adult Education 115 ...... 115 1,109 ...... 1,109 1,139 ...... 1,139

 Office of Postsecondary Education:

 Higher Education 175 ...... 175 1,542 ...... 1,542 1,574 ...... 1,574

 Other (**) (**) -1 206 2 204 176 3 173

 Total--Office of Postsecondary Education 174 (**) 174 1,748 2 1,746 1,750 3 1,747

 Office of Federal Student Aid:

 Student Financial Assistance 990 ...... 990 18,888 ...... 18,888 19,617 ...... 19,617

 Student Aid Administration 175 ...... 175 1,134 ...... 1,134 1,087 ...... 1,087

 Federal Student Loan Reserve Fund ...... ...... ...... ...... ...... ...... -110 ...... -110

 Federal Direct Student Loans ...... ...... ...... 5,245 ...... 5,245 5,169 ...... 5,169

 Federal Family Education Loans -7 ...... -7 -149 ...... -149 -142 ...... -142

 Other (**) (**) (**) 16 4 12 17 5 12

 Total--Office of Federal Student Aid 1,158 (**) 1,157 25,134 4 25,129 25,637 5 25,631

 Institute of Education Sciences 39 ...... 39 379 ...... 379 445 ...... 445

 Departmental Management 40 ...... 40 369 ...... 369 381 ...... 381

 Other 23 ...... 23 192 ...... 192 286 ...... 286

 Proprietary Receipts from the Public ...... -449 449 ...... 3,868 -3,868 ...... 5,447 -5,447

 Intrabudgetary Transactions -4 ...... -4 69 ...... 69 30 ...... 30

 Total--Department of Education 8,481 -448 8,929 61,761 3,874 57,886 57,778 5,455 52,323

Department of Energy:

 National Nuclear Security Administration:

 Naval Reactors 182 ...... 182 987 ...... 987 983 ...... 983

 Weapons Activities 903 ...... 903 7,493 ...... 7,493 6,960 ...... 6,960

 Defense Nuclear Nonproliferation 152 ...... 152 1,346 ...... 1,346 1,162 ...... 1,162

 Other 29 ...... 29 277 ...... 277 272 ...... 272

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, May 2020 and Other Periods - Continued

[$ millions]

Department of Energy: - Continued

 Environmental and Other Defense Activities:

 Defense Environmental Cleanup 373 ...... 373 4,007 ...... 4,007 3,798 ...... 3,798

 Other Defense Activities 53 ...... 53 593 ...... 593 519 ...... 519

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

 Energy Programs:

 Science 484 ...... 484 4,027 ...... 4,027 3,732 ...... 3,732

 Energy Supply 160 ...... 160 1,222 ...... 1,222 1,074 ...... 1,074

 Energy Efficiency and Renewable Energy 155 ...... 155 1,366 ...... 1,366 1,211 ...... 1,211

 Fossil Energy Research and Development 55 ...... 55 430 ...... 430 411 ...... 411

 Uranium Enrichment Decontamination and Decommissioning

 Fund 107 ...... 107 563 ...... 563 533 ...... 533

 Advanced Technology Vehicles Manufacturing Loan Program (**) ...... (**) 2 ...... 2 2 ...... 2

 Title 17 Innovative Technology Loan Guarantee Program 2 ...... 2 130 ...... 130 7 ...... 7

 Other 112 9 102 817 78 738 750 79 671

 Total--Energy Programs 1,076 9 1,067 8,557 78 8,479 7,719 79 7,640

 Power Marketing Administration 489 313 176 2,822 2,615 207 2,643 2,688 -45

 Departmental Administration 25 ...... 25 125 ...... 125 196 ...... 196

 Proprietary Receipts from the Public ...... 113 -113 ...... 1,084 -1,084 ...... 1,653 -1,653

 Intrabudgetary Transactions -158 ...... -158 -1,052 ...... -1,052 -1,081 ...... -1,081

 Total--Department of Energy 3,125 435 2,690 25,156 3,777 21,379 23,172 4,420 18,753

Department of Health and Human Services:

 Food and Drug Administration 562 1 561 2,412 6 2,406 2,303 6 2,296

 Health Resources and Services Administration 919 ...... 919 7,870 ...... 7,870 7,708 ...... 7,708

 Indian Health Service 332 ...... 332 5,302 ...... 5,302 4,483 ...... 4,483

 Centers for Disease Control and Prevention 808 ...... 808 5,558 ...... 5,558 5,134 ...... 5,134

 National Institutes of Health 2,845 ...... 2,845 24,254 ...... 24,254 23,486 ...... 23,486

 Substance Abuse and Mental Health Services Administration 395 ...... 395 3,438 ...... 3,438 2,669 ...... 2,669

 Agency for Healthcare Research and Quality 28 ...... 28 227 ...... 227 213 ...... 213

 Centers for Medicare and Medicaid Services:

 Grants to States for Medicaid 39,862 ...... 39,862 292,776 ...... 292,776 268,533 ...... 268,533

 Payments to Health Care Trust Funds 30,463 ...... 30,463 246,233 ...... 246,233 238,631 ...... 238,631

 Children's Health Insurance Fund 1,264 ...... 1,264 10,738 ...... 10,738 11,826 ...... 11,826

 State Grants and Demonstrations 23 ...... 23 220 ...... 220 222 ...... 222

 Federal Hospital Insurance Trust Fund:

 Benefit Payments -2,489 ...... -2,489 280,990 ...... 280,990 225,848 ...... 225,848

 Administrative Expenses 299 ...... 299 2,336 ...... 2,336 2,727 ...... 2,727

 Total--Federal Hospital Insurance Trust Fund -2,190 ...... -2,190 283,326 ...... 283,326 228,575 ...... 228,575

 Health Care Fraud and Abuse Control 145 ...... 145 1,253 ...... 1,253 1,152 ...... 1,152

 Federal Supplementary Medical Insurance Trust Fund:

 Benefit Payments 55,006 ...... 55,006 276,759 ...... 276,759 252,148 ...... 252,148

 Administrative Expenses 303 ...... 303 2,935 ...... 2,935 2,580 ...... 2,580

 Medicare Prescription Drugs:

 Benefit Payments 7,862 ...... 7,862 58,497 ...... 58,497 62,945 ...... 62,945

 Total--Federal Supplementary Medical Insurance Trust

 Fund 63,171 ...... 63,171 338,191 ...... 338,191 317,673 ...... 317,673

 Other 9 ...... 9 3,684 ...... 3,684 5,123 ...... 5,123

 Total--Centers for Medicare and Medicaid Services 132,747 ...... 132,747 1,176,420 ...... 1,176,420 1,071,735 ...... 1,071,735

 Administration for Children and Families:

 Temporary Assistance for Needy Families 1,147 ...... 1,147 11,397 ...... 11,397 10,340 ...... 10,340

 Contingency Fund 52 ...... 52 425 ...... 425 270 ...... 270

 Payments to States for Child Support Enforcement and

 Family Support Programs 227 ...... 227 2,462 ...... 2,462 2,400 ...... 2,400

 Low Income Home Energy Assistance 208 ...... 208 2,817 ...... 2,817 2,969 ...... 2,969

 Refugee and Entrant Assistance 168 ...... 168 1,251 ...... 1,251 1,583 ...... 1,583

 Child Care Entitlement to States 266 ...... 266 2,069 ...... 2,069 2,007 ...... 2,007

 Payments to States for the Child Care and Development

 Block Grant 747 ...... 747 3,732 ...... 3,732 2,339 ...... 2,339

 Social Services Block Grant 136 ...... 136 1,177 ...... 1,177 1,162 ...... 1,162

 Children and Families Services Programs 958 ...... 958 8,309 ...... 8,309 7,989 ...... 7,989

 Payments to States for Foster Care and Adoption

 Assistance 731 ...... 731 5,738 ...... 5,738 5,577 ...... 5,577

 Other 47 ...... 47 378 ...... 378 355 ...... 355

 Total--Administration for Children and Families 4,688 ...... 4,688 39,753 ...... 39,753 36,990 ...... 36,990

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, May 2020 and Other Periods - Continued

[$ millions]

Department of Health and Human Services: - Continued

 Administration for Community Living 157 ...... 157 1,514 ...... 1,514 1,374 ...... 1,374

 Departmental Management 27,072 ...... 27,072 68,571 ...... 68,571 2,104 ...... 2,104

 Other 124 ...... 124 702 ...... 702 576 ...... 576

 Proprietary Receipts from the Public ...... 11,556 -11,556 ...... 91,378 1-91,378 ...... 85,074 -85,074

 Intrabudgetary Transactions:

 Payments for Health Insurance for the Aged:

 Federal Supplementary Medical Insurance Trust Fund -30,467 ...... -30,467 -238,642 ...... -238,642 -221,745 ...... -221,745

 Payments for Tax and Other Credits:

 Federal Hospital Insurance Trust Fund -1 ...... -1 -7,601 ...... -7,601 -16,909 ...... -16,909

 Other 55 ...... 55 -413 ...... -413 -694 ...... -694

 Total--Department of Health and Human Services 140,264 11,556 128,708 1,089,365 91,384 997,981 919,426 85,081 834,346

Department of Homeland Security:

 Departmental Management and Operations 140 ...... 140 1,089 ...... 1,089 890 ...... 890

 Citizenship and Immigration Services 334 ...... 334 2,905 ...... 2,905 2,672 ...... 2,672

 United States Secret Service 237 ...... 237 1,666 ...... 1,666 1,505 ...... 1,505

 Transportation Security Administration 657 ...... 657 4,703 ...... 4,703 3,991 ...... 3,991

 Immigration and Customs Enforcement 617 ...... 617 5,363 ...... 5,363 4,962 ...... 4,962

 U.S. Customs and Border Protection 1,185 2 1,183 10,973 19 10,954 9,874 19 9,855

 United States Coast Guard 992 ...... 992 7,650 ...... 7,650 7,859 ...... 7,859

 National Protection and Programs Directorate 128 ...... 128 1,206 ...... 1,206 1,300 ...... 1,300

 Federal Emergency Management Agency:

 State and Local Programs 3 ...... 3 153 ...... 153 443 ...... 443

 Firefighter Assistance Grants 6 ...... 6 87 ...... 87 224 ...... 224

 Disaster Relief 2,671 ...... 2,671 10,777 ...... 10,777 10,891 ...... 10,891

 National Flood Insurance Fund 60 236 -176 1,387 1,184 203 1,797 990 807

 Other 93 ...... 93 828 ...... 828 854 ...... 854

 Total--Federal Emergency Management Agency 2,833 236 2,597 13,232 1,184 12,048 14,209 990 13,219

 Science and Technology 66 ...... 66 541 ...... 541 604 ...... 604

 Domestic Nuclear Detection Office 17 ...... 17 165 ...... 165 181 ...... 181

 Other 35 ...... 35 328 ...... 328 304 ...... 304

 Proprietary Receipts from the Public ...... 79 -79 ...... 623 -623 ...... 639 -639

 Intrabudgetary Transactions -140 ...... -140 -50 ...... -50 -33 ...... -33

 Offsetting Governmental Receipts ...... 752 -752 ...... 7,402 -7,402 ...... 8,019 -8,019

 Total--Department of Homeland Security 7,100 1,068 6,031 49,771 9,228 40,543 48,317 9,667 38,650

Department of Housing and Urban Development:

 Public and Indian Housing Programs:

 Tenant Based Rental Assistance 2,332 ...... 2,332 15,911 ...... 15,911 14,744 ...... 14,744

 Housing Certificate Fund 4 ...... 4 102 ...... 102 122 ...... 122

 Public Housing Capital Fund 132 ...... 132 1,489 ...... 1,489 1,374 ...... 1,374

 Public Housing Operating Fund 396 ...... 396 2,991 ...... 2,991 2,771 ...... 2,771

 Revitalization of Severely Distressed Public Housing

 (Hope VI) (**) ...... (**) 3 ...... 3 10 ...... 10

 Native American Housing Block Grant 30 ...... 30 395 ...... 395 455 ...... 455

 Other 17 ...... 17 123 ...... 123 107 ...... 107

 Total--Public and Indian Housing Programs 2,912 ...... 2,912 21,013 ...... 21,013 19,583 ...... 19,583

 Community Planning and Development:

 Housing Opportunities for Persons with AIDS 47 ...... 47 212 ...... 212 211 ...... 211

