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 December 31, 2019, 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

The gross interest on Treasury debt securities, which includes the semi-annual interest payment to trust 

funds investing in special issue par value government securities, is $94 billion. Net interest, which includes 

interest paid to and received by trust funds, totals $34 billion.

Outlays for Military active duty and retirement, Veterans’ benefits, Supplemental Security Income, and 

Medicare payments to Health Maintenance Organizations and prescription drug plans accelerated into 

November, because December 1, 2019, the normal payment date, fell on a non-business day.

Outlays for Military active duty and retirement, Veterans’ benefits and Supplemental Security Income 

accelerated into December, because January 1, 2020, the normal payment date, fell on a non-business day.
4

Total Receipts

$336 Billion

Total Outlays

$349 Billion

Receipts by Source: Outlays by Function:

Figure 1. Receipts, Outlays, and Surplus/Deficit for December 2019

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

Total Receipts

$ 806 Billion

Total Outlays

$1,163 Billion

Receipts by Source: Outlays by Function:

Deficit

$357 Billion

Source data: Table 9

Individual Income Taxes $153 Billion 

Social Insurance & Retirement $103 Billion 

Miscellaneous 

$58 Billion 

Excise Taxes 

$2 Billion 

Corporation Income Taxes 

$7 Billion 

$7 Billion 

$6 Billion 

Deficit

$13 Billion

$88 Billion Social Security

Health

$39 Billion 

Net Interest

$49 Billion 

Income Security

$62 Billion National Defense

$34 Billion 

$7 Billion 

$18 Billion 

$26 Billion Medicare

$17 Billion Veterans' Benefits & Services

Transportation

$8 Billion 

Customs Duties

Estate and Gift Taxes

Education

Other

Individual Income Taxes $385 Billion 

Social Insurance & Retirement $290 Billion 

Miscellaneous 

$65 Billion 

Excise Taxes 

$5 Billion 

Corporation Income Taxes 

$21 Billion 

$21 Billion 

$20 Billion 

Customs Duties

Estate and Gift Taxes

$266 Billion Social Security

$150 Billion Health

Net Interest

$166 Billion 

Income Security

$196 Billion National Defense

$117 Billion 

$25 Billion 

$57 Billion 

Medicare

$99 Billion 

$62 Billion 

$25 Billion 

Transportation

Other

Veterans' Benefits and 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 335,805 349,078 13,273

 Year-to-Date 806,512 1,163,090 356,578

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

Classification This

Month

Current

Fiscal Year

to Date

Budget

Estimates Full

Fiscal Year 1

Comparable

Prior Period

Year to Date

(2019)

Budget

Estimates

Next Fiscal

Year (2021) 1

Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, December 2019 and Other Periods

[$ millions]

Total On-Budget and Off-Budget Results:

 Total Receipts 335,805 806,512 3,631,874 771,237 3,833,374

 On-Budget Receipts 259,671 596,414 2,685,416 573,250 2,831,699

 Off-Budget Receipts 76,135 210,098 946,458 197,987 1,001,675

 Total Outlays 349,078 1,163,090 4,676,957 1,090,170 4,849,037

 On-Budget Outlays 302,051 948,915 3,714,389 892,355 3,828,794

 Off-Budget Outlays 47,026 214,175 962,568 197,815 1,020,243

 Total Surplus (+) or Deficit (-) -13,273 -356,578 -1,045,083 -318,933 -1,015,663

 On-Budget Surplus (+) or Deficit (-) -42,381 -352,501 -1,028,973 -319,105 -997,095

 Off-Budget Surplus (+) or Deficit (-) +29,108 -4,077 -16,110 +172 -18,568

 Total On-Budget and Off-Budget Financing 13,273 356,578 1,045,083 318,933 1,015,663

Means of Financing:

 Borrowing from the Public 65,767 351,066 1,112,332 339,629 1,082,292

 Reduction of Operating Cash, Increase (-) ...... -17,425 ......

 By Other Means

-61,235

8,740

-21,370

26,882 -67,249 -3,271 -66,629

1 These estimates are based on the FY 2020 Mid-Session Review, released by the

Office of Management and Budget on July 12, 2019.

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

($400B)

($200B)

$0B

$200B

$400B

($400B)

($200B)

$0B

$200B

$400B

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

2019 and 2020

2019 2020

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

$1,000B

$2,000B

$3,000B

$4,000B

($4,000B)

($3,000B)

($2,000B)

($1,000B)

($1,000B)

($500B)

$0B

$500B

$1,000B

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

Fiscal Years 2019 and 2020

Receipts Outlays Deficit(-)/Surplus

$0B
7 Source data: Table 9

$26B$21B

$20B

$65B

$385B

$290B

Fiscal Year 2020 to Date: $807B

2019 2020

Oct

NovDec

Jan

Feb

Mar

Apr

May

Jun

Jul

AugSep

Oct

NovDec

$0B

$50B

$100B

$150B

$200B

$250B

$300B

$350B

$400B

$450B

$500B

$550B

Receipt Amount

$7B$8B$7B

$58B

$153B

$103B

Month of December 2019: $336B

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

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

Excise Taxes

Other

Miscellaneous Receipts

Corporation Income Taxes

Individual Income Taxes

Social Insurance and Retirement Receipts

Other

Excise Taxes

Miscellaneous Receipts

Corporation Income Taxes

Individual Income Taxes

Social Insurance and Retirement Receipts

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

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

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

Source data: Table 9

$88B

$26B

$35B

$50B

$62B

$49B

$39B

Month of December 2019: $349B

$266B

$117B

$150B

$196B

$99B

$169B

$166B

Fiscal Year 2020 to Date: $1,163B

2019 2020

Oct

NovDec

Jan

Feb

Mar

Apr

May

Jun

Jul

AugSep

Oct

NovDec

$0B

$50B

$100B

$150B

$200B

$250B

$300B

$350B

$400B

$450B

Outlay Amount

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

Social Security Income Security National Defense

Net Interest

Other

Medicare Health

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

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

Social Security

Medicare

Income Security

Health

National Defense

Net Interest

Other

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

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

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

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

Month

Current

Fiscal Year

to Date

Comparable

Prior Period

Year to Date

Budget

Estimates

Full Fiscal

Year 1

Table 3. Summary of Receipts and Outlays of the U.S. Government, December 2019 and Other Periods

[$ millions]

Budget Receipts

 Individual Income Taxes 152,706 384,858 372,794 1,805,420

 Corporation Income Taxes 58,311 65,414 53,109 253,076

 Social Insurance and Retirement Receipts:

 Employment and General Retirement (Off-Budget) 76,135 210,098 197,987 946,458

 Employment and General Retirement (On-Budget) 26,264 72,626 69,020 292,775

 Unemployment Insurance 248 5,601 5,883 45,772

 Other Retirement 449 1,323 1,227 5,234

 Excise Taxes 7,017 20,567 29,429 108,650

 Estate and Gift Taxes 1,698 4,627 5,033 19,284

 Customs Duties 6,449 21,147 17,827 64,336

 Miscellaneous Receipts 6,529 20,250 18,927 90,869

 Total Receipts 335,805 806,512 771,237 3,631,874

 (On-Budget) 259,671 596,414 573,250 2,685,416

 (Off-Budget) 76,135 210,098 197,987 946,458

Budget Outlays

 Legislative Branch 586 1,394 1,278 5,545

 Judicial Branch 677 2,166 2,077 8,668

 Department of Agriculture 15,063 52,725 50,660 132,362

 Department of Commerce 1,291 4,613 3,783 15,523

 Department of Defense--Military Programs 59,042 187,348 171,933 696,928

 Department of Education 4,785 17,651 16,983 82,878

 Department of Energy 2,226 7,974 6,622 30,810

 Department of Health and Human Services 71,870 309,340 289,027 1,287,078

 Department of Homeland Security 5,450 15,387 16,527 62,006

 Department of Housing and Urban Development 4,056 11,690 11,400 48,830

 Department of the Interior 1,454 3,605 3,671 14,894

 Department of Justice 3,024 8,937 8,838 38,288

 Department of Labor 5,147 5,136 5,164 38,454

 Department of State 2,733 8,362 8,305 25,295

 Department of Transportation 6,532 20,496 19,220 86,561

 Department of the Treasury:

 Interest on Treasury Debt Securities (Gross) 94,225 160,187 164,221 618,226

 Other 9,272 25,111 13,146 108,678

 Department of Veterans Affairs 17,014 61,761 58,481 217,506

 Corps of Engineers 785 2,179 1,676 5,785

 Other Defense Civil Programs 5,360 20,835 19,868 62,851

 Environmental Protection Agency 777 2,437 2,299 7,028

 Executive Office of the President 33 99 110 409

 General Services Administration -17 -26 -127 107,034

 International Assistance Programs -707 3,071 3,498 26,135

 National Aeronautics and Space Administration 2,346 5,854 5,486 23,289

 National Science Foundation 549 1,823 1,735 7,394

 Office of Personnel Management 8,102 26,159 25,015 0

 Small Business Administration 104 267 342 796

 Social Security Administration 93,174 285,056 270,043 1,156,311

 Independent Agencies 1,013 7,540 7,958 20,057

 National Security Commission on Artificial Intelligence (**) (**) ......

 Allowances ...... ...... ...... -1,050

 Undistributed Offsetting Receipts:

 Interest -59,103 -58,063 -62,912 -143,956

 Other -7,784 -38,025 -36,159 -113,656

 Total Outlays 349,078 1,163,090 1,090,170 4,676,957

 (On-Budget) 302,051 948,915 892,355 3,714,389

 (Off-Budget) 47,026 214,175 197,815 962,568

 Surplus (+) or Deficit (-) -13,273 -356,578 -318,933 -1,045,083

 (On-Budget) -42,381 -352,501 -319,105 -1,028,973

 (Off-Budget) +29,108 -4,077 +172 -16,110

1 These estimates are based on the FY 2020 Budget, released by the Office of ... No Transactions

Management and Budget on July 12, 2019. (**) Less than absolute value of $500,000

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

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, December 2019 and Other Periods

[$ millions]

Individual Income Taxes

 Withheld 1139,853 353,728 342,914

 Presidential Election Campaign Fund (**) 2 2

 Other 115,839 52,792 53,413

 Total -- Individual Income Taxes 155,692 2,986 152,706 406,522 21,664 384,858 396,329 23,534 372,794

Corporation Income Taxes 61,054 2,744 58,311 77,774 12,361 65,414 64,846 11,737 53,109

Social Insurance and Retirement Receipts:

 Employment and General Retirement:

 Federal Old-Age and Survivors Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 163,099 ...... 63,099 177,200 ...... 177,200 160,651 ...... 160,651

 Self-Employment Contributions Act Taxes 1520 ...... 520 936 ...... 936 858 ...... 858

 Adjustments Attributable to Prior Years-FICA 11,507 ...... 1,507 1,507 ...... 1,507 -250 ...... -250

 Adjustments Attrbutable to Prior Years-SECA 1-121 ...... -121 -121 ...... -121 -1,114 ...... -1,114

 Total -- Federal Old-Age and Survivors Insurance Trust Fund 65,005 ...... 65,005 179,522 ...... 179,522 160,145 ...... 160,145

 Federal Disability Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 110,714 ...... 10,714 30,090 ...... 30,090 37,960 ...... 37,960

 Self-Employment Contributions Act Taxes 188 ...... 88 158 ...... 158 203 ...... 203

 Adjustments Attributable to Prior Years-FICA 1371 ...... 371 371 ...... 371 -54 ...... -54

 Adjustments Attributable to Prior Years-SECA 1-42 ...... -42 -42 ...... -42 -267 ...... -267

 Total -- Federal Disability Insurance Trust Fund 11,130 ...... 11,130 30,576 ...... 30,576 37,842 ...... 37,842

 Federal Hospital Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 125,336 ...... 25,336 70,726 ...... 70,726 67,953 ...... 67,953

 Self-Employment Contributions Act Taxes 1257 ...... 257 442 ...... 442 425 ...... 425

 Adjustments Attributable to Prior Years-FICA 1266 ...... 266 266 ...... 266 -190 ...... -190

 Adjustments Attributable to Prior Years-SECA 1-18 ...... -18 -18 ...... -18 -481 ...... -481

 Total -- Federal Hospital Insurance Trust Fund 25,841 ...... 25,841 71,416 ...... 71,416 67,708 ...... 67,708

 Railroad Retirement:

 Rail Pension and Supplemental Annuity 214 2 212 666 45 621 631 (**) 631

 Social Security Equivalent Account 213 2 211 638 49 589 681 (**) 681

 Total -- Employment and General Retirement 102,402 3 102,399 282,818 94 282,724 267,006 (**) 267,007

 Unemployment Insurance:

 Deposits by States 229 ...... 229 4,892 ...... 4,892 5,129 ...... 5,129

 Federal Unemployment Taxes 34 15 19 703 24 679 728 8 721

 Railroad Unemployment Taxes (**) ...... (**) 31 ...... 31 34 ...... 34

 Total -- Unemployment Insurance 264 15 248 5,625 24 5,601 5,891 8 5,883

 Other Retirement:

 Federal Employees' Retirement--Employee Share 446 ...... 446 1,316 ...... 1,316 1,220 ...... 1,220

 Non-Federal Employees Retirement 3 ...... 3 8 ...... 8 7 ...... 7

 Total -- Other Retirement 449 ...... 449 1,323 ...... 1,323 1,227 ...... 1,227

 Total -- Social Insurance and Retirement Receipts 103,115 19 103,096 289,767 118 289,648 274,124 7 274,117

Excise Taxes:

 Miscellaneous Excise Taxes 2,025 247 1,779 8,479 534 7,945 20,337 2,930 17,407

 Airport and Airway Trust Fund 1,416 ...... 1,416 3,391 ...... 3,391 3,140 ...... 3,140

 Highway Trust Fund 3,836 29 3,807 9,267 73 9,194 8,876 73 8,803

 Black Lung Disability Trust Fund 15 ...... 15 37 ...... 37 79 ...... 79

 Total -- Excise Taxes 7,293 276 7,017 21,174 607 20,567 32,432 3,003 29,429

Estate and Gift Taxes 1,761 63 1,698 4,807 180 4,627 5,264 230 5,033

Customs Duties 6,934 485 6,449 22,433 1,287 21,147 18,415 588 17,827

Miscellaneous Receipts:

 Deposit of Earnings, Federal Reserve System 5,252 ...... 5,252 15,003 ...... 15,003 13,420 ...... 13,420

 Universal Service Fund 728 ...... 728 2,485 ...... 2,485 2,463 ...... 2,463

 All Other 549 (**) 549 2,764 2 2,762 3,051 8 3,044

 Total -- Miscellaneous Receipts 6,529 (**) 6,529 20,252 2 20,250 18,935 8 18,927

Total -- Receipts 342,378 6,573 335,805 842,730 36,218 806,512 810,344 39,107 771,237

 Total -- On-Budget 266,243 6,573 259,671 632,632 36,218 596,414 612,357 39,107 573,250

 Total -- Off-Budget 76,135 ...... 76,135 210,098 ...... 210,098 197,987 ...... 197,987

