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 2024 Through March 31, 2024, 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 budget estimates provided in Tables 2 and 3 are based on the FY 2025 Budget, which was released by the 

Office of Management and Budget on March 11, 2024.

The detailed line items in this month’s publication have been aligned to the FY 2025 Budget, released by the 

Office of Management and Budget on March 11, 2024.
4

Receipts by Source: Outlays by Function:

Figure 1. Receipts, Outlays, and Surplus/Deficit for March 2024

Figure 2. Cumulative Receipts, Outlays, and Surplus/Deficit through Fiscal Year 2024

Total Receipts

$2,188 Billion

Total Outlays

$3,253 Billion

Receipts by Source: Outlays by Function:

Source data: Table 9

Deficit

$236 Billion

Total Receipts Total Outlays

$332 Billion $569 Billion

Net Interest

Individual Income Taxes $161 Billion

Corporation Income Taxes 

Miscellaneous 

$6 Billion 

Excise Taxes

$15 Billion 

$7 Billion 

$2 Billion 

$2 Billion 

Customs Duties

Estate and Gift Taxes

Social Insurance & Retirement $140 Billion

$82 Billion Income Security

$122 Billion 

$79 Billion Health

Social Security

National Defense

Medicare

$70 Billion 

$79 Billion 

$66 Billion 

Other

Individual Income Taxes $1,089 Billion

Excise Taxes 

$38 Billion 

$13 Billion 

Estate and Gift Taxes

$42 Billion 

Customs Duties

Miscellaneous 

Deficit

$1,065 Billion

Corporation Income Taxes

$715 Billion 

$449 Billion 

Social Security

$433 Billion 

Health

$429 Billion 

$164 Billion

$391 Billion 

Net Interest

Veterans' Benefits & Services

Education

$9 Billion

$17 Billion

Social Insurance & Retirement $802 Billion

$15 Billion

National Defense

Medicare

Income Security

Veterans' Benefits & Services

Education

Commerce & Housing Credit 

Other

$356 Billion

$152 Billion

$99 Billion

$65 Billion

$189 Billion

Transportation

$13 Billion

$29 Billion
5

Period Receipts Outlays Deficit/Surplus (-)

Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government, Fiscal Years 2023 and 2024, by Month

[$ millions]

FY 2023

 October 318,500 406,374 87,874

 November 252,111 500,646 248,535

 December 454,942 539,943 85,001

 January 447,288 486,072 38,784

 February 262,114 524,548 262,434

 March 313,240 691,675 378,435

 April 638,520 462,340

 May 307,487 547,835

 June 418,317 646,085

 July 276,161 496,943

-176,181

240,348

227,768

220,782

 August 283,130 193,875

 September 467,474 638,189

-89,256

170,715

 Year-to-Date 4,439,285 6,134,525 1,695,240

FY 2024

 October 403,434 469,997 66,564

 November 274,830 588,842 314,012

 December 429,311 558,665 129,354

 January 477,320 499,250 21,930

 February 271,126 567,401 296,275

 March 332,091 568,548 236,457

 Year-to-Date 2,188,111 3,252,702 1,064,591

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

(2023)

Budget

Estimates

Next Fiscal

Year (2025) 1

Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, March 2024 and Other Periods

[$ millions]

Total On-Budget and Off-Budget Results:

 Total Receipts 332,091 2,188,111 5,081,546 2,048,196 5,484,948

 On-Budget Receipts 224,162 1,593,774 3,841,506 1,488,491 4,200,568

 Off-Budget Receipts 107,929 594,337 1,240,040 559,705 1,284,380

 Total Outlays 568,548 3,252,702 6,940,904 3,149,258 7,265,963

 On-Budget Outlays 447,016 2,607,476 5,629,034 2,563,248 5,869,973

 Off-Budget Outlays 121,532 645,227 1,311,870 586,010 1,395,990

 Total Surplus (+) or Deficit (-) -236,457 -1,064,591 -1,859,358 -1,101,062 -1,781,015

 On-Budget Surplus (+) or Deficit (-) -222,854 -1,013,702 -1,787,528 -1,074,757 -1,669,405

 Off-Budget Surplus (+) or Deficit (-) -13,603 -50,890 -71,830 -26,306 -111,610

 Total On-Budget and Off-Budget Financing 236,457 1,064,591 1,859,358 1,101,062 1,781,015

Means of Financing:

 Borrowing from the Public 134,803 1,162,235 1,920,583 371,681 1,827,588

 Reduction of Operating Cash, Increase (-) 61,831 458,301 ......

 By Other Means 39,823

-118,379

20,735

-143,111

81,886 271,080 -46,573

1 These estimates are based on the FY 2025 Budget, released by the Office of

Management and Budget on March 11, 2024.

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

... No Transactions
Receipts Outlays Deficit(-)/Surplus

2023 2024

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

($1,000B)

($600B)

($200B)

$200B

$600B

$1,000B

($600B)

($400B)

($200B)

$0B

$200B

2023 2024

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

$1,000B

$2,000B

$3,000B

$4,000B

$5,000B

($7,000B)

($5,000B)

($3,000B)

($1,000B)

($1,000B)

$0B

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

Fiscal Years 2023 and 2024

Receipts Outlays Deficit(-)/Surplus

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

2023 and 2024

$0B

6 Source data: Table 1
$13B$53B

$42B

$189B

$1,089B

$802B

Fiscal Year 2024 to Date: $2,188B

2023 2024

Oct

NovDec

Jan

Feb

Mar

Apr

May

Jun

Jul

AugSep

Oct

NovDec

Jan

Feb

Mar

$50B

$100B

$150B

$200B

$250B

$300B

$350B

$400B

$450B

$500B

$550B

$600B

$650B

Receipt Amount

$2B$8B$7B

$15B

$161B

$140B

Month of March 2024: $332B

Figure 5. Receipts of the U.S. Government, by Source, Fiscal Year 2024

Figure 6. Monthly Receipts of the U.S. Government, by Source, Fiscal Years 2023 and 2024

Miscellaneous Receipts

Other

Excise Taxes

Corporation Income Taxes

Individual Income Taxes

Social Insurance and Retirement Receipts

Miscellaneous Receipts

Other

Excise Taxes

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

7

Source data: Table 9
$122B

$66B

$82B

$79B

$70B

$79B

$69B

Month of March 2024: $569B

$715B

$391B

$356B

$449B

$433B

$429B

$480B

Fiscal Year 2024 to Date: $3,253B

2023 2024

Oct

NovDec

Jan

Feb

Mar

Apr

May

Jun

Jul

AugSep

Oct

NovDec

Jan

Feb

Mar

($200B)

($100B)

$0B

$100B

$200B

$300B

$400B

$500B

$600B

$700B

$800B

$900B

$1,000B

Outlay Amount

Figure 7. Outlays of the U.S. Government, by Source, Fiscal Year 2024

Social Security

Medicare

Income Security

Health

National Defense

Net Interest

Other

Figure 8. Monthly Outlays of the U.S. Government, by Source, Fiscal Years 2023 and 2024

Social Security

Medicare

Income Security

Health

National Defense

Net Interest

Other

"Other" Includes: Administration of Justice, Agriculture, 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

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

8

Source data: Table 9
Classification This

Month

Current

Fiscal Year

to Date

Comparable

Prior Period

Year to Date

Budget

Estimates

Full Fiscal

Year 1

Table 3. Summary of Receipts and Outlays of the U.S. Government, March 2024 and Other Periods

[$ millions]

Budget Receipts

 Individual Income Taxes 160,829 1,089,302 1,029,384 2,503,366

 Corporation Income Taxes 14,812 189,277 139,994 612,781

 Social Insurance and Retirement Receipts:

 Employment and General Retirement (Off-Budget) 107,929 594,337 559,705 1,240,040

 Employment and General Retirement (On-Budget) 30,476 190,411 180,165 418,808

 Unemployment Insurance 346 13,899 16,415 54,076

 Other Retirement 789 3,816 3,343 7,619

 Excise Taxes 6,831 42,038 40,115 99,715

 Estate and Gift Taxes 1,761 14,820 21,073 29,035

 Customs Duties 6,064 37,693 41,225 81,384

 Miscellaneous Receipts 2,253 12,519 16,777 34,722

 Total Receipts 332,091 2,188,111 2,048,196 5,081,546

 (On-Budget) 224,162 1,593,774 1,488,491 3,841,506

 (Off-Budget) 107,929 594,337 559,705 1,240,040

Budget Outlays

 Legislative Branch 527 3,333 3,338 7,557

 Judicial Branch 894 4,652 4,481 9,615

 Department of Agriculture 15,371 112,394 132,401 254,782

 Department of Commerce 1,299 6,474 5,751 20,509

 Department of Defense--Military Programs 66,268 410,381 386,255 844,876

 Department of Education 9,840 80,843 124,164 250,734

 Department of Energy 4,089 23,969 15,245 58,347

 Department of Health and Human Services 144,379 811,469 843,257 1,669,353

 Department of Homeland Security 7,855 43,636 44,883 134,215

 Department of Housing and Urban Development 8,622 35,621 29,173 56,348

 Department of the Interior 1,049 8,288 7,239 23,096

 Department of Justice 2,824 20,680 20,475 51,606

 Department of Labor 10,058 29,237 59,333 84,355

 Department of State 2,721 16,914 14,445 37,296

 Department of Transportation 7,600 50,154 47,927 121,074

 Department of the Treasury:

 Interest on Treasury Debt Securities (Gross) 88,654 522,023 384,227 1,143,615

 Other 33,470 130,991 156,586 202,028

 Department of Veterans Affairs 29,164 151,240 144,785 345,979

 Corps of Engineers 807 5,518 4,582

 Other Defense Civil Programs 5,901 31,940 35,838 66,985

 Environmental Protection Agency 1,071 6,210 4,772 8,204

 Executive Office of the President 59 296 257 728

 General Services Administration 193 -237 -186 58

 International Assistance Programs 1,452 13,349 19,646 46,532

 National Aeronautics and Space Administration 2,075 12,391 12,449 24,896

 National Science Foundation 693 4,164 3,935 10,360

 Office of Personnel Management 9,555 62,457 60,181 127,905

 Small Business Administration 228 960 1,141 33,188

 Social Security Administration 127,753 741,497 685,876 1,517,192

 Independent Agencies 1,140 79,537 48,126 105,003

 Allowances ...... ...... ...... -27,640

 Undistributed Offsetting Receipts:

 Interest -7,134 -81,667 -76,381 -184,172

 Other -9,930 -86,009 -74,942 -144,854

 Total Outlays 568,548 3,252,702 3,149,258 6,940,904

 (On-Budget) 447,016 2,607,476 2,563,248 5,629,034

 (Off-Budget) 121,532 645,227 586,010 1,311,870

 Surplus (+) or Deficit (-) -236,457 -1,064,591 -1,101,062 -1,859,358

 (On-Budget) -222,854 -1,013,702 -1,074,757 -1,787,528

 (Off-Budget) -13,603 -50,890 -26,306 -71,830

1 These estimates are based on the FY 2025 Budget, released by the Office of Note: Details may not add to totals due to rounding.

Management and Budget on March 11, 2024. ... No Transactions

9
This Month

Receipts Gross

Receipts

Refunds

(Deduct) Receipts

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Receipts

Refunds

(Deduct) Receipts GrossReceipts

Refunds

(Deduct)

Table 4. Receipts of the U.S. Government, March 2024 and Other Periods

[$ millions]

Individual Income Taxes

 Withheld 1194,733 966,736 955,355

 Presidential Election Campaign Fund 4 9 10

 Other 127,395 289,260 266,442

 Total -- Individual Income Taxes 222,131 61,302 160,829 1,256,004 166,702 1,089,302 1,221,807 192,423 1,029,384

Corporation Income Taxes 17,930 3,118 14,812 210,187 20,910 189,277 159,037 19,043 139,994

Social Insurance and Retirement Receipts:

 Employment and General Retirement:

 Federal Old-Age and Survivors Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 190,798 ...... 90,798 488,642 ...... 488,642 459,395 ...... 459,395

 Self-Employment Contributions Act Taxes 11,457 ...... 1,457 12,247 ...... 12,247 10,783 ...... 10,783

 Adjustments Attributable to Prior Years-FICA 117 ...... 17 4,332 ...... 4,332 10,214 ...... 10,214

 Adjustments Attrbutable to Prior Years-SECA 1-10 ...... -10 2,830 ...... 2,830 -1,948 ...... -1,948

 Total -- Federal Old-Age and Survivors Insurance Trust Fund 92,262 ...... 92,262 508,051 ...... 508,051 478,443 ...... 478,443

 Federal Disability Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 115,418 ...... 15,418 82,977 ...... 82,977 78,011 ...... 78,011

 Self-Employment Contributions Act Taxes 1247 ...... 247 2,079 ...... 2,079 1,831 ...... 1,831

 Adjustments Attributable to Prior Years-FICA 13 ...... 3 741 ...... 741 1,731 ...... 1,731

 Adjustments Attributable to Prior Years-SECA 1-2 ...... -2 490 ...... 490 -312 ...... -312

 Total -- Federal Disability Insurance Trust Fund 15,666 ...... 15,666 86,286 ...... 86,286 81,261 ...... 81,261

 Federal Hospital Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 128,834 ...... 28,834 176,451 ...... 176,451 169,088 ...... 169,088

 Self-Employment Contributions Act Taxes 11,047 ...... 1,047 6,021 ...... 6,021 5,044 ...... 5,044

 Adjustments Attributable to Prior Years-FICA 12 ...... 2 1,870 ...... 1,870 2,515 ...... 2,515

 Adjustments Attributable to Prior Years-SECA 1-3 ...... -3 2,690 ...... 2,690 -373 ...... -373

 Total -- Federal Hospital Insurance Trust Fund 29,879 ...... 29,879 187,032 ...... 187,032 176,273 ...... 176,273

 Railroad Retirement:

 Rail Pension and Supplemental Annuity 315 (**) 315 1,764 3 1,762 1,911 -5 1,916

 Social Security Equivalent Account 283 (**) 283 1,619 3 1,617 1,966 -9 1,975

 Total -- Employment and General Retirement 138,405 (**) 138,405 784,753 5 784,748 739,855 -15 739,870

 Unemployment Insurance:

 Deposits by States 307 ...... 307 10,670 ...... 10,670 13,337 ...... 13,337

 Federal Unemployment Taxes 55 17 39 3,116 28 3,088 2,936 48 2,888

 Railroad Unemployment Taxes (**) ...... (**) 141 ...... 141 190 ...... 190

 Total -- Unemployment Insurance 363 17 346 13,927 28 13,899 16,463 48 16,415

 Other Retirement:

 Federal Employees' Retirement--Employee Share 788 ...... 788 3,806 ...... 3,806 3,332 ...... 3,332

 Non-Federal Employees Retirement 1 ...... 1 10 ...... 10 11 ...... 11

 Total -- Other Retirement 789 ...... 789 3,816 ...... 3,816 3,343 ...... 3,343

 Total -- Social Insurance and Retirement Receipts 139,557 17 139,540 802,496 33 802,463 759,661 33 759,628

Excise Taxes:

 Miscellaneous Excise Taxes 2,341 604 1,737 16,904 2,968 13,936 15,493 3,439 12,053

 Airport and Airway Trust Fund 1,324 ...... 1,324 8,409 ...... 8,409 10,994 11 10,984

 Highway Trust Fund 3,771 31 3,740 19,715 166 19,549 17,122 167 16,955

 Black Lung Disability Trust Fund 29 ...... 29 144 ...... 144 123 ...... 123

 Total -- Excise Taxes 7,466 635 6,831 45,172 3,135 42,038 43,732 3,617 40,115

Estate and Gift Taxes 1,899 138 1,761 15,510 691 14,820 22,133 1,060 21,073

Customs Duties 6,643 578 6,064 40,786 3,093 37,693 44,830 3,604 41,225

Miscellaneous Receipts:

 Deposit of Earnings, Federal Reserve System 150 ...... 150 815 ...... 815 526 ...... 526