 Community Development Fund 415 ...... 415 3,419 ...... 3,419 3,557 ...... 3,557

 Home Investment Partnership Program 63 ...... 63 540 ...... 540 592 ...... 592

 Neighborhood Stabilization Program 4 ...... 4 15 ...... 15 12 ...... 12

 Homeless Assistance Grants 163 ...... 163 1,451 ...... 1,451 1,446 ...... 1,446

 Other 15 ...... 15 151 ...... 151 82 ...... 82

 Total--Community Planning and Development 706 ...... 706 5,788 ...... 5,788 5,900 ...... 5,900

 Housing Programs:

 Credit Accounts:

 FHA-Mutual Mortgage Insurance Fund, Program Account 9 ...... 9 73 ...... 73 1,342 ...... 1,342

 FHA-Mutual Mortgage Insurance Capital Reserve Account -494 ...... -494 -4,247 ...... -4,247 -22,019 ...... -22,019

 FHA-Mutual Mortgage and Cooperative Housing Insurance

 Fund, Liquidating Account (**) 1 (**) 10 8 2 260 256 3

 FHA-General and Special Risk Fund, Program Account ...... ...... ...... ...... ...... ...... 1,284 ...... 1,284

 FHA-General and Special Risk Fund, Liquidating Account 8 11 -4 98 153 -55 115 189 -74

 Housing for the Elderly or Handicapped Fund,

 Liquidating Account -9 3 -12 -80 34 -114 -88 31 -119

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, May 2020 and Other Periods - Continued

[$ millions]

Department of Housing and Urban Development: - Continued

 HUD Project-Based Rental Assistance 1,101 ...... 1,101 8,471 ...... 8,471 8,024 ...... 8,024

 Housing for the Elderly 61 ...... 61 485 ...... 485 483 ...... 483

 Housing for Persons with Disabilities 17 ...... 17 131 ...... 131 123 ...... 123

 Other Assisted Housing Programs 6 ...... 6 42 ...... 42 59 ...... 59

 Other 3 2 1 39 25 14 30 29 1

 Total--Housing Programs 702 17 685 5,021 220 4,802 -10,387 505 -10,892

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities 442 (**) 442 348 1 347 -192 2 -194

 Management and Administration 142 ...... 142 1,186 ...... 1,186 1,084 ...... 1,084

 Other 11 ...... 11 119 ...... 119 129 ...... 129

 Proprietary Receipts from the Public:

 FHA-General and Special Risk Fund ...... 51 -51 ...... 400 -400 ...... 2,010 -2,010

 Other ...... 48 -48 ...... 388 -388 ...... 252 -252

 Intrabudgetary Transactions (**) ...... (**) -4 ...... -4 -4 ...... -4

 Offsetting Governmental Receipts ...... 1 -1 ...... 10 -10 ...... 10 -10

 Total--Department of Housing and Urban Development 4,915 117 4,797 33,471 1,019 32,452 16,114 2,778 13,335

Department of the Interior:

 Land and Minerals Management:

 Bureau of Land Management:

 Management of Lands and Resources 89 ...... 89 754 ...... 754 714 ...... 714

 Other 16 4 12 258 38 220 217 36 181

 Bureau of Ocean Energy Management 10 ...... 10 88 ...... 88 85 ...... 85

 Office of Surface Mining Reclamation and Enforcement 35 ...... 35 1,758 ...... 1,758 528 ...... 528

 Total--Land and Minerals Management 151 4 147 2,857 38 2,820 1,543 36 1,507

 Water and Science:

 Bureau of Reclamation:

 Water and Related Resources 89 ...... 89 716 ...... 716 652 ...... 652

 Other 46 20 26 440 152 288 511 250 261

 Central Utah Project 3 ...... 3 28 ...... 28 17 ...... 17

 United States Geological Survey 100 ...... 100 776 ...... 776 746 ...... 746

 Total--Water and Science 238 20 218 1,961 152 1,809 1,927 250 1,676

 Fish and Wildlife and Parks:

 United States Fish and Wildlife Service 195 ...... 195 1,979 ...... 1,979 1,870 ...... 1,870

 National Park Service 218 ...... 218 2,193 ...... 2,193 2,026 ...... 2,026

 Total--Fish and Wildlife and Parks 413 ...... 413 4,172 ...... 4,172 3,896 ...... 3,896

 Indian Affairs:

 Bureau of Indian Affairs and Bureau of Indian Education 284 (**) 284 2,432 (**) 2,432 1,911 (**) 1,911

 Total--Indian Affairs 284 (**) 284 2,432 (**) 2,432 1,911 (**) 1,911

 Departmental Offices:

 Mineral Leasing and Associated Payments 93 ...... 93 1,124 ...... 1,124 1,585 ...... 1,585

 Other 16 ...... 16 514 ...... 514 392 ...... 392

 Insular Affairs 15 ...... 15 240 ...... 240 203 ...... 203

 Office of the Special Trustee for American Indians 8 ...... 8 71 ...... 71 80 ...... 80

 Department-Wide Programs 262 ...... 262 793 ...... 793 889 ...... 889

 Total--Departmental Offices 393 ...... 393 2,742 ...... 2,742 3,149 ...... 3,149

 Other 58 (**) 58 2 672 (**) 672 391 ...... 391

 Proprietary Receipts from the Public ...... 344 -344 ...... 3,961 3-3,961 ...... 4,587 -4,587

 Intrabudgetary Transactions -7 ...... -7 -179 (**) -179 677 ...... 677

 Total--Department of the Interior 1,530 368 1,162 14,657 4,151 10,506 13,494 4,874 8,620

Department of Justice:

 General Administration -62 ...... -62 415 ...... 415 837 ...... 837

 Legal Activities and U.S. Marshals:

 General Legal Activities 121 ...... 121 1,441 ...... 1,441 2,500 ...... 2,500

 United States Attorneys 180 ...... 180 1,455 ...... 1,455 1,234 ...... 1,234

 United States Marshals Service 101 ...... 101 933 ...... 933 871 ...... 871

 Assets Forfeiture Fund 76 ...... 76 1,868 ...... 1,868 1,660 ...... 1,660

 Other 191 ...... 191 1,630 ...... 1,630 1,449 ...... 1,449

 Federal Bureau of Investigation 765 ...... 765 6,353 ...... 6,353 6,187 ...... 6,187

 Drug Enforcement Administration 237 ...... 237 1,850 ...... 1,850 1,701 ...... 1,701

 Bureau of Alcohol, Tobacco, Firearms, and Explosives 106 ...... 106 884 ...... 884 840 ...... 840

 Federal Prison System 609 24 586 5,251 213 5,038 4,927 241 4,687

 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, May 2020 and Other Periods - Continued

[$ millions]

Department of Justice: - Continued

 State and Local Law Enforcement Assistance 207 ...... 207 1,324 ...... 1,324 840 ...... 840

 Community Oriented Policing Services 13 ...... 13 107 ...... 107 115 ...... 115

 Crime Victims Fund 221 ...... 221 1,746 ...... 1,746 1,481 ...... 1,481

 Other 87 ...... 87 531 ...... 531 633 ...... 633

 Other 47 ...... 47 543 ...... 543 417 ...... 417

 Proprietary Receipts from the Public ...... 19 -19 ...... 457 -457 ...... 1,574 -1,574

 Intrabudgetary Transactions 33 ...... 33 -191 ...... -191 -221 ...... -221

 Offsetting Governmental Receipts ...... 74 -74 ...... 502 -502 ...... 495 -495

 Total--Department of Justice 2,933 117 2,817 26,141 1,173 24,968 25,472 2,309 23,163

Department of Labor:

 Employment and Training Administration:

 Training and Employment Services 252 ...... 252 2,194 ...... 2,194 2,184 ...... 2,184

 Office of Job Corps 119 ...... 119 1,073 ...... 1,073 1,018 ...... 1,018

 Community Service Employment for Older Americans 31 ...... 31 261 ...... 261 261 ...... 261

 Federal Unemployment Benefits and Allowances 21 ...... 21 206 ...... 206 233 ...... 233

 Federal Additional Unemployment Compensation

 Program-Recovery Act 64,185 ...... 64,185 91,092 ...... 91,092 -2 ...... -2

 State Unemployment Insurance and Employment Service

 Operations 131 ...... 131 106 ...... 106 -294 ...... -294

 Payments to the Unemployment Trust Fund 13,140 ...... 13,140 82,583 ...... 82,583 2 ...... 2

 Program Administration 11 ...... 11 74 ...... 74 71 ...... 71

 Unemployment Trust Fund:

 Federal-State Unemployment Insurance:

 State Unemployment Benefits 29,676 ...... 29,676 67,196 ...... 67,196 19,101 ...... 19,101

 State Administrative Expenses 205 ...... 205 2,331 ...... 2,331 2,614 ...... 2,614

 Federal Administrative Expenses 27 ...... 27 389 ...... 389 363 ...... 363

 Other (**) ...... (**) 2 ...... 2 4 ...... 4

 Total--Unemployment Trust Fund 29,908 ...... 29,908 69,918 ...... 69,918 22,081 ...... 22,081

 Other -347 ...... -347 -347 ...... -347 18 ...... 18

 Total--Employment and Training Administration 107,451 ...... 107,451 247,161 ...... 247,161 25,574 ...... 25,574

 Pension Benefit Guaranty Corporation 550 1,460 -909 4,354 8,764 -4,410 4,317 8,270 -3,954

 Office of Workers' Compensation Programs:

 Special Benefits 218 ...... 218 -688 ...... -688 -732 ...... -732

 Energy Employees Occupational Illness Compensation Fund 67 ...... 67 1,051 ...... 1,051 945 ...... 945

 Special Benefits for Disabled Coal Miners 5 ...... 5 43 ...... 43 47 ...... 47

 Black Lung Disability Trust Fund 17 ...... 17 142 ...... 142 144 ...... 144

 Other 30 ...... 30 238 ...... 238 242 ...... 242

 Wage and Hour Division 21 ...... 21 179 ...... 179 173 ...... 173

 Occupational Safety and Health Administration 59 ...... 59 397 ...... 397 372 ...... 372

 Mine Safety and Health Administration 34 ...... 34 246 ...... 246 239 ...... 239

 Bureau of Labor Statistics 52 ...... 52 364 ...... 364 358 ...... 358

 Departmental Management 10 ...... 10 282 ...... 282 323 ...... 323

 Other 33 ...... 33 224 ...... 224 210 ...... 210

 Proprietary Receipts from the Public ...... (**) (**) ...... 5 -5 ...... 4 -4

 Intrabudgetary Transactions -13,217 ...... -13,217 -82,813 ...... -82,813 -294 ...... -294

 Total--Department of Labor 95,329 1,460 93,869 171,180 8,768 162,411 31,916 8,274 23,642

Department of State:

 Administration of Foreign Affairs:

 Diplomatic and Consular Programs 734 ...... 734 5,938 ...... 5,938 6,519 ...... 6,519

 Educational and Cultural Exchange Programs 38 ...... 38 454 ...... 454 429 ...... 429

 Embassy Security, Construction, and Maintenance -293 ...... -293 1,060 ...... 1,060 659 ...... 659

 Payment to Foreign Service Retirement and Disability

 Fund 136 ...... 136 425 ...... 425 159 ...... 159

 Foreign Service Retirement and Disability Fund 85 ...... 85 669 ...... 669 654 ...... 654

 Other 88 ...... 88 2,308 ...... 2,308 1,982 ...... 1,982

 Total--Administration of Foreign Affairs 788 ...... 788 10,852 ...... 10,852 10,402 ...... 10,402

 International Organizations and Conferences 43 ...... 43 2,675 ...... 2,675 2,145 ...... 2,145

 Global Health and Child Survival 583 ...... 583 6,149 ...... 6,149 6,152 ...... 6,152

 Migration and Refugee Assistance 273 ...... 273 1,709 ...... 1,709 1,890 ...... 1,890

 International Narcotics Control and Law Enforcement 107 ...... 107 687 ...... 687 674 ...... 674

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

 Other 53 ...... 53 372 ...... 372 364 ...... 364

 Proprietary Receipts from the Public ...... 53 -53 ...... 1,694 -1,694 ...... 2,352 -2,352