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

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

increased by $2,143 million to correct estimates for the calendar year 2018. ... No Transactions

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

Contribution Act Taxes decreased by $181 million to correct estimates for

10
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, December 2019 and Other Periods

[$ millions]

Legislative Branch:

 Senate 140 (**) 139 248 1 248 243 1 243

 House of Representatives 136 (**) 135 380 1 379 358 (**) 357

 Joint Items 1 ...... 1 4 ...... 4 5 ...... 5

 Capitol Police 49 ...... 49 121 ...... 121 111 ...... 111

 Congressional Budget Office 6 ...... 6 14 ...... 14 13 ...... 13

 Architect of the Capitol 80 1 79 210 1 209 169 1 168

 Library of Congress 69 1 68 186 3 184 179 3 176

 Government Printing Office 40 ...... 40 49 ...... 49 28 ...... 28

 Government Accountability Office 67 ...... 67 161 ...... 161 147 ...... 147

 United States Tax Court 5 ...... 5 13 ...... 13 13 ...... 13

 Other Legislative Branch Agencies 19 ...... 19 40 ...... 40 27 ...... 27

 Proprietary Receipts from the Public ...... 19 -19 ...... 22 -22 ...... 5 -5

 Intrabudgetary Transactions -5 ...... -5 -6 ...... -6 -6 ...... -6

 Total--Legislative Branch 607 20 586 1,421 27 1,394 1,287 9 1,278

Judicial Branch:

 Supreme Court of the United States 8 ...... 8 27 ...... 27 20 ...... 20

 Courts of Appeals, District Courts, and Other Judicial

 Services 624 ...... 624 2,090 ...... 2,090 2,014 ...... 2,014

 Other 209 ...... 209 338 ...... 338 154 ...... 154

 Proprietary Receipts from the Public ...... 3 -3 ...... 43 -43 ...... 38 -38

 Intrabudgetary Transactions -160 ...... -160 -245 ...... -245 -73 ...... -73

 Total--Judicial Branch 680 3 677 2,210 43 2,166 2,116 38 2,077

Department of Agriculture:

 Agricultural Research Service 131 ...... 131 360 ...... 360 343 ...... 343

 National Institute of Food and Agriculture:

 Research and Education Activities 70 ...... 70 189 ...... 189 188 ...... 188

 Extension Activities 44 ...... 44 132 ...... 132 147 ...... 147

 Other 10 ...... 10 26 ...... 26 26 ...... 26

 Animal and Plant Health Inspection Service 140 ...... 140 317 ...... 317 304 ...... 304

 Food Safety and Inspection Service 115 ...... 115 276 ...... 276 280 ...... 280

 Agricultural Marketing Service 125 ...... 125 411 ...... 411 385 ...... 385

 Risk Management Agency:

 Administrative and Operating Expenses 8 ...... 8 18 ...... 18 19 ...... 19

 Federal Crop Insurance Corporation Fund 1,040 306 734 7,006 2,075 4,931 6,146 23 6,123

 Farm Service Agency:

 Salaries and Expenses 121 ...... 121 274 ...... 274 299 ...... 299

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

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

 Commodity Credit Corporation 3,550 405 3,145 16,742 1,160 15,582 15,997 960 15,037

 Tobacco Trust Fund (**) ...... (**) ...... ...... ...... 1 ...... 1

 Agricultural Credit Insurance Fund 29 6 22 80 12 68 80 13 67

 Other 13 ...... 13 37 ...... 37 23 ...... 23

 Total--Farm Service Agency 3,713 411 3,302 17,133 1,172 15,960 16,400 973 15,427

 Natural Resources Conservation Service:

 Conservation Operations 87 ...... 87 219 ...... 219 203 ...... 203

 Farm Security and Rural Investment Programs 568 ...... 568 1,170 ...... 1,170 1,177 ...... 1,177

 Other 21 ...... 21 57 ...... 57 65 ...... 65

 Rural Development 33 ...... 33 40 ...... 40 56 ...... 56

 Rural Housing Service:

 Rural Housing Insurance Fund 44 26 18 155 116 39 123 184 -61

 Rental Assistance Program 97 ...... 97 298 ...... 298 294 ...... 294

 Other 13 ...... 13 43 ...... 43 40 ...... 40

 Rural Utilities Service:

 Rural Electrification and Telecommunications Fund 613 218 394 620 44 577 525 1,546 -1,021

 Other 59 4 55 179 15 163 168 18 150

 Foreign Agricultural Service 154 ...... 154 599 ...... 599 533 ...... 533

 Food and Nutrition Service:

 Supplemental Nutrition Assistance Program 5,239 ...... 5,239 15,812 ...... 15,812 16,793 ...... 16,793

 Child Nutrition Programs 2,631 ...... 2,631 7,266 ...... 7,266 6,579 ...... 6,579

 Special Supplemental Nutrition Program for Women,

 Infants, and Children (WIC) 435 ...... 435 1,309 ...... 1,309 1,336 ...... 1,336

 Other 68 ...... 68 162 ...... 162 122 ...... 122

 Total--Food and Nutrition Service 8,373 ...... 8,373 24,549 ...... 24,549 24,831 ...... 24,831

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, December 2019 and Other Periods - Continued

[$ millions]

Department of Agriculture: - Continued

 Forest Service:

 National Forest System 199 ...... 199 499 ...... 499 437 ...... 437

 Capital Improvement and Maintenance 51 ...... 51 136 ...... 136 113 ...... 113

 Wildland Fire Management 189 ...... 189 562 ...... 562 798 ...... 798

 Forest Service Permanent Appropriations 15 ...... 15 46 ...... 46 60 ...... 60

 Other 81 ...... 81 216 ...... 216 294 ...... 294

 Total--Forest Service 534 ...... 534 1,459 ...... 1,459 1,701 ...... 1,701

 Other 193 3 190 1,115 11 1,104 413 8 405

 Proprietary Receipts from the Public (**) 174 -174 (**) 302 -302 ...... 325 -325

 Intrabudgetary Transactions 17 ...... 17 89 ...... 89 -628 ...... -628

 Total--Department of Agriculture 16,205 1,142 15,063 56,461 3,735 52,725 53,738 3,078 50,660

Department of Commerce:

 Economic Development Administration 34 ...... 34 87 ...... 87 71 ...... 71

 Bureau of the Census 441 ...... 441 1,222 ...... 1,222 501 ...... 501

 International Trade Administration 49 ...... 49 114 ...... 114 97 ...... 97

 National Oceanic and Atmospheric Administration 566 ...... 566 1,465 1 1,465 1,287 2 1,286

 National Institute of Standards and Technology 115 ...... 115 298 ...... 298 269 ...... 269

 National Telecommunications and Information Administration 14 ...... 14 1,283 ...... 1,283 1,370 (**) 1,370

 Other 80 6 74 150 19 131 199 22 177

 Proprietary Receipts from the Public ...... 1 -1 ...... -12 12 ...... -10 10

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

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

 Total--Department of Commerce 1,298 7 1,291 4,621 8 4,613 3,797 14 3,783

Department of Defense--Military Programs:

 Military Personnel:

 Department of the Army 4,840 ...... 4,840 18,562 ...... 18,562 18,357 ...... 18,357

 Department of the Navy 3,968 ...... 3,968 15,919 ...... 15,919 15,246 ...... 15,246

 Department of the Air Force 3,463 ...... 3,463 12,231 ...... 12,231 11,451 ...... 11,451

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

 Total--Military Personnel 12,271 ...... 12,271 55,216 ...... 55,216 52,963 ...... 52,963

 Operation and Maintenance:

 Department of the Army 6,052 ...... 6,052 17,646 ...... 17,646 16,287 ...... 16,287

 Department of the Navy 5,037 ...... 5,037 15,572 ...... 15,572 15,431 ...... 15,431

 Department of the Air Force 5,712 ...... 5,712 14,595 ...... 14,595 14,420 ...... 14,420

 Defense Agencies 6,493 ...... 6,493 18,601 ...... 18,601 17,635 ...... 17,635

 Total--Operation and Maintenance 23,294 ...... 23,294 66,414 ...... 66,414 63,773 ...... 63,773

 International Reconstruction and Other Assistance:

 Department of the Army ...... ...... ...... ...... ...... ...... 6 ...... 6

 Procurement:

 Department of the Army 2,531 ...... 2,531 6,500 ...... 6,500 4,789 ...... 4,789

 Department of the Navy 5,580 ...... 5,580 14,101 ...... 14,101 11,848 ...... 11,848

 Department of the Air Force 3,799 ...... 3,799 13,243 ...... 13,243 10,212 ...... 10,212

 Defense Agencies 1,119 ...... 1,119 2,446 ...... 2,446 1,837 ...... 1,837

 Total--Procurement 13,029 ...... 13,029 36,291 ...... 36,291 28,687 ...... 28,687

 Research, Development, Test, and Evaluation:

 Department of the Army 1,024 ...... 1,024 3,250 ...... 3,250 2,155 ...... 2,155

 Department of the Navy 1,596 ...... 1,596 4,402 ...... 4,402 4,877 ...... 4,877

 Department of the Air Force 5,205 ...... 5,205 11,652 ...... 11,652 8,948 ...... 8,948

 Defense Agencies 1,878 ...... 1,878 5,518 ...... 5,518 5,181 ...... 5,181

 Total--Research, Development, Test, and Evaluation 9,703 ...... 9,703 24,822 ...... 24,822 21,161 ...... 21,161

 Military Construction:

 Department of the Army 146 ...... 146 701 ...... 701 633 ...... 633

 Department of the Navy 156 ...... 156 375 ...... 375 340 ...... 340

 Department of the Air Force 146 ...... 146 349 ...... 349 333 ...... 333

 Defense Agencies 219 ...... 219 688 ...... 688 667 ...... 667

 Total--Military Construction 668 ...... 668 2,112 ...... 2,112 1,973 ...... 1,973

 Family Housing:

 Department of the Army 41 ...... 41 96 ...... 96 96 ...... 96

 Department of the Navy 17 ...... 17 62 ...... 62 62 ...... 62

 Department of the Air Force 34 ...... 34 78 ...... 78 75 ...... 75

 Defense Agencies 4 ...... 4 12 ...... 12 19 ...... 19

 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, December 2019 and Other Periods - Continued

[$ millions]

Department of Defense--Military Programs: - Continued

 Department of the Navy 3 ...... 3 14 ...... 14 31 ...... 31

 Defense Agencies:

 Working Capital Fund 1,010 ...... 1,010 2,376 ...... 2,376 2,963 ...... 2,963

 Other -32 ...... -32 89 ...... 89 132 ...... 132

 Allowances -1 ...... -1 6 ...... 6 25 ...... 25

 Trust Funds:

 Department of the Army 1 ...... 1 4 ...... 4 4 ...... 4

 Department of the Navy 1 ...... 1 7 ...... 7 10 ...... 10

 Department of the Air Force 1 ...... 1 1 ...... 1 1 ...... 1

 Defense Agencies 26 ...... 26 58 ...... 58 65 ...... 65

 Proprietary Receipts from the Public:

 Department of the Army ...... 1 -1 ...... -179 179 ...... -113 113

 Department of the Navy ...... 14 -14 ...... 33 -33 ...... 12 -12

 Department of the Air Force ...... -2 2 ...... 10 -10 ...... 28 -28

 Defense Agencies ...... 37 -37 ...... 88 -88 ...... 201 -201

 Intrabudgetary Transactions:

 Department of the Army -5 ...... -5 -4 ...... -4 (**) ...... (**)

 Department of the Navy 3 ...... 3 -6 ...... -6 -12 ...... -12

 Department of the Air Force -386 ...... -386 159 ...... 159 61 ...... 61

 Defense Agencies -89 ...... -89 -8 ...... -8 -35 ...... -35

 Offsetting Governmental Receipts:

 Department of the Army ...... ...... ...... ...... 1 -1 ...... (**) (**)

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

 Total--Department of Defense--Military Programs 59,592 550 59,042 187,800 452 187,348 172,061 127 171,933

Department of Education:

 Office of Elementary and Secondary Education:

 Accelerating Achievement and Ensuring Equity 1,270 ...... 1,270 3,803 ...... 3,803 4,429 ...... 4,429

 Impact Aid 140 ...... 140 167 ...... 167 998 ...... 998

 Education Improvement Programs 441 ...... 441 1,315 ...... 1,315 1,259 ...... 1,259

 Other 25 ...... 25 80 ...... 80 67 ...... 67

 Total--Office of Elementary and Secondary Education 1,876 ...... 1,876 5,366 ...... 5,366 6,753 ...... 6,753

 Office of Innovation and Improvement 88 ...... 88 200 ...... 200 309 ...... 309

 Office of English Language Acquisition 53 ...... 53 187 ...... 187 220 ...... 220

 Office of Special Education and Rehabilitative Services:

 Special Education 1,070 ...... 1,070 3,361 ...... 3,361 3,276 ...... 3,276

 Rehabilitation Services and Disability Research 336 ...... 336 957 ...... 957 914 ...... 914

 Special Institutions for Persons with Disabilities 4 ...... 4 54 ...... 54 57 ...... 57

 Office of Vocational and Adult Education 168 ...... 168 448 ...... 448 420 ...... 420

 Office of Postsecondary Education:

 Higher Education 196 ...... 196 626 ...... 626 614 ...... 614

 Other 18 (**) 18 54 1 53 60 2 59

 Total--Office of Postsecondary Education 214 (**) 214 680 1 678 675 2 673

 Office of Federal Student Aid:

 Student Financial Assistance 786 ...... 786 5,042 ...... 5,042 5,480 ...... 5,480

 Student Aid Administration 103 ...... 103 326 ...... 326 435 ...... 435

 Federal Direct Student Loans ...... ...... ...... 3,082 ...... 3,082 1,958 ...... 1,958

 Federal Family Education Loans -23 ...... -23 -59 ...... -59 -34 ...... -34

 Other (**) 1-1 1129321

 Total--Office of Federal Student Aid 866 1 865 8,402 2 8,401 7,843 2 7,841

 Institute of Education Sciences 45 ...... 45 140 ...... 140 156 ...... 156

 Departmental Management 60 ...... 60 149 ...... 149 142 ...... 142

 Other 19 ...... 19 51 ...... 51 222 ...... 222

 Proprietary Receipts from the Public ...... 20 -20 ...... 2,407 -2,407 ...... 4,011 -4,011

 Intrabudgetary Transactions 7 ...... 7 66 ...... 66 12 ...... 12

 Total--Department of Education 4,806 21 4,785 20,061 2,410 17,651 20,998 4,015 16,983

Department of Energy:

 National Nuclear Security Administration:

 Naval Reactors 113 ...... 113 338 ...... 338 343 ...... 343

 Weapons Activities 815 ...... 815 2,805 ...... 2,805 2,620 ...... 2,620

 Defense Nuclear Nonproliferation 134 ...... 134 577 ...... 577 418 ...... 418

 Other 32 ...... 32 89 ...... 89 116 ...... 116

 Environmental and Other Defense Activities:

13
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, December 2019 and Other Periods - Continued

[$ millions]

Department of Energy: - Continued

 Defense Environmental Cleanup 516 ...... 516 1,556 ...... 1,556 1,406 ...... 1,406