 Universal Service Fund 714 ...... 714 4,178 ...... 4,178 3,954 ...... 3,954

 All Other 1,391 1 1,389 7,536 10 7,526 12,304 7 12,297

 Total -- Miscellaneous Receipts 2,255 1 2,253 12,529 10 12,519 16,785 7 16,777

Total -- Receipts 397,881 65,790 332,091 2,382,685 194,574 2,188,111 2,267,984 219,788 2,048,196

 Total -- On-Budget 289,952 65,790 224,162 1,788,348 194,574 1,593,774 1,708,280 219,788 1,488,491

 Total -- Off-Budget 107,929 ...... 107,929 594,337 ...... 594,337 559,705 ...... 559,705

1 In accordance with the Social Security Act as amended: Individual Income Taxes, calendar year 2021 and prior.

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

increased by $21.8 million to correct estimates for the calendar year 2022. ... No Transactions

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

Contribution Act Taxes decreased by $14.8 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, March 2024 and Other Periods

[$ millions]

Legislative Branch:

 Senate 99 (**) 99 603 2 601 573 1 572

 House of Representatives 159 (**) 159 1,012 2 1,010 951 2 949

 Joint Items 1 ...... 1 9 ...... 9 11 ...... 11

 Capitol Police 53 ...... 53 344 ...... 344 310 ...... 310

 Congressional Budget Office 5 ...... 5 31 ...... 31 31 ...... 31

 Architect of the Capitol 81 1 80 405 3 401 616 2 613

 Library of Congress 79 2 77 433 5 428 394 5 390

 Government Publishing Office -10 ...... -10 55 ...... 55 39 ...... 39

 Government Accountability Office 62 ...... 62 408 ...... 408 386 ...... 386

 United States Tax Court 6 ...... 6 29 ...... 29 29 ...... 29

 Other Legislative Branch Agencies 10 ...... 10 46 ...... 46 34 ...... 34

 Proprietary Receipts from the Public ...... 12 -12 ...... 24 -24 ...... 21 -21

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

 Total--Legislative Branch 542 15 527 3,369 36 3,333 3,369 31 3,338

Judicial Branch:

 Supreme Court of the United States 14 ...... 14 69 ...... 69 62 ...... 62

 Courts of Appeals, District Courts, and Other Judicial

 Services 885 ...... 885 4,423 ...... 4,423 4,915 ...... 4,915

 Other 190 ...... 190 484 ...... 484 464 ...... 464

 Proprietary Receipts from the Public ...... 4 -4 ...... 70 -70 ...... 76 -76

 Intrabudgetary Transactions -190 ...... -190 -254 ...... -254 -885 ...... -885

 Total--Judicial Branch 898 4 894 4,722 70 4,652 4,557 76 4,481

Department of Agriculture:

 Agricultural Research Service 144 ...... 144 924 ...... 924 837 ...... 837

 National Institute of Food and Agriculture:

 Research and Education Activities 100 ...... 100 488 ...... 488 421 ...... 421

 Extension Activities 58 ...... 58 297 ...... 297 277 ...... 277

 Other 13 ...... 13 78 ...... 78 74 ...... 74

 Animal and Plant Health Inspection Service 206 ...... 206 1,171 ...... 1,171 952 ...... 952

 Food Safety and Inspection Service 89 ...... 89 582 ...... 582 572 ...... 572

 Agricultural Marketing Service 257 ...... 257 1,662 ...... 1,662 1,067 ...... 1,067

 Risk Management Agency:

 Administrative and Operating Expenses 6 ...... 6 36 ...... 36 34 ...... 34

 Federal Crop Insurance Corporation Fund 1,144 239 905 15,476 5,750 9,726 16,701 5,309 11,392

 Farm Service Agency:

 Salaries and Expenses 122 ...... 122 596 ...... 596 385 ...... 385

 USDA Supplemental Assistance 3 ...... 3 3 ...... 3 (**) ...... (**)

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

 Commodity Credit Corporation 365 609 -245 9,601 2,319 7,282 9,492 2,237 7,256

 Tobacco Trust Fund (**) ...... (**) (**) ...... (**) 9 ...... 9

 Agricultural Credit Insurance Fund 42 -1 43 858 17 841 1,319 113 1,206

 Other 12 ...... 12 76 ...... 76 64 ...... 64

 Total--Farm Service Agency 544 608 -64 11,135 2,335 8,799 11,269 2,350 8,919

 Natural Resources Conservation Service:

 Conservation Operations 86 ...... 86 527 ...... 527 388 ...... 388

 Farm Security and Rural Investment Programs 261 ...... 261 2,096 ...... 2,096 1,899 ...... 1,899

 Other 31 ...... 31 190 ...... 190 171 ...... 171

 Rural Development 23 ...... 23 121 ...... 121 -91 ...... -91

 Rural Housing Service:

 Rural Housing Insurance Fund 50 33 17 273 205 68 445 196 249

 Rental Assistance Program 139 ...... 139 763 ...... 763 693 ...... 693

 Other 27 ...... 27 180 ...... 180 150 ...... 150

 Rural Utilities Service:

 Rural Electrification and Telecommunications Fund 8 (**) 8 65 148 -83 283 30 253

 Other 66 2 64 481 11 471 410 12 398

 Foreign Agricultural Service 83 ...... 83 964 ...... 964 1,117 ...... 1,117

 Food and Nutrition Service:

 Supplemental Nutrition Assistance Program 8,467 ...... 8,467 53,486 ...... 53,486 77,352 ...... 77,352

 Child Nutrition Programs 2,875 ...... 2,875 17,176 ...... 17,176 16,543 ...... 16,543

 Special Supplemental Nutrition Program for Women,

 Infants, and Children (WIC) 612 ...... 612 3,523 ...... 3,523 3,341 ...... 3,341

 Other 61 ...... 61 333 ...... 333 354 ...... 354

 Total--Food and Nutrition Service 12,015 ...... 12,015 74,517 ...... 74,517 97,590 ...... 97,590

11
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

Department of Agriculture: - Continued

 Forest Service:

 National Forest System 207 ...... 207 1,315 ...... 1,315 1,082 ...... 1,082

 Capital Improvement and Maintenance 14 ...... 14 117 ...... 117 90 ...... 90

 Wildland Fire Management 209 ...... 209 1,778 ...... 1,778 1,587 ...... 1,587

 Forest Service Permanent Appropriations 17 ...... 17 107 ...... 107 82 ...... 82

 Other 179 ...... 179 1,187 ...... 1,187 950 ...... 950

 Total--Forest Service 625 ...... 625 4,503 ...... 4,503 3,790 ...... 3,790

 Other 360 3 356 5,130 43 5,087 2,067 43 2,023

 Proprietary Receipts from the Public (**) 116 -116 (**) 753 -753 ...... 848 -848

 Intrabudgetary Transactions 40 ...... 40 -19 ...... -19 72 ...... 72

 Total--Department of Agriculture 16,374 1,002 15,371 121,640 9,245 112,394 141,189 8,788 132,401

Department of Commerce:

 Economic Development Administration 92 ...... 92 483 ...... 483 413 ...... 413

 Bureau of the Census 116 ...... 116 696 ...... 696 799 ...... 799

 International Trade Administration 51 ...... 51 287 ...... 287 225 ...... 225

 National Oceanic and Atmospheric Administration 698 2 696 3,273 10 3,263 3,163 11 3,152

 National Institute of Standards and Technology 135 ...... 135 752 ...... 752 687 ...... 687

 National Telecommunications and Information Administration 98 (**) 98 795 283 512 237 (**) 237

 Other 37 13 24 396 38 359 280 35 245

 Proprietary Receipts from the Public ...... -88 88 ...... -125 125 ...... 9 -9

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

 Offsetting Governmental Receipts ...... (**) (**) ...... 1 -1 ...... 2 -2

 Total--Department of Commerce 1,226 -73 1,299 6,680 206 6,474 5,809 58 5,751

Department of Defense--Military Programs:

 Military Personnel:

 Department of the Army 4,800 ...... 4,800 34,449 ...... 34,449 34,595 ...... 34,595

 Department of the Navy 4,409 ...... 4,409 28,879 ...... 28,879 30,321 ...... 30,321

 Department of the Air Force 3,863 ...... 3,863 22,290 ...... 22,290 23,683 ...... 23,683

 Defense Agencies ...... ...... ...... 19,874 ...... 19,874 10,612 ...... 10,612

 Total--Military Personnel 13,071 ...... 13,071 105,493 ...... 105,493 99,211 ...... 99,211

 Operation and Maintenance:

 Department of the Army 6,109 ...... 6,109 35,660 ...... 35,660 34,226 ...... 34,226

 Department of the Navy 7,620 ...... 7,620 38,669 ...... 38,669 36,267 ...... 36,267

 Department of the Air Force 7,098 ...... 7,098 36,986 ...... 36,986 34,382 ...... 34,382

 Defense Agencies 8,752 ...... 8,752 46,086 ...... 46,086 46,333 4 46,330

 Total--Operation and Maintenance 29,579 ...... 29,579 157,400 ...... 157,400 151,209 4 151,205

 International Reconstruction and Other Assistance:

 Department of the Army ...... ...... ...... 2 ...... 2 ...... ...... ......

 Procurement:

 Department of the Army 2,175 ...... 2,175 12,629 ...... 12,629 12,121 ...... 12,121

 Department of the Navy 5,564 ...... 5,564 31,650 ...... 31,650 30,108 ...... 30,108

 Department of the Air Force 3,543 ...... 3,543 27,599 ...... 27,599 23,231 ...... 23,231

 Defense Agencies 778 ...... 778 4,433 ...... 4,433 3,683 ...... 3,683

 Total--Procurement 12,060 ...... 12,060 76,311 ...... 76,311 69,143 ...... 69,143

 Research, Development, Test, and Evaluation:

 Department of the Army -1,004 ...... -1,004 6,452 ...... 6,452 6,250 ...... 6,250

 Department of the Navy 2,149 ...... 2,149 12,192 ...... 12,192 11,126 ...... 11,126

 Department of the Air Force 5,438 ...... 5,438 27,964 ...... 27,964 26,247 ...... 26,247

 Defense Agencies 3,120 ...... 3,120 16,443 ...... 16,443 14,772 ...... 14,772

 Total--Research, Development, Test, and Evaluation 9,702 ...... 9,702 63,051 ...... 63,051 58,395 ...... 58,395

 Military Construction:

 Department of the Army 169 ...... 169 1,036 ...... 1,036 1,004 ...... 1,004

 Department of the Navy 302 ...... 302 2,009 ...... 2,009 1,876 ...... 1,876

 Department of the Air Force 282 ...... 282 1,590 ...... 1,590 1,168 ...... 1,168

 Defense Agencies 235 ...... 235 1,375 ...... 1,375 1,249 ...... 1,249

 Total--Military Construction 988 ...... 988 6,011 ...... 6,011 5,297 ...... 5,297

 Family Housing:

 Department of the Army 51 ...... 51 259 ...... 259 218 ...... 218

 Department of the Navy 35 ...... 35 174 ...... 174 201 ...... 201

 Department of the Air Force 26 ...... 26 188 ...... 188 237 ...... 237

 Defense Agencies 4 ...... 4 25 ...... 25 20 ...... 20

 Revolving and Management Funds:

12
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

Department of Defense--Military Programs: - Continued

 Department of the Navy (**) ...... (**) 7 ...... 7 13 ...... 13

 Defense Agencies:

 Working Capital Fund 904 ...... 904 2,297 ...... 2,297 2,433 ...... 2,433

 Other 72 ...... 72 96 ...... 96 65 ...... 65

 Trust Funds:

 Department of the Army 1 ...... 1 9 ...... 9 8 ...... 8

 Department of the Navy 2 ...... 2 10 ...... 10 14 ...... 14

 Department of the Air Force (**) ...... (**) 2 ...... 2 4 ...... 4

 Defense Agencies 50 ...... 50 217 ...... 217 207 ...... 207

 Proprietary Receipts from the Public:

 Department of the Army ...... 19 -19 ...... 107 -107 ...... -81 81

 Department of the Navy ...... -19 19 ...... 103 -103 ...... 54 -54

 Department of the Air Force ...... 13 -13 ...... 87 -87 ...... 71 -71

 Defense Agencies ...... 370 -370 ...... 917 -917 ...... 518 -518

 Intrabudgetary Transactions:

 Department of the Army -16 ...... -16 -83 ...... -83 -23 ...... -23

 Department of the Navy -19 ...... -19 -36 ...... -36 -39 ...... -39

 Department of the Air Force 163 ...... 163 170 ...... 170 228 ...... 228

 Defense Agencies -20 ...... -20 -9 ...... -9 -19 ...... -19

 Offsetting Governmental Receipts:

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

 Defense Agencies ...... ...... ...... ...... ...... ...... ...... 1 -1

 Total--Department of Defense--Military Programs 66,651 384 66,268 411,595 1,214 410,381 386,823 567 386,255

Department of Education:

 Office of Elementary and Secondary Education:

 Accelerating Achievement and Ensuring Equity 1,378 ...... 1,378 8,851 ...... 8,851 8,982 ...... 8,982

 Impact Aid 88 ...... 88 1,023 ...... 1,023 1,182 ...... 1,182

 Education Improvement Programs 451 ...... 451 2,936 ...... 2,936 2,788 ...... 2,788

 Other 3,200 ...... 3,200 28,637 ...... 28,637 33,677 ...... 33,677

 Total--Office of Elementary and Secondary Education 5,117 ...... 5,117 41,447 ...... 41,447 46,629 ...... 46,629

 Office of Innovation and Improvement 84 ...... 84 574 ...... 574 451 ...... 451

 Office of English Language Acquisition 58 ...... 58 412 ...... 412 447 ...... 447

 Office of Special Education and Rehabilitative Services:

 Special Education 1,301 ...... 1,301 8,290 ...... 8,290 7,637 ...... 7,637

 Rehabilitation Services and Disability Research 341 ...... 341 2,019 ...... 2,019 1,725 ...... 1,725

 Special Institutions for Persons with Disabilities 16 ...... 16 140 ...... 140 152 ...... 152

 Office of Vocational and Adult Education 165 ...... 165 1,099 ...... 1,099 988 ...... 988

 Office of Postsecondary Education:

 Higher Education 239 ...... 239 1,466 ...... 1,466 1,359 ...... 1,359

 Other (**) (**) (**) 86 (**) 86 144 (**) 144

 Total--Office of Postsecondary Education 239 (**) 239 1,551 (**) 1,551 1,503 (**) 1,503

 Office of Federal Student Aid:

 Student Financial Assistance 2,094 ...... 2,094 17,582 ...... 17,582 15,608 ...... 15,608

 Student Aid Administration 229 ...... 229 1,077 ...... 1,077 1,049 ...... 1,049

 Federal Direct Student Loans ...... ...... ...... 6,595 ...... 6,595 46,377 ...... 46,377

 Federal Family Education Loans -2 ...... -2 -13 ...... -13 2,639 ...... 2,639

 Other 7 (**) 6 24 2 22 26 1 25

 Total--Office of Federal Student Aid 2,328 (**) 2,328 25,266 2 25,264 65,699 1 65,698

 Institute of Education Sciences 64 ...... 64 363 ...... 363 332 ...... 332

 Departmental Management 57 ...... 57 331 ...... 331 330 ...... 330

 Other 3 ...... 3 17 ...... 17 23 ...... 23

 Proprietary Receipts from the Public ...... -62 62 ...... 612 -612 ...... 1,761 -1,761

 Intrabudgetary Transactions 5 ...... 5 -51 ...... -51 10 ...... 10

 Total--Department of Education 9,778 -62 9,840 81,457 614 80,843 125,926 1,762 124,164

Department of Energy:

 National Nuclear Security Administration:

 Naval Reactors 150 ...... 150 883 ...... 883 719 ...... 719

 Weapons Activities 1,453 ...... 1,453 8,671 ...... 8,671 8,245 ...... 8,245

 Defense Nuclear Nonproliferation 244 ...... 244 1,318 ...... 1,318 1,158 ...... 1,158