 Intrabudgetary Transactions -136 ...... -136 -489 ...... -489 -221 ...... -221

 Total--Department of State 1,712 53 1,658 21,956 1,694 20,262 21,407 2,352 19,055

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, May 2020 and Other Periods - Continued

[$ millions]

Department of Transportation:

 Office of the Secretary 55 ...... 55 417 ...... 417 465 ...... 465

 Federal Aviation Administration:

 Operations -944 ...... -944 -878 ...... -878 757 ...... 757

 Airport and Airway Trust Fund:

 Grants-In-Aid for Airports 524 ...... 524 -7,802 ...... -7,802 1,579 ...... 1,579

 Facilities and Equipment 217 ...... 217 1,816 ...... 1,816 1,753 ...... 1,753

 Research, Engineering, and Development 13 ...... 13 96 ...... 96 97 ...... 97

 Trust Fund Share of FAA Operations 1,714 ...... 1,714 7,756 ...... 7,756 5,850 ...... 5,850

 Total--Airport and Airway Trust Fund 2,467 ...... 2,467 1,865 ...... 1,865 9,278 ...... 9,278

 Other 11 -13 23 10,392 22 10,369 488 24 464

 Total--Federal Aviation Administration 1,534 -13 1,547 11,379 22 11,357 10,523 24 10,499

 Federal Highway Administration:

 Highway Trust Fund:

 Federal-Aid Highways 3,762 ...... 3,762 27,109 ...... 27,109 25,060 ...... 25,060

 Other -4 ...... -4 (**) ...... (**) 5 ...... 5

 Other Programs 224 ...... 224 1,264 ...... 1,264 768 ...... 768

 Total--Federal Highway Administration 3,982 ...... 3,982 28,372 ...... 28,372 25,833 ...... 25,833

 Federal Motor Carrier Safety Administration 43 ...... 43 410 ...... 410 368 ...... 368

 National Highway Traffic Safety Administration 78 ...... 78 665 ...... 665 650 ...... 650

 Federal Railroad Administration:

 Capital and Debt Service Grants to the National Railroad

 Passenger Corporation (**) ...... (**) 1 ...... 1 2 ...... 2

 Other 36 ...... 36 3,230 -47 3,277 948 ...... 948

 Total--Federal Railroad Administration 37 ...... 37 3,231 -47 3,278 950 ...... 950

 Federal Transit Administration:

 Formula Grants 1 ...... 1 3 ...... 3 7 ...... 7

 Capital Investment Grants 213 ...... 213 1,306 ...... 1,306 955 ...... 955

 Transit Formula Grants 610 ...... 610 6,121 ...... 6,121 5,707 ...... 5,707

 Other 3,339 ...... 3,339 4,193 ...... 4,193 678 ...... 678

 Total--Federal Transit Administration 4,163 ...... 4,163 11,623 ...... 11,623 7,347 ...... 7,347

 Maritime Administration 47 (**) 47 297 1 297 249 3 246

 Other 10 (**) 10 360 29 331 338 26 312

 Proprietary Receipts from the Public ...... 25 -25 ...... 87 -87 ...... 84 -84

 Intrabudgetary Transactions:

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

 Offsetting Governmental Receipts ...... 98 -98 ...... 127 -127 ...... 130 -130

 Total--Department of Transportation 9,949 111 9,839 56,755 218 56,537 46,722 267 46,455

Department of the Treasury:

 Departmental Offices:

 Exchange Stabilization Fund 1,504 1 1,503 11,542 195 11,348 35 395 -360

 Housing and Economic Recovery Programs (**) ...... (**) 1 ...... 1 1 ...... 1

 Troubled Asset Relief Program -14 ...... -14 508 ...... 508 1,019 ...... 1,019

 ESF - Economic Stabilization Program 2,230 ...... 2,230 2,230 ...... 2,230 ...... ...... ......

 Air Carrier Worker Support 4,653 ...... 4,653 17,201 ...... 17,201 ...... ...... ......

 Coronavirus Relief Fund 4,722 ...... 4,722 146,633 ...... 146,633 ...... ...... ......

 Other 228 ...... 228 1,111 ...... 1,111 1,151 ...... 1,151

 Bureau of the Fiscal Service:

 Payment to the Resolution Funding Corporation ...... ...... ...... 1,793 ...... 1,793 1,976 ...... 1,976

 Financial Agent Services 66 ...... 66 539 ...... 539 548 ...... 548

 Claims, Judgements, and Relief Acts 96 ...... 96 1,624 ...... 1,624 1,322 ...... 1,322

 Other 99 (**) 99 1,724 1 1,723 811 (**) 811

 Total--Bureau of the Fiscal Service 262 (**) 262 5,680 1 5,679 4,658 (**) 4,658

 Federal Financing Bank -75 ...... -75 -984 ...... -984 -1,210 ...... -1,210

 Alcohol and Tobacco Tax and Trade Bureau:

 Salaries and Expenses 10 ...... 10 79 ...... 79 75 ...... 75

 Internal Revenue Collections for Puerto Rico 41 ...... 41 305 ...... 305 288 ...... 288

 Bureau of Engraving and Printing -13 ...... -13 20 ...... 20 -36 ...... -36

 United States Mint 369 260 109 1,912 2,041 -129 1,077 1,363 -286

 Internal Revenue Service:

 Taxpayer Services 205 ...... 205 1,662 ...... 1,662 1,691 ...... 1,691

 Enforcement 347 ...... 347 3,079 ...... 3,079 2,946 ...... 2,946

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, May 2020 and Other Periods - Continued

[$ millions]

Department of the Treasury: - Continued

 Operations Support 306 ...... 306 2,937 ...... 2,937 2,857 ...... 2,857

 Build America Bond Payments, Recovery Act -1 ...... -1 1,434 ...... 1,434 2,298 ...... 2,298

 Refundable Premium Tax Credits and Cost Sharing

 Reductions 3,885 ...... 3,885 32,695 ...... 32,695 30,120 ...... 30,120

 Payment Where Earned Income Credit Exceeds Liability for

 Tax 1,940 ...... 1,940 52,874 ...... 52,874 57,116 ...... 57,116

 Payment Where Child Tax Credit Exceeds Liability for Tax 815 ...... 815 25,618 ...... 25,618 27,780 ...... 27,780

 Payment Where American Opportunity Tax Credit Exceeds

 Liability for Tax 148 ...... 148 2,440 ...... 2,440 2,771 ...... 2,771

 Refunding Internal Revenue Collections, Interest 58 ...... 58 1,424 ...... 1,424 1,209 ...... 1,209

 Other 451,004 (**) 51,004 5 275,218 (**) 275,218 4,603 (**) 4,603

 Total--Internal Revenue Service 58,709 (**) 58,708 399,382 (**) 399,381 133,392 (**) 133,392

 Comptroller of the Currency 78 3 75 710 547 163 708 599 109

 Interest on the Public Debt:

 Interest on Treasury Debt Securities (Gross):

 Public Issues (Accrual Basis) 26,018 ...... 26,018 253,641 ...... 253,641 257,577 ...... 257,577

 Special Issues (Cash Basis) 485 ...... 485 83,319 ...... 83,319 96,492 ...... 96,492

 Total--Interest on Treasury Debt Securities (Gross) 26,503 ...... 26,503 336,959 ...... 336,959 354,068 ...... 354,068

 Total--Interest on the Public Debt 26,503 ...... 26,503 336,959 ...... 336,959 354,068 ...... 354,068

 Other 10 ...... 10 81 ...... 81 78 ...... 78

 Proprietary Receipts from the Public ...... 227 -227 ...... 3,738 -3,738 ...... 14,381 -14,381

 Intrabudgetary Transactions -256 ...... -256 -1,653 ...... -1,653 -1,547 ...... -1,547

 Total--Department of the Treasury 98,961 491 98,471 921,718 6,522 915,197 493,758 16,739 477,018

Department of Veterans Affairs:

 Joint DOD-VA Medical Facility Demonstration Fund 48 ...... 48 311 ...... 311 296 ...... 296

 Veterans Health Administration:

 Veterans Choice Fund, Veterans Health Administration 11 ...... 11 135 ...... 135 2,866 ...... 2,866

 Medical Services 7,003 ...... 7,003 48,958 ...... 48,958 42,968 ...... 42,968

 Medical Support and Compliance 791 ...... 791 5,118 ...... 5,118 4,676 ...... 4,676

 Medical Facilities 566 ...... 566 4,245 ...... 4,245 4,013 ...... 4,013

 Other 110 25 84 872 288 585 844 319 526

 Benefits Programs:

 Public Enterprise Funds:

 Housing Accounts (**) 1 -1 1 6 -6 1 8 -7

 Other 64 215 -151 545 1,155 -610 617 618 -1

 Compensation and Pensions 9,497 ...... 9,497 72,439 ...... 72,439 73,729 ...... 73,729

 Readjustment Benefits 994 ...... 994 9,295 ...... 9,295 9,991 ...... 9,991

 Veterans Housing Benefit Program Fund (**) ...... (**) 91 ...... 91 165 ...... 165

 Insurance Funds:

 National Service Life 52 ...... 52 427 ...... 427 479 ...... 479

 Veterans Special Life 15 1 14 134 34 100 130 39 91

 Other 9 ...... 9 73 ...... 73 69 ...... 69

 Total--Benefits Programs 10,632 217 10,416 83,005 1,196 81,809 85,182 665 84,517

 Departmental Administration:

 Construction 93 ...... 93 656 ...... 656 1,020 ...... 1,020

 Information Technology Systems 405 ...... 405 3,243 ...... 3,243 3,087 ...... 3,087

 General Operating Expenses 93 (**) 93 2,099 (**) 2,099 2,142 (**) 2,141

 Other 265 ...... 265 1,549 ...... 1,549 1,143 ...... 1,143

 Proprietary Receipts from the Public:

 National Service Life ...... 1 -1 ...... 17 -17 ...... 20 -20

 Other ...... 291 -291 ...... 5,762 -5,762 ...... 6,250 -6,250

 Intrabudgetary Transactions 9 ...... 9 15 ...... 15 -54 ...... -54

 Total--Department of Veterans Affairs 20,026 535 19,491 150,207 7,263 142,945 148,182 7,254 140,928

Corps of Engineers:

 Construction 215 ...... 215 1,776 ...... 1,776 992 ...... 992

 Operation and Maintenance -61 ...... -61 2,053 ...... 2,053 2,247 ...... 2,247

 Flood Control and Coastal Emergencies 59 ...... 59 531 ...... 531 379 ...... 379

 Harbor Maintenance Trust Fund 127 ...... 127 734 ...... 734 ...... ...... ......