 Other Defense Activities 53 ...... 53 222 ...... 222 147 ...... 147

 Defense Nuclear Waste Disposal 1 ...... 1 1 ...... 1 1 ...... 1

 Energy Programs:

 Science 472 ...... 472 1,642 ...... 1,642 1,458 ...... 1,458

 Energy Supply 180 ...... 180 496 ...... 496 439 ...... 439

 Energy Efficiency and Renewable Energy 171 ...... 171 524 ...... 524 430 ...... 430

 Fossil Energy Research and Development 56 ...... 56 168 ...... 168 152 ...... 152

 Uranium Enrichment Decontamination and Decommissioning

 Fund 76 ...... 76 197 ...... 197 196 ...... 196

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

 Title 17 Innovative Technology Loan Guarantee Program 2 ...... 2 6 ...... 6 4 ...... 4

 Other 97 10 88 306 25 281 274 32 242

 Total--Energy Programs 1,053 10 1,043 3,339 25 3,314 2,954 32 2,922

 Power Marketing Administration 360 305 55 1,080 900 180 1,078 1,015 63

 Departmental Administration 16 ...... 16 88 ...... 88 55 ...... 55

 Proprietary Receipts from the Public ...... 440 -440 ...... 814 -814 ...... 1,062 -1,062

 Intrabudgetary Transactions -111 ...... -111 -383 ...... -383 -406 ...... -406

 Total--Department of Energy 2,981 755 2,226 9,712 1,738 7,974 8,732 2,110 6,622

Department of Health and Human Services:

 Food and Drug Administration 290 1 289 690 3 687 664 1 663

 Health Resources and Services Administration 984 ...... 984 3,003 ...... 3,003 2,919 ...... 2,919

 Indian Health Service -273 ...... -273 2,930 ...... 2,930 1,054 ...... 1,054

 Centers for Disease Control and Prevention 574 ...... 574 1,973 ...... 1,973 1,825 ...... 1,825

 National Institutes of Health 3,002 ...... 3,002 9,291 ...... 9,291 9,035 ...... 9,035

 Substance Abuse and Mental Health Services Administration 438 ...... 438 1,346 ...... 1,346 950 ...... 950

 Agency for Healthcare Research and Quality 28 ...... 28 81 ...... 81 74 ...... 74

 Centers for Medicare and Medicaid Services:

 Grants to States for Medicaid 32,932 ...... 32,932 100,952 ...... 100,952 95,930 ...... 95,930

 Payments to Health Care Trust Funds 27,779 ...... 27,779 86,244 ...... 86,244 79,518 ...... 79,518

 Children's Health Insurance Fund 1,507 ...... 1,507 3,864 ...... 3,864 4,115 ...... 4,115

 State Grants and Demonstrations 24 ...... 24 86 ...... 86 104 ...... 104

 Federal Hospital Insurance Trust Fund:

 Benefit Payments 17,898 ...... 17,898 80,328 ...... 80,328 75,803 ...... 75,803

 Administrative Expenses 237 ...... 237 970 ...... 970 1,046 ...... 1,046

 Total--Federal Hospital Insurance Trust Fund 18,135 ...... 18,135 81,298 ...... 81,298 76,849 ...... 76,849

 Health Care Fraud and Abuse Control 208 ...... 208 490 ...... 490 387 ...... 387

 Federal Supplementary Medical Insurance Trust Fund:

 Benefit Payments 19,208 ...... 19,208 93,685 ...... 93,685 86,315 ...... 86,315

 Administrative Expenses 300 ...... 300 1,131 ...... 1,131 938 ...... 938

 Medicare Prescription Drugs:

 Benefit Payments 77 ...... 77 21,157 ...... 21,157 19,301 ...... 19,301

 Total--Federal Supplementary Medical Insurance Trust

 Fund 19,585 ...... 19,585 115,973 ...... 115,973 106,554 ...... 106,554

 Other 533 ...... 533 3,607 ...... 3,607 5,170 ...... 5,170

 Total--Centers for Medicare and Medicaid Services 100,703 ...... 100,703 392,514 ...... 392,514 368,626 ...... 368,626

 Administration for Children and Families:

 Temporary Assistance for Needy Families 1,280 ...... 1,280 4,664 ...... 4,664 4,109 ...... 4,109

 Contingency Fund 28 ...... 28 30 ...... 30 49 ...... 49

 Payments to States for Child Support Enforcement and

 Family Support Programs 258 ...... 258 885 ...... 885 870 ...... 870

 Low Income Home Energy Assistance 408 ...... 408 1,061 ...... 1,061 1,093 ...... 1,093

 Refugee and Entrant Assistance 193 ...... 193 548 ...... 548 674 ...... 674

 Child Care Entitlement to States 167 ...... 167 692 ...... 692 638 ...... 638

 Payments to States for the Child Care and Development

 Block Grant 395 ...... 395 1,332 ...... 1,332 879 ...... 879

 Social Services Block Grant 136 ...... 136 409 ...... 409 375 ...... 375

 Children and Families Services Programs 1,044 ...... 1,044 3,161 ...... 3,161 3,026 ...... 3,026

 Payments to States for Foster Care and Adoption

 Assistance 633 ...... 633 2,027 ...... 2,027 1,825 ...... 1,825

 Other 51 ...... 51 161 ...... 161 138 ...... 138

 Total--Administration for Children and Families 4,594 ...... 4,594 14,969 ...... 14,969 13,678 ...... 13,678

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, December 2019 and Other Periods - Continued

[$ millions]

Department of Health and Human Services: - Continued

 Administration for Community Living 185 ...... 185 529 ...... 529 449 ...... 449

 Departmental Management 394 ...... 394 997 ...... 997 642 ...... 642

 Other 30 ...... 30 302 ...... 302 172 ...... 172

 Proprietary Receipts from the Public ...... 11,276 -11,276 ...... 32,465 -32,465 ...... 30,765 -30,765

 Intrabudgetary Transactions:

 Payments for Health Insurance for the Aged:

 Federal Supplementary Medical Insurance Trust Fund -27,780 ...... -27,780 -86,241 ...... -86,241 -79,512 ...... -79,512

 Payments for Tax and Other Credits:

 Federal Hospital Insurance Trust Fund -3 ...... -3 -9 ...... -9 -25 ...... -25

 Other -20 ...... -20 -568 ...... -568 -759 ...... -759

 Total--Department of Health and Human Services 83,146 11,277 71,870 341,808 32,468 309,340 319,793 30,766 289,027

Department of Homeland Security:

 Departmental Management and Operations 157 ...... 157 408 ...... 408 312 ...... 312

 Citizenship and Immigration Services 449 ...... 449 1,075 ...... 1,075 1,008 ...... 1,008

 United States Secret Service 241 ...... 241 632 ...... 632 546 ...... 546

 Transportation Security Administration 1,017 ...... 1,017 1,753 ...... 1,753 1,732 ...... 1,732

 Immigration and Customs Enforcement 760 ...... 760 2,037 ...... 2,037 1,904 ...... 1,904

 U.S. Customs and Border Protection 1,747 3 1,744 4,291 7 4,284 3,939 7 3,933

 United States Coast Guard 917 ...... 917 3,189 ...... 3,189 3,197 ...... 3,197

 National Protection and Programs Directorate 71 ...... 71 406 ...... 406 517 ...... 517

 Federal Emergency Management Agency:

 State and Local Programs 5 ...... 5 118 ...... 118 223 ...... 223

 Firefighter Assistance Grants 13 ...... 13 43 ...... 43 112 ...... 112

 Disaster Relief 885 ...... 885 3,343 ...... 3,343 4,342 ...... 4,342

 National Flood Insurance Fund 185 102 83 760 243 517 962 192 770

 Other 126 ...... 126 344 ...... 344 402 ...... 402

 Total--Federal Emergency Management Agency 1,214 102 1,112 4,608 243 4,365 6,040 192 5,849

 Science and Technology 82 ...... 82 186 ...... 186 238 ...... 238

 Domestic Nuclear Detection Office 23 ...... 23 63 ...... 63 51 ...... 51

 Other 50 ...... 50 129 ...... 129 126 ...... 126

 Proprietary Receipts from the Public ...... 63 -63 ...... 278 -278 ...... 272 -272

 Intrabudgetary Transactions 13 ...... 13 63 ...... 63 62 ...... 62

 Offsetting Governmental Receipts ...... 1,125 -1,125 ...... 2,928 -2,928 ...... 2,673 -2,673

 Total--Department of Homeland Security 6,742 1,293 5,450 18,842 3,455 15,387 19,671 3,143 16,527

Department of Housing and Urban Development:

 Public and Indian Housing Programs:

 Tenant Based Rental Assistance 1,937 ...... 1,937 5,600 ...... 5,600 5,395 ...... 5,395

 Housing Certificate Fund 20 ...... 20 63 ...... 63 15 ...... 15

 Public Housing Capital Fund 198 ...... 198 638 ...... 638 564 ...... 564

 Public Housing Operating Fund 429 ...... 429 1,132 ...... 1,132 1,127 ...... 1,127

 Revitalization of Severely Distressed Public Housing

 (Hope VI) (**) ...... (**) 1 ...... 1 6 ...... 6

 Native American Housing Block Grant 45 ...... 45 121 ...... 121 144 ...... 144

 Other 18 ...... 18 53 ...... 53 44 ...... 44

 Total--Public and Indian Housing Programs 2,648 ...... 2,648 7,609 ...... 7,609 7,293 ...... 7,293

 Community Planning and Development:

 Housing Opportunities for Persons with AIDS 18 ...... 18 63 ...... 63 71 ...... 71

 Community Development Fund 441 ...... 441 1,247 ...... 1,247 1,366 ...... 1,366

 Home Investment Partnership Program 72 ...... 72 212 ...... 212 202 ...... 202

 Neighborhood Stabilization Program 4 ...... 4 7 ...... 7 5 ...... 5

 Homeless Assistance Grants 184 ...... 184 567 ...... 567 544 ...... 544

 Other 26 ...... 26 72 ...... 72 32 ...... 32

 Total--Community Planning and Development 746 ...... 746 2,168 ...... 2,168 2,220 ...... 2,220

 Housing Programs:

 Credit Accounts:

 FHA-Mutual Mortgage Insurance Fund, Program Account 8 ...... 8 26 ...... 26 27 ...... 27

 FHA-Mutual Mortgage Insurance Capital Reserve Account -570 ...... -570 -1,690 ...... -1,690 -1,527 ...... -1,527

 FHA-Mutual Mortgage and Cooperative Housing Insurance

 Fund, Liquidating Account (**) 1 (**) 3 3 (**) 5 4 1

 FHA-General and Special Risk Fund, Liquidating Account 10 19 -9 25 40 -16 28 54 -26

 Housing for the Elderly or Handicapped Fund,

 Liquidating Account -10 9 -19 -30 18 -49 -33 15 -48

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, December 2019 and Other Periods - Continued

[$ millions]

Department of Housing and Urban Development: - Continued

 HUD Project-Based Rental Assistance 1,046 ...... 1,046 3,108 ...... 3,108 2,990 ...... 2,990

 Housing for the Elderly 65 ...... 65 188 ...... 188 184 ...... 184

 Housing for Persons with Disabilities 16 ...... 16 48 ...... 48 44 ...... 44

 Other Assisted Housing Programs 6 ...... 6 18 ...... 18 23 ...... 23

 Other 3 6 -3 10 8 2 7 11 -4

 Total--Housing Programs 574 34 540 1,705 70 1,635 1,748 83 1,665

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities -23 (**) -23 -48 1 -49 -69 1 -69

 Management and Administration 201 ...... 201 474 ...... 474 417 ...... 417

 Other 16 ...... 16 46 ...... 46 61 ...... 61

 Proprietary Receipts from the Public:

 FHA-General and Special Risk Fund ...... 61 -61 ...... 172 -172 ...... 159 -159

 Other ...... 10 -10 ...... 16 -16 ...... 20 -20

 Intrabudgetary Transactions (**) ...... (**) -1 ...... -1 -4 ...... -4

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

 Total--Department of Housing and Urban Development 4,162 106 4,056 11,952 262 11,690 11,667 267 11,400

Department of the Interior:

 Land and Minerals Management:

 Bureau of Land Management:

 Management of Lands and Resources 110 ...... 110 290 ...... 290 271 ...... 271

 Other 45 6 40 104 12 92 94 11 83

 Bureau of Ocean Energy Management 17 ...... 17 26 ...... 26 26 ...... 26

 Office of Surface Mining Reclamation and Enforcement 54 ...... 54 165 ...... 165 144 ...... 144

 Total--Land and Minerals Management 226 6 220 585 12 572 536 11 524

 Water and Science:

 Bureau of Reclamation:

 Water and Related Resources 115 ...... 115 341 ...... 341 267 ...... 267

 Other 50 7 43 134 36 99 153 56 97

 Central Utah Project (**) ...... (**) 1 ...... 1 12 ...... 12

 United States Geological Survey 143 ...... 143 357 ...... 357 335 ...... 335

 Total--Water and Science 309 7 303 834 36 798 767 56 711

 Fish and Wildlife and Parks:

 United States Fish and Wildlife Service 300 ...... 300 730 ...... 730 736 ...... 736

 National Park Service 351 ...... 351 910 ...... 910 785 ...... 785

 Total--Fish and Wildlife and Parks 650 ...... 650 1,640 ...... 1,640 1,521 ...... 1,521

 Indian Affairs:

 Bureau of Indian Affairs and Bureau of Indian Education 281 (**) 281 564 (**) 564 618 (**) 618

 Total--Indian Affairs 281 (**) 281 564 (**) 564 618 (**) 618

 Departmental Offices:

 Mineral Leasing and Associated Payments 117 ...... 117 496 ...... 496 958 ...... 958

 Other 26 ...... 26 64 ...... 64 75 ...... 75

 Insular Affairs 16 ...... 16 115 ...... 115 94 ...... 94

 Office of the Special Trustee for American Indians 25 ...... 25 112 ...... 112 79 ...... 79

 Department-Wide Programs 157 ...... 157 364 ...... 364 323 ...... 323

 Total--Departmental Offices 340 ...... 340 1,150 ...... 1,150 1,529 ...... 1,529

 Other 40 (**) 40 90 (**) 90 91 ...... 91

 Proprietary Receipts from the Public ...... 358 -358 ...... 1,174 -1,174 ...... 2,179 -2,179

 Intrabudgetary Transactions -22 ...... -22 -36 ...... -36 855 ...... 855

 Total--Department of the Interior 1,825 371 1,454 4,827 1,222 3,605 5,918 2,247 3,671

Department of Justice:

 General Administration 237 ...... 237 499 ...... 499 403 ...... 403

 Legal Activities and U.S. Marshals:

 General Legal Activities 234 ...... 234 471 ...... 471 1,614 ...... 1,614

 United States Attorneys 200 ...... 200 492 ...... 492 470 ...... 470

 United States Marshals Service 129 ...... 129 334 ...... 334 336 ...... 336

 Assets Forfeiture Fund 106 ...... 106 277 ...... 277 896 ...... 896

 Other 198 ...... 198 570 ...... 570 511 ...... 511

 Federal Bureau of Investigation 959 ...... 959 2,505 ...... 2,505 2,439 ...... 2,439