 Other 37 ...... 37 236 ...... 236 242 ...... 242

 Environmental and Other Defense Activities:

 Defense Environmental Cleanup 585 ...... 585 3,442 ...... 3,442 3,293 ...... 3,293

13
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

Department of Energy: - Continued

 Other Defense Activities 99 ...... 99 503 ...... 503 503 ...... 503

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

 Energy Programs:

 Science 613 ...... 613 3,961 ...... 3,961 3,824 ...... 3,824

 Energy Supply 178 ...... 178 1,166 ...... 1,166 1,147 ...... 1,147

 Energy Efficiency and Renewable Energy 287 ...... 287 1,690 ...... 1,690 1,294 ...... 1,294

 Fossil Energy Research and Development 93 ...... 93 436 ...... 436 371 ...... 371

 Uranium Enrichment Decontamination and Decommissioning

 Fund 69 ...... 69 405 ...... 405 474 ...... 474

 Advanced Technology Vehicles Manufacturing Loan Program 2 ...... 2 52 ...... 52 39 ...... 39

 Title 17 Innovative Technology Loan Guarantee Program 11 ...... 11 47 ...... 47 23 ...... 23

 Other 399 31 368 1,565 188 1,377 -5,134 132 -5,267

 Total--Energy Programs 1,651 31 1,620 9,323 188 9,134 2,036 132 1,904

 Power Marketing Administration 474 396 78 3,245 2,286 959 2,696 2,476 220

 Departmental Administration 52 ...... 52 276 ...... 276 222 ...... 222

 Proprietary Receipts from the Public ...... 104 -104 ...... 588 -588 ...... 441 -441

 Intrabudgetary Transactions -124 ...... -124 -864 ...... -864 -819 ...... -819

 Total--Department of Energy 4,620 531 4,089 27,031 3,062 23,969 18,294 3,049 15,245

Department of Health and Human Services:

 Food and Drug Administration 603 (**) 603 1,860 3 1,856 1,024 4 1,020

 Health Resources and Services Administration 1,332 ...... 1,332 7,259 ...... 7,259 8,256 ...... 8,256

 Indian Health Service 436 ...... 436 5,773 ...... 5,773 4,987 ...... 4,987

 Centers for Disease Control and Prevention 1,119 ...... 1,119 5,896 ...... 5,896 5,833 ...... 5,833

 National Institutes of Health 4,065 ...... 4,065 22,843 ...... 22,843 22,527 ...... 22,527

 Substance Abuse and Mental Health Services Administration 798 ...... 798 4,523 ...... 4,523 3,916 ...... 3,916

 Agency for Healthcare Research and Quality 29 ...... 29 175 ...... 175 168 ...... 168

 Centers for Medicare and Medicaid Services:

 Grants to States for Medicaid 56,439 ...... 56,439 304,445 ...... 304,445 309,767 ...... 309,767

 Payments to Health Care Trust Funds 39,649 ...... 39,649 238,727 ...... 238,727 230,774 ...... 230,774

 Children's Health Insurance Fund 2,204 ...... 2,204 9,729 ...... 9,729 8,699 ...... 8,699

 State Grants and Demonstrations 73 ...... 73 289 ...... 289 229 ...... 229

 Federal Hospital Insurance Trust Fund:

 Benefit Payments 30,224 ...... 30,224 188,270 ...... 188,270 196,809 ...... 196,809

 Administrative Expenses 393 ...... 393 2,011 ...... 2,011 1,909 ...... 1,909

 Total--Federal Hospital Insurance Trust Fund 30,617 ...... 30,617 190,281 ...... 190,281 198,719 ...... 198,719

 Health Care Fraud and Abuse Control 191 ...... 191 1,210 ...... 1,210 1,077 ...... 1,077

 Federal Supplementary Medical Insurance Trust Fund:

 Benefit Payments 44,986 ...... 44,986 235,831 ...... 235,831 235,472 ...... 235,472

 Administrative Expenses 432 ...... 432 2,323 ...... 2,323 2,084 ...... 2,084

 Medicare Prescription Drugs:

 Benefit Payments 7,106 ...... 7,106 48,399 ...... 48,399 58,819 ...... 58,819

 Total--Federal Supplementary Medical Insurance Trust

 Fund 52,524 ...... 52,524 286,553 ...... 286,553 296,375 ...... 296,375

 Other 285 ...... 285 6,908 ...... 6,908 6,300 ...... 6,300

 Total--Centers for Medicare and Medicaid Services 181,981 ...... 181,981 1,038,141 ...... 1,038,141 1,051,939 ...... 1,051,939

 Administration for Children and Families:

 Temporary Assistance for Needy Families 1,418 ...... 1,418 8,956 ...... 8,956 8,433 ...... 8,433

 Contingency Fund 77 ...... 77 205 ...... 205 280 ...... 280

 Payments to States for Child Support Enforcement and

 Family Support Programs 325 ...... 325 2,203 ...... 2,203 1,953 ...... 1,953

 Low Income Home Energy Assistance 462 ...... 462 2,985 ...... 2,985 3,317 ...... 3,317

 Refugee and Entrant Assistance 840 ...... 840 3,519 ...... 3,519 3,797 ...... 3,797

 Child Care Entitlement to States 293 ...... 293 1,663 ...... 1,663 1,604 ...... 1,604

 Payments to States for the Child Care and Development

 Block Grant 1,322 ...... 1,322 7,638 ...... 7,638 10,876 ...... 10,876

 Social Services Block Grant 121 ...... 121 781 ...... 781 795 ...... 795

 Children and Families Services Programs 1,252 ...... 1,252 7,310 ...... 7,310 7,334 ...... 7,334

 Payments to States for Foster Care and Adoption

 Assistance 890 ...... 890 4,896 ...... 4,896 4,787 ...... 4,787

 Other 45 ...... 45 272 ...... 272 273 ...... 273

 Total--Administration for Children and Families 7,045 ...... 7,045 40,428 ...... 40,428 43,450 ...... 43,450

 Administration for Community Living 216 ...... 216 1,377 ...... 1,377 1,442 ...... 1,442

14
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

Department of Health and Human Services: - Continued

 Departmental Management 3,477 ...... 3,477 10,035 ...... 10,035 22,704 ...... 22,704

 Other 185 ...... 185 741 ...... 741 611 ...... 611

 Proprietary Receipts from the Public ...... 17,075 -17,075 ...... 87,932 -87,932 ...... 91,608 -91,608

 Intrabudgetary Transactions:

 Payments for Health Insurance for the Aged:

 Federal Supplementary Medical Insurance Trust Fund -39,649 ...... -39,649 -230,553 ...... -230,553 -223,809 ...... -223,809

 Payments for Tax and Other Credits:

 Federal Hospital Insurance Trust Fund -1 ...... -1 -8,180 ...... -8,180 -6,969 ...... -6,969

 Other -183 ...... -183 -914 ...... -914 -1,210 ...... -1,210

 Total--Department of Health and Human Services 161,454 17,075 144,379 899,404 87,936 811,469 934,869 91,612 843,257

Department of Homeland Security:

 Departmental Management and Operations 222 ...... 222 1,222 ...... 1,222 1,122 ...... 1,122

 Citizenship and Immigration Services 430 ...... 430 2,744 ...... 2,744 2,436 ...... 2,436

 United States Secret Service 241 ...... 241 1,483 ...... 1,483 1,334 ...... 1,334

 Transportation Security Administration -198 ...... -198 3,890 ...... 3,890 3,997 ...... 3,997

 Immigration and Customs Enforcement 798 ...... 798 4,810 ...... 4,810 4,591 ...... 4,591

 U.S. Customs and Border Protection 1,716 4 1,712 10,777 22 10,756 9,616 19 9,597

 United States Coast Guard 1,266 ...... 1,266 6,384 ...... 6,384 5,132 ...... 5,132

 National Protection and Programs Directorate 249 ...... 249 1,460 ...... 1,460 1,286 ...... 1,286

 Federal Emergency Management Agency:

 Disaster Relief 3,179 ...... 3,179 16,106 ...... 16,106 16,454 ...... 16,454

 National Flood Insurance Fund 419 186 233 1,053 761 292 4,139 553 3,586

 Other 172 ...... 172 1,149 ...... 1,149 646 ...... 646

 Total--Federal Emergency Management Agency 3,771 186 3,585 18,308 761 17,546 21,239 553 20,686

 Science and Technology 71 ...... 71 434 ...... 434 391 ...... 391

 Domestic Nuclear Detection Office 42 ...... 42 204 ...... 204 214 ...... 214

 Other 56 ...... 56 348 ...... 348 276 ...... 276

 Proprietary Receipts from the Public ...... 300 -300 ...... 802 -802 ...... 349 -349

 Intrabudgetary Transactions -98 ...... -98 -126 ...... -126 978 ...... 978

 Offsetting Governmental Receipts ...... 220 -220 ...... 6,718 -6,718 ...... 6,808 -6,808

 Total--Department of Homeland Security 8,566 710 7,855 51,938 8,302 43,636 52,613 7,730 44,883

Department of Housing and Urban Development:

 Public and Indian Housing Programs:

 Tenant Based Rental Assistance 5,416 ...... 5,416 18,875 ...... 18,875 14,034 ...... 14,034

 Housing Certificate Fund (**) ...... (**) 54 ...... 54 3 ...... 3

 Public Housing Capital Fund 75 ...... 75 418 ...... 418 551 ...... 551

 Public Housing Operating Fund 619 ...... 619 3,581 ...... 3,581 3,418 ...... 3,418

 Revitalization of Severely Distressed Public Housing

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

 Native American Housing Block Grant 61 ...... 61 447 ...... 447 464 ...... 464

 Other 15 ...... 15 136 ...... 136 94 ...... 94

 Total--Public and Indian Housing Programs 6,185 ...... 6,185 23,512 ...... 23,512 18,563 ...... 18,563

 Community Planning and Development:

 Housing Opportunities for Persons with AIDS 46 ...... 46 227 ...... 227 170 ...... 170

 Community Development Fund 895 ...... 895 4,479 ...... 4,479 4,118 ...... 4,118

 Home Investment Partnership Program 132 ...... 132 667 ...... 667 466 ...... 466

 Neighborhood Stabilization Program (**) ...... (**) 1 ...... 1 2 ...... 2

 Homeless Assistance Grants 290 ...... 290 1,672 ...... 1,672 1,728 ...... 1,728

 Other 60 ...... 60 249 ...... 249 163 ...... 163

 Total--Community Planning and Development 1,423 ...... 1,423 7,295 ...... 7,295 6,647 ...... 6,647

 Housing Programs:

 Credit Accounts:

 FHA-Mutual Mortgage Insurance Fund, Program Account 17 ...... 17 72 ...... 72 80 ...... 80

 FHA-Mutual Mortgage Insurance Capital Reserve Account -534 ...... -534 -3,956 ...... -3,956 -4,176 ...... -4,176

 FHA-Mutual Mortgage and Cooperative Housing Insurance

 Fund, Liquidating Account (**) (**) (**) 1 2 (**) 1 2 -1

 FHA-General and Special Risk Fund, Liquidating Account 12 15 -3 38 61 -22 40 79 -40

 Housing for the Elderly or Handicapped Fund,

 Liquidating Account (**) 5 -5 1 37 -36 1 55 -54

 HUD Project-Based Rental Assistance 1,322 ...... 1,322 7,611 ...... 7,611 7,136 ...... 7,136

 Housing for the Elderly 68 ...... 68 450 ...... 450 457 ...... 457

 Housing for Persons with Disabilities 21 ...... 21 117 ...... 117 109 ...... 109

 Other Assisted Housing Programs 3 ...... 3 18 ...... 18 22 ...... 22

 Other 6 3 2 31 10 21 29 15 14

 Total--Housing Programs 916 24 892 4,383 109 4,274 3,698 151 3,547

15
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

Department of Housing and Urban Development: - Continued

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities -77 1 -78 -453 4 -457 -248 3 -251

 Management and Administration 166 ...... 166 1,106 ...... 1,106 1,036 ...... 1,036

 Other 42 ...... 42 186 ...... 186 171 ...... 171

 Proprietary Receipts from the Public:

 FHA-General and Special Risk Fund ...... 11 -11 ...... 90 -90 ...... 176 -176

 Other ...... -1 1 ...... 200 -200 ...... 356 -356

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

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

 Total--Department of Housing and Urban Development 8,658 36 8,622 36,031 410 35,621 29,865 692 29,173

Department of the Interior:

 Land and Minerals Management:

 Bureau of Land Management:

 Management of Lands and Resources 107 ...... 107 666 ...... 666 639 ...... 639

 Other 27 9 18 226 31 195 209 41 168

 Bureau of Ocean Energy Management 16 ...... 16 87 ...... 87 80 ...... 80

 Office of Surface Mining Reclamation and Enforcement 36 ...... 36 611 ...... 611 538 ...... 538

 Total--Land and Minerals Management 186 9 177 1,588 31 1,558 1,465 41 1,424

 Water and Science:

 Bureau of Reclamation:

 Water and Related Resources 121 ...... 121 1,090 ...... 1,090 778 ...... 778

 Other 33 17 16 249 128 122 313 134 178

 Central Utah Project 1 ...... 1 9 ...... 9 14 ...... 14

 United States Geological Survey 128 ...... 128 784 ...... 784 758 ...... 758

 Total--Water and Science 283 17 266 2,132 128 2,004 1,863 134 1,728

 Fish and Wildlife and Parks:

 United States Fish and Wildlife Service 281 ...... 281 1,835 ...... 1,835 1,770 ...... 1,770

 National Park Service 329 (**) 329 2,090 (**) 2,090 1,925 1 1,924

 Total--Fish and Wildlife and Parks 610 (**) 610 3,925 (**) 3,925 3,695 1 3,694

 Indian Affairs:

 Bureau of Indian Affairs and Bureau of Indian Education 224 (**) 224 1,568 (**) 1,568 1,356 (**) 1,356

 Total--Indian Affairs 224 (**) 224 1,568 (**) 1,568 1,356 (**) 1,356

 Departmental Offices:

 Mineral Leasing and Associated Payments 314 ...... 314 2,078 ...... 2,078 2,556 ...... 2,556

 Other 377 ...... 377 524 ...... 524 513 ...... 513

 Insular Affairs 38 ...... 38 169 ...... 169 199 ...... 199

 Office of the Special Trustee for American Indians 9 ...... 9 60 ...... 60 55 ...... 55

 Department-Wide Programs -164 ...... -164 1,348 ...... 1,348 1,183 ...... 1,183

 Total--Departmental Offices 576 ...... 576 4,179 ...... 4,179 4,507 ...... 4,507

 Other 118 ...... 118 860 ...... 860 1,005 ...... 1,005

 Proprietary Receipts from the Public ...... 843 -843 ...... 4,995 -4,995 ...... 6,023 -6,023

 Intrabudgetary Transactions -75 3 -78 -802 8 -810 -448 4 -451

 Total--Department of the Interior 1,922 873 1,049 13,450 5,162 8,288 13,442 6,203 7,239

Department of Justice:

 General Administration -53 ...... -53 790 ...... 790 808 ...... 808

 Legal Activities and U.S. Marshals:

 General Legal Activities 330 ...... 330 1,911 ...... 1,911 1,539 ...... 1,539

 United States Attorneys 263 ...... 263 1,188 ...... 1,188 1,191 ...... 1,191

 United States Marshals Service 146 ...... 146 868 ...... 868 776 ...... 776

 Assets Forfeiture Fund 96 ...... 96 706 ...... 706 697 ...... 697

 Other 245 ...... 245 1,315 ...... 1,315 1,435 ...... 1,435

 Federal Bureau of Investigation 949 ...... 949 5,585 ...... 5,585 5,184 ...... 5,184

 Drug Enforcement Administration 241 ...... 241 1,462 ...... 1,462 1,408 ...... 1,408