 Rivers and Harbors Contributed Funds 48 ...... 48 374 ...... 374 244 ...... 244

 Other 36 ...... 36 823 ...... 823 868 ...... 868

 Proprietary Receipts from the Public ...... 99 -99 ...... 510 -510 ...... 458 -458

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

 Total--Corps of Engineers 425 99 326 6,292 510 5,782 4,730 458 4,272

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, May 2020 and Other Periods - Continued

[$ millions]

Other Defense Civil Programs:

 Military Retirement:

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

 Military Retirement Fund 5,199 ...... 5,199 41,411 ...... 41,411 44,991 ...... 44,991

 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 522 ...... 522 7,338 ...... 7,338 7,125 ...... 7,125

 Educational Benefits 17 ...... 17 149 ...... 149 158 ...... 158

 Other 22 ...... 22 200 ...... 200 202 ...... 202

 Proprietary Receipts from the Public ...... 2 -2 ...... 15 -15 ...... 15 -15

 Intrabudgetary Transactions 117 ...... 117 -104,136 ...... -104,136 -100,939 ...... -100,939

 Total--Other Defense Civil Programs 5,877 2 5,875 43,471 15 43,456 45,253 15 45,238

Environmental Protection Agency:

 Science and Technology 59 ...... 59 498 ...... 498 446 ...... 446

 Environmental Programs and Management 225 ...... 225 1,683 ...... 1,683 1,691 ...... 1,691

 State and Tribal Assistance Grants 300 ...... 300 2,925 ...... 2,925 2,772 ...... 2,772

 Payment to the Hazardous Substance Superfund ...... ...... ...... 1,077 ...... 1,077 1,084 ...... 1,084

 Hazardous Substance Superfund 131 ...... 131 1,019 ...... 1,019 854 ...... 854

 Other 55 2 53 153 48 106 87 37 49

 Proprietary Receipts from the Public ...... 14 -14 ...... 176 -176 ...... 195 -195

 Intrabudgetary Transactions 1 ...... 1 -1,062 ...... -1,062 -1,066 ...... -1,066

 Offsetting Governmental Receipts ...... 2 -2 ...... 17 -17 ...... 16 -16

 Total--Environmental Protection Agency 770 18 753 6,292 241 6,051 5,869 248 5,621

Executive Office of the President:

 The White House 6 ...... 6 42 ...... 42 36 ...... 36

 Office of Management and Budget 11 ...... 11 72 ...... 72 70 ...... 70

 Unanticipated Needs 3 ...... 3 13 ...... 13 15 ...... 15

 Other 24 ...... 24 185 ...... 185 152 ...... 152

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

 Intrabudgetary Transactions (**) ...... (**) -40 ...... -40 (**) ...... (**)

 Total--Executive Office of the President 44 (**) 44 271 (**) 271 272 (**) 272

General Services Administration:

 Real Property Activities -142 ...... -142 113 ...... 113 -572 ...... -572

 Supply and Technology Activities -114 ...... -114 -270 ...... -270 -83 ...... -83

 General Activities 35 ...... 35 189 ...... 189 178 ...... 178

 Proprietary Receipts from the Public ...... 4 -4 ...... 33 -33 ...... 29 -29

 Intrabudgetary Transactions (**) ...... (**) -8 ...... -8 -8 ...... -8

 Total--General Services Administration -222 4 -226 25 33 -8 -486 29 -514

International Assistance Programs:

 Millennium Challenge Corporation 46 ...... 46 390 ...... 390 447 ...... 447

 International Security Assistance:

 Foreign Military Financing Program 282 ...... 282 5,700 ...... 5,700 5,262 ...... 5,262

 Economic Support Fund 237 ...... 237 2,712 ...... 2,712 3,000 ...... 3,000

 Other 71 ...... 71 840 7 833 871 7 865

 Total--International Security Assistance 590 ...... 590 9,252 7 9,245 9,133 7 9,126

 Multilateral Assistance:

 Contribution to the International Development

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

 Other 29 ...... 29 947 ...... 947 537 ...... 537

 Total--Multilateral Assistance 29 ...... 29 2,044 ...... 2,044 537 ...... 537

 Agency for International Development:

 Development Assistance Program 178 ...... 178 1,588 ...... 1,588 1,529 ...... 1,529

 Assistance for Europe, Eurasia and Central Asia 48 ...... 48 427 ...... 427 374 ...... 374

 International Disaster Assistance 742 ...... 742 3,152 ...... 3,152 2,447 ...... 2,447

 Operating Expenses 86 ...... 86 937 ...... 937 818 ...... 818

 Other 121 ...... 121 379 110 269 199 179 19

 Proprietary Receipts from the Public ...... 3 -3 ...... 36 -36 ...... 165 -165

 Intrabudgetary Transactions -6 ...... -6 -10 ...... -10 -3 ...... -3

 Total--Agency for International Development 1,168 3 1,165 6,473 146 6,327 5,365 344 5,021

 Overseas Private Investment Corporation:

 Overseas Private Investment Corporation Accounts 2 ...... 2 38 41 -3 84 103 -19

 Proprietary Receipts from the Public ...... ...... ...... ...... 57 -57 ...... 161 -161

 Total--Overseas Private Investment Corporation 2 ...... 2 38 98 -60 84 265 -181

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, May 2020 and Other Periods - Continued

[$ millions]

International Assistance Programs: - Continued

 Peace Corps 26 (**) 26 321 1 321 268 (**) 268

 Military Sales Program:

 Foreign Military Sales Trust Fund 3,582 ...... 3,582 24,929 ...... 24,929 22,293 ...... 22,293

 Other 9 22 -14 88 25 62 99 (**) 99

 Proprietary Receipts from the Public ...... 4,115 -4,115 ...... 27,018 -27,018 ...... 21,196 -21,196

 Other 23 127 -105 134 295 -161 65 2 63

 Total--International Assistance Programs 5,473 4,268 1,205 43,669 27,591 16,078 38,291 21,814 16,477

National Aeronautics and Space Administration:

 Science 522 ...... 522 4,377 ...... 4,377 4,098 ...... 4,098

 Aeronautics 68 ...... 68 562 ...... 562 464 ...... 464

 Exploration 465 ...... 465 3,337 ...... 3,337 2,900 ...... 2,900

 Cross Agency Support 270 ...... 270 1,812 ...... 1,812 1,910 ...... 1,910

 Space Operations 436 ...... 436 2,928 ...... 2,928 2,927 ...... 2,927

 Other 102 ...... 102 1,017 ...... 1,017 836 ...... 836

 Proprietary Receipts from the Public ...... (**) (**) ...... 20 -20 ...... 1 -1

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

 Total--National Aeronautics and Space Administration 1,862 (**) 1,862 14,032 20 14,012 13,133 1 13,132

National Science Foundation:

 Research and Related Activities 451 ...... 451 3,558 ...... 3,558 3,542 ...... 3,542

 Education and Human Resources 62 ...... 62 605 ...... 605 606 ...... 606

 Other 30 ...... 30 396 ...... 396 347 ...... 347

 Proprietary Receipts from the Public ...... 1 -1 ...... 21 -21 ...... 29 -29

 Total--National Science Foundation 542 1 541 4,558 21 4,537 4,495 29 4,466

Office of Personnel Management:

 Government Payment for Annuitants, Employees Health and

 Life Insurance Benefits 1,134 ...... 1,134 8,720 ...... 8,720 8,777 ...... 8,777

 Postal Service Retiree Health Benefits Fund 327 ...... 327 2,582 ...... 2,582 2,502 ...... 2,502

 Civil Service Retirement and Disability Fund 7,534 ...... 7,534 60,722 ...... 60,722 59,049 ...... 59,049

 Employees Life Insurance Fund 287 348 -61 2,164 2,545 -381 2,193 2,836 -643

 Employees and Retired Employees Health Benefits Fund 4,078 5,245 -1,167 37,714 38,060 -346 36,913 37,475 -562

 Other 59 ...... 59 94 ...... 94 158 ...... 158

 Proprietary Receipts from the Public ...... 1 -1 ...... 2 -2 ...... 4 -4

 Intrabudgetary Transactions:

 Postal Service Contributions -6 ...... -6 -612 ...... -612 -637 ...... -637

 Civil Service Retirement and Disability Fund:

 Other -3 ...... -3 -24 ...... -24 -27 ...... -27

 Total--Office of Personnel Management 13,409 5,594 7,815 111,361 40,607 70,754 108,927 40,314 68,613

Small Business Administration:

 Salaries and Expenses 322 ...... 322 -178 (**) -178 330 (**) 329

 Business Loans Program 2,118 (**) 2,118 10,177 1 10,176 242 (**) 242

 Disaster Loans Program 4,674 (**) 4,674 6,353 (**) 6,353 292 (**) 292

 Other 3,727 2 3,725 10,547 13 10,533 187 15 172

 Proprietary Receipts from the Public ...... -4 4 ...... 1,277 -1,277 ...... 946 -946

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

 Total--Small Business Administration 10,841 -3 10,844 26,899 1,291 25,608 1,051 961 90

Social Security Administration:

 Payments to Social Security Trust Funds 22 ...... 22 29,389 ...... 29,389 27,077 ...... 27,077

 Supplemental Security Income Program 5,375 ...... 5,375 40,733 ...... 40,733 44,616 ...... 44,616

 Federal Old-Age and Survivors Insurance Trust Fund

 (Off-Budget):

 Benefit Payments 79,142 ...... 79,142 621,909 ...... 621,909 586,141 ...... 586,141

 Administrative Expenses 140 ...... 140 2,309 ...... 2,309 2,640 ...... 2,640

 Total--Federal Old-Age and Survivors Insurance Trust

 Fund (Off-Budget) 79,282 ...... 79,282 624,218 ...... 624,218 588,781 ...... 588,781

 Federal Disability Insurance Trust Fund (Off-Budget):

 Benefit Payments 12,231 ...... 12,231 96,820 ...... 96,820 96,558 ...... 96,558

 Administrative Expenses 282 ...... 282 1,735 ...... 1,735 1,867 ...... 1,867

 Total--Federal Disability Insurance Trust Fund

 (Off-Budget) 12,512 ...... 12,512 98,555 ...... 98,555 98,425 ...... 98,425

 Other 244 ...... 244 342 ...... 342 106 ...... 106

 Proprietary Receipts from the Public:

 On-Budget ...... 281 -281 ...... 1,895 -1,895 ...... 1,819 -1,819

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, May 2020 and Other Periods - Continued

[$ millions]

Social Security Administration: - Continued

 Off-Budget ...... 2 -2 ...... 116 -116 ...... 109 -109

 Intrabudgetary Transactions:

 Off-Budget 6 -22 ...... -22 -29,388 ...... -29,388 -27,076 ...... -27,076

 Total--Social Security Administration 97,414 284 97,130 763,849 2,011 761,838 731,928 1,928 730,000

Independent Agencies:

 Broadcasting Board of Governors 75 (**) 75 513 (**) 513 500 (**) 500

 Bureau of Consumer Financial Protection 54 ...... 54 333 (**) 333 305 (**) 305

 Corporation for National and Community Service 66 (**) 66 626 (**) 625 625 2 623

 Corporation for Public Broadcasting ...... ...... ...... 540 ...... 540 465 ...... 465

 District of Columbia:

 Courts 28 ...... 28 217 ...... 217 209 (**) 209

 General and Special Payments 29 (**) 29 499 62 437 476 55 421

 Equal Employment Opportunity Commission 38 (**) 38 268 1 267 255 3 252

 Export-Import Bank of the United States 90 184 -94 154 185 -31 578 402 176

 Federal Communications Commission:

 Universal Service Fund 700 ...... 700 5,361 ...... 5,361 6,615 ...... 6,615

 Other 216 3 213 1,415 20 1,395 485 15 470

 Federal Deposit Insurance Corporation:

 Deposit Insurance Fund -160 ...... -160 -1,808 ...... -1,808 -5,161 ...... -5,161

 FSLIC Resolution Fund (**) (**) (**) 1 9 -8 (**) 14 -13

 Total--Federal Deposit Insurance Corporation -160 (**) -160 -1,806 9 -1,815 -5,160 14 -5,174

 Federal Drug Control Programs 29 ...... 29 214 ...... 214 168 ...... 168

 Federal Housing Finance Agency 26 ...... 26 193 ...... 193 176 ...... 176

 Institute of Museum and Library Services 12 (**) 12 140 (**) 140 135 (**) 135

 Intelligence Community Management Account 51 ...... 51 378 ...... 378 377 ...... 377

 Legal Services Corporation ...... ...... ...... 377 ...... 377 345 ...... 345

 National Archives and Records Administration 45 (**) 45 298 17 281 262 11 251

 National Credit Union Administration 28 503 -475 563 2,393 -1,830 777 1,160 -382

 National Endowment for the Arts 14 (**) 14 110 1 110 104 (**) 104

 National Endowment for the Humanities 14 ...... 14 96 (**) 96 86 1 86

 National Labor Relations Board 27 (**) 27 185 (**) 185 180 (**) 180

 Nuclear Regulatory Commission 89 1 89 613 369 244 602 563 39

 Postal Service:

 Off-Budget:

 Public Enterprise Funds 6,739 5,842 897 58,935 59,529 -594 60,618 61,100 -483

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

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

 Railroad Retirement Board:

 Federal Windfall Subsidy 1 ...... 1 10 ...... 10 12 ...... 12

 Federal Payments to the Railroad Retirement Accounts (**) ...... (**) 521 ...... 521 567 ...... 567

 Railroad Unemployment Insurance Trust Fund:

 Benefit Payments 17 ...... 17 102 ...... 102 59 ...... 59

 Transfer To Administrative Funds 1 ...... 1 12 ...... 12 13 ...... 13

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

 Rail Industry Pension Fund:

 Benefit Payments 466 ...... 466 3,719 ...... 3,719 3,691 ...... 3,691

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

 Transfer to Administrative Funds 6 ...... 6 63 ...... 63 64 ...... 64

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

 National Railroad Retirement Investment Trust:

 Administrative Expenses 5 ...... 5 42 ...... 42 40 ...... 40

 Transfers to the Railroad Retirement Trust Funds from

 the National Railroad Retirement Investment Trust 69 ...... 69 1,319 ...... 1,319 1,337 ...... 1,337

 Railroad Social Security Equivalent Benefit Account:

 Benefit Payments 627 ...... 627 5,033 ...... 5,033 4,921 ...... 4,921

 Transfer To Administrative Funds 2 ...... 2 21 ...... 21 24 ...... 24

 Other 12 ...... 12 -8 ...... -8 -23 ...... -23

 Proprietary Receipts from the Public ...... 1,170 -1,170 ...... -857 857 ...... 280 -280

 Intrabudgetary Transactions:

 Other -70 ...... -70 -1,841 ...... -1,841 -1,907 ...... -1,907

 Total--Railroad Retirement Board 1,139 1,170 -31 9,025 -857 9,882 8,797 280 8,517

 Securities and Exchange Commission 252 (**) 252 705 1 703 839 2 838

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, May 2020 and Other Periods - Continued

[$ millions]

Independent Agencies: - Continued

 Smithsonian Institution 93 ...... 93 787 (**) 787 698 (**) 698

 Tennessee Valley Authority 4,907 5,638 -731 38,141 39,258 -1,117 27,739 28,507 -768

 Other 309 39 270 3,425 479 2,946 2,701 533 2,168

 Total--Independent Agencies 14,910 13,380 1,531 122,629 101,468 21,161 110,279 92,647 17,632

Undistributed Offsetting Receipts:

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

 Employer Share, Employee Retirement:

 Department of Health and Human Services:

 Federal Hospital Insurance Trust Fund:

 Federal Employer Contributions -343 ...... -343 -2,657 ...... -2,657 -2,538 ...... -2,538

 Postal Service Employer Contributions -54 ...... -54 -441 ...... -441 -432 ...... -432

 Department of State:

 Foreign Service Retirement and Disability Fund -29 ...... -29 -243 ...... -243 -238 ...... -238

 Other Defense Civil Programs:

 Military Retirement Fund -1,751 ...... -1,751 -22,714 ...... -22,714 -21,446 ...... -21,446

 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 -3,598 ...... -3,598 -24,762 ...... -24,762 -21,044 ...... -21,044

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund:

 Federal Employer Contributions -1,431 ...... -1,431 -10,602 ...... -10,602 -9,925 ...... -9,925

 Federal Disability Insurance Trust Fund:

 Federal Employer Contributions -243 ...... -243 -1,800 ...... -1,800 -1,914 ...... -1,914

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

 Total--Employer Share, Employee Retirement -7,449 ...... -7,449 -71,271 ...... -71,271 -65,303 ...... -65,303

 Interest Received by Trust Funds:

 Judicial Branch:

 Judicial Survivors Annuity Fund -3 ...... -3 -14 ...... -14 -6 ...... -6

 Department of Health and Human Services:

 Federal Hospital Insurance Trust Fund -390 ...... -390 -4,174 ...... -4,174 -3,565 ...... -3,565

 Federal Supplementary Medical Insurance Trust Fund -15 ...... -15 -1,463 ...... -1,463 -1,434 ...... -1,434

 Department of Homeland Security:

 Oil Spill Liability Trust Fund -4 ...... -4 -59 ...... -59 -99 ...... -99

 Other -3 ...... -3 -27 ...... -27 -20 ...... -20

 Department of Labor:

 Unemployment Trust Fund -20 ...... -20 -1,122 ...... -1,122 -901 ...... -901

 Department of State:

 Foreign Service Retirement and Disability Fund (**) ...... (**) -268 ...... -268 -277 ...... -277

 Department of Transportation:

 Airport and Airway Trust Fund -32 ...... -32 -226 ...... -226 -188 ...... -188

 Department of Veterans Affairs:

 National Service Life Insurance Fund -1 ...... -1 -46 ...... -46 -58 ...... -58

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

 Corps of Engineers -9 ...... -9 -110 ...... -110 -146 ...... -146

 Other Defense Civil Programs:

 Military Retirement Fund 1,087 ...... 1,087 -11,559 ...... -11,559 -15,899 ...... -15,899

 Educational Benefits Fund (**) ...... (**) -11 ...... -11 -9 ...... -9

 Armed Forces Retirement Home (**) ...... (**) -1 ...... -1 -1 ...... -1

 Environmental Protection Agency (**) ...... (**) -72 ...... -72 -66 ...... -66

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund -23 ...... -23 -12,744 ...... -12,744 -12,954 ...... -12,954

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund -17 ...... -17 -38,205 ...... -38,205 -40,001 ...... -40,001

 Federal Disability Insurance Trust Fund -4 ...... -4 -1,423 ...... -1,423 -1,428 ...... -1,428

 Independent Agencies:

 Railroad Retirement Board -26 ...... -26 -91 ...... -91 -35 ...... -35

 Other -2 ...... -2 -28 ...... -28 -16 ...... -16

 Other -2 ...... -2 -409 ...... -409 -761 ...... -761

 Total--Interest Received by Trust Funds 535 ...... 535 -72,053 ...... -72,053 -77,863 ...... -77,863

 Rents and Royalties on the Outer Continental Shelf Lands ...... -48 48 ...... 2,774 -2,774 ...... 4,580 -4,580

 Spectrum Auction Proceeds ...... ...... ...... ...... ...... ...... -1,155 ...... -1,155

 Total--Undistributed Offsetting Receipts -6,914 -48 -6,866 -143,324 2,774 -146,099 -144,322 4,581 -148,903

Total Outlays 613,000 40,318 572,682 4,225,662 326,126 3,899,536 3,333,834 320,293 3,013,541

 Total On-Budget 516,183 34,474 481,710 3,525,106 266,481 3,258,625 2,666,089 259,083 2,407,006

 Total Off-Budget 96,817 5,845 90,972 700,557 59,645 640,912 667,745 61,210 606,535

23
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, May 2020 and Other Periods - Continued

[$ millions]

Total Surplus (+) or Deficit (-) -398,821 -1,880,296 -738,638

 Total On-Budget -385,282 -1,876,981 -737,149

 Total Off-Budget -13,539 -3,315 -1,489

MEMORANDUM

Receipts Offset Against Outlays (In Millions)

Current Comparable

Fiscal Year to Period Prior

Date Fiscal Year

Proprietary Receipts 149,002 156,503

Intrabudgetary Transactions 624,991 518,963

Governmental Receipts 8,432 10,389

 Total Receipts Offset Against Outlays 782,426 685,855

5 Includes $268 billion for Economic Impact Payments to individuals and families.

6 Includes FICA and SECA tax credits, non-contributory military service credits,

special benefits for the aged and credit for the unnegotiated OASI benefit

checks.

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

... No Transactions

1 Applicable Receipts decreased by $137 million due to additional reporting for

the month of April 2020.

2 Gross Outlays increased by $125 million due to additional reporting for the

month of April 2020.

3 Applicable Receipts increased by $90 million due to additional reporting for the

month of April 2020.

4 Includes $51 billion for Economic Impact Payments to individuals and families. (**) 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, May 2020 and Other Periods

[$ millions]

Liability Accounts:

 Borrowing from the Public:

 Treasury Securities, Issued Under General Financing Authorities:

 Debt Held by the Public 759,163 3,003,689 441,128 16,809,091 19,053,618 19,812,781

 Intragovernmental Holdings 12,926 23,169 69,237 5,910,309 5,920,553 5,933,479

 Total Treasury Securities Outstanding 772,088 3,026,858 510,366 22,719,402 24,974,172 25,746,260

 Plus Premium on Treasury Securities 392 8,690 2,073 32,781 41,078 41,471

 Less Discount on Treasury Securities -787 3,639 3,275 105,621 110,047 109,261

 Total Treasury Securities Net of Premium and Discount 773,267 3,031,909 509,164 22,646,560 24,905,202 25,678,469

 Agency Securities, Issued Under Special Financing Authorities (See

 Schedule B; for Other Agency Borrowing, See Schedule C) -704 -1,050 -672 21,455 21,109 20,405

 Total Federal Securities 772,563 3,030,859 508,492 22,668,015 24,926,311 25,698,875

 Deduct:

 Federal Securities Held as Investments of Government Accounts

 (See Schedule D) 12,538 21,506 69,254 5,893,424 5,902,393 5,914,931

 Less Discount on Federal Securities Held as Investments of

 Government Accounts -38 -1,790 1,479 28,201 26,448 26,410

 Net Federal Securities Held as Investments of Government

 Accounts 12,575 23,297 67,775 5,865,224 5,875,945 5,888,520

 Total Borrowing from the Public 759,988 3,007,563 440,717 16,802,792 19,050,367 19,810,354

 Accrued Interest Payable to the Public -14,763 -2,361 -13,485 73,285 85,687 70,924

 Allocations of Special Drawing Rights 198 308 -623 48,146 48,255 48,454

 Uninvested Balances, Deposit Funds 1,535 7,478 203,070 26,129 1

32,071 33,607

 Miscellaneous Liability Accounts (Includes Checks Outstanding Etc.) 4,557 25,483 2,263 8,483 29,409 33,966

 Total Liability Accounts 751,516 3,038,471 631,942 16,958,835 19,245,790 19,997,306

Asset Accounts (Deduct)

 Cash and Monetary Assets:

 U.S. Treasury Operating Cash:

 Federal Reserve Account 2 269,095 1,066,646 -151,838 382,483 1,180,035 1,449,129

 Balance 269,095 1,066,646 -151,838 382,483 1,180,035 1,449,129

 Special Drawing Rights:

 Total Holdings 227 445 -481 49,976 50,194 50,421

 SDR Certificates Issued to Federal Reserve Banks ...... ...... ...... -5,200 -5,200 -5,200

 Balance 227 445 -481 44,776 44,994 45,221

 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 466 723 -1,463 1,517 1,774 2,241

 Letter of Credit Issued to IMF 2,850 4,187 6,226 -91,228 -89,891 -87,041

 Dollar Deposits with the IMF -32 -7 -11 -304 -280 -312

 Receivable/Payable (-) for Interim Maintenance of Value

 Adjustments -348 -550 1,227 1,341 1,138 791

 Balance 2,937 4,352 5,979 22,955 24,371 27,308

 Loans to International Monetary Fund ...... -698 -2,075 2,759 2,061 2,061

 Other Cash and Monetary Assets -43 -557 -114 26,541 26,028 25,985

 Total Cash and Monetary Assets 272,215 1,070,189 -148,529 479,515 1,277,489 1,549,704

 Non-Federal Securities of the National Railroad Retirement

 Investment Trust 1,099 -1,909 -1,013 24,058 21,049 22,149

 Net Activity, Guaranteed Loan Financing (See Schedule E) -1,692 -5,658 23,438 32,488 28,522 26,830

 Net Activity, Direct Loan Financing (See Schedule E) 81,913 95,062 19,453 1,414,936 1,428,084 1,509,998

 Miscellaneous Asset Accounts -723 586 -466 -961 348 -375

 Total Asset Accounts 352,813 1,158,270 -107,117 1,950,036 2,755,493 3,108,306

Excess of Liabilities (+) or Assets (-) 398,703 1,880,201 739,059 15,008,798 16,490,297 16,889,000

Transactions Not Applied to Current Year's Surplus or Deficit (See

 Schedule A for Details) 118 95 -420 ...... -24 95

Total Budget and Off-Budget Federal Entities (Financing of Deficit (+)

 or Disposition of Surplus (-)) 398,821 1,880,296 738,638 15,008,798 16,490,273 16,889,095

1 The balance increased by $172 million due to additional reporting by the Revenue Service Centers, various electronic systems, and information on the

Department of the Interior and the Department of Health and Human Services for Public Debt. Information is presented on a modified cash basis. Deposits are

April 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

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, May 2020 and Other Periods

[$ millions]

Excess of Liabilities Beginning of Period:

 Based on Composition of Unified Budget in Preceding Period 16,490,125 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 172 ...... -140,646

 Excess of Liabilities Beginning of Period (Current Basis) 16,490,297 15,008,798 14,024,278

 Budget Surplus (-) or Deficit:

 Based on Composition of Unified Budget in Prior Fiscal Year 398,821 1,880,296 738,638