 Drug Enforcement Administration 263 ...... 263 700 ...... 700 610 ...... 610

 Bureau of Alcohol, Tobacco, Firearms, and Explosives 141 ...... 141 344 ...... 344 334 ...... 334

 Federal Prison System 784 31 753 2,086 89 1,997 1,878 92 1,786

 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, December 2019 and Other Periods - Continued

[$ millions]

Department of Justice: - Continued

 State and Local Law Enforcement Assistance 106 ...... 106 451 ...... 451 247 ...... 247

 Community Oriented Policing Services 8 ...... 8 38 ...... 38 38 ...... 38

 Crime Victims Fund 210 ...... 210 741 ...... 741 582 ...... 582

 Other 98 ...... 98 217 ...... 217 217 ...... 217

 Other 98 ...... 98 192 ...... 192 146 ...... 146

 Proprietary Receipts from the Public ...... 77 -77 ...... 108 -108 ...... 1,258 -1,258

 Intrabudgetary Transactions -591 ...... -591 -621 ...... -621 -383 ...... -383

 Offsetting Governmental Receipts ...... 47 -47 ...... 163 -163 ...... 151 -151

 Total--Department of Justice 3,179 155 3,024 9,297 360 8,937 10,340 1,501 8,838

Department of Labor:

 Employment and Training Administration:

 Training and Employment Services 283 ...... 283 852 ...... 852 788 ...... 788

 Office of Job Corps 138 ...... 138 396 ...... 396 395 ...... 395

 Community Service Employment for Older Americans 32 ...... 32 97 ...... 97 97 ...... 97

 Federal Unemployment Benefits and Allowances 32 ...... 32 87 ...... 87 92 ...... 92

 Federal Additional Unemployment Compensation

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

 State Unemployment Insurance and Employment Service

 Operations -49 ...... -49 -15 ...... -15 -188 ...... -188

 Payments to the Unemployment Trust Fund ...... ...... ...... 1 ...... 1 2 ...... 2

 Program Administration 16 ...... 16 31 ...... 31 25 ...... 25

 Unemployment Trust Fund:

 Federal-State Unemployment Insurance:

 State Unemployment Benefits 2,625 ...... 2,625 6,333 ...... 6,333 6,171 ...... 6,171

 State Administrative Expenses 310 ...... 310 881 ...... 881 1,047 ...... 1,047

 Federal Administrative Expenses 6 ...... 6 90 ...... 90 52 ...... 52

 Other (**) ...... (**) 1 ...... 1 3 ...... 3

 Total--Unemployment Trust Fund 2,941 ...... 2,941 7,305 ...... 7,305 7,274 ...... 7,274

 Other ...... ...... ...... ...... ...... ...... 17 ...... 17

 Total--Employment and Training Administration 3,393 ...... 3,393 8,753 ...... 8,753 8,501 ...... 8,501

 Pension Benefit Guaranty Corporation 534 -483 1,018 1,623 5,757 -4,134 1,623 5,061 -3,438

 Office of Workers' Compensation Programs:

 Special Benefits 225 ...... 225 -695 ...... -695 -1,067 ...... -1,067

 Energy Employees Occupational Illness Compensation Fund 124 ...... 124 395 ...... 395 333 ...... 333

 Special Benefits for Disabled Coal Miners 6 ...... 6 16 ...... 16 18 ...... 18

 Black Lung Disability Trust Fund 20 ...... 20 52 ...... 52 53 ...... 53

 Other 46 ...... 46 97 ...... 97 90 ...... 90

 Wage and Hour Division 27 ...... 27 59 ...... 59 62 ...... 62

 Occupational Safety and Health Administration 72 ...... 72 149 ...... 149 128 ...... 128

 Mine Safety and Health Administration 48 ...... 48 95 ...... 95 84 ...... 84

 Bureau of Labor Statistics 77 ...... 77 143 ...... 143 141 ...... 141

 Departmental Management 61 ...... 61 190 ...... 190 276 ...... 276

 Other 46 ...... 46 89 ...... 89 72 ...... 72

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

 Intrabudgetary Transactions -14 ...... -14 -72 ...... -72 -87 ...... -87

 Total--Department of Labor 4,664 -483 5,147 10,895 5,759 5,136 10,226 5,062 5,164

Department of State:

 Administration of Foreign Affairs:

 Diplomatic and Consular Programs 732 ...... 732 1,981 ...... 1,981 2,451 ...... 2,451

 Educational and Cultural Exchange Programs 41 ...... 41 202 ...... 202 173 ...... 173

 Embassy Security, Construction, and Maintenance 196 ...... 196 679 ...... 679 432 ...... 432

 Payment to Foreign Service Retirement and Disability

 Fund ...... ...... ...... 288 ...... 288 30 ...... 30

 Foreign Service Retirement and Disability Fund 83 ...... 83 248 ...... 248 240 ...... 240

 Other 267 ...... 267 1,090 ...... 1,090 551 ...... 551

 Total--Administration of Foreign Affairs 1,319 ...... 1,319 4,489 ...... 4,489 3,877 ...... 3,877

 International Organizations and Conferences 502 ...... 502 1,624 ...... 1,624 1,504 ...... 1,504

 Global Health and Child Survival 1,006 ...... 1,006 2,353 ...... 2,353 2,374 ...... 2,374

 Migration and Refugee Assistance 103 ...... 103 600 ...... 600 824 ...... 824

 International Narcotics Control and Law Enforcement 72 ...... 72 221 ...... 221 261 ...... 261

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

 Other 39 ...... 39 123 ...... 123 121 ...... 121

 Proprietary Receipts from the Public ...... 251 -251 ...... 732 -732 ...... 704 -704

 Intrabudgetary Transactions -57 ...... -57 -316 ...... -316 48 ...... 48

 Total--Department of State 2,985 251 2,733 9,094 732 8,362 9,009 704 8,305

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, December 2019 and Other Periods - Continued

[$ millions]

Department of Transportation:

 Office of the Secretary 91 ...... 91 162 ...... 162 157 ...... 157

 Federal Aviation Administration:

 Operations 398 ...... 398 109 ...... 109 826 ...... 826

 Airport and Airway Trust Fund:

 Grants-In-Aid for Airports 367 ...... 367 1,027 ...... 1,027 1,018 ...... 1,018

 Facilities and Equipment 254 ...... 254 683 ...... 683 715 ...... 715

 Research, Engineering, and Development 11 ...... 11 35 ...... 35 34 ...... 34

 Trust Fund Share of FAA Operations 700 ...... 700 2,533 ...... 2,533 1,800 ...... 1,800

 Total--Airport and Airway Trust Fund 1,332 ...... 1,332 4,278 ...... 4,278 3,568 ...... 3,568

 Other 31 2 29 37 7 30 40 7 33

 Total--Federal Aviation Administration 1,762 2 1,760 4,424 7 4,416 4,433 7 4,427

 Federal Highway Administration:

 Highway Trust Fund:

 Federal-Aid Highways 3,151 ...... 3,151 11,576 ...... 11,576 10,860 ...... 10,860

 Other 1 ...... 1 2 ...... 2 1 ...... 1

 Other Programs 154 ...... 154 520 ...... 520 310 ...... 310

 Total--Federal Highway Administration 3,306 ...... 3,306 12,098 ...... 12,098 11,171 ...... 11,171

 Federal Motor Carrier Safety Administration 61 ...... 61 145 ...... 145 141 ...... 141

 National Highway Traffic Safety Administration 134 ...... 134 305 ...... 305 302 ...... 302

 Federal Railroad Administration:

 Capital and Debt Service Grants to the National Railroad

 Passenger Corporation ...... ...... ...... 1 ...... 1 1 ...... 1

 Other 27 ...... 27 80 ...... 80 438 ...... 438

 Total--Federal Railroad Administration 27 ...... 27 81 ...... 81 439 ...... 439

 Federal Transit Administration:

 Formula Grants (**) ...... (**) 1 ...... 1 3 ...... 3

 Capital Investment Grants 103 ...... 103 338 ...... 338 308 ...... 308

 Transit Formula Grants 851 ...... 851 2,374 ...... 2,374 2,059 ...... 2,059

 Other 141 ...... 141 376 ...... 376 235 ...... 235

 Total--Federal Transit Administration 1,095 ...... 1,095 3,089 ...... 3,089 2,604 ...... 2,604

 Maritime Administration 16 (**) 16 103 (**) 103 -107 3 -110

 Other 50 3 47 147 11 135 136 10 126

 Proprietary Receipts from the Public ...... 6 -6 ...... 39 -39 ...... 35 -35

 Intrabudgetary Transactions:

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

 Offsetting Governmental Receipts ...... (**) (**) ...... (**) (**) ...... 3 -3

 Total--Department of Transportation 6,543 11 6,532 20,554 58 20,496 19,276 56 19,220

Department of the Treasury:

 Departmental Offices:

 Exchange Stabilization Fund 12 32 -20 21 96 -75 18 131 -113

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

 Troubled Asset Relief Program 77 ...... 77 253 ...... 253 393 ...... 393

 Other 125 ...... 125 327 ...... 327 325 ...... 325

 Bureau of the Fiscal Service:

 Payment to the Resolution Funding Corporation ...... ...... ...... 662 ...... 662 662 ...... 662

 Financial Agent Services 64 ...... 64 199 ...... 199 193 ...... 193

 Claims, Judgements, and Relief Acts 212 ...... 212 331 ...... 331 692 ...... 692

 Other 1,026 (**) 1,026 1,150 (**) 1,150 321 (**) 321

 Total--Bureau of the Fiscal Service 1,302 (**) 1,301 2,342 (**) 2,342 1,868 (**) 1,868

 Federal Financing Bank -255 ...... -255 -359 ...... -359 -667 ...... -667

 Alcohol and Tobacco Tax and Trade Bureau:

 Salaries and Expenses 12 ...... 12 31 ...... 31 30 ...... 30

 Internal Revenue Collections for Puerto Rico 41 ...... 41 112 ...... 112 106 ...... 106

 Bureau of Engraving and Printing 34 ...... 34 24 ...... 24 -44 ...... -44

 United States Mint 117 89 28 377 358 19 382 413 -32

 Internal Revenue Service:

 Taxpayer Services 283 ...... 283 655 ...... 655 640 ...... 640

 Enforcement 545 ...... 545 1,260 ...... 1,260 1,219 ...... 1,219

 Operations Support 446 ...... 446 1,134 ...... 1,134 1,158 ...... 1,158

 Build America Bond Payments, Recovery Act 151 ...... 151 736 ...... 736 866 ...... 866

 Refundable Premium Tax Credits and Cost Sharing

 Reductions 6,012 ...... 6,012 13,431 ...... 13,431 13,136 ...... 13,136

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, December 2019 and Other Periods - Continued

[$ millions]

Department of the Treasury: - Continued

 Payment Where Earned Income Credit Exceeds Liability for

 Tax 49 ...... 49 311 ...... 311 402 ...... 402

 Payment Where Child Tax Credit Exceeds Liability for Tax 40 ...... 40 283 ...... 283 171 ...... 171

 Payment Where American Opportunity Tax Credit Exceeds

 Liability for Tax -2 ...... -2 35 ...... 35 10 ...... 10

 Refunding Internal Revenue Collections, Interest 300 ...... 300 584 ...... 584 484 ...... 484

 Other 1,295 (**) 1,295 5,408 (**) 5,408 1,169 (**) 1,169

 Total--Internal Revenue Service 9,118 (**) 9,118 23,839 (**) 23,839 19,256 (**) 19,256

 Comptroller of the Currency 107 11 96 284 20 263 283 19 264

 Interest on the Public Debt:

 Interest on Treasury Debt Securities (Gross):

 Public Issues (Accrual Basis) 34,989 ...... 34,989 98,739 ...... 98,739 94,457 ...... 94,457

 Special Issues (Cash Basis) 59,236 ...... 59,236 61,448 ...... 61,448 69,764 ...... 69,764

 Total--Interest on Treasury Debt Securities (Gross) 94,225 ...... 94,225 160,187 ...... 160,187 164,221 ...... 164,221

 Total--Interest on the Public Debt 94,225 ...... 94,225 160,187 ...... 160,187 164,221 ...... 164,221

 Other 12 ...... 12 31 ...... 31 30 ...... 30

 Proprietary Receipts from the Public ...... 1,178 -1,178 ...... 1,354 -1,354 ...... 7,760 -7,760

 Intrabudgetary Transactions -120 ...... -120 -342 ...... -342 -510 ...... -510

 Total--Department of the Treasury 104,807 1,310 103,497 187,127 1,829 185,298 185,691 8,324 177,367

Department of Veterans Affairs:

 Joint DOD-VA Medical Facility Demonstration Fund 35 ...... 35 106 ...... 106 111 ...... 111

 Veterans Health Administration:

 Veterans Choice Fund, Veterans Health Administration 15 ...... 15 61 ...... 61 1,064 ...... 1,064

 Medical Services 5,599 ...... 5,599 17,669 ...... 17,669 15,816 ...... 15,816

 Medical Support and Compliance 578 ...... 578 1,936 ...... 1,936 1,754 ...... 1,754

 Medical Facilities 510 ...... 510 1,556 ...... 1,556 1,511 ...... 1,511

 Other 109 49 60 372 126 246 341 111 229

 Benefits Programs:

 Public Enterprise Funds:

 Housing Accounts (**) 1 -1 (**) 2 -2 (**) 3 -3

 Other 52 54 -1 192 500 -308 219 223 -4

 Compensation and Pensions 8,841 ...... 8,841 34,067 ...... 34,067 31,385 ...... 31,385

 Readjustment Benefits 765 ...... 765 4,095 ...... 4,095 4,283 ...... 4,283

 Veterans Housing Benefit Program Fund ...... ...... ...... ...... ...... ...... 21 ...... 21

 Insurance Funds:

 National Service Life 46 ...... 46 152 ...... 152 172 ...... 172

 Veterans Special Life 14 27 -13 49 30 20 43 34 9

 Other 7 ...... 7 26 ...... 26 20 ...... 20

 Total--Benefits Programs 9,726 82 9,644 38,581 532 38,049 36,143 260 35,883

 Departmental Administration:

 Construction 74 ...... 74 221 ...... 221 429 ...... 429

 Information Technology Systems 273 ...... 273 1,110 ...... 1,110 1,130 ...... 1,130

 General Operating Expenses 349 ...... 349 1,170 ...... 1,170 1,102 (**) 1,102

 Other 219 ...... 219 738 ...... 738 433 ...... 433

 Proprietary Receipts from the Public:

 National Service Life ...... 9 -9 ...... 11 -11 ...... 4 -4

 Other ...... 336 -336 ...... 1,104 -1,104 ...... 974 -974

 Intrabudgetary Transactions 2 ...... 2 14 ...... 14 -3 ...... -3

 Total--Department of Veterans Affairs 17,489 475 17,014 63,535 1,773 61,761 59,830 1,350 58,481

Corps of Engineers:

 Construction 255 ...... 255 691 ...... 691 266 ...... 266

 Operation and Maintenance 342 ...... 342 989 ...... 989 773 ...... 773

 Flood Control and Coastal Emergencies 53 ...... 53 176 ...... 176 380 ...... 380

 Rivers and Harbors Contributed Funds 56 ...... 56 127 ...... 127 88 ...... 88

 Other 129 ...... 129 334 ...... 334 344 ...... 344

 Proprietary Receipts from the Public ...... 50 -50 ...... 139 -139 ...... 174 -174

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

 Total--Corps of Engineers 835 50 785 2,318 139 2,179 1,851 174 1,676

Other Defense Civil Programs:

 Military Retirement:

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

 Military Retirement Fund 5,185 ...... 5,185 20,144 ...... 20,144 19,525 ...... 19,525

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, December 2019 and Other Periods - Continued

[$ millions]

Other Defense Civil Programs: - Continued

 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 657 ...... 657 2,684 ...... 2,684 2,548 ...... 2,548

 Educational Benefits 20 ...... 20 62 ...... 62 67 ...... 67

 Other 25 ...... 25 68 ...... 68 86 ...... 86

 Proprietary Receipts from the Public ...... 2 -2 ...... 5 -5 ...... 6 -6

 Intrabudgetary Transactions -526 ...... -526 -100,627 ...... -100,627 -96,068 ...... -96,068

 Total--Other Defense Civil Programs 5,361 2 5,360 20,840 5 20,835 19,874 6 19,868

Environmental Protection Agency:

 Science and Technology 53 ...... 53 171 ...... 171 138 ...... 138

 Environmental Programs and Management 181 ...... 181 661 ...... 661 699 ...... 699

 State and Tribal Assistance Grants 388 ...... 388 1,257 ...... 1,257 1,149 ...... 1,149

 Payment to the Hazardous Substance Superfund 176 ...... 176 332 ...... 332 246 ...... 246

 Hazardous Substance Superfund 140 ...... 140 381 ...... 381 302 ...... 302

 Other 44 7 37 42 10 32 8 6 2

 Proprietary Receipts from the Public ...... 32 -32 ...... 84 -84 ...... 47 -47

 Intrabudgetary Transactions -165 ...... -165 -309 ...... -309 -186 ...... -186

 Offsetting Governmental Receipts ...... 1 -1 ...... 5 -5 ...... 4 -4

 Total--Environmental Protection Agency 816 40 777 2,535 98 2,437 2,356 57 2,299

Executive Office of the President:

 The White House 5 ...... 5 16 ...... 16 14 ...... 14

 Office of Management and Budget 8 ...... 8 27 ...... 27 29 ...... 29

 Unanticipated Needs 2 ...... 2 7 ...... 7 6 ...... 6

 Other 18 ...... 18 49 ...... 49 60 ...... 60

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

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

 Total--Executive Office of the President 33 (**) 33 100 (**) 99 110 (**) 110

General Services Administration:

 Real Property Activities -61 ...... -61 -105 ...... -105 -121 ...... -121

 Supply and Technology Activities 32 ...... 32 48 ...... 48 -67 ...... -67

 General Activities 15 ...... 15 70 ...... 70 72 ...... 72

 Proprietary Receipts from the Public ...... 6 -6 ...... 37 -37 ...... 3 -3

 Intrabudgetary Transactions 3 ...... 3 -2 ...... -2 -8 ...... -8

 Total--General Services Administration -11 6 -17 12 37 -26 -125 3 -127

International Assistance Programs:

 Millennium Challenge Corporation 56 ...... 56 144 ...... 144 205 ...... 205

 International Security Assistance:

 Foreign Military Financing Program 164 ...... 164 1,945 ...... 1,945 2,082 ...... 2,082

 Economic Support Fund 949 ...... 949 1,487 ...... 1,487 1,657 ...... 1,657

 Other -14 ...... -14 274 ...... 274 424 7 417

 Total--International Security Assistance 1,100 ...... 1,100 3,706 ...... 3,706 4,163 7 4,156

 Multilateral Assistance:

 Other 235 ...... 235 236 ...... 236 303 ...... 303

 Total--Multilateral Assistance 235 ...... 235 236 ...... 236 303 ...... 303

 Agency for International Development:

 Development Assistance Program 210 ...... 210 577 ...... 577 568 ...... 568

 Assistance for Europe, Eurasia and Central Asia 60 ...... 60 193 ...... 193 144 ...... 144

 International Disaster Assistance 194 ...... 194 1,114 ...... 1,114 798 ...... 798

 Operating Expenses 151 ...... 151 328 ...... 328 351 ...... 351

 Other 59 5 54 410 29 381 414 41 373

 Proprietary Receipts from the Public ...... 43 -43 ...... 53 -53 ...... 137 -137

 Intrabudgetary Transactions (**) ...... (**) -3 ...... -3 -4 ...... -4

 Total--Agency for International Development 674 48 626 2,619 82 2,536 2,272 178 2,094

 Overseas Private Investment Corporation:

 Overseas Private Investment Corporation Accounts 9 16 -8 27 38 -12 23 35 -11

 Proprietary Receipts from the Public ...... 25 -25 ...... 57 -57 ...... 77 -77

 Total--Overseas Private Investment Corporation 9 41 -32 27 96 -69 23 112 -88

 Peace Corps 40 (**) 40 109 1 109 108 1 107

 Military Sales Program:

 Foreign Military Sales Trust Fund 4,226 ...... 4,226 9,609 ...... 9,609 8,596 ...... 8,596

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, December 2019 and Other Periods - Continued

[$ millions]

International Assistance Programs: - Continued

 Other 42 ...... 42 60 ...... 60 32 (**) 32

 Proprietary Receipts from the Public ...... 7,014 -7,014 ...... 13,298 -13,298 ...... 11,936 -11,936

 Other 16 1 16 39 1 38 32 1 31

 Total--International Assistance Programs 6,397 7,104 -707 16,549 13,478 3,071 15,732 12,234 3,498

National Aeronautics and Space Administration:

 Science 588 ...... 588 1,714 ...... 1,714 1,571 ...... 1,571

 Aeronautics 70 ...... 70 217 ...... 217 167 ...... 167

 Exploration 520 ...... 520 1,308 ...... 1,308 1,097 ...... 1,097

 Cross Agency Support 207 ...... 207 723 ...... 723 802 ...... 802

 Space Operations 789 ...... 789 1,426 ...... 1,426 1,452 ...... 1,452

 Other 172 ...... 172 466 ...... 466 397 ...... 397

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

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

 Total--National Aeronautics and Space Administration 2,346 (**) 2,346 5,854 (**) 5,854 5,486 1 5,486

National Science Foundation:

 Research and Related Activities 440 ...... 440 1,434 ...... 1,434 1,356 ...... 1,356

 Education and Human Resources 66 ...... 66 234 ...... 234 229 ...... 229

 Other 43 ...... 43 157 ...... 157 163 ...... 163

 Proprietary Receipts from the Public ...... (**) (**) ...... 2 -2 ...... 13 -13

 Total--National Science Foundation 549 (**) 549 1,825 2 1,823 1,748 13 1,735

Office of Personnel Management:

 Government Payment for Annuitants, Employees Health and

 Life Insurance Benefits 1,077 ...... 1,077 3,277 ...... 3,277 3,575 ...... 3,575

 Postal Service Retiree Health Benefits Fund 316 ...... 316 948 ...... 948 618 ...... 618

 Civil Service Retirement and Disability Fund 7,345 ...... 7,345 22,403 ...... 22,403 21,645 ...... 21,645

 Employees Life Insurance Fund 259 324 -65 759 959 -200 749 938 -188

 Employees and Retired Employees Health Benefits Fund 4,846 4,834 11 14,696 14,366 331 14,043 14,247 -204

 Other 5 ...... 5 5 ...... 5 214 ...... 214

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

 Intrabudgetary Transactions:

 Postal Service Contributions -584 ...... -584 -595 ...... -595 -635 ...... -635

 Civil Service Retirement and Disability Fund:

 Other -4 ...... -4 -10 ...... -10 -10 ...... -10

 Total--Office of Personnel Management 13,260 5,158 8,102 41,484 15,325 26,159 40,201 15,186 25,015

Small Business Administration:

 Salaries and Expenses 72 ...... 72 182 (**) 182 212 (**) 212

 Business Loans Program 4 (**) 4 6 (**) 6 1 (**) 1

 Disaster Loans Program 7 (**) 7 20 (**) 20 76 (**) 76

 Other 23 2 21 64 6 59 54 6 48

 Proprietary Receipts from the Public ...... (**) (**) ...... -1 1 ...... -3 3

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

 Total--Small Business Administration 106 2 104 272 6 267 344 2 342

Social Security Administration:

 Payments to Social Security Trust Funds 28 ...... 28 9,038 ...... 9,038 8,672 ...... 8,672

 Supplemental Security Income Program 5,109 ...... 5,109 19,498 ...... 19,498 19,219 ...... 19,219

 Federal Old-Age and Survivors Insurance Trust Fund

 (Off-Budget):

 Benefit Payments 76,253 ...... 76,253 228,959 ...... 228,959 214,217 ...... 214,217

 Administrative Expenses 250 ...... 250 892 ...... 892 1,000 ...... 1,000

 Total--Federal Old-Age and Survivors Insurance Trust

 Fund (Off-Budget) 76,503 ...... 76,503 229,852 ...... 229,852 215,217 ...... 215,217

 Federal Disability Insurance Trust Fund (Off-Budget):

 Benefit Payments 11,562 ...... 11,562 35,630 ...... 35,630 35,403 ...... 35,403

 Administrative Expenses 212 ...... 212 688 ...... 688 748 ...... 748

 Total--Federal Disability Insurance Trust Fund

 (Off-Budget) 11,774 ...... 11,774 36,318 ...... 36,318 36,151 ...... 36,151

 Other 24 ...... 24 51 ...... 51 50 ...... 50

 Proprietary Receipts from the Public:

 On-Budget ...... 233 -233 ...... 652 -652 ...... 586 -586

 Off-Budget ...... 3 -3 ...... 10 -10 ...... 9 -9

 Intrabudgetary Transactions:

 Off-Budget 1 -28 ...... -28 -9,037 ...... -9,037 -8,672 ...... -8,672

 Total--Social Security Administration 93,410 236 93,174 285,719 662 285,056 270,638 595 270,043

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, December 2019 and Other Periods - Continued

[$ millions]

Independent Agencies:

 Broadcasting Board of Governors 62 (**) 62 179 (**) 179 198 (**) 198

 Bureau of Consumer Financial Protection 44 ...... 44 112 (**) 112 106 (**) 106

 Corporation for National and Community Service 74 (**) 74 247 (**) 247 235 (**) 234

 Corporation for Public Broadcasting 4 ...... 4 449 ...... 449 465 ...... 465

 District of Columbia:

 Courts 26 ...... 26 83 ...... 83 74 (**) 74

 General and Special Payments 51 (**) 51 148 21 128 134 18 116

 Equal Employment Opportunity Commission 38 (**) 38 117 (**) 117 103 (**) 102

 Export-Import Bank of the United States 12 -2 14 20 -1 21 21 -8 28

 Federal Communications Commission:

 Universal Service Fund 290 ...... 290 1,942 ...... 1,942 2,649 ...... 2,649

 Other 409 4 405 439 8 431 106 7 99

 Federal Deposit Insurance Corporation:

 Deposit Insurance Fund -989 ...... -989 -499 ...... -499 -2,747 ...... -2,747

 FSLIC Resolution Fund (**) 2 -2 (**) 5 -5 (**) 5 -5

 Total--Federal Deposit Insurance Corporation -989 2 -991 -499 5 -504 -2,747 5 -2,752

 Federal Drug Control Programs 19 ...... 19 89 ...... 89 67 ...... 67

 Federal Housing Finance Agency 28 ...... 28 80 ...... 80 71 ...... 71

 Institute of Museum and Library Services 28 ...... 28 65 (**) 65 63 (**) 63

 Intelligence Community Management Account 44 ...... 44 128 ...... 128 114 ...... 114

 Legal Services Corporation ...... ...... ...... 92 ...... 92 111 ...... 111

 National Archives and Records Administration 34 2 32 116 5 112 103 5 98

 National Credit Union Administration 76 39 37 156 712 -556 328 609 -281

 National Endowment for the Arts 12 (**) 12 42 (**) 42 38 (**) 38

 National Endowment for the Humanities 13 (**) 13 36 (**) 36 32 1 31

 National Labor Relations Board 20 (**) 20 72 (**) 72 70 (**) 70

 Nuclear Regulatory Commission 70 4 66 241 190 51 224 194 30

 Postal Service:

 Off-Budget:

 Public Enterprise Funds 6,499 7,190 -690 20,144 19,502 642 20,433 19,962 471

 Other 1 ...... 1 59 ...... 59 58 ...... 58

 Railroad Retirement Board:

 Federal Windfall Subsidy 1 ...... 1 4 ...... 4 4 ...... 4

 Federal Payments to the Railroad Retirement Accounts (**) ...... (**) 168 ...... 168 231 ...... 231

 Railroad Unemployment Insurance Trust Fund:

 Benefit Payments 11 ...... 11 34 ...... 34 22 ...... 22

 Transfer To Administrative Funds 1 ...... 1 5 ...... 5 6 ...... 6

 Rail Industry Pension Fund:

 Benefit Payments 462 ...... 462 1,389 ...... 1,389 1,375 ...... 1,375

 OASDI Certifications (**) ...... (**) (**) ...... (**) (**) ...... (**)

 Transfer to Administrative Funds 7 ...... 7 25 ...... 25 27 ...... 27

 Other (**) ...... (**) 16 ...... 16 (**) ...... (**)

 National Railroad Retirement Investment Trust:

 Administrative Expenses 8 ...... 8 16 ...... 16 13 ...... 13

 Transfers to the Railroad Retirement Trust Funds from

 the National Railroad Retirement Investment Trust 262 ...... 262 426 ...... 426 364 ...... 364

 Railroad Social Security Equivalent Benefit Account:

 Benefit Payments 619 ...... 619 1,877 ...... 1,877 1,814 ...... 1,814

 Transfer To Administrative Funds 2 ...... 2 8 ...... 8 9 ...... 9

 Other (**) ...... (**) -3 ...... -3 -22 ...... -22

 Proprietary Receipts from the Public ...... 337 -337 ...... 1,160 -1,160 ...... -983 983

 Intrabudgetary Transactions:

 Other -263 ...... -263 -595 ...... -595 -597 ...... -597

 Total--Railroad Retirement Board 1,112 337 776 3,370 1,160 2,210 3,247 -983 4,230

 Securities and Exchange Commission 131 (**) 131 468 (**) 468 527 41 486

 Smithsonian Institution 109 ...... 109 279 (**) 279 259 (**) 259

 Tennessee Valley Authority 5,598 5,562 36 15,559 15,806 -247 12,481 12,379 102

 Other 346 10 336 817 101 715 804 183 621

 Total--Independent Agencies 14,162 13,148 1,013 45,050 37,510 7,540 40,374 32,416 7,958

Undistributed Offsetting Receipts:

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

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, December 2019 and Other Periods - Continued

[$ millions]