 Bureau of Alcohol, Tobacco, Firearms, and Explosives 124 ...... 124 812 ...... 812 762 ...... 762

 Federal Prison System 747 34 713 4,347 223 4,125 4,120 190 3,930

 Office of Justice Programs:

 State and Local Law Enforcement Assistance 92 ...... 92 1,024 ...... 1,024 1,123 ...... 1,123

 Community Oriented Policing Services 20 ...... 20 175 ...... 175 150 ...... 150

 Crime Victims Fund 127 ...... 127 1,029 ...... 1,029 1,166 ...... 1,166

 Other 121 ...... 121 725 ...... 725 409 ...... 409

 Other 49 ...... 49 393 ...... 393 392 ...... 392

 Proprietary Receipts from the Public ...... 16 -16 ...... 146 -146 ...... 84 -84

 Intrabudgetary Transactions -566 ...... -566 -878 ...... -878 -35 ...... -35

 Offsetting Governmental Receipts ...... 58 -58 ...... 405 -405 ...... 376 -376

 Total--Department of Justice 2,932 108 2,824 21,453 774 20,680 21,125 650 20,475

16
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

Department of Labor:

 Employment and Training Administration:

 Training and Employment Services 310 ...... 310 1,791 ...... 1,791 1,742 ...... 1,742

 Office of Job Corps 152 ...... 152 907 ...... 907 867 ...... 867

 Community Service Employment for Older Americans 33 ...... 33 191 ...... 191 189 ...... 189

 Federal Unemployment Benefits and Allowances 5 ...... 5 61 ...... 61 100 ...... 100

 Federal Additional Unemployment Compensation

 Program-Recovery Act 1 ...... 1 -230 ...... -230 145 ...... 145

 State Unemployment Insurance and Employment Service

 Operations 139 ...... 139 87 ...... 87 221 ...... 221

 Payments to the Unemployment Trust Fund ...... ...... ...... ...... ...... ...... 275 ...... 275

 Program Administration 9 ...... 9 62 ...... 62 48 ...... 48

 Unemployment Trust Fund:

 Federal-State Unemployment Insurance:

 State Unemployment Benefits 3,128 ...... 3,128 18,459 ...... 18,459 14,752 ...... 14,752

 State Administrative Expenses 324 ...... 324 1,967 ...... 1,967 2,041 ...... 2,041

 Federal Administrative Expenses 21 ...... 21 259 ...... 259 254 ...... 254

 Other (**) ...... (**) 37 ...... 37 78 ...... 78

 Total--Unemployment Trust Fund 3,473 ...... 3,473 20,722 ...... 20,722 17,125 ...... 17,125

 Other ...... ...... ...... (**) ...... (**) -11 ...... -11

 Total--Employment and Training Administration 4,122 ...... 4,122 23,592 ...... 23,592 20,702 ...... 20,702

 Pension Benefit Guaranty Corporation 584 -4,501 5,084 4,006 1,685 2,321 41,838 4,871 36,967

 Office of Workers' Compensation Programs:

 Special Benefits 334 ...... 334 343 ...... 343 -731 ...... -731

 Energy Employees Occupational Illness Compensation Fund 219 ...... 219 1,281 ...... 1,281 981 ...... 981

 Special Benefits for Disabled Coal Miners 3 ...... 3 21 ...... 21 22 ...... 22

 Black Lung Disability Trust Fund 13 ...... 13 96 ...... 96 95 ...... 95

 Other 32 ...... 32 171 ...... 171 178 ...... 178

 Wage and Hour Division 25 ...... 25 144 ...... 144 156 ...... 156

 Occupational Safety and Health Administration 65 ...... 65 328 ...... 328 318 ...... 318

 Mine Safety and Health Administration 34 ...... 34 174 ...... 174 186 ...... 186

 Bureau of Labor Statistics 54 ...... 54 317 ...... 317 293 ...... 293

 Departmental Management 50 ...... 50 394 ...... 394 392 ...... 392

 Other 37 ...... 37 185 ...... 185 184 ...... 184

 Proprietary Receipts from the Public ...... 9 -9 ...... 12 -12 ...... 3 -3

 Intrabudgetary Transactions -5 ...... -5 -119 ...... -119 -408 ...... -408

 Total--Department of Labor 5,566 -4,492 10,058 30,933 1,697 29,237 64,207 4,874 59,333

Department of State:

 Administration of Foreign Affairs:

 Diplomatic and Consular Programs 658 ...... 658 4,364 ...... 4,364 4,484 ...... 4,484

 Educational and Cultural Exchange Programs 65 ...... 65 365 ...... 365 393 ...... 393

 Embassy Security, Construction, and Maintenance 114 ...... 114 1,059 ...... 1,059 599 ...... 599

 Payment to Foreign Service Retirement and Disability

 Fund 6 ...... 6 76 ...... 76 159 ...... 159

 Foreign Service Retirement and Disability Fund 97 ...... 97 591 ...... 591 561 ...... 561

 Other 806 ...... 806 3,787 ...... 3,787 3,123 ...... 3,123

 Total--Administration of Foreign Affairs 1,746 ...... 1,746 10,240 ...... 10,240 9,320 ...... 9,320

 International Organizations and Conferences 90 ...... 90 1,188 ...... 1,188 1,516 ...... 1,516

 Global Health and Child Survival 1,118 ...... 1,118 5,035 ...... 5,035 3,709 ...... 3,709

 Migration and Refugee Assistance 216 ...... 216 2,129 ...... 2,129 1,514 ...... 1,514

 International Narcotics Control and Law Enforcement 127 ...... 127 806 ...... 806 615 ...... 615

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

 Other 75 ...... 75 438 ...... 438 409 ...... 409

 Proprietary Receipts from the Public ...... 571 -571 ...... 2,769 -2,769 ...... 2,579 -2,579

 Intrabudgetary Transactions -82 ...... -82 -152 ...... -152 -59 ...... -59

 Total--Department of State 3,292 571 2,721 19,683 2,769 16,914 17,024 2,579 14,445

Department of Transportation:

 Office of the Secretary 158 ...... 158 869 ...... 869 672 ...... 672

 Federal Aviation Administration:

 Operations -33 ...... -33 563 ...... 563 1,783 ...... 1,783

 Airport and Airway Trust Fund:

 Grants-In-Aid for Airports 226 ...... 226 2,147 ...... 2,147 2,292 ...... 2,292

17
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

Department of Transportation: - Continued

 Facilities and Equipment 265 ...... 265 1,462 ...... 1,462 1,482 ...... 1,482

 Research, Engineering, and Development 16 ...... 16 109 ...... 109 94 ...... 94

 Trust Fund Share of FAA Operations 1,044 ...... 1,044 5,473 ...... 5,473 4,100 ...... 4,100

 Total--Airport and Airway Trust Fund 1,550 ...... 1,550 9,191 ...... 9,191 7,968 ...... 7,968

 Other 188 (**) 188 1,484 38 1,446 2,046 22 2,024

 Total--Federal Aviation Administration 1,705 (**) 1,705 11,238 38 11,200 11,797 22 11,775

 Federal Highway Administration:

 Highway Trust Fund:

 Federal-Aid Highways 2,979 ...... 2,979 22,070 ...... 22,070 19,913 ...... 19,913

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

 Other Programs 620 ...... 620 3,392 ...... 3,392 2,440 ...... 2,440

 Total--Federal Highway Administration 3,599 ...... 3,599 25,463 ...... 25,463 22,357 ...... 22,357

 Federal Motor Carrier Safety Administration 71 ...... 71 414 ...... 414 422 ...... 422

 National Highway Traffic Safety Administration 88 ...... 88 686 ...... 686 637 ...... 637

 Federal Railroad Administration:

 Capital and Debt Service Grants to the National Railroad

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

 Other 108 ...... 108 1,148 ...... 1,148 1,235 ...... 1,235

 Total--Federal Railroad Administration 108 ...... 108 1,148 ...... 1,148 1,235 ...... 1,235

 Federal Transit Administration:

 Formula Grants ...... ...... ...... (**) ...... (**) (**) ...... (**)

 Capital Investment Grants 149 ...... 149 1,239 ...... 1,239 849 ...... 849

 Transit Formula Grants 957 ...... 957 5,169 ...... 5,169 4,297 ...... 4,297

 Other 667 ...... 667 3,347 ...... 3,347 5,664 ...... 5,664

 Total--Federal Transit Administration 1,774 ...... 1,774 9,756 ...... 9,756 10,810 ...... 10,810

 Maritime Administration 154 (**) 154 486 4 483 105 5 100

 Other 29 (**) 29 283 12 271 273 18 255

 Proprietary Receipts from the Public ...... 87 -87 ...... 136 -136 ...... 331 -331

 Intrabudgetary Transactions:

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

 Offsetting Governmental Receipts ...... (**) (**) ...... 1 -1 ...... 2 -2

 Total--Department of Transportation 7,687 87 7,600 50,344 191 50,154 48,305 378 47,927

Department of the Treasury:

 Departmental Offices:

 Exchange Stabilization Fund ...... 57 -57 112 701 -589 3 476 -473

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

 Troubled Asset Relief Program ...... ...... ...... ...... ...... ...... 113 ...... 113

 ESF - Economic Stabilization Program (**) ...... (**) 1 ...... 1 2 ...... 2

 Air Carrier Worker Support (**) ...... (**) 1 ...... 1 (**) ...... (**)

 Coronavirus Relief Fund 38 ...... 38 351 ...... 351 1,819 ...... 1,819

 Emergency Capital Investment Program 19 ...... 19 241 ...... 241 138 ...... 138

 Emergency Rental Assistance -17 ...... -17 -241 ...... -241 2,464 ...... 2,464

 Transportation Services 2 ...... 2 12 ...... 12 -22 ...... -22

 Other 147 ...... 147 1,408 ...... 1,408 2,748 ...... 2,748

 Bureau of the Fiscal Service:

 Payment to the Resolution Funding Corporation ...... ...... ...... 460 ...... 460 460 ...... 460

 Financial Agent Services 102 ...... 102 621 ...... 621 529 ...... 529

 Claims, Judgements, and Relief Acts 250 ...... 250 1,010 ...... 1,010 804 ...... 804

 Other 300 ...... 300 824 (**) 824 840 (**) 840

 Total--Bureau of the Fiscal Service 652 ...... 652 2,915 (**) 2,915 2,633 (**) 2,633

 Federal Financing Bank -34 ...... -34 -1,037 ...... -1,037 -952 ...... -952

 Alcohol and Tobacco Tax and Trade Bureau:

 Salaries and Expenses 12 ...... 12 72 ...... 72 67 ...... 67

 Internal Revenue Collections for Puerto Rico 29 ...... 29 183 ...... 183 179 ...... 179

 Bureau of Engraving and Printing (**) ...... (**) -14 ...... -14 -4 ...... -4

 United States Mint 262 196 66 1,835 1,848 -14 2,333 2,401 -68

 Internal Revenue Service:

 Taxpayer Services 308 ...... 308 1,947 ...... 1,947 1,896 ...... 1,896

 Enforcement 467 ...... 467 2,955 ...... 2,955 2,630 ...... 2,630

 Operations Support 438 ...... 438 2,980 ...... 2,980 2,539 ...... 2,539

 Build America Bond Payments, Recovery Act 291 ...... 291 960 ...... 960 1,298 ...... 1,298

 Refundable Premium Tax Credits and Cost Sharing

 Reductions 6,588 ...... 6,588 50,633 ...... 50,633 39,361 ...... 39,361

18
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

Department of the Treasury: - Continued

 Payment Where Earned Income Credit Exceeds Liability for

 Tax 17,328 ...... 17,328 47,605 ...... 47,605 44,316 ...... 44,316

 Payment Where Child Tax Credit Exceeds Liability for Tax 7,538 ...... 7,538 20,988 ...... 20,988 23,472 ...... 23,472

 Payment Where American Opportunity Tax Credit Exceeds

 Liability for Tax 790 ...... 790 1,591 ...... 1,591 1,768 ...... 1,768

 Refunding Internal Revenue Collections, Interest 585 ...... 585 2,666 ...... 2,666 3,808 ...... 3,808

 Other 684 ...... 684 2,189 1 2,188 30,642 1 30,640

 Total--Internal Revenue Service 35,017 ...... 35,017 134,515 1 134,514 151,730 1 151,728

 Comptroller of the Currency 94 570 -476 667 603 64 588 581 7

 Interest on the Public Debt:

 Interest on Treasury Debt Securities (Gross):

 Public Issues (Accrual Basis) 81,903 ...... 81,903 419,010 ...... 419,010 288,519 ...... 288,519

 Special Issues (Cash Basis) 6,751 ...... 6,751 103,013 ...... 103,013 95,708 ...... 95,708

 Total--Interest on Treasury Debt Securities (Gross) 88,654 ...... 88,654 522,023 ...... 522,023 384,227 ...... 384,227

 Total--Interest on the Public Debt 88,654 ...... 88,654 522,023 ...... 522,023 384,227 ...... 384,227

 Other 13 (**) 13 88 10 77 72 ...... 72

 Proprietary Receipts from the Public ...... 1,768 -1,768 ...... 4,695 -4,695 ...... 2,793 -2,793

 Intrabudgetary Transactions -174 ...... -174 -2,259 ...... -2,259 -1,074 ...... -1,074

 Total--Department of the Treasury 124,715 2,590 122,124 660,873 7,859 653,014 547,064 6,252 540,813

Department of Veterans Affairs:

 Joint DOD-VA Medical Facility Demonstration Fund 58 ...... 58 306 ...... 306 278 ...... 278

 Veterans Health Administration:

 Veterans Choice Fund, Veterans Health Administration (**) ...... (**) (**) ...... (**) -32 ...... -32

 Medical Services 7,065 ...... 7,065 52,548 ...... 52,548 47,846 ...... 47,846

 Medical Support and Compliance 1,211 ...... 1,211 5,224 ...... 5,224 4,410 ...... 4,410

 Medical Facilities 844 ...... 844 4,292 ...... 4,292 3,636 ...... 3,636

 Other 243 34 209 1,379 213 1,166 3,787 187 3,600

 Benefits Programs:

 Public Enterprise Funds:

 Housing Accounts (**) (**) (**) (**) 2 -2 (**) 2 -2

 Other 82 122 -39 519 854 -335 387 692 -305

 Compensation and Pensions 14,257 ...... 14,257 71,407 ...... 71,407 71,669 ...... 71,669

 Readjustment Benefits 1,348 ...... 1,348 7,056 ...... 7,056 6,859 ...... 6,859

 Veterans Housing Benefit Program Fund ...... ...... ...... 92 ...... 92 223 ...... 223

 Insurance Funds:

 National Service Life 27 ...... 27 148 ...... 148 182 ...... 182

 Veterans Special Life 19 (**) 19 84 16 69 89 18 71

 Other 2,651 1 2,650 4,232 22 4,210 133 4 129

 Total--Benefits Programs 18,384 124 18,260 83,539 894 82,646 79,542 716 78,826

 Departmental Administration:

 Construction 85 ...... 85 471 ...... 471 616 ...... 616

 Information Technology Systems 450 ...... 450 2,672 ...... 2,672 2,361 ...... 2,361

 General Operating Expenses 877 ...... 877 2,254 ...... 2,254 2,990 (**) 2,990

 Other 279 ...... 279 1,630 ...... 1,630 2,463 ...... 2,463

 Proprietary Receipts from the Public:

 National Service Life ...... 10 -10 ...... 14 -14 ...... 12 -12

 Other ...... 187 -187 ...... 1,914 -1,914 ...... 2,104 -2,104

 Intrabudgetary Transactions 22 ...... 22 -41 ...... -41 -94 ...... -94

 Total--Department of Veterans Affairs 29,518 355 29,164 154,274 3,034 151,240 147,803 3,018 144,785

Corps of Engineers:

 Construction 299 ...... 299 1,820 ...... 1,820 1,663 ...... 1,663

 Operation and Maintenance 351 ...... 351 2,436 ...... 2,436 1,984 ...... 1,984

 Flood Control and Coastal Emergencies 56 ...... 56 526 ...... 526 241 ...... 241

 Rivers and Harbors Contributed Funds 53 ...... 53 302 ...... 302 195 ...... 195

 Other 135 ...... 135 963 ...... 963 952 ...... 952

 Proprietary Receipts from the Public ...... 88 -88 ...... 529 -529 ...... 454 -454

 Intrabudgetary Transactions 1 ...... 1 1 ...... 1 1 ...... 1

 Total--Corps of Engineers 895 88 807 6,047 529 5,518 5,036 454 4,582

Other Defense Civil Programs:

 Military Retirement:

 Payment to Military Retirement Fund ...... ...... ...... 151,521 ...... 151,521 120,438 ...... 120,438

 Military Retirement Fund 6,544 ...... 6,544 32,851 ...... 32,851 36,740 ...... 36,740

19
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

Other Defense Civil Programs: - Continued

 Retiree Health Care:

 Payment to Department of Defense Medicare-Eligible

 Retiree Health Care Fund ...... ...... ...... 9,584 ...... 9,584 9,981 ...... 9,981

 Department of Defense Medicare-Eligible Retiree Health

 Care Fund 825 ...... 825 6,186 ...... 6,186 5,893 ...... 5,893

 Educational Benefits 18 ...... 18 94 ...... 94 94 ...... 94

 Other 23 ...... 23 157 ...... 157 243 ...... 243

 Proprietary Receipts from the Public ...... 2 -2 ...... 13 -13 ...... 13 -13

 Intrabudgetary Transactions -1,508 ...... -1,508 -168,441 ...... -168,441 -137,537 ...... -137,537

 Total--Other Defense Civil Programs 5,903 2 5,901 31,953 13 31,940 35,851 13 35,838

Environmental Protection Agency:

 Science and Technology 64 ...... 64 372 ...... 372 380 ...... 380

 Environmental Programs and Management 352 ...... 352 1,528 ...... 1,528 1,457 ...... 1,457

 State and Tribal Assistance Grants 498 ...... 498 3,500 ...... 3,500 2,306 ...... 2,306

 Payment to the Hazardous Substance Superfund ...... ...... ...... 561 ...... 561 1,218 ...... 1,218

 Hazardous Substance Superfund 147 ...... 147 957 ...... 957 790 ...... 790

 Other 57 3 54 148 54 94 68 50 18

 Proprietary Receipts from the Public ...... 34 -34 ...... 260 -260 ...... 165 -165

 Intrabudgetary Transactions -5 ...... -5 -523 ...... -523 -1,213 ...... -1,213

 Offsetting Governmental Receipts ...... 6 -6 ...... 18 -18 ...... 19 -19

 Total--Environmental Protection Agency 1,114 43 1,071 6,542 332 6,210 5,006 234 4,772

Executive Office of the President:

 The White House 9 ...... 9 39 ...... 39 35 ...... 35

 Office of Management and Budget 17 ...... 17 70 ...... 70 59 ...... 59

 Unanticipated Needs 6 ...... 6 32 ...... 32 26 ...... 26

 Other 29 ...... 29 155 ...... 155 138 ...... 138

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

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

 Total--Executive Office of the President 59 (**) 59 296 (**) 296 257 (**) 257

General Services Administration:

 Real Property Activities -19 ...... -19 -345 ...... -345 -273 ...... -273

 Supply and Technology Activities 158 ...... 158 -10 ...... -10 79 ...... 79

 General Activities 57 ...... 57 147 ...... 147 86 ...... 86

 Proprietary Receipts from the Public ...... 3 -3 ...... 23 -23 ...... 71 -71

 Intrabudgetary Transactions (**) ...... (**) -6 ...... -6 -7 ...... -7

 Total--General Services Administration 196 3 193 -214 23 -237 -115 71 -186

International Assistance Programs:

 Millennium Challenge Corporation 75 ...... 75 387 ...... 387 335 ...... 335

 International Security Assistance:

 Foreign Military Financing Program 749 ...... 749 4,757 ...... 4,757 5,900 ...... 5,900

 Economic Support Fund 369 ...... 369 2,935 ...... 2,935 12,865 ...... 12,865

 Other 92 ...... 92 657 10 647 639 12 627

 Total--International Security Assistance 1,209 ...... 1,209 8,350 10 8,340 19,404 12 19,392

 Multilateral Assistance:

 Other 15 ...... 15 545 ...... 545 1,020 ...... 1,020

 Total--Multilateral Assistance 15 ...... 15 545 ...... 545 1,020 ...... 1,020

 Agency for International Development:

 Development Assistance Program 252 ...... 252 1,515 ...... 1,515 1,466 ...... 1,466

 Assistance for Europe, Eurasia and Central Asia 67 ...... 67 459 ...... 459 481 ...... 481

 International Disaster Assistance 430 ...... 430 3,202 ...... 3,202 4,727 ...... 4,727

 Operating Expenses 137 ...... 137 860 ...... 860 801 ...... 801

 Other 187 ...... 187 -330 (**) -330 -12 (**) -12

 Proprietary Receipts from the Public ...... 8 -8 ...... 75 -75 ...... 37 -37

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

 Total--Agency for International Development 1,071 8 1,063 5,700 75 5,625 7,463 37 7,425

 Overseas Private Investment Corporation:

 Overseas Private Investment Corporation Accounts (**) (**) ...... (**) (**) (**) 3 ...... 3

 Total--Overseas Private Investment Corporation (**) (**) ...... (**) (**) (**) 3 ...... 3

 Peace Corps 35 (**) 35 216 (**) 216 206 -1 206

 Proprietary Receipts ...... (**) (**) ...... 1 -1 ...... (**) (**)

 Military Sales Program:

 Foreign Military Sales Trust Fund 4,050 ...... 4,050 22,977 ...... 22,977 18,731 ...... 18,731

20
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

International Assistance Programs: - Continued

 Other 8 2 5 67 32 35 111 87 24

 Proprietary Receipts from the Public ...... 5,049 -5,049 ...... 25,061 -25,061 ...... 27,597 -27,597

 Other 71 21 49 476 190 286 322 217 105

 Total--International Assistance Programs 6,533 5,081 1,452 38,717 25,368 13,349 47,595 27,949 19,646

National Aeronautics and Space Administration:

 Science 634 ...... 634 3,819 ...... 3,819 3,749 ...... 3,749

 Aeronautics 115 ...... 115 485 ...... 485 392 ...... 392

 Exploration 457 ...... 457 3,432 ...... 3,432 3,717 ...... 3,717

 Cross Agency Support 299 ...... 299 1,517 ...... 1,517 1,600 ...... 1,600

 Space Operations 404 ...... 404 2,246 ...... 2,246 2,140 ...... 2,140

 Other 167 ...... 167 894 ...... 894 854 ...... 854

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

 Intrabudgetary Transactions (**) ...... (**) (**) ...... (**) -2 ...... -2

 Total--National Aeronautics and Space Administration 2,076 (**) 2,075 12,393 2 12,391 12,451 2 12,449

National Science Foundation:

 Research and Related Activities 538 ...... 538 3,211 ...... 3,211 3,112 ...... 3,112

 Education and Human Resources 92 ...... 92 628 ...... 628 533 ...... 533

 Other 64 ...... 64 339 ...... 339 302 ...... 302

 Proprietary Receipts from the Public ...... 1 -1 ...... 14 -14 ...... 12 -12

 Total--National Science Foundation 693 1 693 4,178 14 4,164 3,948 12 3,935

Office of Personnel Management:

 Government Payment for Annuitants, Employees Health and

 Life Insurance Benefits 1,256 ...... 1,256 7,434 ...... 7,434 7,102 ...... 7,102

 Postal Service Retiree Health Benefits Fund 383 ...... 383 2,250 ...... 2,250 2,149 ...... 2,149

 Civil Service Retirement and Disability Fund 8,944 ...... 8,944 53,527 ...... 53,527 51,099 ...... 51,099

 Employees Life Insurance Fund 383 423 -40 1,916 3,095 -1,179 1,842 2,640 -798

 Employees and Retired Employees Health Benefits Fund 5,306 6,325 -1,019 34,080 33,410 670 32,237 31,260 978

 Other 38 ...... 38 138 ...... 138 85 ...... 85

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

 Intrabudgetary Transactions:

 Postal Service Contributions -3 ...... -3 -360 ...... -360 -410 ...... -410

 Civil Service Retirement and Disability Fund:

 Other -4 ...... -4 -22 ...... -22 -21 ...... -21

 Total--Office of Personnel Management 16,303 6,747 9,555 98,963 36,506 62,457 94,084 33,902 60,181

Small Business Administration:

 Salaries and Expenses 70 ...... 70 436 (**) 436 -528 ...... -528

 Business Loans Program 21 3 18 103 4 99 212 2 209

 Disaster Loans Program 16 (**) 16 188 (**) 188 1,179 (**) 1,179

 Other 38 3 35 229 13 215 324 13 311

 Proprietary Receipts from the Public ...... -86 86 ...... -71 71 ...... 29 -29

 Intrabudgetary Transactions 3 ...... 3 -48 ...... -48 -1 ...... -1

 Total--Small Business Administration 148 -80 228 907 -53 960 1,185 44 1,141

Social Security Administration:

 Payments to Social Security Trust Funds 27 ...... 27 27,328 ...... 27,328 26,952 ...... 26,952

 Supplemental Security Income Program 5,725 ...... 5,725 27,954 ...... 27,954 31,984 ...... 31,984

 Federal Old-Age and Survivors Insurance Trust Fund

 (Off-Budget):

 Benefit Payments 108,621 ...... 108,621 634,814 ...... 634,814 578,090 ...... 578,090

 Administrative Expenses 381 ...... 381 2,304 ...... 2,304 2,066 ...... 2,066

 Total--Federal Old-Age and Survivors Insurance Trust

 Fund (Off-Budget) 109,002 ...... 109,002 637,118 ...... 637,118 580,156 ...... 580,156

 Federal Disability Insurance Trust Fund (Off-Budget):

 Benefit Payments 12,984 ...... 12,984 76,491 ...... 76,491 73,626 ...... 73,626

 Administrative Expenses 299 ...... 299 1,237 ...... 1,237 1,412 ...... 1,412

 Total--Federal Disability Insurance Trust Fund

 (Off-Budget) 13,283 ...... 13,283 77,729 ...... 77,729 75,037 ...... 75,037

 Other 18 ...... 18 85 ...... 85 97 ...... 97

 Proprietary Receipts from the Public:

 On-Budget ...... 273 -273 ...... 1,378 -1,378 ...... 1,204 -1,204

 Off-Budget ...... 2 -2 ...... 12 -12 ...... 12 -12

 Intrabudgetary Transactions:

 Off-Budget 1 -27 ...... -27 -27,326 ...... -27,326 -27,133 ...... -27,133

 Total--Social Security Administration 128,028 275 127,753 742,887 1,390 741,497 687,092 1,217 685,876

21
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

Independent Agencies ...... ...... ...... ...... ...... ...... ...... ...... ......

 United States Agency for Global Media 50 (**) 50 425 (**) 424 444 (**) 444

 Bureau of Consumer Financial Protection 59 ...... 59 340 (**) 340 407 ...... 407

 Corporation for National and Community Service 74 1 73 582 2 580 505 (**) 505

 Corporation for Public Broadcasting ...... ...... ...... 525 ...... 525 535 ...... 535

 District of Columbia:

 Courts 37 ...... 37 178 ...... 178 157 (**) 157

 General and Special Payments 57 (**) 57 334 50 284 413 45 369

 Equal Employment Opportunity Commission 48 1 47 247 1 245 232 1 231

 Export-Import Bank of the United States 8 ...... 8 20 (**) 20 29 (**) 29

 Federal Communications Commission:

 Universal Service Fund 695 ...... 695 4,317 ...... 4,317 4,101 ...... 4,101

 Other 933 2 930 6,223 12 6,210 4,631 11 4,620

 Federal Deposit Insurance Corporation:

 Deposit Insurance Fund -3,370 ...... -3,370 55,078 ...... 55,078 24,595 ...... 24,595

 FSLIC Resolution Fund (**) 4 -4 (**) 26 -26 (**) 20 -19

 Total--Federal Deposit Insurance Corporation -3,370 4 -3,374 55,079 26 55,052 24,595 20 24,576

 Federal Drug Control Programs 25 ...... 25 145 ...... 145 231 ...... 231

 Federal Housing Finance Agency 36 ...... 36 193 ...... 193 181 ...... 181

 Institute of Museum and Library Services 22 (**) 22 142 (**) 142 179 (**) 179

 Intelligence Community Management Account 12 ...... 12 237 ...... 237 273 ...... 273

 Legal Services Corporation 21 ...... 21 266 ...... 266 289 ...... 289

 National Archives and Records Administration 53 1 52 259 11 248 238 11 227

 National Credit Union Administration 35 33 2 307 868 -561 869 1,066 -196

 National Endowment for the Arts 14 (**) 14 105 (**) 104 112 (**) 112

 National Endowment for the Humanities 14 ...... 14 93 (**) 93 118 (**) 118

 National Labor Relations Board 32 (**) 32 147 (**) 147 144 (**) 143

 Nuclear Regulatory Commission 95 4 91 466 397 69 440 366 75

 Postal Service:

 Off-Budget:

 Public Enterprise Funds 7,950 6,461 1,489 60,072 58,516 1,556 69,524 68,358 1,166

 Other 10 ...... 10 129 ...... 129 271 ...... 271

 Other ...... ...... ...... ...... ...... ...... 50 ...... 50

 Railroad Retirement Board:

 Federal Windfall Subsidy (**) ...... (**) 3 ...... 3 4 ...... 4

 Federal Payments to the Railroad Retirement Accounts 1 ...... 1 421 ...... 421 413 ...... 413

 Railroad Unemployment Insurance Trust Fund:

 Benefit Payments 6 ...... 6 32 ...... 32 38 ...... 38

 Transfer To Administrative Funds 2 ...... 2 11 ...... 11 10 ...... 10

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

 Rail Industry Pension Fund:

 Benefit Payments 483 ...... 483 2,882 ...... 2,882 2,843 ...... 2,843

 OASDI Certifications (**) ...... (**) -1 ...... -1 -2 ...... -2

 Transfer to Administrative Funds 8 ...... 8 49 ...... 49 50 ...... 50

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

 National Railroad Retirement Investment Trust:

 Administrative Expenses 5 ...... 5 32 ...... 32 29 ...... 29

 Transfers to the Railroad Retirement Trust Funds from

 the National Railroad Retirement Investment Trust 162 ...... 162 543 ...... 543 787 ...... 787

 Railroad Social Security Equivalent Benefit Account:

 Benefit Payments 716 ...... 716 4,249 ...... 4,249 4,076 ...... 4,076

 Transfer To Administrative Funds 2 ...... 2 11 ...... 11 11 ...... 11

 Other 3 ...... 3 5 ...... 5 -17 ...... -17

 Proprietary Receipts from the Public ...... 526 -526 ...... 1,678 -1,678 ...... 558 -558

 Intrabudgetary Transactions:

 Other -163 ...... -163 -965 ...... -965 -1,201 ...... -1,201

 Total--Railroad Retirement Board 1,225 526 699 7,274 1,678 5,596 7,041 558 6,484

 Securities and Exchange Commission -125 (**) -125 1,160 -1 1,161 84 9 75

 Smithsonian Institution 97 (**) 97 653 (**) 652 668 (**) 667

 Tennessee Valley Authority 4,150 4,377 -226 23,454 23,164 289 20,057 19,683 374

 Other 312 21 291 1,735 842 892 2,309 876 1,433

 Total--Independent Agencies 12,570 11,430 1,140 165,105 85,568 79,537 139,128 91,003 48,126

22
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

Undistributed Offsetting Receipts:

 Other Interest -1 1 -2 -5 1 -5 -3 (**) -3

 Employer Share, Employee Retirement:

 Department of Health and Human Services:

 Federal Hospital Insurance Trust Fund:

 Federal Employer Contributions -394 ...... -394 -2,351 ...... -2,351 -2,267 ...... -2,267

 Postal Service Employer Contributions -66 ...... -66 -393 ...... -393 -348 ...... -348

 Department of State:

 Foreign Service Retirement and Disability Fund -35 ...... -35 -217 ...... -217 -204 ...... -204

 Other Defense Civil Programs:

 Military Retirement Fund -1,891 ...... -1,891 -32,000 ...... -32,000 -24,331 ...... -24,331

 Department of Defense Medicare-Eligible Retiree Health

 Care Fund ...... ...... ...... -10,837 ...... -10,837 -10,033 ...... -10,033

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund -5,194 ...... -5,194 -25,866 ...... -25,866 -23,947 ...... -23,947

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund:

 Federal Employer Contributions -1,675 ...... -1,675 -9,334 ...... -9,334 -8,807 ...... -8,807

 Federal Disability Insurance Trust Fund:

 Federal Employer Contributions -285 ...... -285 -1,585 ...... -1,585 -1,495 ...... -1,495

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

 Total--Employer Share, Employee Retirement -9,539 ...... -9,539 -82,583 ...... -82,583 -71,434 ...... -71,434

 Interest Received by Trust Funds:

 Judicial Branch:

 Judicial Survivors Annuity Fund -2 ...... -2 -13 ...... -13 -13 ...... -13

 Department of Health and Human Services:

 Federal Hospital Insurance Trust Fund -51 ...... -51 -2,810 ...... -2,810 -2,507 ...... -2,507

 Federal Supplementary Medical Insurance Trust Fund -75 ...... -75 -2,016 ...... -2,016 -2,139 ...... -2,139

 Department of Homeland Security:

 Oil Spill Liability Trust Fund -24 ...... -24 -179 ...... -179 -98 ...... -98

 Other (**) ...... (**) -31 ...... -31 -8 ...... -8

 Department of Labor:

 Unemployment Trust Fund -20 ...... -20 -1,097 ...... -1,097 -622 ...... -622

 Department of State:

 Foreign Service Retirement and Disability Fund (**) ...... (**) -295 ...... -295 -251 ...... -251

 Department of Transportation:

 Airport and Airway Trust Fund -11 ...... -11 -228 ...... -228 -89 ...... -89

 Department of Veterans Affairs:

 National Service Life Insurance Fund (**) ...... (**) -11 ...... -11 -15 ...... -15

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

 Corps of Engineers -32 ...... -32 -295 ...... -295 -114 ...... -114

 Other Defense Civil Programs:

 Military Retirement Fund -6,063 ...... -6,063 -25,086 ...... -25,086 -22,812 ...... -22,812

 Educational Benefits Fund -2 ...... -2 -8 ...... -8 -11 ...... -11

 Armed Forces Retirement Home -1 ...... -1 -5 ...... -5 -2 ...... -2

 Environmental Protection Agency -14 ...... -14 -141 ...... -141 -68 ...... -68

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund -43 ...... -43 -13,034 ...... -13,034 -11,769 ...... -11,769

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund -237 ...... -237 -30,970 ...... -30,970 -31,664 ...... -31,664

 Federal Disability Insurance Trust Fund -27 ...... -27 -2,078 ...... -2,078 -1,509 ...... -1,509

 Independent Agencies:

 Railroad Retirement Board -8 ...... -8 -29 ...... -29 -16 ...... -16

 Other -2 ...... -2 -29 ...... -29 -10 ...... -10

 Other -521 ...... -521 -3,312 ...... -3,312 -2,664 ...... -2,664

 Total--Interest Received by Trust Funds -7,134 ...... -7,134 -81,667 ...... -81,667 -76,381 ...... -76,381

 Rents and Royalties on the Outer Continental Shelf Lands ...... 389 -389 ...... 3,420 -3,420 ...... 3,505 -3,505

 Total--Undistributed Offsetting Receipts -16,674 389 -17,063 -164,255 3,421 -167,676 -147,819 3,505 -151,324

Total Outlays 612,243 43,695 568,548 3,538,398 285,696 3,252,702 3,445,984 296,726 3,149,258

 Total On-Budget 484,248 37,232 447,016 2,834,643 227,167 2,607,476 2,791,604 228,355 2,563,248

 Total Off-Budget 127,995 6,463 121,532 703,755 58,529 645,227 654,380 68,370 586,010

Total Surplus (+) or Deficit (-) -236,457 -1,064,591 -1,101,062

 Total On-Budget -222,854 -1,013,702 -1,074,757

 Total Off-Budget -13,603 -50,890 -26,306

23
Table 5. Outlays of the U.S. Government, March 2024 and Other Periods - Continued

[$ millions]

MEMORANDUM

Receipts Offset Against Outlays (In Millions)

Current Comparable

Fiscal Year to Period Prior

Date Fiscal Year

Proprietary Receipts 139,309 143,946

Intrabudgetary Transactions 607,651 550,373

Governmental Receipts 7,581 7,609

 Total Receipts Offset Against Outlays 754,541 701,928

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, March 2024 and Other Periods

[$ millions]

Liability Accounts:

 Borrowing from the Public:

 Treasury Securities, Issued Under General Financing Authorities:

 Debt Held by the Public 131,165 1,181,313 394,322 26,330,142 27,380,289 27,511,454

 Intragovernmental Holdings -15,715 237,887 135,204 6,837,192 7,090,793 7,075,078

 Total Treasury Securities Outstanding 115,450 1,419,199 529,526 33,167,334 34,471,083 34,586,533

 Plus Premium on Treasury Securities -637 3,735 2,943 65,691 70,064 69,427

 Less Discount on Treasury Securities -3,696 60,978 66,484 264,594 329,268 325,572

 Total Treasury Securities Net of Premium and Discount 118,509 1,361,957 465,984 32,968,431 34,211,878 34,330,388

 Agency Securities, Issued Under Special Financing Authorities (See

 Schedule B; for Other Agency Borrowing, See Schedule C) -149 379 391 19,568 20,096 19,947

 Total Federal Securities 118,360 1,362,337 466,375 32,987,998 34,231,975 34,350,335

 Deduct:

 Federal Securities Held as Investments of Government Accounts

 (See Schedule D) -16,748 235,276 134,906 6,817,835 7,069,859 7,053,111

 Less Discount on Federal Securities Held as Investments of

 Government Accounts -306 35,174 40,212 69,341 104,821 104,515

 Net Federal Securities Held as Investments of Government

 Accounts -16,442 200,101 94,694 6,748,494 6,965,038 6,948,596

 Total Borrowing from the Public 134,803 1,162,235 371,681 26,239,504 27,266,936 27,401,739

 Accrued Interest Payable to the Public 40,829 16,484 11,591 116,746 92,402 133,230

 Allocations of Special Drawing Rights -403 1,042 7,506 151,041 152,486 152,083

 Uninvested Balances, Deposit Funds -642 -4,004 271,121 30,564 27,202 26,560

 Miscellaneous Liability Accounts (Includes Checks Outstanding Etc.) 402 15,147 -303 29,359 44,104 44,506

 Total Liability Accounts 174,988 1,190,904 661,596 26,567,214 27,583,130 27,758,118

Asset Accounts (Deduct)

 Cash and Monetary Assets:

 U.S. Treasury Operating Cash:

 Federal Reserve Account 1 -61,831 118,379 -458,301 656,889 837,099 775,268

 Balance -61,831 118,379 -458,301 656,889 837,099 775,268

 Special Drawing Rights:

 Total Holdings 610 4,212 10,066 162,058 165,659 166,269

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

 Balance 610 4,212 10,066 156,858 160,459 161,069

 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 -292 753 5,424 -2,494 -1,449 -1,741

 Letter of Credit Issued to IMF -488 -2,073 1,584 -78,365 -79,950 -80,439

 Dollar Deposits with the IMF (**) 89 -19 -370 -281 -281

 Receivable/Payable (-) for Interim Maintenance of Value

 Adjustments 373 -382 -3,746 1,570 814 1,187

 Balance -407 -1,614 3,243 31,970 30,763 30,356

 Loans to International Monetary Fund ...... -4 -154 79 76 76

 Other Cash and Monetary Assets 19 -254 519 26,995 26,722 26,741

 Total Cash and Monetary Assets -61,609 120,719 -444,627 872,792 1,055,119 993,511

 Non-Federal Securities of the National Railroad Retirement

 Investment Trust 376 846 -151 24,469 24,939 25,315

 Net Activity, Guaranteed Loan Financing (See Schedule E) 444 4,147 12,650 82,652 86,355 86,799

 Net Activity, Direct Loan Financing (See Schedule E) -824 1,087 -3,151 1,598,363 1,600,274 1,599,450

 Miscellaneous Asset Accounts 64 -14 -2,519 104 26 90

 Total Asset Accounts -61,549 126,786 -437,799 2,578,380 2,766,714 2,705,166

Excess of Liabilities (+) or Assets (-) 236,537 1,064,118 1,099,395 23,988,834 24,816,416 25,052,953

Transactions Not Applied to Current Year's Surplus or Deficit (See

 Schedule A for Details) -80 473 1,668 ...... 553 473

Total Budget and Off-Budget Federal Entities (Financing of Deficit (+)

 or Disposition of Surplus (-)) 236,457 1,064,591 1,101,062 23,988,834 24,816,969 25,053,426

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 (**) Less than absolute value of $500,000

25
Classification This Month

Fiscal Year to Date

This Year Prior Year

Table 6. Schedule A-Analysis of Change in Excess of Liabilities of the U.S. Government, March 2024 and Other Periods

[$ millions]

Excess of Liabilities Beginning of Period:

 Based on Composition of Unified Budget in Preceding Period 24,816,416 23,988,834 21,746,382

 Adjustments During Current Fiscal Year for Changes in Composition of

 Unified Budget:

 Revisions by Federal Agencies to the Prior Budget Results ...... ...... 547,175

 Excess of Liabilities Beginning of Period (Current Basis) 24,816,416 23,988,834 22,293,558

 Budget Surplus (-) or Deficit:

 Based on Composition of Unified Budget in Prior Fiscal Year 236,457 1,064,591 1,101,062

 Total Surplus (-) or Deficit (Table 2) 236,457 1,064,591 1,101,062

 Total-On-Budget (Table 2) 222,854 1,013,702 1,074,757

 Total-Off-Budget (Table 2) 13,603 50,890 26,306

 Transactions Not Applied to Current Year's Surplus or Deficit:

 Premium/Discount on Buyback of U.S. Treasury Securities ...... ...... -2

 Other 80 -473 -1,665

 Total-Transactions Not Applied to Current Year's Surplus or Deficit 80 -473 -1,668

 Excess of Liabilities Close of Period 25,052,953 25,052,953 23,392,953

Note: Details may not add to totals due to rounding. ... No Transactions

26

This Year This Month

Classification

This Month

Net Transactions

(-) denotes net reduction of liability accounts

Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Schedule B-Securities Issued by Federal Agencies Under Special Financing Authorities, March 2024 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 (**) -8 -7 16 8 8

 Independent Agencies:

 Federal Communications Commission ...... ...... ...... (**) (**) (**)

 National Archives and Records Administration ...... ...... ...... (**) (**) (**)

 Tennessee Valley Authority -149 387 398 19,533 20,069 19,920

 Total Agency Securities -149 379 391 19,568 20,096 19,947

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

... No Transactions
Classification

This Year This Month This Month

Transactions Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,

March 2024 and Other Periods

[$ millions]

Borrowing from the US Treasury:

 Department of Agriculture:

 Farm Service Agency:

 Commodity Credit Corporation -222 -4,901 -1,343 17,558 12,879 12,657

 Agricultural Credit Insurance Fund -2,084 -913 -737 18,371 19,541 17,458

 Farm Storage Facility Loans -94 74 132 1,789 1,958 1,864

 Emergency Boll Weevil Loan Fund ...... ...... (**) ...... ...... ......

 Rural Housing Service:

 Rural Housing Insurance -603 46 -569 20,046 20,696 20,093

 Rural Community Facility Loans Fund -279 144 -263 12,355 12,779 12,499

 Rural Business - Cooperative Service:

 Rural Business and Industry Loans -12 -12 -47 50 50 38

 Rural Development Loan Fund -21 -15 -23 263 269 248

 Rural Economic Development Loan Fund -57 -34 -23 257 279 223

 Renewable Energy Guaranteed Loan Account (**) (**) (**) 8 8 8

 Rural Microenterprise Investment Loans -2 (**) -3 40 41 40

 Biorefinery Assistance Loan Account -50 -50 186 186 186 136

 Rural Utilities Service:

 Rural Water and Waste Disposal Fund -555 -54 -695 14,625 15,125 14,571

 Rural Electrification and Telecommunications Fund 37 690 218 7,926 8,579 8,616

 Rural Telephone Bank (**) (**) -6 57 57 56

 Distance Learning and Telemedicine Program -61 -18 -45 559 602 540

 Foreign Agricultural Service ...... ...... ...... 226 226 226

 Department of Commerce:

 National Oceanic and Atmospheric Administration:

 Fisheries Finance 1 99 9 356 454 455

 Department of Defense--Military Programs:

 Family Housing Improvement Loans ...... ...... ...... 1,639 1,639 1,639

 Defense Agencies ...... ...... ...... 271 271 271

 Department of Education:

 College Housing and Academic Facilities Loans ...... ...... ...... 2 2 2

 Historically Black College and University Capital Financing

 Fund ...... ...... ...... 82 82 82

 Federal Direct Student Loans 6,543 79,939 24,795 1,137,355 1,210,751 1,217,293

 Teach Grant Loans 4 14 5 581 591 595

 Temporary Student Loan Purchase Authority ...... -204 -894 23,668 23,463 23,463

 Federal Family Education Loans ...... ...... 35 26,902 26,902 26,902

 Department of Energy:

 Bonneville Power Administration Fund -25 -69 35 5,784 5,740 5,715

 Western Area Power Administration - Recovery Act ...... ...... ...... 76 76 76

 Title 17 Innovative Technology Loans 1 5 3 653 657 658

 Department of Health and Human Services:

 Consumer Operated and Oriented Plan ...... ...... ...... 320 320 320

 Consumer Operated and Oriented Plan Program Contingency Fund ...... ...... ...... 98 98 98

 Department of Homeland Security:

 National Flood Insurance Fund ...... ...... ...... 20,525 20,525 20,525

 Disaster Assistance Loan Fund (**) 2 2 4 5 6

 Department of Housing and Urban Development:

 Public and Indian Housing Programs:

 Low-Rent Public Housing - Loans and Other Expenses ...... ...... ...... 28 28 28

 Native Hawaiian Housing Loans ...... 1 1 4 6 6

 Housing Programs:

 Emergency Homeowners' Relief Fund ...... ...... ...... 3 3 3

 Federal Housing Administration ...... ...... ...... 106,967 106,967 106,967

 Home Ownership Preservation Equity Fund ...... ...... ...... 10 10 10

 Green Retrofit Program for Multifamily Housing-Recovery Act ...... ...... ...... 92 92 92

 Department of the Interior:

 Bureau of Indian Affairs and Bureau of Indian Education ...... ...... ...... (**) (**) (**)

 Bureau of Reclamation Loan Fund ...... ...... ...... 24 24 24

 Assistance to American Samoa Loan Fund ...... (**) (**) 6 6 6

 Department of Labor:

27
Classification

This Year This Month This Month

Transactions Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,

March 2024 and Other Periods - Continued

[$ millions]

Borrowing from the US Treasury: - Continued

 Black Lung Disability Trust Fund ...... ...... ...... 4,793 4,793 4,793

 Department of State:

 Repatriation Loans ...... 1 1 5 7 7

 Department of Transportation:

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund 84 614 3,716 20,258 20,788 20,873

 Federal Railroad Administration:

 Railroad Rehabilitation and Improvement Loan Fund 19 386 ...... 1,865 2,231 2,251

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

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) Fund ...... ...... ...... 89 89 89

 Maritime Guaranteed Loan (Title XI) FFB Financing Account ...... ...... ...... 8 8 8

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund 1 2 4 108 110 110

 Temporary Credit and Liquidity Program ...... ...... ...... 992 992 992

 Troubled Asset Relief Program ...... ...... -3 ...... ...... ......