 Total Surplus (-) or Deficit (Table 2) 398,821 1,880,296 738,638

 Total-On-Budget (Table 2) 385,282 1,876,981 737,149

 Total-Off-Budget (Table 2) 13,539 3,315 1,489

 Transactions Not Applied to Current Year's Surplus or Deficit:

 Premium/Discount on Buyback of U.S. Treasury Securities ...... (**) -2

 Other -118 -95 422

 Total-Transactions Not Applied to Current Year's Surplus or Deficit -118 -95 420

 Excess of Liabilities Close of Period 16,889,000 16,889,000 14,763,336

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, May 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 (**) -5 -4 69 64 64

 Independent Agencies:

 Federal Communications Commission ...... ...... ...... (**) (**) (**)

 National Archives and Records Administration ...... ...... -13 (**) (**) (**)

 Tennessee Valley Authority -705 -1,045 -655 21,367 21,027 20,322

 Total Agency Securities -704 -1,050 -672 21,455 21,109 20,405

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,

May 2020 and Other Periods

[$ millions]

Borrowing from the US Treasury:

 Department of Agriculture:

 Farm Service Agency:

 Commodity Credit Corporation 6,093 1,726 9,813 24,862 20,495 26,588

 Agricultural Credit Insurance Fund 306 555 -696 13,084 13,333 13,639

 Farm Storage Facility Loans 4 73 86 1,067 1,136 1,140

 Apple Loans Fund ...... ...... ...... (**) (**) (**)

 Emergency Boll Weevil Loan Fund ...... -1 -1 4 3 3

 Rural Housing Service:

 Rural Housing Insurance 84 -477 370 18,783 18,222 18,306

 Rural Community Facility Loans Fund 77 157 1,085 10,368 10,447 10,525

 Multifamily Housing Revitalization Loan Account 1 23 (**) 454 476 477

 Rural Business - Cooperative Service:

 Rural Business and Industry Loans ...... -59 -12 88 30 30

 Rural Development Loan Fund 1 -15 2 304 288 289

 Rural Economic Development Loan Fund ...... -23 15 221 198 198

 Renewable Energy Guaranteed Loan Account ...... -1 (**) 1 (**) (**)

 Rural Microenterprise Investment Loans ...... -1 1 44 43 43

 Biorefinery Assistance Loan Account ...... -2 -13 2 ...... ......

 Rural Utilities Service:

 Rural Water and Waste Disposal Fund 74 70 388 13,270 13,267 13,341

 Rural Electrification and Telecommunications Fund 36 -382 340 6,865 6,447 6,483

 Rural Telephone Bank ...... -29 -3 118 90 90

 Distance Learning and Telemedicine Program (**) -189 -10 788 599 599

 Foreign Agricultural Service ...... ...... ...... 432 432 432

 Department of Commerce:

 National Oceanic and Atmospheric Administration:

 Fisheries Finance 6 22 28 395 411 417

 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 ...... 82,681 93,939 1,211,865 1,294,546 1,294,546

 Teach Grant Loans ...... 80 45 651 731 731

 Temporary Student Loan Purchase Authority ...... -250 -872 39,713 39,462 39,462

 Federal Family Education Loans ...... 6,682 34 35,265 41,947 41,947

 Department of Energy:

 Bonneville Power Administration Fund 50 540 -232 5,280 5,770 5,820

 Western Area Power Administration - Recovery Act ...... ...... -21 76 76 76

 Title 17 Innovative Technology Loans -69 -2 165 748 815 746

 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 (**) 2 2 71 72 73

 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 8,625 30,386 44,722 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 ...... 32377

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,

May 2020 and Other Periods - Continued

[$ millions]

Borrowing from the US Treasury: - Continued

 Department of Transportation:

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund 77 984 1,030 19,445 20,351 20,429

 Federal Railroad Administration:

 Railroad Rehabilitation and Improvement Loan Fund 20 270 719 1,187 1,436 1,456

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

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) Fund ...... ...... 5 125 125 125

 Maritime Guaranteed Loan (Title XI) FFB Financing Account ...... 1 ...... ...... 1 1

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund 5 8 10 96 99 104

 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 -104 -104 ...... 153 153 49

 ESF - Economic Stabilization Program 81,442 81,442 ...... ...... ...... 81,442

 Federal Financing Bank Revolving Fund 509 7,679 1,961 63,751 70,921 71,430

 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 ...... 165 (**) (**) 165 165

 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 ...... ......

 Overseas Private Investment Corporation ...... -3,829 529 3,829 ...... ......

 United States International Development Finance Corporation 81 4,399 ...... ...... 4,318 4,399

 Small Business Administration:

 Business Loan Fund 10 156 -66 2,220 2,366 2,376

 Disaster Loan Fund 30,000 56,118 1,353 9,590 35,708 65,708

 Independent Agencies:

 Export-Import Bank of the United States ...... ...... 46 16,946 16,946 16,946

 Presidio Trust ...... ...... ...... 38 38 38

 Railroad Retirement Board:

 Social Security Equivalent Benefit Account 395 2,936 2,777 3,934 6,475 6,870

 Smithsonian Institution:

 John F. Kennedy Center Parking Facilities ...... ...... ...... 20 20 20

 Other:

 Borrowing from the US Treasury - Other ...... (**) ...... ...... (**) (**)

 Total Borrowing from the US Treasury 119,098 255,901 121,560 1,570,919 1,707,721 1,826,820

Borrowing from the Federal Financing Bank:

 Department of Agriculture:

 Rural Utilities Service:

 Rural Electrification and Telecommunications Fund 496 2,397 1,168 46,289 48,190 48,686

 Department of Education:

 Historically Black College and University Capital Financing

 Fund (**) 23 29 1,479 1,501 1,502

 Department of Energy:

 Advanced Technology Vehicles Manufacturing Loans ...... -295 -295 1,618 1,323 1,323

 Title 17 Innovative Technology Loans -19 763 1,809 12,804 13,586 13,567

 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 11 305 204 1,969 2,263 2,274

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,

May 2020 and Other Periods - Continued

[$ millions]

Borrowing from the Federal Financing Bank: - Continued

 Department of Transportation:

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) FFB Financing Account ...... 186 ...... ...... 186 186

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund 1 56 226 1,017 1,072 1,073

 Department of Veterans Affairs:

 Guaranteed Transitional Housing Loans for Homeless Veterans ...... (**) (**) 4 4 4

 Independent Agencies:

 Postal Service ...... 3,400 -2,200 11,000 14,400 14,400

 Total Borrowing from the Federal Financing Bank 490 6,835 941 76,180 82,525 83,015

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, May 2020 and Other Periods

[$ millions]

Federal Funds:

 Department of Agriculture ...... 12 11 226 238 238

 Department of Commerce ...... 2 2 ...... 2 2

 Department of Defense--Military Programs:

 Defense Cooperation Account (**) (**) (**) 8 8 8

 Department of Energy -134 287 -67 55,848 56,269 56,135

 Department of Health and Human Services ...... 11,006 10,236 ...... 11,006 11,006

 Department of Homeland Security 620 278 488 1,525 1,184 1,803

 Department of Housing and Urban Development:

 Housing Programs:

 Federal Housing Administration Fund 569 3,868 20,745 50,601 53,899 54,468

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities -427 -7,762 -192 15,784 8,449 8,022

 Department of the Interior -266 397 358 9,921 10,585 10,319

 Department of Justice 142 148 -1,032 1,040 1,047 1,188

 Department of Labor 899 4,336 3,879 37,020 40,458 41,357

 Department of State:

 Foreign Service Retirement and Disability Fund (**) 7 5 23 29 30

 Other ...... (**) (**) 15 15 15

 Department of Transportation 495 -80 29 2,343 1,768 2,263

 Department of the Treasury -1,526 -11,444 240 23,842 13,924 12,398

 Department of Veterans Affairs:

 Veterans Reopened Insurance Fund -2 -13 -13 84 72 70

 Servicemen'S Group Life Insurance Fund 150 603 (**) 301 754 904

 Other Defense Civil Programs:

 Uniformed Services Retiree Health Care Fund -993 15,403 13,857 254,176 270,572 269,579

 Office of Personnel Management:

 Postal Service Contributions -320 -1,970 -2,318 44,611 42,961 42,640

 Independent Agencies:

 Federal Deposit Insurance Corporation:

 Deposit Insurance Fund 156 1,667 5,345 104,015 105,526 105,682

 FSLIC Resolution Fund (**) 9 14 872 881 881

 Federal Housing Finance Agency -23 104 84 71 199 175

 National Credit Union Administration 469 1,811 387 15,736 17,079 17,547

 Postal Service -967 3,873 -1,905 9,341 14,181 13,214

 Tennessee Valley Authority ...... -25 (**) 25 ...... ......

 Other

 Treasury Securities 285 -61 -1,549 11,501 11,155 11,440

 Other 44 1,420 -366 8,581 9,957 10,001

 Total Treasury Securities -830 23,875 48,237 647,510 672,216 671,385

 Total Federal Funds -830 23,875 48,237 647,510 672,216 671,385

Trust Funds:

 Legislative Branch:

 Library of Congress 1 2 4 23 24 25

 United States Tax Court (**) (**) (**) 13 13 13

 Other (**) 3 1 29 32 32

 Judicial Branch:

 Judicial Retirement Funds (**) 182 118 1,304 1,486 1,486

 Department of Agriculture ...... ...... (**) 6 6 6

 Department of Commerce 1,237 78 1,296 7,561 6,403 7,639

 Department of Defense--Military Programs:

 Voluntary Separation Incentive Fund -3 9 6 89 102 98

 Other 152 34 448 1,735 1,617 1,769

 Department of Health and Human Services:

 Federal Supplementary Medical Insurance Trust Fund 9,200 -11,973 -12,538 104,716 83,543 92,743

 Other -1,251 -69,934 -15,870 202,509 133,826 132,575

 Department of Homeland Security 68 169 351 8,853 8,954 9,023

 Department of the Interior 15 95 -8 36 116 131

 Department of Labor:

 Unemployment Trust Fund 31,781 20,184 12,004 84,361 72,764 104,546

 Other -10 -12 -17 64 62 52

 Department of State:

 Foreign Service Retirement and Disability Fund 83 292 44 19,318 19,527 19,610

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, May 2020 and Other Periods - Continued

[$ millions]

Trust Funds: - Continued

 Other (**) -1 -2 46 45 45

 Department of Transportation:

 Airport and Airway Trust Fund -3,466 -2,867 1,408 15,018 15,617 12,151

 Highway Trust Fund -4,283 -9,369 -4,165 28,192 23,106 18,823

 Department of the Treasury -78 77 192 3,578 3,733 3,656

 Department of Veterans Affairs:

 General Post Fund, National Homes ...... (**) -6 119 120 120

 National Service Life Insurance -48 -360 -403 2,456 2,144 2,096

 United States Government Life Insurance Fund (**) (**) (**) 2 2 2

 Veterans Special Life Insurance Fund -14 -99 -91 1,357 1,272 1,258

 Corps of Engineers -25 286 1,397 9,454 9,766 9,740

 Other Defense Civil Programs:

 Military Retirement Fund -4,531 94,224 80,823 827,414 926,168 921,637

 Other 17 -52 -7 1,158 1,088 1,105

 Environmental Protection Agency -111 354 559 6,024 6,489 6,378

 National Aeronautics and Space Administration ...... -1 -1 16 15 15

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund

 Treasury Securities -3,410 -19,773 -44,811 939,703 923,340 919,930

 Employees Life Insurance Fund 61 352 939 48,199 48,490 48,551

 Employees and Retired Employees Health Benefits Fund 1,167 303 754 27,802 26,939 28,105

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund -11,808 -2,393 -6,467 2,804,396 2,813,811 2,802,004

 Federal Disability Insurance Trust Fund -1,021 -1,312 4,757 96,520 96,229 95,208

 Independent Agencies:

 Harry S Truman Scholarship Foundation ...... -10 -10 51 41 41

 Japan-United States Friendship Commission ...... ...... -1 35 35 35

 Railroad Retirement Board

 Treasury Securities -269 -721 73 2,606 2,153 1,885

 Other

 Treasury Securities -89 -138 238 1,149 1,100 1,011

 Total Treasury Securities 13,368 -2,369 21,017 5,245,914 5,230,177 5,243,545

 Total Trust Funds 13,368 -2,369 21,017 5,245,914 5,230,177 5,243,545

Grand Total 12,538 21,506 69,254 5,893,424 5,902,393 5,914,931

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, May 2020 and Other Periods