Undistributed Offsetting Receipts: - Continued

 Employer Share, Employee Retirement:

 Department of Health and Human Services:

 Federal Hospital Insurance Trust Fund:

 Federal Employer Contributions -327 ...... -327 -981 ...... -981 -1,009 ...... -1,009

 Postal Service Employer Contributions -57 ...... -57 -173 ...... -173 -157 ...... -157

 Department of State:

 Foreign Service Retirement and Disability Fund -30 ...... -30 -86 ...... -86 -85 ...... -85

 Other Defense Civil Programs:

 Military Retirement Fund -1,874 ...... -1,874 -13,748 ...... -13,748 -12,717 ...... -12,717

 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 -3,421 ...... -3,421 -9,375 ...... -9,375 -8,242 ...... -8,242

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund:

 Federal Employer Contributions -1,198 ...... -1,198 -3,592 ...... -3,592 -3,453 ...... -3,453

 Federal Disability Insurance Trust Fund:

 Federal Employer Contributions -204 ...... -204 -610 ...... -610 -816 ...... -816

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

 Total--Employer Share, Employee Retirement -7,112 ...... -7,112 -36,616 ...... -36,616 -34,242 ...... -34,242

 Interest Received by Trust Funds:

 Judicial Branch:

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

 Department of Health and Human Services:

 Federal Hospital Insurance Trust Fund -2,923 ...... -2,923 -2,987 ...... -2,987 -3,402 ...... -3,402

 Federal Supplementary Medical Insurance Trust Fund -1,084 ...... -1,084 -1,145 ...... -1,145 -1,251 ...... -1,251

 Department of Homeland Security:

 Oil Spill Liability Trust Fund -15 ...... -15 -34 ...... -34 -40 ...... -40

 Other -2 ...... -2 -11 ...... -11 -7 ...... -7

 Department of Labor:

 Unemployment Trust Fund -982 ...... -982 -1,017 ...... -1,017 -834 ...... -834

 Department of State:

 Foreign Service Retirement and Disability Fund -266 ...... -266 -267 ...... -267 -276 ...... -276

 Department of Transportation:

 Airport and Airway Trust Fund -179 ...... -179 -189 ...... -189 -153 ...... -153

 Department of Veterans Affairs:

 National Service Life Insurance Fund -43 ...... -43 -44 ...... -44 -55 ...... -55

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

 Corps of Engineers -22 ...... -22 -46 ...... -46 -56 ...... -56

 Other Defense Civil Programs:

 Military Retirement Fund -1,679 ...... -1,679 40 ...... 40 -2,513 ...... -2,513

 Educational Benefits Fund -1 ...... -1 4 ...... 4 12 ...... 12

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

 Environmental Protection Agency -2 ...... -2 -6 ...... -6 -8 ...... -8

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund -12,662 ...... -12,662 -12,676 ...... -12,676 -12,915 ...... -12,915

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund -37,758 ...... -37,758 -38,045 ...... -38,045 -39,753 ...... -39,753

 Federal Disability Insurance Trust Fund -1,371 ...... -1,371 -1,401 ...... -1,401 -1,379 ...... -1,379

 Independent Agencies:

 Railroad Retirement Board -10 ...... -10 -26 ...... -26 -9 ...... -9

 Other -1 ...... -1 -3 ...... -3 -5 ...... -5

 Other -102 ...... -102 -205 ...... -205 -265 ...... -265

 Total--Interest Received by Trust Funds -59,103 ...... -59,103 -58,063 ...... -58,063 -62,912 ...... -62,912

 Rents and Royalties on the Outer Continental Shelf Lands ...... 672 -672 ...... 1,408 -1,408 ...... 1,916 -1,916

 Total--Undistributed Offsetting Receipts -66,214 672 -66,887 -94,679 1,409 -96,088 -97,154 1,916 -99,071

Total Outlays 392,762 43,684 349,078 1,288,093 125,003 1,163,090 1,215,583 125,413 1,090,170

 Total On-Budget 338,543 36,491 302,051 1,054,406 105,492 948,915 997,797 105,442 892,355

 Total Off-Budget 54,219 7,193 47,026 233,687 19,512 214,175 217,786 19,971 197,815

Total Surplus (+) or Deficit (-) -13,273 -356,578 -318,933

 Total On-Budget -42,381 -352,501 -319,105

 Total Off-Budget +29,108 -4,077 +172

23
Table 5. Outlays of the U.S. Government, December 2019 and Other Periods - Continued

[$ millions]

MEMORANDUM

Receipts Offset Against Outlays (In Millions)

Current Comparable

Fiscal Year to Period Prior

Date Fiscal Year

Proprietary Receipts 58,413 63,731

Intrabudgetary Transactions 294,351 285,064

Governmental Receipts 3,290 3,030

 Total Receipts Offset Against Outlays 356,054 351,825

1 Includes FICA and SECA tax credits, non-contributory military service credits, Note: Details may not add to totals due to rounding.

special benefits for the aged and credit for the unnegotiated OASI benefit ... No Transactions

checks. (**) 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, December 2019 and Other Periods

[$ millions]

Liability Accounts:

 Borrowing from the Public:

 Treasury Securities, Issued Under General Financing Authorities:

 Debt Held by the Public 65,022 361,350 340,512 16,809,091 17,105,420 17,170,442

 Intragovernmental Holdings 60,159 120,628 117,526 5,910,309 5,970,778 6,030,938

 Total Treasury Securities Outstanding 125,181 481,978 458,038 22,719,402 23,076,199 23,201,380

 Plus Premium on Treasury Securities 52 71 265 32,781 32,800 32,852

 Less Discount on Treasury Securities -946 9,702 4,562 105,621 116,269 115,323

 Total Treasury Securities Net of Premium and Discount 126,179 472,347 453,740 22,646,560 22,992,729 23,118,908

 Agency Securities, Issued Under Special Financing Authorities (See

 Schedule B; for Other Agency Borrowing, See Schedule C) 10 -244 118 21,455 21,201 21,211

 Total Federal Securities 126,189 472,103 453,858 22,668,015 23,013,930 23,140,119

 Deduct:

 Federal Securities Held as Investments of Government Accounts

 (See Schedule D) 60,298 120,564 116,101 5,893,424 5,953,691 6,013,988

 Less Discount on Federal Securities Held as Investments of

 Government Accounts -124 -473 1,872 28,201 27,851 27,727

 Net Federal Securities Held as Investments of Government

 Accounts 60,421 121,038 114,229 5,865,224 5,925,840 5,986,261

 Total Borrowing from the Public 65,767 351,066 339,629 16,802,792 17,088,090 17,153,857

 Accrued Interest Payable to the Public 5,460 3,160 -1,572 73,285 70,986 76,445

 Allocations of Special Drawing Rights 382 689 -158 48,146 48,454 48,836

 Uninvested Balances, Deposit Funds 680 1,260 378 26,129 26,708 27,388

 Miscellaneous Liability Accounts (Includes Checks Outstanding Etc.) -1,521 14,354 1,587 8,483 24,359 22,837

 Total Liability Accounts 70,767 370,529 339,866 16,958,835 17,258,596 17,329,364

Asset Accounts (Deduct)

 Cash and Monetary Assets:

 U.S. Treasury Operating Cash:

 Federal Reserve Account 1 61,235 21,370 17,425 382,483 342,618 403,853

 Balance 61,235 21,370 17,425 382,483 342,618 403,853

 Special Drawing Rights:

 Total Holdings 397 773 -115 49,976 50,352 50,749

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

 Balance 397 773 -115 44,776 45,152 45,549

 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 824 1,620 -370 1,517 2,314 3,137

 Letter of Credit Issued to IMF 421 253 3,226 -91,228 -91,396 -90,975

 Dollar Deposits with the IMF 18 -11 2 -304 -333 -315

 Receivable/Payable (-) for Interim Maintenance of Value

 Adjustments -656 -1,290 332 1,341 707 51

 Balance 607 572 3,190 22,955 22,920 23,527

 Loans to International Monetary Fund -2 -110 -1,288 2,830 2,722 2,720

 Other Cash and Monetary Assets -133 -261 155 26,541 26,414 26,281

 Total Cash and Monetary Assets 62,104 22,344 19,366 479,586 439,826 501,930

 Non-Federal Securities of the National Railroad Retirement

 Investment Trust 155 797 -1,257 24,058 24,699 24,855

 Net Activity, Guaranteed Loan Financing (See Schedule E) -30 -291 1,748 32,488 32,227 32,197

 Net Activity, Direct Loan Financing (See Schedule E) -5,038 -8,853 1,658 1,414,936 1,411,121 1,406,083

 Miscellaneous Asset Accounts 472 272 -728 -961 -1,160 -689

 Total Asset Accounts 57,662 14,268 20,786 1,950,107 1,906,713 1,964,375

Excess of Liabilities (+) or Assets (-) 13,105 356,261 319,079 15,008,728 15,351,883 15,364,988

Transactions Not Applied to Current Year's Surplus or Deficit (See

 Schedule A for Details) 168 318 -146 ...... 150 318

Total Budget and Off-Budget Federal Entities (Financing of Deficit (+)

 or Disposition of Surplus (-)) 13,273 356,578 318,933 15,008,728 15,352,033 15,365,306

1 Major sources of information used to determine Treasury's operating cash balance reflected as received and withdrawals are reflected as processed.

include Federal Reserve Banks, Treasury Regional Finance Centers, Internal Note: Details may not add to totals due to rounding.

Revenue Service Centers, various electronic systems, and information on the ... No Transactions

Public Debt. Information is presented on a modified cash basis. Deposits are

25
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, December 2019 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 1 1 2 69 70 71

 Independent Agencies:

 Federal Communications Commission ...... ...... ...... (**) (**) (**)

 National Archives and Records Administration ...... ...... ...... (**) (**) (**)

 Tennessee Valley Authority 9 -245 116 21,367 21,113 21,122

 Total Agency Securities 10 -244 118 21,455 21,201 21,211

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

... No Transactions

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, December 2019 and Other Periods

[$ millions]

Excess of Liabilities Beginning of Period:

 Based on Composition of Unified Budget in Preceding Period 15,351,883 15,008,728 14,164,924

 Adjustments During Current Fiscal Year for Changes in Composition of

 Unified Budget:

 Revisions by Federal Agencies to the Prior Budget Results (**) ...... -140,646

 Excess of Liabilities Beginning of Period (Current Basis) 15,351,883 15,008,728 14,024,278

 Budget Surplus (-) or Deficit:

 Based on Composition of Unified Budget in Prior Fiscal Year 13,273 356,578 318,933

 Total Surplus (-) or Deficit (Table 2) 13,273 356,578 318,933

 Total-On-Budget (Table 2) 42,381 352,501 319,105

 Total-Off-Budget (Table 2) -29,108 4,077 -172

 Transactions Not Applied to Current Year's Surplus or Deficit:

 Premium/Discount on Buyback of U.S. Treasury Securities ...... (**) -2

 Other -168 -317 148

 Total-Transactions Not Applied to Current Year's Surplus or Deficit -168 -318 146

 Excess of Liabilities Close of Period 15,364,988 15,364,988 14,343,357

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

... No Transactions

26
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,

December 2019 and Other Periods

[$ millions]

Borrowing from the US Treasury:

 Department of Agriculture:

 Farm Service Agency:

 Commodity Credit Corporation 3,182 -2,065 6,765 24,862 19,615 22,797

 Agricultural Credit Insurance Fund 236 629 280 13,084 13,477 13,713

 Farm Storage Facility Loans -102 120 226 1,067 1,289 1,187

 Apple Loans Fund ...... ...... ...... (**) (**) (**)

 Emergency Boll Weevil Loan Fund ...... -1 -1 4 3 3

 Rural Housing Service:

 Rural Housing Insurance 98 279 187 18,783 18,965 19,062

 Rural Community Facility Loans Fund 59 310 300 10,368 10,619 10,677

 Multifamily Housing Revitalization Loan Account (**) 11 18 454 464 464

 Rural Business - Cooperative Service:

 Rural Business and Industry Loans ...... ...... ...... 88 88 88

 Rural Development Loan Fund 1 3 2 304 306 307

 Rural Economic Development Loan Fund 1 6 5 221 225 227

 Renewable Energy Guaranteed Loan Account ...... ...... ...... 1 1 1

 Rural Microenterprise Investment Loans (**) 1 (**) 44 44 44

 Biorefinery Assistance Loan Account ...... ...... ...... 2 2 2

 Rural Utilities Service:

 Rural Water and Waste Disposal Fund 128 339 172 13,270 13,481 13,609

 Rural Electrification and Telecommunications Fund 41 73 141 6,865 6,897 6,938

 Rural Telephone Bank ...... ...... ...... 118 118 118

 Distance Learning and Telemedicine Program (**) 1 1 788 788 789

 Foreign Agricultural Service ...... ...... ...... 432 432 432

 Department of Commerce:

 National Oceanic and Atmospheric Administration:

 Fisheries Finance 4 10 2 395 402 405

 Department of Defense--Military Programs:

 Family Housing Improvement Loans ...... ...... ...... 1,714 1,714 1,714

 Department of Education:

 College Housing and Academic Facilities Loans ...... (**) ...... 16 16 16

 Federal Direct Student Loans ...... 46,187 72,278 1,211,865 1,258,052 1,258,052

 Teach Grant Loans ...... 23 13 651 675 675

 Temporary Student Loan Purchase Authority ...... -395 -872 39,713 39,317 39,317

 Federal Family Education Loans ...... ...... ...... 35,265 35,265 35,265

 Department of Energy:

 Bonneville Power Administration Fund -100 250 -133 5,280 5,630 5,530

 Western Area Power Administration - Recovery Act ...... ...... ...... 76 76 76

 Title 17 Innovative Technology Loans 33 33 2 748 748 782

 Department of Health and Human Services:

 Consumer Operated and Oriented Plan ...... ...... ...... 149 149 149

 Consumer Operated and Oriented Plan Program Contingency Fund ...... ...... ...... 58 58 58

 Department of Homeland Security:

 National Flood Insurance Fund ...... ...... ...... 20,525 20,525 20,525

 Disaster Assistance Loan Fund (**) 1 1 71 71 72

 Department of Housing and Urban Development:

 Public and Indian Housing Programs:

 Low-Rent Public Housing - Loans and Other Expenses ...... ...... ...... 12 12 12

 Native Hawaiian Housing Loans ...... 1 (**) 2 3 3

 Housing Programs:

 Federal Housing Administration ...... ...... 25 30,386 30,386 30,386

 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 110 110 ...... 4,419 4,419 4,529

 Department of State:

 Repatriation Loans (**) (**) (**) 3 4 4

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,

December 2019 and Other Periods - Continued

[$ millions]

Borrowing from the US Treasury: - Continued

 Department of Transportation:

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund 265 531 413 19,445 19,711 19,976

 Federal Railroad Administration:

 Railroad Rehabilitation and Improvement Loan Fund ...... ...... (**) 1,187 1,187 1,187

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

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) Fund ...... ...... ...... 125 125 125

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund (**) 1 4 96 97 97

 Temporary Credit and Liquidity Program ...... ...... ...... 3,709 3,709 3,709

 Troubled Asset Relief Program ...... ...... ...... 35 35 35

 Small Business Lending Financing Fund ...... ...... ...... 153 153 153

 Federal Financing Bank Revolving Fund 753 1,309 771 63,751 64,306 65,060

 Department of Veterans Affairs:

 Veterans Housing Benefit Program Fund ...... 50 181 492 542 542

 Native American Veteran Housing Fund ...... 4 5 73 77 77

 Vocational Rehabilitation Loan Fund ...... 22133

 Corps of Engineers:

 Washington Aqueduct (**) (**) (**) (**) (**) (**)

 Environmental Protection Agency:

 Water Infrastructure Finance and Innovation Loan Program ...... 164 ...... (**) 164 164

 International Assistance Programs:

 International Security Assistance:

 Foreign Military Loan Program ...... ...... ...... 3,066 3,066 3,066

 Military Debt Reduction ...... ...... ...... 48 48 48

 Agency for International Development:

 Development Credit Authority Loan Fund ...... ...... ...... 8 8 8

 Overseas Private Investment Corporation 65 239 157 3,829 4,003 4,068

 Small Business Administration:

 Business Loan Fund ...... -1 2 2,220 2,219 2,219

 Disaster Loan Fund ...... -475 1,389 9,590 9,115 9,115

 Independent Agencies:

 Export-Import Bank of the United States ...... ...... 17 16,946 16,946 16,946

 Presidio Trust ...... ...... ...... 38 38 38

 Railroad Retirement Board:

 Social Security Equivalent Benefit Account 391 1,128 1,074 3,934 4,671 5,062

 Smithsonian Institution:

 John F. Kennedy Center Parking Facilities ...... ...... ...... 20 20 20

 Total Borrowing from the US Treasury 5,167 48,877 83,426 1,570,919 1,614,629 1,619,796

Borrowing from the Federal Financing Bank:

 Department of Agriculture:

 Rural Utilities Service:

 Rural Electrification and Telecommunications Fund -250 -51 266 46,289 46,488 46,238

 Department of Education:

 Historically Black College and University Capital Financing

 Fund -1 12 -13 1,479 1,493 1,491

 Department of Energy:

 Advanced Technology Vehicles Manufacturing Loans -148 -148 -148 1,618 1,618 1,470

 Title 17 Innovative Technology Loans 895 855 -94 12,804 12,763 13,658

 Department of Health and Human Services:

 Health Maintenance Organization Loan and Loan Guarantee Fund ...... ...... ...... (**) (**) (**)

 Department of Housing and Urban Development:

 Housing Programs:

 Federal Housing Administration 10 262 105 1,969 2,221 2,231

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund -3 14 126 1,017 1,034 1,031

 Department of Veterans Affairs:

 Guaranteed Transitional Housing Loans for Homeless Veterans ...... ...... ...... 4 4 4

 Independent Agencies:

 Postal Service ...... ...... ...... 11,000 11,000 11,000

 Total Borrowing from the Federal Financing Bank 503 945 242 76,180 76,622 77,125

28

these funds to agencies in lieu of agencies borrowing directly through Treasury

or issuing their own securities.

... No Transactions

(**) Less than absolute value of $500,000

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

Note: This table includes lending by the Federal Financing Bank accomplished by

the purchase of agency financial assets, by the acquisition of agency debt

securities, and by direct loans on behalf of an agency. The Federal Financing

Bank borrows from Treasury and issues its own securities and in turn may loan
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, December 2019 and Other Periods

[$ millions]

Federal Funds:

 Department of Agriculture 23 (**) ...... 226 203 226

 Department of Commerce -3 ...... ...... ...... 3 ......

 Department of Defense--Military Programs:

 Defense Cooperation Account ...... ...... (**) 8 8 8

 Department of Energy 77 107 -51 55,848 55,878 55,955

 Department of Health and Human Services -3,917 11,006 10,236 ...... 14,923 11,006

 Department of Homeland Security -59 -59 184 1,525 1,525 1,467

 Department of Housing and Urban Development:

 Housing Programs:

 Federal Housing Administration Fund 518 1,830 1,608 50,601 51,913 52,431

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities 22 66 -355 15,784 15,828 15,850

 Department of the Interior -325 -130 -1,221 9,921 10,116 9,791

 Department of Justice 1 4 -1,044 1,040 1,043 1,044

 Department of Labor -734 4,048 4,056 37,020 41,803 41,068

 Department of State:

 Foreign Service Retirement and Disability Fund (**) 3 1 23 25 26

 Other (**) (**) (**) 15 15 15

 Department of Transportation -100 -99 13 2,343 2,344 2,244

 Department of the Treasury 26 57 45 23,842 23,873 23,899

 Department of Veterans Affairs:

 Veterans Reopened Insurance Fund (**) -3 -3 84 80 80

 Servicemen'S Group Life Insurance Fund 3 303 (**) 301 601 604

 Other Defense Civil Programs:

 Uniformed Services Retiree Health Care Fund -117 16,962 13,680 254,176 271,256 271,139

 Office of Personnel Management:

 Postal Service Contributions 268 -353 16 44,611 43,990 44,258

 Independent Agencies:

 Federal Deposit Insurance Corporation:

 Deposit Insurance Fund 938 414 2,907 104,015 103,491 104,429

 FSLIC Resolution Fund 2 6 5 872 876 878

 Federal Housing Finance Agency -23 72 62 71 167 144

 National Credit Union Administration -36 555 290 15,736 16,327 16,291

 Postal Service 787 -567 -575 9,341 7,987 8,774

 Tennessee Valley Authority (**) (**) (**) 25 25 25

 Other

 Treasury Securities -54 -429 -160 11,501 11,127 11,073

 Other -186 157 -345 8,581 8,924 8,738

 Total Treasury Securities -2,888 33,951 29,351 647,510 684,349 681,461

 Total Federal Funds -2,888 33,951 29,351 647,510 684,349 681,461

Trust Funds:

 Legislative Branch:

 Library of Congress (**) (**) -1 23 23 23

 United States Tax Court ...... (**) (**) 13 13 13

 Other 4 5 3 29 29 34

 Judicial Branch:

 Judicial Retirement Funds -18 26 11 1,304 1,348 1,330

 Department of Agriculture ...... ...... ...... 6 6 6

 Department of Commerce -1,511 -1,500 77 7,561 7,572 6,061

 Department of Defense--Military Programs:

 Voluntary Separation Incentive Fund -3 4 -4 89 96 93

 Other -12 43 443 1,735 1,790 1,778

 Department of Health and Human Services:

 Federal Hospital Insurance Trust Fund 11,195 -4,659 -2,689 198,625 182,772 193,967

 Federal Supplementary Medical Insurance Trust Fund 18,905 3,353 5,961 104,716 89,164 108,069

 Other 35 71 22 3,884 3,921 3,956

 Department of Homeland Security -1 19 226 8,853 8,874 8,873

 Department of the Interior (**) 3 -13 36 40 39

 Department of Labor:

 Unemployment Trust Fund -1,518 -536 -411 84,361 85,343 83,826

 Other -8 -18 -28 64 54 46

 Department of State:

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, December 2019 and Other Periods - Continued

[$ millions]

Trust Funds: - Continued

 Foreign Service Retirement and Disability Fund 217 402 158 19,318 19,504 19,720

 Other -1 -2 -3 46 46 45

 Department of Transportation:

 Airport and Airway Trust Fund 270 337 905 15,018 15,085 15,355

 Highway Trust Fund -179 -2,967 -3,563 28,192 25,404 25,225

 Department of the Treasury -105 -275 -251 3,578 3,408 3,303

 Department of Veterans Affairs:

 General Post Fund, National Homes ...... ...... ...... 119 119 119

 National Service Life Insurance 4 -95 -113 2,456 2,358 2,362

 United States Government Life Insurance Fund (**) (**) (**) 2 2 2

 Veterans Special Life Insurance Fund 12 -19 -10 1,357 1,326 1,338

 Corps of Engineers 148 433 663 9,454 9,739 9,887

 Other Defense Civil Programs:

 Military Retirement Fund -1,689 94,701 84,215 827,414 923,804 922,115

 Other -3 -37 -34 1,158 1,123 1,120

 Environmental Protection Agency 59 107 -57 6,024 6,073 6,131

 National Aeronautics and Space Administration (**) (**) (**) 16 16 16

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund

 Treasury Securities 9,145 927 697 939,703 931,484 940,629

 Employees Life Insurance Fund 65 200 188 48,199 48,334 48,399

 Employees and Retired Employees Health Benefits Fund -11 -331 244 27,802 27,483 27,472

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund 27,397 -41 -3,280 2,804,396 2,776,958 2,804,355

 Federal Disability Insurance Trust Fund 871 -3,382 3,800 96,520 92,267 93,138

 Independent Agencies:

 Harry S Truman Scholarship Foundation ...... ...... -1 51 51 51

 Japan-United States Friendship Commission ...... ...... -1 35 35 35

 Railroad Retirement Board

 Treasury Securities -84 -360 -305 2,606 2,330 2,246

 Other

 Treasury Securities 4 204 -101 1,149 1,349 1,353

 Total Treasury Securities 63,185 86,613 86,750 5,245,914 5,269,342 5,332,527

 Total Trust Funds 63,185 86,613 86,750 5,245,914 5,269,342 5,332,527

Grand Total 60,298 120,564 116,101 5,893,424 5,953,691 6,013,988

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

30
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, December 2019 and Other Periods

[$ millions]

Guaranteed Loan Financing Activity:

 Department of Agriculture:

 Farm Service Agency:

 Commodity Credit Corporation Export Fund -14 -31 -19 183 166 152

 Agricultural Credit Insurance Fund 1 3 1 -207 -205 -204

 Natural Resources Conservation Service:

 Agricultural Resource Conservation Demonstration Program ...... ...... ...... (**) (**) (**)

 Rural Housing Service:

 Rural Community Facility Loans (**) -1 -1 -42 -43 -43

 Rural Housing Insurance Fund -19 -22 -34 851 848 829

 Rural Business - Cooperative Service:

 Rural Business and Industry Loans 2 -7 -6 -157 -166 -164

 Renewable Energy Guaranteed Loan Account (**) -1 -3 -50 -51 -51

 Biorefinery Assistance Loan Account ...... ...... -3 -47 -47 -47

 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 47 -353 -384 23,825 23,426 23,472

 Department of Energy:

 Title 17 Innovative Technology Loans ...... -2 ...... -126 -128 -128

 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 4 (**) -2 -135 -140 -136

 Native Hawaiian Housing Loans (**) (**) (**) -1 -1 -1

 Community Planning and Development:

 Community Development Loans (**) (**) (**) -14 -14 -14

 Housing Programs:

 FHA-Mutual Mortgage Insurance Loans 161 523 2,373 19,700 20,061 20,222

 FHA-General and Special Risk Fund 122 403 687 -2,389 -2,108 -1,986

 Home Ownership Preservation Entity Fund (**) (**) (**) -17 -17 -17

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities -147 -446 -444 6,253 5,953 5,806

 Department of the Interior:

 Bureau of Indian Affairs and Bureau of Indian Education -1 -2 -2 -46 -46 -48

 Department of Transportation:

 Office of the Secretary:

 Minority Business Resource Center Fund ...... ...... ...... (**) (**) (**)

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund ...... ...... ...... (**) (**) (**)

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) Fund (**) 1 -29 -51 -49 -49

 Department of the Treasury:

 Departmental Offices:

 Air Transportation Stabilization Fund ...... ...... ...... (**) (**) (**)

 Troubled Assets Insurance Financing Fund ...... ...... ...... (**) (**) (**)

 Troubled Asset Relief Program (**) (**) (**) -2 -2 -2

 Department of Veterans Affairs:

 Veterans Benefits Administration:

 Veterans Housing Benefit Program Fund -162 -227 -193 -9,169 -9,234 -9,396

 International Assistance Programs:

 Agency for International Development:

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, December 2019 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 1 1 -39 -40 -38

 Microenterprise and Small Enterprise Development ...... ...... (**) (**) (**) (**)

 Development Credit Authority Loan Fund 3 2 -4 -101 -102 -99

 Tunisia Loan Fund ...... ...... 19 -1,325 -1,325 -1,325

 Overseas Private Investment Corporation 12 23 -13 255 267 278

 Small Business Administration:

 Business Loan Fund -29 -148 -183 -1,662 -1,780 -1,809

 Independent Agencies:

 Export-Import Bank of the United States -12 -9 -14 -568 -565 -577

 Net Activity, Guaranteed Loan Financing -30 -291 1,748 32,488 32,227 32,197

Direct Loan Financing Activity:

 Department of Agriculture:

 Farm Service Agency:

 Agricultural Credit Insurance Fund -32 21 -195 11,550 11,603 11,571

 Farm Storage Facility Loans 16 16 46 819 819 835

 Apple Loans Fund ...... ...... ...... (**) (**) (**)

 Emergency Boll Weevil Loan Fund ...... -2 -1 3 2 2

 Rural Housing Service:

 Rural Community Facility Loans Fund -1 160 325 9,512 9,673 9,672

 Rural Housing Insurance Fund -38 -130 -102 15,735 15,643 15,605

 Multifamily Housing Revitalization Loan Account (**) 5 5 416 421 421

 Rural Business - Cooperative Service:

 Rural Business and Industry Loan Fund (**) (**) (**) (**) -1 -1

 Rural Development Loan Fund -2 -8 -7 280 274 272

 Rural Economic Development Loan Fund -2 -4 8 185 183 182

 Rural Microenterprise Investment Loans (**) -1 (**) 40 39 39

 Rural Utilities Service:

 Rural Water and Waste Disposal Loans 23 -3 (**) 11,857 11,832 11,855

 Rural Electrification and Telecommunications Fund -389 -289 712 48,284 48,384 47,995

 Rural Telephone Bank -2 -4 -4 92 89 87

 Distance Learning and Telemedicine Program -10 -21 -22 560 550 539

 Rural Development Insurance Fund ...... ...... ...... 1,065 1,065 1,065

 Foreign Agricultural Service:

P.L. 480 Direct Loan Fund -24 -46 -47 407 384 361

International Debt Reduction -1 -4 -4 -62 -65 -66

 Department of Commerce:

 National Oceanic and Atmospheric Administration:

 Fisheries Finance (**) -1 -10 395 394 394

 Department of Defense--Military Programs -6 -21 -20 1,714 1,699 1,693

 Department of Education:

 Office of Postsecondary Education:

 College Housing and Academic Facilities Loans ...... (**) (**) 3 3 3

 Historically Black College and University Capital Financing

 Fund -1 12 1 1,320 1,333 1,332

 Office of Student Financial Assistance:

 Federal Direct Student Loans -1,773 -3,011 3,494 1,177,207 1,175,969 1,174,196

 Teach Grant Loans (**) -2 2 616 614 614

 Temporary Student Loan Purchase Authority -477 -1,458 -1,662 58,858 57,877 57,400

 Department of Energy:

 Advanced Technology Vehicles Manufacturing Loans -148 -148 -148 1,548 1,548 1,400

 Title 17 Innovative Technology Loans 928 889 -94 12,737 12,698 13,626

 Department of Health and Human Services:

 Consumer Operated and Oriented Plan -1 -1 -4 126 126 126

 Consumer Operated and Oriented Plan Program Contingency Fund (**) (**) ...... 55 55 55

 Department of Homeland Security:

 Disaster Assistance Loan Fund (**) -4 (**) 34 31 31

 Department of Housing and Urban Development:

 Housing Programs:

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, December 2019 and Other Periods - Continued

[$ millions]

Direct Loan Financing Activity: - Continued

 Emergency Homeowners' Relief Fund (**) (**) (**) -1 -1 -1

 FHA-Mutual Mortgage Insurance Loans ...... ...... ...... (**) (**) (**)

 FHA-General and Special Risk Fund 10 285 119 2,077 2,352 2,362

 Green Retrofit Program for Multifamily Housing Fund ...... -3 (**) 8 5 5

 Department of the Interior:

 Bureau of Reclamation ...... ...... ...... 30 30 30

 Bureau of Indian Affairs and Bureau of Indian Education (**) (**) (**) 2 2 2

 Assistance to American Samoa Loan Fund ...... ...... ...... 8 8 8

 Department of State:

 Administration of Foreign Affairs:

 Repatriation Loans (**) (**) (**) 1 1 1

 Department of Transportation:

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund -1,902 -3,286 -96 19,332 17,948 16,046

 Tiger Tifia Loan Fund ...... (**) (**) 58 58 58

 Federal Railroad Administration:

 Railroad Rehabilitation and Improvement Loan Fund -3 -31 -11 1,070 1,042 1,039

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund -5 11 128 1,110 1,126 1,121

 GSE Mortgage-Backed Securities Purchase Program ...... ...... ...... 4,613 4,613 4,613

 Temporary Credit and Liquidity Program -44 -409 -141 3,644 3,280 3,236

 Troubled Asset Relief Program ...... (**) -14 -43 -44 -44

 Small Business Lending Program ...... -2 -5 53 51 51

 Bureau of the Fiscal Service ...... ...... ...... (**) (**) (**)

 Department of Veterans Affairs:

 Veterans Benefits Administration:

 Veterans Housing Benefit Program Fund (**) 2 -9 389 391 391

 Native American Veteran Housing Fund -1 (**) 1 68 69 68

 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 ...... ...... 537 2,432 2,432 2,432

 Military Debt Reduction ...... ...... ...... 36 36 36

 Agency for International Development:

 International Debt Reduction ...... -25 -44 -146 -172 -172

 Overseas Private Investment Corporation -17 42 -26 2,860 2,919 2,902

 International Monetary Programs ...... ...... ...... -278 -278 -278

 Small Business Administration:

 Business Loan Fund -2 -2 -2 172 172 171

 Disaster Loan Fund -55 -154 299 8,252 8,153 8,099

 Independent Agencies:

 Export-Import Bank of the United States -1,081 -1,390 -1,349 13,831 13,522 12,441

 Federal Communications Commission:

 Spectrum Auction Loan Fund ...... ...... (**) (**) (**) (**)

 Net Activity, Direct Loan Financing -5,038 -8,853 1,658 1,414,936 1,411,121 1,406,083

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

33
This Page Intentionally Left Blank

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 126,389 105,764 152,706 384,858 372,794

 Corporation Income Taxes 6,571 532 58,311 65,414 53,109

 Social Insurance and Retirement Receipts:

 Employment and General Retirement 86,671 93,654 102,399 282,724 267,007

 Unemployment Insurance 2,757 2,596 248 5,601 5,883

 Other Retirement 389 486 449 1,323 1,227

 Excise Taxes 6,037 7,513 7,017 20,567 29,429

 Estate and Gift Taxes 1,691 1,239 1,698 4,627 5,033

 Customs Duties 7,757 6,940 6,449 21,147 17,827

 Miscellaneous Receipts 7,260 6,461 6,529 20,250 18,927

 Total--Receipts This Year 245,521 225,185 335,805 806,512 ......

 (On-Budget) 181,095 155,648 259,671 596,414 ......

 (Off-Budget) 64,426 69,537 76,135 210,098 ......

 Total--Receipts Prior Year 252,692 205,961 312,584 ...... 771,237

 (On-Budget) 190,915 139,336 242,999 ...... 573,250

 (Off-Budget) 61,777 66,625 69,585 ...... 197,987

Outlays:

 Legislative Branch 504 303 586 1,394 1,278

 Judicial Branch 713 776 677 2,166 2,077

 Department of Agriculture:

 Commodity Credit Corporation 5,774 6,662 3,145 15,582 15,037

 Foreign Agricultural Service 297 147 154 599 533

 Other 13,022 11,759 11,763 36,544 35,090

 Department of Commerce 963 2,359 1,291 4,613 3,783

 Department of Defense--Military Programs:

 Military Personnel 28,921 14,024 12,271 55,216 52,963

 Operation and Maintenance 21,805 21,315 23,294 66,414 63,773

 International Reconstruction and Other

 Assistance ...... ...... ...... ...... 6

 Procurement 8,404 14,858 13,029 36,291 28,687

 Research, Development, Test, and Evaluation 7,690 7,430 9,703 24,822 21,161

 Military Construction 862 583 668 2,112 1,973

 Family Housing 84 67 97 247 251

 Revolving and Management Funds 258 1,241 981 2,479 3,126

 Other 209 556 -1,000 -234 -7

 Total Department of Defense--Military Programs 68,233 60,073 59,042 187,348 171,933

 Department of Education 8,094 4,772 4,785 17,651 16,983

 Department of Energy 3,109 2,639 2,226 7,974 6,622

 Department of Health and Human Services:

 National Institutes of Health 3,179 3,110 3,002 9,291 9,035

 Centers for Medicare and Medicaid Services:

 Grants to States for Medicaid 34,777 33,243 32,932 100,952 95,930

 Federal Hospital Insurance Trust Fund 27,210 35,953 18,135 81,298 76,849

 Federal Supplementary Medical Insurance

 Trust Fund 38,895 57,493 19,585 115,973 106,554

 Other 34,196 30,045 30,051 94,292 89,293

 Administration for Children and Families 4,848 5,527 4,594 14,969 13,678

 Other -37,714 -33,291 -36,428 -107,434 -102,311

 Department of Homeland Security 4,884 5,053 5,450 15,387 16,527

 Department of Housing and Urban Development 3,836 3,798 4,056 11,690 11,400

 Department of the Interior 1,251 900 1,454 3,605 3,671

 Department of Justice 3,135 2,778 3,024 8,937 8,838

 Department of Labor:

 Unemployment Trust Fund 2,285 2,079 2,941 7,305 7,274

 Other -5,653 1,278 2,206 -2,169 -2,109

 Department of State 2,251 3,377 2,733 8,362 8,305

 Department of Transportation:

 Highway Trust Fund 4,742 3,683 3,153 11,578 10,861

 Other 2,728 2,810 3,380 8,918 8,359

 Department of the Treasury:

 Interest on Treasury Debt Securities (Gross) 30,319 35,643 94,225 160,187 164,221

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 25,111 13,146

 Department of Veterans Affairs:

 Compensation and Pensions 8,604 16,622 8,841 34,067 31,385

 National Service Life 54 49 37 141 168

 Other 8,937 10,481 8,136 27,553 26,928

 Corps of Engineers 710 684 785 2,179 1,676

 Other Defense Civil Programs 5,354 10,121 5,360 20,835 19,868

 Environmental Protection Agency 831 829 777 2,437 2,299

 Executive Office of the President 33 33 33 99 110

 General Services Administration 46 -54 -17 -26 -127

 International Assistance Programs:

 International Security Assistance 513 2,093 1,100 3,706 4,155

 Multilateral Assistance (**) 1 235 236 303

 Agency for International Development 1,095 816 626 2,536 2,094

 Other -176 -564 -2,667 -3,407 -3,054

 National Aeronautics and Space Administration 1,715 1,793 2,346 5,854 5,486

 National Science Foundation 679 595 549 1,823 1,735

 Office of Personnel Management 9,587 8,470 8,102 26,159 25,015

 Small Business Administration 81 81 104 267 342

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust

 Fund (Off-Budget) 76,709 76,640 76,503 229,852 215,217

 Federal Disability Insurance Trust Fund

 (Off-Budget) 12,285 12,259 11,774 36,318 36,151

 Other 4,688 9,303 4,896 18,887 18,675

 Independent Agencies:

 Deposit Insurance Fund 367 124 -989 -499 -2,747

 FSLIC Resolution Fund -2 -1 -2 -5 -5

 Postal Service:

 Off-Budget:

 Public Enterprise Funds 545 788 -690 642 471

 Other 38 20 1 59 58

 Tennessee Valley Authority -188 -95 36 -247 102

 Other 2,399 2,532 2,658 7,589 10,078

 Undistributed Offsetting Receipts:

 Employer Share, Employee Retirement -22,480 -7,025 -7,112 -36,616 -34,242

 Interest Received by Trust Funds 3,223 -2,183 -59,103 -58,063 -62,912

 Rents and Royalties on the Outer Continental

 Shelf Lands -441 -295 -672 -1,408 -1,916

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

 Totals This Year:

 Total Outlays 379,988 434,024 349,078 1,163,090 ......

 (On-Budget) 300,962 345,901 302,051 948,915 ......

 (Off-Budget) 79,026 88,122 47,026 214,175 ......

 Total-Surplus (+) or Deficit (-) -134,467 -208,838 -13,273 -356,578 ......

 (On-Budget) -119,867 -190,253 -42,381 -352,501 ......

 (Off-Budget) -14,600 -18,585 29,108 -4,077 ......

 Total Borrowing from the Public 159,836 125,462 65,767 351,066 339,629

 Total-Outlays Prior Year 353,183 410,864 326,123 ...... 1,090,170

 (On-Budget) 279,122 328,697 284,536 ...... 892,355

 (Off-Budget) 74,061 82,166 41,588 ...... 197,815

 Total-Surplus (+) or Deficit (-) Prior Year -100,491 -204,903 -13,539 ...... -318,933

 (On-Budget) -88,207 -189,361 -41,537 ...... -319,105

 (Off-Budget) -12,284 -15,541 27,997 ...... 172

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 December 31, 2019

[$ millions]

Trust Receipts, Outlays, and Investments Held:

 Airport and Airway 1,595 1,346 249 3,580 4,327 -747 15,018 15,085 15,355

 Black Lung Disability 15 20 -4 38 52 -14 ...... ...... ......

 Federal Disability Insurance 12,710 11,774 936 32,992 36,318 -3,326 96,520 92,267 93,138

 Federal Employees Life and Health ...... -54 54 ...... 131 -131 76,001 75,817 75,871

 Federal Employees Retirement 17,020 7,441 9,579 24,275 22,692 1,583 960,338 952,348 961,693

 Federal Hospital Insurance 30,228 18,343 11,885 77,594 81,788 -4,194 198,625 182,772 193,967

 Federal Old-Age and Survivors Insurance 103,986 76,503 27,483 229,802 229,852 -50 2,804,396 2,776,958 2,804,355

 Federal Supplementary Medical Insurance 39,331 19,585 19,746 118,043 115,973 2,070 104,716 89,164 108,069

 Hazardous Substance Superfund 209 140 69 416 381 36 5,251 5,270 5,313

 Highways 3,842 4,186 -344 9,303 14,362 -5,059 28,192 25,404 25,225

 Military Advances 7,014 4,226 2,788 13,298 9,609 3,689 ...... ...... ......

 Military Retirement 3,554 5,185 -1,631 105,581 20,144 85,437 827,414 923,804 922,115

 Railroad Retirement 1,032 1,360 -329 2,989 3,753 -764 2,606 2,330 2,246

 Unemployment 1,241 2,954 -1,712 6,688 7,344 -656 84,361 85,343 83,826

 Veterans Life Insurance 51 33 19 55 172 -116 3,815 3,686 3,701

 All Other Trust 564 446 119 1,318 1,261 56 38,661 39,094 37,655

 Total Trust Fund Receipts and Outlays and Investments

 Held from Table 6-D 222,393 153,487 68,906 625,971 548,157 77,814 5,245,914 5,269,342 5,332,527

 Less: Interfund Transactions 113,838 113,838 ...... 322,549 322,549 ...... ...... ...... ......

 Trust Fund Receipts and Outlays on the Basis of

 Tables 4 & 5 108,555 39,649 68,906 303,421 225,608 77,814

Total Federal Fund Receipts and Outlays 227,251 309,429 -82,178 503,090 937,482 -434,392

 Less: Interfund Transactions (**) (**) ...... (**) (**) ......

 Federal Fund Receipts and Outlays on the Basis of

 Table 4 & 5 227,251 309,429 -82,178 503,090 937,482 -434,392

Net Budget Receipts & Outlays 335,805 349,078 -13,273 806,512 1,163,090 -356,578

Note: Details may not add to totals due to rounding. against budget outlays. In this table, Interfund receipts are shown as an

Note: Interfund receipts and outlays are transactions between Federal funds and adjustment to arrive at total receipts and outlays of trust funds respectively.

trust funds such as Federal payments and contributions, and interest and profits ... No Transactions

on investments in Federal securities. They have no net effect on overall budget (**) Less than absolute value of $500,000

receipts and outlays since the receipt side of such transactions is offset

37
Classification This Month Fiscal Year

to Date

Comparable Period

Prior Fiscal Year

Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, December 2019 and Other Periods

[$ millions]

Receipts

 Individual Income Taxes 152,706 384,858 372,794

 Corporation Income Taxes 58,311 65,414 53,109

 Social Insurance and Retirement Receipts:

 Employment and General Retirement 102,399 282,724 267,007

 Unemployment Insurance 248 5,601 5,883

 Other Retirement 449 1,323 1,227

 Excise Taxes 7,017 20,567 29,429

 Estate and Gift Taxes 1,698 4,627 5,033

 Customs Duties 6,449 21,147 17,827

 Miscellaneous Receipts 6,529 20,250 18,927

 Total 335,805 806,512 771,237

Net Outlays

 National Defense 62,015 196,341 179,838

 International Affairs 2,208 11,906 12,079

 General Science, Space, and Technology 3,297 9,103 8,514

 Energy 683 1,480 -398

 Natural Resources and Environment 4,306 11,272 9,300

 Agriculture 4,686 23,104 23,069

 Commerce and Housing Credit -280 8,621 -4,442

 Transportation 8,067 24,921 23,848

 Community and Regional Development 2,124 6,908 8,582

 Education, Training, Employment, and Social Services 7,194 25,386 24,201

 Health 48,766 149,812 142,212

 Medicare 26,395 165,546 153,344

 Income Security 39,149 117,051 114,477

 Social Security 88,275 266,160 251,359

 Veterans Benefits and Services 17,068 61,905 58,639

 Administration of Justice 6,894 17,698 18,101

 General Government 1,491 4,521 4,019

 Net Interest 34,524 99,381 99,586

 Undistributed Offsetting Receipts -7,784 -38,025 -36,158

 Total 349,078 1,163,090 1,090,170

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 -DQXDU\ 20 Statement 

will be 2:00 p.m. EST )HEUXDU\  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