[$ millions]

Guaranteed Loan Financing Activity:

 Department of Agriculture:

 Farm Service Agency:

 Commodity Credit Corporation Export Fund 10 -23 -37 183 150 160

 Agricultural Credit Insurance Fund -4 -7 -2 -207 -210 -214

 Natural Resources Conservation Service:

 Agricultural Resource Conservation Demonstration Program ...... ...... ...... (**) (**) (**)

 Rural Housing Service:

 Rural Community Facility Loans (**) 1 -1 -42 -41 -41

 Rural Housing Insurance Fund -8 2 57 851 860 852

 Rural Business - Cooperative Service:

 Rural Business and Industry Loans 9 -8 -25 -157 -173 -165

 Renewable Energy Guaranteed Loan Account -1 -3 -8 -50 -53 -53

 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 -123 -1,241 -1,012 23,825 22,707 22,584

 Department of Energy:

 Title 17 Innovative Technology Loans ...... -51 21 -126 -177 -177

 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 32 26 -7 -135 -141 -109

 Native Hawaiian Housing Loans -2 -2 -1 -1 -1 -3

 Community Planning and Development:

 Community Development Loans (**) 9 -1 -14 -5 -5

 Housing Programs:

 FHA-Mutual Mortgage Insurance Loans -149 1,108 20,554 19,700 20,956 20,807

 FHA-General and Special Risk Fund 204 1,135 1,684 -2,389 -1,458 -1,254

 Home Ownership Preservation Entity Fund (**) (**) (**) -17 -17 -17

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities -571 -1,621 -1,187 6,253 5,203 4,632

 Department of the Interior:

 Bureau of Indian Affairs and Bureau of Indian Education -1 -4 -23 -46 -49 -50

 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 -12 -11 -26 -51 -49 -62

 Department of the Treasury:

 Departmental Offices:

 Air Transportation Stabilization Fund ...... ...... ...... (**) (**) (**)

 Troubled Assets Insurance Financing Fund ...... ...... ...... (**) (**) (**)

 Troubled Asset Relief Program 1 1 1 -2 -2 -1

 Department of Veterans Affairs:

 Veterans Benefits Administration:

 Veterans Housing Benefit Program Fund -174 1,946 2,710 -9,169 -7,050 -7,223

 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, May 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 88 255 278 278

 United States International Development Finance Corporation 8 13 ...... ...... 6 13

 Urban and Environmental Credit 1 1 ...... ...... (**) 1

 Small Business Administration:

 Business Loan Fund -1,019 -7,051 384 -1,662 -7,694 -8,713

 Independent Agencies:

 Export-Import Bank of the United States 108 96 276 -568 -580 -472

 Net Activity, Guaranteed Loan Financing -1,692 -5,658 23,438 32,488 28,522 26,830

Direct Loan Financing Activity:

 Department of Agriculture:

 Farm Service Agency:

 Agricultural Credit Insurance Fund 181 565 66 11,550 11,934 12,115

 Farm Storage Facility Loans -20 22 50 819 862 842

 Apple Loans Fund ...... ...... ...... (**) (**) (**)

 Emergency Boll Weevil Loan Fund ...... -2 -1 3 2 2

 Rural Housing Service:

 Rural Community Facility Loans Fund -16 279 814 9,512 9,807 9,791

 Rural Housing Insurance Fund -42 -362 -387 15,735 15,415 15,373

 Multifamily Housing Revitalization Loan Account (**) 29 13 416 445 445

 Rural Business - Cooperative Service:

 Rural Business and Industry Loan Fund (**) (**) (**) (**) -1 -1

 Rural Development Loan Fund (**) -12 -11 280 269 268

 Rural Economic Development Loan Fund -2 -12 7 185 175 173

 Rural Microenterprise Investment Loans (**) (**) (**) 40 40 40

 Rural Utilities Service:

 Rural Water and Waste Disposal Loans -28 -214 -34 11,857 11,672 11,643

 Rural Electrification and Telecommunications Fund 474 2,236 1,194 48,284 50,045 50,519

 Rural Telephone Bank -1 -12 -14 92 81 80

 Distance Learning and Telemedicine Program -5 -49 -53 560 516 510

 Rural Development Insurance Fund ...... ...... ...... 1,065 1,065 1,065

 Foreign Agricultural Service:

P.L. 480 Direct Loan Fund -25 -82 -58 407 350 324

International Debt Reduction ...... -4 -7 -62 -66 -66

 Department of Commerce:

 National Oceanic and Atmospheric Administration:

 Fisheries Finance 3 -10 -12 395 382 386

 Department of Defense--Military Programs -63 -115 -31 1,714 1,662 1,599

 Department of Education:

 Office of Postsecondary Education:

 College Housing and Academic Facilities Loans (**) (**) (**) 3 3 3

 Historically Black College and University Capital Financing

 Fund 2 23 58 1,320 1,341 1,343

 Office of Student Financial Assistance:

 Federal Direct Student Loans 2,946 18,988 21,762 1,177,207 1,193,249 1,196,195

 Teach Grant Loans 3 20 9 616 633 636

 Temporary Student Loan Purchase Authority -136 -3,399 -5,057 58,858 55,596 55,460

 Department of Energy:

 Advanced Technology Vehicles Manufacturing Loans 17 -298 -273 1,548 1,232 1,250

 Title 17 Innovative Technology Loans 16 767 1,952 12,737 13,488 13,503

 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 (**) -7 -3 34 27 28

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, May 2020 and Other Periods - Continued

[$ millions]

Direct Loan Financing Activity: - Continued

 Department of Housing and Urban Development:

 Housing Programs:

 Emergency Homeowners' Relief Fund (**) (**) -1 -1 -1 -1

 FHA-Mutual Mortgage Insurance Loans ...... ...... ...... (**) (**) (**)

 FHA-General and Special Risk Fund 12 333 188 2,077 2,398 2,410

 Green Retrofit Program for Multifamily Housing Fund (**) -4 -3 8 4 4

 Department of the Interior:

 Bureau of Reclamation ...... -3 -3 30 27 27

 Bureau of Indian Affairs and Bureau of Indian Education ...... (**) -1 2 2 2

 Assistance to American Samoa Loan Fund -1 -1 -1 8 8 7

 Department of State:

 Administration of Foreign Affairs:

 Repatriation Loans 1 -1 -1 1 (**) (**)

 Department of Transportation:

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund 77 -3,906 456 19,332 15,349 15,426

 Tiger Tifia Loan Fund ...... -1 -1 58 58 58

 Federal Railroad Administration:

 Railroad Rehabilitation and Improvement Loan Fund 15 204 685 1,070 1,260 1,274

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) FFB Financing Account -8 178 ...... ...... 186 178

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund 8 62 230 1,110 1,163 1,171

 GSE Mortgage-Backed Securities Purchase Program ...... ...... ...... 4,613 4,613 4,613

 Temporary Credit and Liquidity Program -97 -1,030 -351 3,644 2,712 2,615

 Troubled Asset Relief Program 67 64 -1 -43 -46 21

 Small Business Lending Program -4 -8 -17 53 49 45

 ESF - Economic Stabilization Program 52,770 52,770 ...... ...... ...... 52,770

 Bureau of the Fiscal Service ...... ...... ...... (**) (**) (**)

 Department of Veterans Affairs:

 Veterans Benefits Administration:

 Veterans Housing Benefit Program Fund -1 20 -7 389 409 408

 Native American Veteran Housing Fund (**) -2 -2 68 66 67

 Transitional Housing Loans (**) (**) (**) (**) (**) (**)

 Vocational Rehabilitation Loan Fund (**) (**) (**) (**) (**) (**)

 Environmental Protection Agency:

 Water Infrastructure Finance and Innovation Loan Program (**) 164 (**) (**) 164 164

 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 -55 -146 -172 -172

 Overseas Private Investment Corporation ...... 42 68 2,860 2,902 2,902

 International Monetary Programs ...... ...... ...... -278 -278 -278

 United States International Development Finance Corporation 56 -36 ...... ...... -91 -36

 Small Business Administration:

 Business Loan Fund 12 -8 -3 172 153 165

 Disaster Loan Fund 25,767 30,429 363 8,252 12,914 38,681

 Independent Agencies:

 Export-Import Bank of the United States -63 -2,117 -2,504 13,831 11,777 11,714

 Federal Communications Commission:

 Spectrum Auction Loan Fund ...... ...... (**) (**) (**) (**)

 Net Activity, Direct Loan Financing 81,913 95,062 19,453 1,414,936 1,428,084 1,509,998

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 75,257 47,760 892,477 1,160,328

 Corporation Income Taxes 6,571 532 58,311 10,492 -2,041 10,390 3,940 -1,795 86,399 113,086

 Social Insurance and Retirement Receipts:

 Employment and General Retirement 86,671 93,654 102,399 117,604 97,239 107,165 129,982 99,529 834,243 792,875

 Unemployment Insurance 2,757 2,596 248 3,019 2,279 296 9,063 11,720 31,979 33,009

 Other Retirement 389 486 449 422 400 405 402 505 3,458 3,158

 Excise Taxes 6,037 7,513 7,017 6,308 6,685 6,415 353 2,701 43,028 64,085

 Estate and Gift Taxes 1,691 1,239 1,698 2,361 1,584 1,217 13 736 10,538 11,348

 Customs Duties 7,757 6,940 6,449 6,918 6,286 4,815 4,114 3,833 47,112 44,866

 Miscellaneous Receipts 7,260 6,461 6,529 8,506 5,892 7,749 18,739 8,871 70,007 52,149

 Total--Receipts This Year 245,521 225,185 335,805 372,288 187,951 236,766 241,863 173,861 2,019,240 ......

 (On-Budget) 181,095 155,648 259,671 281,546 112,136 153,068 142,052 96,428 1,381,643 ......

 (Off-Budget) 64,426 69,537 76,135 90,742 75,815 83,698 99,811 77,433 637,597 ......

 Total--Receipts Prior Year 252,692 205,961 312,584 339,980 167,265 228,811 535,545 232,064 ...... 2,274,902

 (On-Budget) 190,915 139,336 242,999 253,837 95,390 149,414 439,736 158,229 ...... 1,669,857

 (Off-Budget) 61,777 66,625 69,585 86,143 71,875 79,397 95,809 73,835 ...... 605,046

Outlays:

 Legislative Branch 504 303 586 460 385 455 384 443 3,521 3,254

 Judicial Branch 713 776 677 689 631 701 668 776 5,632 5,374

 Department of Agriculture:

 Commodity Credit Corporation 5,774 6,662 3,145 845 3,172 -75 -667 -290 18,566 17,840

 Foreign Agricultural Service 297 147 154 170 221 125 111 269 1,496 1,291

 Other 13,022 11,759 11,763 10,210 10,079 11,179 10,860 12,532 91,404 86,051

 Department of Commerce 963 2,359 1,291 1,012 993 1,200 1,478 1,202 10,498 7,753

 Department of Defense--Military Programs:

 Military Personnel 28,921 14,024 12,271 11,838 12,061 7,429 11,872 11,961 110,376 111,684

 Operation and Maintenance 21,805 21,315 23,294 23,443 21,683 25,018 23,262 23,204 183,023 177,009

 International Reconstruction and Other

 Assistance ...... ...... ...... ...... 2 2 -3 ...... (**) 6

 Procurement 8,404 14,858 13,029 8,838 10,928 14,186 11,077 13,079 94,400 80,383

 Research, Development, Test, and Evaluation 7,690 7,430 9,703 5,952 6,659 10,789 7,957 8,659 64,837 60,877

 Military Construction 862 583 668 521 611 864 876 601 5,585 5,203

 Family Housing 84 67 97 79 97 89 119 151 782 707

 Revolving and Management Funds 258 1,241 981 -92 551 -317 394 921 3,936 3,819

 Other 209 556 -1,000 -224 30 -204 -273 -122 -1,027 -391

 Total Department of Defense--Military Programs 68,233 60,073 59,042 50,354 52,622 57,855 55,280 58,453 461,912 439,296

 Department of Education 8,094 4,772 4,785 9,839 9,295 6,366 5,806 8,929 57,886 52,323

 Department of Energy 3,109 2,639 2,226 2,830 2,348 2,876 2,662 2,690 21,379 18,753

 Department of Health and Human Services:

 National Institutes of Health 3,179 3,110 3,002 2,932 3,059 3,240 2,886 2,845 24,254 23,486

 Centers for Medicare and Medicaid Services:

 Grants to States for Medicaid 34,777 33,243 32,932 34,760 37,235 34,664 45,304 39,862 292,776 268,533

 Federal Hospital Insurance Trust Fund 27,210 35,953 18,135 39,218 27,307 19,671 118,020 -2,190 283,326 228,575

 Federal Supplementary Medical Insurance

 Trust Fund 38,895 57,493 19,585 59,190 35,558 19,186 45,113 63,171 338,191 317,673

 Other 34,196 30,045 30,051 38,169 31,681 30,456 35,625 31,904 262,127 256,954

 Administration for Children and Families 4,848 5,527 4,594 4,908 4,637 5,255 5,297 4,688 39,753 36,990

 Other -37,714 -33,291 -36,428 -44,759 -37,500 -38,945 -2,237 -11,572 -242,447 -297,865

 Department of Homeland Security 4,884 5,053 5,450 4,563 4,299 4,776 5,487 6,031 40,543 38,650

 Department of Housing and Urban Development 3,836 3,798 4,056 3,667 3,753 4,452 4,093 4,797 32,452 13,335

 Department of the Interior 1,251 900 1,467 1,255 856 1,495 2,120 1,162 10,506 8,620

 Department of Justice 3,135 2,778 3,024 3,671 364 3,534 5,645 2,817 24,968 23,163

 Department of Labor:

 Unemployment Trust Fund 2,285 2,079 2,941 3,407 3,090 4,659 21,550 29,561 69,572 22,081

 Other -5,653 1,278 2,206 1,475 265 990 27,970 64,308 92,840 1,561

 Department of State 2,251 3,377 2,733 2,411 2,213 2,760 2,858 1,658 20,262 19,055

 Department of Transportation:

 Highway Trust Fund 4,742 3,683 3,153 2,528 2,998 3,345 2,900 3,759 27,109 25,065

 Other 2,728 2,810 3,380 2,915 4,007 2,927 4,581 6,080 29,428 21,390

 Department of the Treasury:

 Interest on Treasury Debt Securities (Gross) 30,319 35,643 94,225 33,903 34,891 40,471 41,004 26,503 336,959 354,068

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 22,626 392,098 71,967 578,237 122,950

 Department of Veterans Affairs:

 Compensation and Pensions 8,604 16,622 8,841 8,955 9,627 1,006 9,287 9,497 72,439 73,729

 National Service Life 54 49 37 63 43 58 55 51 411 460

 Other 8,937 10,481 8,136 8,964 8,128 6,230 9,276 9,943 70,095 66,739

 Corps of Engineers 710 684 785 731 663 795 1,089 326 5,782 4,272

 Other Defense Civil Programs 5,354 10,121 5,360 6,191 5,026 515 5,014 5,875 43,456 45,238

 Environmental Protection Agency 831 829 777 826 707 690 638 753 6,051 5,621

 Executive Office of the President 33 33 33 32 32 33 31 44 271 272

 General Services Administration 46 -54 -17 -27 400 -3 -128 -226 -8 -514

 International Assistance Programs:

 International Security Assistance 513 2,093 1,100 3,526 426 505 493 590 9,245 9,125

 Multilateral Assistance (**) 1 235 46 3 1,489 242 29 2,044 537

 Agency for International Development 1,095 816 626 457 728 730 710 1,165 6,327 5,021

 Other -176 -564 -2,667 -1,540 285 2,649 1,054 -579 -1,538 1,794

 National Aeronautics and Space Administration 1,715 1,793 2,346 1,318 1,489 1,864 1,625 1,862 14,012 13,132

 National Science Foundation 679 595 549 578 535 538 522 541 4,537 4,466

 Office of Personnel Management 9,587 8,470 8,102 9,445 9,062 8,988 9,286 7,815 70,754 68,613

 Small Business Administration 81 81 104 85 102 -1,056 15,367 10,844 25,608 90

 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 79,245 79,282 624,218 588,781

 Federal Disability Insurance Trust Fund

 (Off-Budget) 12,285 12,259 11,774 12,402 12,262 12,540 12,520 12,512 98,555 98,425

 Other 4,688 9,303 4,896 4,820 4,896 309 4,816 5,336 39,065 42,794

 Independent Agencies:

 Deposit Insurance Fund 367 124 -989 266 -631 -1,312 528 -160 -1,808 -5,161

 FSLIC Resolution Fund -2 -1 -2 -1 -1 (**) (**) (**) -8 -13

 Postal Service:

 Off-Budget:

 Public Enterprise Funds 545 788 -690 -696 -91 -459 -887 897 -594 -483

 Other 38 20 1 208 ...... ...... ...... ...... 267 265

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

 Tennessee Valley Authority -188 -95 36 -180 -302 428 -85 -731 -1,117 -768

 Other 2,399 2,532 2,658 2,105 3,428 4,115 5,600 1,525 24,363 23,736

 Undistributed Offsetting Receipts:

 Employer Share, Employee Retirement -22,480 -7,025 -7,112 -6,895 -6,741 -6,760 -6,810 -7,449 -71,271 -65,303

 Interest Received by Trust Funds 3,223 -2,183 -59,103 -1,716 -3,729 -2,767 -6,312 535 -72,053 -77,863

 Rents and Royalties on the Outer Continental

 Shelf Lands -441 -295 -672 -480 -115 -631 -188 48 -2,774 -4,580

 Other (**) (**) (**) (**) (**) (**) (**) (**) -1 -1,156

 Totals This Year:

 Total Outlays 379,988 434,024 349,091 404,883 423,229 355,754 979,885 572,682 3,899,536 ......

 (On-Budget) 300,962 345,901 302,065 326,440 334,290 266,410 900,847 481,710 3,258,625 ......

 (Off-Budget) 79,026 88,122 47,026 78,443 88,939 89,344 79,038 90,972 640,912 ......

 Total-Surplus (+) or Deficit (-) -134,467 -208,838 -13,286 -32,595 -235,278 -118,988 -738,022 -398,821 -1,880,296 ......

 (On-Budget) -119,867 -190,253 -42,394 -44,894 -222,155 -113,342 -758,795 -385,282 -1,876,981 ......

 (Off-Budget) -14,600 -18,585 29,108 12,299 -13,124 -5,646 20,773 -13,539 -3,315 ......

 Total Borrowing from the Public 159,836 125,462 65,767 41,898 200,119 267,964 1,386,5 759,988 3,007,563 440,717

28

 Total-Outlays Prior Year 353,183 410,864 326,123 331,299 401,243 375,756 375,240 439,833 ...... 3,013,541

 (On-Budget) 279,122 328,697 284,536 256,096 316,103 290,478 299,230 352,744 ...... 2,407,006

 (Off-Budget) 74,061 82,166 41,588 75,203 85,140 85,278 76,011 87,089 ...... 606,535

 Total-Surplus (+) or Deficit (-) Prior Year -100,491 -204,903 -13,539 8,681 -233,977 -146,945 160,304 -207,768 ...... -738,638

 (On-Budget) -88,207 -189,361 -41,537 -2,259 -220,713 -141,064 140,506 -194,514 ...... -737,149

 (Off-Budget) -12,284 -15,541 27,997 10,940 -13,265 -5,881 19,798 -13,254 ...... -1,489

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 May 31, 2020

[$ millions]

Trust Receipts, Outlays, and Investments Held:

 Airport and Airway -540 2,487 -3,027 19,726 12,374 7,352 15,018 15,617 12,151

 Black Lung Disability 8 17 -8 132 142 -10 ...... ...... ......

 Federal Disability Insurance 11,489 12,512 -1,023 97,196 98,555 -1,359 96,520 96,229 95,208

 Federal Employees Life and Health ...... -1,228 1,228 ...... -727 727 76,001 75,429 76,656

 Federal Employees Retirement 4,299 7,632 -3,333 42,192 61,498 -19,306 960,338 944,365 941,038

 Federal Hospital Insurance 23,028 -2,045 25,073 214,544 284,579 -70,034 ...... ...... ......

 Federal Old-Age and Survivors Insurance 67,663 79,282 -11,620 621,935 624,218 -2,283 2,804,396 2,813,811 2,802,004

 Federal Supplementary Medical Insurance 41,168 63,171 -22,003 324,959 338,191 -13,233 104,716 83,543 92,743

 Hazardous Substance Superfund 11 131 -120 1,301 1,019 281 5,251 5,629 5,525

 Highways 676 4,469 -3,792 23,796 34,182 -10,386 28,192 23,106 18,823

 Military Advances 4,115 3,582 534 27,018 24,929 2,089 ...... ...... ......

 Military Retirement 664 5,199 -4,534 126,146 41,411 84,735 827,414 926,168 921,637

 Railroad Retirement 1,619 1,185 435 4,662 10,217 -5,555 2,606 2,153 1,885

 Unemployment 24,958 29,580 -4,622 115,910 69,685 46,225 84,361 72,764 104,546

 Veterans Life Insurance 2 67 -64 63 528 -465 3,815 3,418 3,356

 All Other Trust 486 608 -122 4,945 4,055 889 237,286 167,944 167,973

 Total Trust Fund Receipts and Outlays and Investments

 Held from Table 6-D 179,647 206,646 -26,999 1,624,525 1,604,856 19,669 5,245,914 5,230,177 5,243,545

 Less: Interfund Transactions 67,568 67,568 ...... 718,949 718,949 ...... ...... ...... ......

 Trust Fund Receipts and Outlays on the Basis of

 Tables 4 & 5 112,079 139,078 -26,999 905,576 885,907 19,669

Total Federal Fund Receipts and Outlays 61,863 433,685 -371,822 1,114,135 3,014,100 -1,899,966

 Less: Interfund Transactions 81 81 ...... 471 471 ......

 Federal Fund Receipts and Outlays on the Basis of

 Table 4 & 5 61,781 433,604 -371,822 1,113,664 3,013,630 -1,899,966

Net Budget Receipts & Outlays 173,861 572,682 -398,821 2,019,240 3,899,536 -1,880,296

Note: Details may not add to totals due to rounding. receipts and outlays since the receipt side of such transactions is offset

Note: Interfund receipts and outlays are transactions between Federal funds and against budget outlays. In this table, Interfund receipts are shown as an

trust funds such as Federal payments and contributions, and interest and profits adjustment to arrive at total receipts and outlays of trust funds respectively.

on investments in Federal securities. They have no net effect on overall budget ... No Transactions

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, May 2020 and Other Periods

[$ millions]

Receipts

 Individual Income Taxes 47,760 892,477 1,160,328

 Corporation Income Taxes -1,795 86,399 113,086

 Social Insurance and Retirement Receipts:

 Employment and General Retirement 99,529 834,243 792,875

 Unemployment Insurance 11,720 31,979 33,009

 Other Retirement 505 3,458 3,158

 Excise Taxes 2,701 43,028 64,085

 Estate and Gift Taxes 736 10,538 11,348

 Customs Duties 3,833 47,112 44,866

 Miscellaneous Receipts 8,871 70,007 52,149

 Total 173,861 2,019,240 2,274,902

Net Outlays

 National Defense 61,084 485,402 461,515

 International Affairs 4,488 48,894 36,407

 General Science, Space, and Technology 2,820 22,036 20,872

 Energy 36 3,869 1,289

 Natural Resources and Environment 2,932 27,327 23,316

 Agriculture 599 31,627 31,111

 Commerce and Housing Credit 10,790 33,654 -23,803

 Transportation 16,191 84,995 57,101

 Community and Regional Development 8,309 25,687 20,687

 Education, Training, Employment, and Social Services 10,867 79,972 73,683

 Health 79,121 479,307 383,590

 Medicare 49,955 531,981 462,606

 Income Security 184,438 785,540 384,499

 Social Security 92,022 722,888 687,098

 Veterans Benefits and Services 19,501 143,115 141,219

 Administration of Justice 5,182 46,717 43,234

 General Government 5,941 159,352 11,327

 Net Interest 25,809 261,219 268,829

 Undistributed Offsetting Receipts -7,401 -74,045 -71,038

 Total 572,682 3,899,536 3,013,541

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 -XQH 20 Statement 

will be 2:00 p.m. EST -XO\  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