 Small Business Lending Financing Fund ...... ...... ...... 33 33 33

 ESF - Economic Stabilization Program ...... -6,778 -2,593 14,936 8,158 8,158

 Federal Financing Bank Revolving Fund 808 45,921 3,322 130,324 175,438 176,246

 Department of Veterans Affairs:

 Veterans Housing Benefit Program Fund ...... 128 85 471 599 599

 Native American Veteran Housing Fund ...... 8 4 92 100 100

 Vocational Rehabilitation Loan Fund ...... 1 (**) (**) 1 1

 Environmental Protection Agency:

 Water Infrastructure Finance and Innovation Loan Program 459 3,204 738 2,953 5,698 6,157

 International Assistance Programs:

 International Security Assistance:

 Foreign Military Loan Program ...... 1,945 ...... 504 2,449 2,449

 Military Debt Reduction ...... ...... ...... 40 40 40

 Agency for International Development:

 Development Credit Authority Loan Fund 83 83 83 83 83 166

 United States International Development Finance Corporation 356 1,033 1,710 10,498 11,174 11,530

 Small Business Administration:

 Business Loan Fund 118 186 76 2,374 2,442 2,560

 Disaster Loan Fund ...... -1,185 5,645 331,946 330,761 330,761

 Independent Agencies:

 Export-Import Bank of the United States 5 169 ...... 12,804 12,969 12,973

 Presidio Trust ...... ...... ...... 185 185 185

 Railroad Retirement Board:

 Social Security Equivalent Benefit Account 430 2,512 2,492 4,627 6,709 7,139

 Smithsonian Institution:

 John F. Kennedy Center Parking Facilities -20 -20 ...... 20 20 ......

 Other:

 Borrowing from the US Treasury - Other ...... ...... (**) 1 1 1

 Total Borrowing from the US Treasury 4,864 122,953 36,054 1,959,775 2,077,864 2,082,728

Borrowing from the Federal Financing Bank:

 Department of Agriculture:

 Rural Utilities Service:

 Rural Electrification and Telecommunications Fund 113 451 1,601 54,548 54,887 54,999

 Department of Education:

 Historically Black College and University Capital Financing

 Fund 8 40 50 369 401 409

 Department of Energy:

 Advanced Technology Vehicles Manufacturing Loans ...... 832 621 1,066 1,898 1,898

 Title 17 Innovative Technology Loans 17 -233 192 15,373 15,123 15,140

 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 17 2 41 2,800 2,785 2,802

28
Classification

This Year This Month This Month

Transactions Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,

March 2024 and Other Periods - Continued

[$ millions]

Borrowing from the Federal Financing Bank: - Continued

 Department of Transportation:

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) FFB Financing Account -4 -8 -8 333 329 325

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund 9 22 38 1,242 1,255 1,264

 Department of Veterans Affairs:

 Guaranteed Transitional Housing Loans for Homeless Veterans ...... (**) (**) 4 4 4

 Independent Agencies:

 Federal Deposit Insurance Corporation ...... ...... ...... ...... ...... ......

 FDIC (acting in its capacity as Receiver) ...... 43,333 ...... 50,000 93,333 93,333

 National Credit Union Administration -1 ...... ...... ...... 1 ......

 Postal Service 650 1,150 416 13,000 13,500 14,150

 Total Borrowing from the Federal Financing Bank 808 45,589 2,952 138,735 183,516 184,324

Note: Details may not add to totals due to rounding. these funds to agencies in lieu of agencies borrowing directly through Treasury

Note: This table includes lending by the Federal Financing Bank accomplished by or issuing their own securities.

the purchase of agency financial assets, by the acquisition of agency debt ... No Transactions

securities, and by direct loans on behalf of an agency. The Federal Financing (**) Less than absolute value of $500,000

Bank borrows from Treasury and issues its own securities and in turn may loan

29
Securities Held as Investments Net Purchases or Sales (-) Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, March 2024 and Other Periods

[$ millions]

Federal Funds:

 Department of Agriculture 24 (**) 12 273 250 273

 Department of Commerce -2 ...... ...... ...... 2 ......

 Department of Defense--Military Programs:

 Defense Cooperation Account ...... ...... (**) 9 9 9

 Department of Energy 309 1,277 2,008 63,168 64,136 64,445

 Department of Health and Human Services -1,699 19,158 16,396 ...... 20,857 19,158

 Department of Homeland Security 368 775 -84 3,391 3,798 4,166

 Department of Housing and Urban Development:

 Housing Programs:

 Federal Housing Administration Fund 502 3,890 4,449 133,105 136,493 136,995

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities 101 2,138 1,227 21,154 23,192 23,293

 Department of the Interior 223 1,941 1,763 29,168 30,886 31,109

 Department of Justice 15 91 5,647 3,291 3,368 3,382

 Department of Labor -6,056 -2,177 1,543 61,174 65,053 58,997

 Department of State:

 Foreign Service Retirement and Disability Fund 4 23 13 366 385 389

 Other ...... ...... ...... 13 13 13

 Department of Transportation 45 30 16 2,509 2,495 2,540

 Department of the Treasury -929 -1,758 -1,607 17,166 16,336 15,407

 Department of Veterans Affairs:

 Veterans Reopened Insurance Fund -1 -4 -4 32 29 29

 National Service Life Insurance 5 21 ...... 18 35 40

 Servicemen'S Group Life Insurance Fund ...... 322 296 3,699 4,021 4,021

 Other Defense Civil Programs:

 Uniformed Services Retiree Health Care Fund 645 27,258 27,437 354,219 380,832 381,477

 International Assistance Programs ...... 228 120 6,368 6,596 6,596

 Office of Personnel Management:

 Postal Service Contributions -380 -1,890 -2,233 32,050 30,540 30,160

 Independent Agencies:

 Federal Deposit Insurance Corporation:

 Deposit Insurance Fund 3,266 -13,265 -23,156 84,298 67,767 71,033

 FSLIC Resolution Fund 4 26 18 931 953 957

 Federal Housing Finance Agency -32 21 22 135 187 155

 National Credit Union Administration -10 637 184 22,563 23,211 23,201

 Postal Service -976 -1,224 970 22,032 21,784 20,808

 Other

 Treasury Securities -48 556 -106 12,121 12,725 12,678

 Other 133 2,492 446 2,000 4,360 4,493

 Total Treasury Securities -4,492 40,567 35,378 875,254 920,313 915,821

 Total Federal Funds -4,492 40,567 35,378 875,254 920,313 915,821

Trust Funds:

 Legislative Branch:

 Library of Congress 6 7 3 57 58 64

 United States Tax Court (**) (**) (**) 13 13 13

 Other -1 1 -1 32 34 33

 Judicial Branch:

 Judicial Retirement Funds 6 82 232 1,992 2,068 2,074

 Department of Agriculture ...... ...... ...... 6 6 6

 Department of Defense--Military Programs:

 Voluntary Separation Incentive Fund 5 5 5 42 41 46

 Other -10 -55 -109 1,407 1,363 1,352

 Department of Health and Human Services:

 Federal Supplementary Medical Insurance Trust Fund -471 25,711 9,080 159,537 185,719 185,248

 Other 3,287 14,096 145 198,815 209,625 212,912

 Department of Homeland Security 63 409 148 11,627 11,973 12,036

 Department of the Interior 52 111 -18 304 364 416

 Department of Labor:

 Unemployment Trust Fund -3,121 -5,319 -4,197 81,846 79,648 76,527

 Other 5 2 14 72 68 74

 Department of State:

 Foreign Service Retirement and Disability Fund -52 24 76 21,055 21,130 21,079

30
Securities Held as Investments Net Purchases or Sales (-) Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, March 2024 and Other Periods - Continued

[$ millions]

Trust Funds: - Continued

 Other 2 (**) 4 49 47 49

 Department of Transportation:

 Airport and Airway Trust Fund -524 284 4,200 16,601 17,409 16,885

 Highway Trust Fund 645 -1,543 -3,056 115,673 113,486 114,131

 Department of the Treasury 484 -84 -62 4,651 4,083 4,566

 Department of Veterans Affairs:

 General Post Fund, National Homes 31 (**) -41 140 110 141

 National Service Life Insurance -21 -128 -158 832 725 704

 United States Government Life Insurance Fund (**) (**) (**) 1 1 1

 Veterans Special Life Insurance Fund -16 -66 -71 805 755 739

 Corps of Engineers 175 1,265 1,228 10,755 11,845 12,020

 Other Defense Civil Programs:

 Military Retirement Fund 1,268 219,131 160,600 1,366,845 1,584,709 1,585,977

 Other -14 -69 12 1,032 977 963

 Environmental Protection Agency 43 665 1,585 12,438 13,061 13,104

 National Aeronautics and Space Administration (**) (**) (**) 15 16 16

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund

 Treasury Securities -2,921 -10,874 -45,779 1,036,636 1,028,683 1,025,762

 Employees Life Insurance Fund 39 1,249 722 52,526 53,736 53,775

 Employees and Retired Employees Health Benefits Fund 1,014 -959 -1,014 25,570 23,597 24,612

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund -14,844 -62,286 -34,799 2,673,749 2,626,307 2,611,463

 Federal Disability Insurance Trust Fund 2,681 12,921 10,192 142,906 153,145 155,827

 Independent Agencies:

 Harry S Truman Scholarship Foundation ...... 30 -8 10 40 40

 Japan-United States Friendship Commission ...... -1 -1 36 35 35

 Railroad Retirement Board

 Treasury Securities -58 -41 500 2,611 2,628 2,569

 Agency Securities ...... ...... ...... 1 1 1

 Other

 Treasury Securities -10 141 94 1,891 2,042 2,032

 Total Treasury Securities -12,256 194,709 99,528 5,942,580 6,149,545 6,137,289

 Total Agency Securities ...... ...... ...... 1 1 1

 Total Trust Funds -12,256 194,709 99,528 5,942,581 6,149,546 6,137,290

Grand Total -16,748 235,276 134,906 6,817,835 7,069,859 7,053,111

Note: Details may not add to totals due to rounding. ... No Transactions

Note: Investments are in Treasury securities unless otherwise noted. (**) Less than absolute value of $500,000

31
Net Transactions

(-) denotes net reduction of Account Balances

asset accounts

Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, March 2024 and Other Periods

[$ millions]

Guaranteed Loan Financing Activity:

 Department of Agriculture:

 Office of the Secretary:

 Food Supply Chain and Agriculture Pandemic Response -3 -9 -12 -24 -29 -33

 Farm Service Agency:

 Commodity Credit Corporation Export Fund -1 -33 -30 45 13 12

 Agricultural Credit Insurance Fund 1 -49 -13 -185 -234 -233

 Natural Resources Conservation Service:

 Agricultural Resource Conservation Demonstration Program ...... ...... ...... (**) (**) (**)

 Rural Housing Service:

 Rural Community Facility Loans (**) -3 1 -1 -3 -4

 Rural Housing Insurance Fund -4 -48 50 2,022 1,977 1,974

 Rural Business - Cooperative Service:

 Rural Business and Industry Loans 32 -17 -39 -190 -240 -207

 Renewable Energy Guaranteed Loan Account (**) -4 -9 -10 -14 -14

 Biorefinery Assistance Loan Account (**) -1 139 81 80 80

 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 ...... ...... ...... -32 -32 -32

 Department of Education:

 Office of Student Financial Assistance:

 Federal Family Education Loans -130 -834 -2,716 -11,836 -12,541 -12,670

 Department of Energy:

 Title 17 Innovative Technology Loans ...... ...... ...... -89 -89 -89

 Department of Health and Human Services:

 Health Resources and Services Administration:

 Health Center Loans ...... (**) (**) -2 -2 -2

 Health Education Assitance Loans ...... ...... ...... -70 -70 -70

 Department of Housing and Urban Development:

 Public and Indian Housing Programs:

 Indian Housing Loans -1 -5 -7 -33 -38 -38

 Native Hawaiian Housing Loans (**) (**) (**) (**) (**) -1

 Community Planning and Development:

 Community Development Loans ...... -1 (**) -5 -6 -6

 Housing Programs:

 FHA-Mutual Mortgage Insurance Loans -75 -490 -353 78,353 77,938 77,863

 FHA-General and Special Risk Fund 176 969 635 11,426 12,219 12,395

 Home Ownership Preservation Entity Fund (**) (**) (**) 5 5 5

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities -464 -2,740 182 7,447 5,171 4,706

 Department of the Interior:

 Bureau of Indian Affairs and Bureau of Indian Education -4 -3 -3 -56 -55 -59

 Department of Transportation:

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund ...... ...... ...... (**) (**) (**)

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) Fund (**) (**) (**) -235 -235 -235

 Department of the Treasury:

 Departmental Offices:

 Air Transportation Stabilization Fund ...... ...... ...... (**) (**) (**)

 Troubled Assets Insurance Financing Fund ...... ...... ...... (**) (**) (**)

 Troubled Asset Relief Program ...... ...... (**) (**) (**) (**)

 Department of Veterans Affairs:

 Veterans Benefits Administration:

 Veterans Housing Benefit Program Fund -117 -473 198 -11,683 -12,038 -12,155

 International Assistance Programs:

 Agency for International Development:

32
Net Transactions

(-) denotes net reduction of Account Balances

asset accounts

Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, March 2024 and Other Periods - Continued

[$ millions]

Guaranteed Loan Financing Activity: - Continued

 Ukraine Export Credit Insurance Fund ...... ...... ...... -267 -267 -267

 Loan Guarantees to Israel ...... ...... ...... -863 -863 -863

 Urban and Environmental Credit Guaranteed Loans ...... ...... ...... -38 -38 -38

 Microenterprise and Small Enterprise Development ...... ...... ...... (**) (**) (**)

 Development Credit Authority Loan Fund ...... ...... ...... -99 -99 -99

 Tunisia Loan Fund ...... ...... ...... -609 -609 -609

 Overseas Private Investment Corporation ...... ...... ...... 278 278 278

 United States International Development Finance Corporation -28 -326 -69 61 -238 -266

 Microenterprise and Small Enterprise Development ...... ...... ...... (**) (**) (**)

 Urban and Environmental Credit (**) 3 2 5 8 8

 Small Business Administration:

 Business Loan Fund -174 -1,046 -1,120 -51,666 -52,538 -52,712

 Independent Agencies:

 Export-Import Bank of the United States -88 -711 -1,456 -4,863 -5,486 -5,574

 Net Activity, Guaranteed Loan Financing -879 -5,822 -4,619 16,848 11,905 11,026

Direct Loan Financing Activity:

 Department of Agriculture:

 Farm Service Agency:

 Agricultural Credit Insurance Fund 143 229 -559 15,524 15,611 15,754

 Farm Storage Facility Loans 9 64 93 1,377 1,432 1,441

 Apple Loans Fund ...... ...... (**) (**) (**) (**)

 Rural Housing Service:

 Rural Community Facility Loans Fund 58 85 14 11,639 11,665 11,723

 Rural Housing Insurance Fund -57 -56 -88 16,201 16,202 16,145

 Multifamily Housing Revitalization Loan Account ...... ...... ...... 524 524 524

 Rural Business - Cooperative Service:

 Rural Business and Industry Loan Fund (**) (**) (**) (**) (**) (**)

 Rural Development Loan Fund -2 -9 -14 240 234 231

 Rural Economic Development Loan Fund -1 6 7 195 202 201

 Rural Microenterprise Investment Loans (**) -1 -2 38 38 38

 Rural Utilities Service:

 Rural Water and Waste Disposal Loans 8 194 29 13,109 13,295 13,303

 Rural Electrification and Telecommunications Fund 17 1,183 1,977 57,691 58,857 58,874

 Rural Telephone Bank (**) -1 -1 54 53 53

 Distance Learning and Telemedicine Program 2 19 -2 489 505 507

 Rural Development Insurance Fund ...... ...... ...... 1,065 1,065 1,065

 Foreign Agricultural Service:

P.L. 480 Direct Loan Fund -2 -25 -32 204 181 178

International Debt Reduction (**) -23 -6 -115 -138 -138

 Department of Commerce:

 National Oceanic and Atmospheric Administration:

 Fisheries Finance (**) 85 -23 325 410 410

 Department of Defense--Military Programs -12 -59 -48 1,905 1,858 1,846

 Department of Education:

 Office of Postsecondary Education:

 College Housing and Academic Facilities Loans ...... (**) (**) 2 2 2

 Historically Black College and University Capital Financing

 Fund 8 40 50 306 337 346

 Office of Student Financial Assistance:

 Federal Direct Student Loans -7,774 -50,589 -3,490 1,000,036 957,221 949,447

 Teach Grant Loans -10 -45 4 527 492 482

 Temporary Student Loan Purchase Authority -348 -1,929 -2,227 31,826 30,245 29,897

 Department of Energy:

 Advanced Technology Vehicles Manufacturing Loans ...... -43 587 531 487 487

 Title 17 Innovative Technology Loans 18 -133 201 15,525 15,375 15,392

 Department of Health and Human Services:

 Consumer Operated and Oriented Plan ...... -4 -66 -5 -9 -9

 Consumer Operated and Oriented Plan Program Contingency Fund ...... -4 -4 45 42 42

 Department of Homeland Security:

 Disaster Assistance Loan Fund (**) -9 -6 -89 -98 -99

33
Net Transactions

(-) denotes net reduction of Account Balances

asset accounts

Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, March 2024 and Other Periods - Continued

[$ millions]

Direct Loan Financing Activity: - Continued

 Department of Housing and Urban Development:

 Housing Programs:

 Emergency Homeowners' Relief Fund (**) -1 (**) 2 2 2

 FHA-Mutual Mortgage Insurance Loans ...... ...... ...... (**) (**) (**)

 FHA-General and Special Risk Fund 18 2 50 2,720 2,704 2,721

 Green Retrofit Program for Multifamily Housing Fund ...... (**) (**) 10 9 9

 Department of the Interior:

 Bureau of Reclamation ...... ...... (**) 25 25 25

 Bureau of Indian Affairs and Bureau of Indian Education (**) (**) (**) (**) (**) (**)

 Assistance to American Samoa Loan Fund ...... ...... ...... 6 6 6

 Department of State:

 Administration of Foreign Affairs:

 Repatriation Loans -1 1 -1 -1 1 (**)

 Department of Transportation:

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund 84 163 3,476 16,727 16,807 16,890

 Tiger Tifia Loan Fund ...... -1 -1 61 60 60

 Federal Railroad Administration:

 Railroad Rehabilitation and Improvement Loan Fund -16 308 -33 1,393 1,717 1,700

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) FFB Financing Account -4 -8 -9 324 320 316

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund 9 19 26 1,333 1,343 1,352

 GSE Mortgage-Backed Securities Purchase Program ...... ...... ...... 4,613 4,613 4,613

 Temporary Credit and Liquidity Program -2 -73 -97 961 890 888

 Troubled Asset Relief Program (**) (**) -3 (**) (**) (**)

 Small Business Lending Program -137 -139 -1 32 31 -107

 ESF - Economic Stabilization Program -4 -7,115 -2,483 14,701 7,590 7,586

 Bureau of the Fiscal Service ...... ...... ...... (**) (**) (**)

 Department of Veterans Affairs:

 Veterans Benefits Administration:

 Veterans Housing Benefit Program Fund 1 -2 -10 324 322 323

 Native American Veteran Housing Fund (**) (**) (**) 63 63 63

 Transitional Housing Loans (**) (**) (**) -1 -1 -1

 Vocational Rehabilitation Loan Fund (**) (**) (**) (**) (**) (**)

 Environmental Protection Agency:

 Water Infrastructure Finance and Innovation Loan Program 458 3,183 722 2,936 5,661 6,119

 International Assistance Programs:

 International Security Assistance:

 Foreign Military Loan Program ...... -309 -405 477 169 169

 Military Debt Reduction ...... ...... ...... 40 40 40

 Agency for International Development:

 International Debt Reduction ...... ...... ...... -172 -172 -172

 Development Credit Authority Loan Fund 83 82 83 83 83 165

 Overseas Private Investment Corporation ...... ...... ...... 2,902 2,902 2,902

 International Monetary Programs ...... ...... ...... -278 -278 -278

 United States International Development Finance Corporation 248 379 1,094 6,181 6,312 6,561

 International Debt Reduction (**) -39 -37 -168 -207 -207

 Small Business Administration:

 Business Loan Fund -3 -22 -21 147 129 125

 Disaster Loan Fund -1,814 -10,946 -11,032 297,713 288,581 286,767

 Independent Agencies:

 Export-Import Bank of the United States -59 -468 -804 5,906 5,497 5,438

 Federal Communications Commission:

 Spectrum Auction Loan Fund (**) (**) (**) (**) (**) (**)

 Net Activity, Direct Loan Financing -9,086 -66,012 -13,095 1,528,229 1,471,304 1,462,217

Note: Details may not add to totals due to rounding. net present value in accordance with the Credit Reform Act of 1990. Unreimbursed

Note: Federal credit programs provide benefits to the public in the form of costs such as administrative expenses and subsidy payments are reported on a

direct loans and loan guarantees. This table reflects cash transactions and cash basis and included within each program's budgetary totals in Table 5.

balances of the nonbudgetary financing fund accounts that result from the ... No Transactions

disbursement of loans, collection of fees, repayment of principal, sale of (**) Less than absolute value of $500,000

collateral, interest, and subsidy received from the credit program accounts at

34
Classification June July Aug. Sept.

Fiscal

Year to

Date

Comparable

Period

Prior F.Y.

Oct. Nov. Dec. Jan. Feb. March April May

Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 2024

[$ millions]

Receipts:

 Individual Income Taxes 219,908 126,893 178,208 282,579 120,884 160,829 1,089,302 1,029,384

 Corporation Income Taxes 48,208 7,801 93,925 19,643 4,888 14,812 189,277 139,994

 Social Insurance and Retirement Receipts:

 Employment and General Retirement 110,154 118,679 139,982 152,008 125,519 138,405 784,748 739,870

 Unemployment Insurance 3,411 2,762 371 3,932 3,078 346 13,899 16,415

 Other Retirement 645 606 580 583 612 789 3,816 3,343

 Excise Taxes 7,263 7,691 6,972 6,606 6,675 6,831 42,038 40,115

 Estate and Gift Taxes 4,460 2,321 1,654 3,073 1,550 1,761 14,820 21,073

 Customs Duties 6,903 6,296 5,744 6,477 6,208 6,064 37,693 41,225

 Miscellaneous Receipts 2,481 1,781 1,874 2,418 1,712 2,253 12,519 16,777

 Total--Receipts This Year 403,434 274,830 429,311 477,320 271,126 332,091 2,188,111 ......

 (On-Budget) 321,848 186,993 327,107 360,321 173,343 224,162 1,593,774 ......

 (Off-Budget) 81,586 87,837 102,203 116,999 97,783 107,929 594,337 ......

 Total--Receipts Prior Year 318,500 252,111 454,942 447,288 262,114 313,240 ...... 2,048,196

 (On-Budget) 242,627 170,473 358,135 339,029 168,220 210,007 ...... 1,488,491

 (Off-Budget) 75,873 81,638 96,807 108,259 93,894 103,233 ...... 559,705

Outlays:

 Legislative Branch 702 533 508 539 524 527 3,333 3,338

 Judicial Branch 790 745 737 766 720 894 4,652 4,481

 Department of Agriculture:

 Commodity Credit Corporation 3,031 1,855 1,805 726 110 -245 7,282 7,256

 Foreign Agricultural Service 250 140 157 238 97 83 964 1,117

 Other 18,938 16,116 18,905 18,043 16,612 15,534 104,148 124,028

 Department of Commerce 759 1,115 1,483 1,015 804 1,299 6,474 5,751

 Department of Defense--Military Programs:

 Military Personnel 38,379 13,354 17,982 8,247 14,461 13,071 105,493 99,211

 Operation and Maintenance 24,826 26,624 26,671 24,808 24,891 29,579 157,400 151,209

 International Reconstruction and Other

 Assistance ...... ...... ...... ...... 2 ...... 2 ......

 Procurement 9,424 14,150 17,016 12,665 10,996 12,060 76,311 69,143

 Research, Development, Test, and Evaluation 9,190 11,809 13,509 8,470 10,372 9,702 63,051 58,395

 Military Construction 1,088 962 1,124 972 876 988 6,011 5,297

 Family Housing 87 117 122 97 107 114 645 676

 Revolving and Management Funds 468 -267 581 903 -260 976 2,400 2,511

 Other -82 -422 57 -155 -109 -224 -933 -186

 Total Department of Defense--Military Programs 83,381 66,327 77,063 56,007 61,335 66,268 410,381 386,255

 Department of Education 18,947 11,696 11,328 15,337 13,696 9,840 80,843 124,164

 Department of Energy 4,152 4,013 4,083 3,760 3,872 4,089 23,969 15,245

 Department of Health and Human Services:

 National Institutes of Health 3,548 4,215 3,609 3,730 3,676 4,065 22,843 22,527

 Centers for Medicare and Medicaid Services:

 Grants to States for Medicaid 45,806 49,700 52,697 46,113 53,691 56,439 304,445 309,767

 Federal Hospital Insurance Trust Fund 16,940 35,023 32,681 40,508 34,512 30,617 190,281 198,719

 Federal Supplementary Medical Insurance

 Trust Fund 19,527 57,778 47,414 56,608 52,701 52,524 286,553 296,375

 Other 41,120 40,775 40,461 52,053 40,052 42,402 256,863 247,078

 Administration for Children and Families 6,227 7,058 6,575 6,764 6,759 7,045 40,428 43,450

 Other -43,382 -42,823 -47,962 -59,891 -47,172 -48,713 -289,944 -274,659

 Department of Homeland Security 8,327 6,481 7,533 6,370 7,070 7,855 43,636 44,883

 Department of Housing and Urban Development 5,742 5,524 6,167 4,160 5,406 8,622 35,621 29,173

 Department of the Interior 1,829 1,176 1,225 1,748 1,261 1,049 8,288 7,239

 Department of Justice 3,839 3,641 3,100 3,754 3,523 2,824 20,680 20,475

 Department of Labor:

 Unemployment Trust Fund 2,940 3,218 3,237 4,239 3,617 3,473 20,722 17,125

 Other -4,495 1,340 2,012 1,412 1,661 6,585 8,514 42,208

 Department of State 2,945 2,365 2,428 3,477 2,979 2,721 16,914 14,445

 Department of Transportation:

 Highway Trust Fund 4,824 4,337 3,838 3,114 2,978 2,980 22,071 19,916

 Other 4,371 5,118 4,637 4,187 5,149 4,621 28,083 28,011

 Department of the Treasury:

 Interest on Treasury Debt Securities (Gross) 88,926 79,923 119,161 69,196 76,162 88,654 522,023 384,227

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 2024 - Continued

[$ millions]

Outlays: - Continued

 Other 10,502 10,575 12,940 9,888 53,616 33,470 130,991 156,586

 Department of Veterans Affairs:

 Compensation and Pensions 1,002 13,217 26,052 1,159 15,720 14,257 71,407 71,669

 National Service Life 27 15 13 24 38 17 134 170

 Other 13,006 13,217 14,094 13,032 11,459 14,890 79,699 72,946

 Corps of Engineers 1,014 1,353 1,031 611 702 807 5,518 4,582

 Other Defense Civil Programs -1,564 6,029 13,366 2,030 6,178 5,901 31,940 35,838

 Environmental Protection Agency 1,000 926 1,316 903 994 1,071 6,210 4,772

 Executive Office of the President 48 46 46 45 53 59 296 257

 General Services Administration 59 -39 650 -799 -300 193 -237 -186

 International Assistance Programs:

 International Security Assistance 2,240 614 1,679 1,973 625 1,209 8,340 19,392

 Multilateral Assistance 452 59 3 -2 17 15 545 1,020

 Agency for International Development 976 1,025 884 1,136 542 1,063 5,625 7,425

 Other -822 2,979 -637 -1,528 -319 -835 -1,161 -8,192

 National Aeronautics and Space Administration 1,976 2,251 2,633 1,677 1,779 2,075 12,391 12,449

 National Science Foundation 721 655 669 700 727 693 4,164 3,935

 Office of Personnel Management 10,913 10,819 10,209 11,287 9,674 9,555 62,457 60,181

 Small Business Administration 191 134 143 193 72 228 960 1,141

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust

 Fund (Off-Budget) 104,291 103,764 104,002 107,666 108,393 109,002 637,118 580,156

 Federal Disability Insurance Trust Fund

 (Off-Budget) 12,981 12,599 12,920 13,125 12,820 13,283 77,729 75,037

 Other 302 5,202 10,275 290 5,114 5,468 26,650 30,682

 Deposit Insurance Fund 14,895 47,175 -2,968 -562 -92 -3,370 55,078 24,595

 FSLIC Resolution Fund -4 -4 -4 -5 -4 -4 -26 -19

 Postal Service:

 Off-Budget:

 Public Enterprise Funds 1,209 -254 -607 -529 248 1,489 1,556 1,166

 Other 36 57 ...... 26 ...... 10 129 271

 Other ...... ...... ...... ...... ...... ...... ...... 50

 Tennessee Valley Authority 29 354 226 51 -145 -226 289 374

 Other 5,385 4,264 3,005 2,599 4,016 3,241 22,509 21,688

 Undistributed Offsetting Receipts:

 Employer Share, Employee Retirement -40,093 -8,147 -7,921 -8,394 -8,488 -9,539 -82,583 -71,434

 Interest Received by Trust Funds -9,917 -6,755 -50,010 -617 -7,234 -7,134 -81,667 -76,381

 Rents and Royalties on the Outer Continental

 Shelf Lands -839 -674 -222 -699 -597 -389 -3,420 -3,505

 Other (**) -1 -1 -1 -1 -2 -5 -3

 Totals This Year:

 Total Outlays 469,997 588,842 558,665 499,250 567,401 568,548 3,252,702 ......

 (On-Budget) 366,984 475,132 475,059 395,230 448,054 447,016 2,607,476 ......

 (Off-Budget) 103,013 113,710 83,606 104,020 119,347 121,532 645,227 ......

 Total-Surplus (+) or Deficit (-) -66,564 -314,012 -129,354 -21,930 -296,275 -236,457 -1,064,591 ......

 (On-Budget) -45,137 -288,139 -147,952 -34,910 -274,711 -222,854 -1,013,702 ......

 (Off-Budget) -21,427 -25,873 18,598 12,979 -21,564 -13,603 -50,890 ......

 Total Borrowing from the Public 226,047 261,061 100,278 137,681 302,366 134,803 1,162,235 371,681

 Total-Outlays Prior Year 406,374 500,646 539,943 486,072 524,548 691,675 ...... 3,149,258

 (On-Budget) 315,869 399,543 467,639 388,957 411,260 579,980 ...... 2,563,248

 (Off-Budget) 90,505 101,103 72,304 97,115 113,288 111,696 ...... 586,010

 Total-Surplus (+) or Deficit (-) Prior Year -87,874 -248,535 -85,001 -38,784 -262,434 -378,435 ......-1,101,062

 (On-Budget) -73,242 -229,070 -109,504 -49,928 -243,040 -369,973 ......-1,074,757

 (Off-Budget) -14,632 -19,465 24,503 11,144 -19,394 -8,462 ...... -26,306

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

... No Transactions

36
This Month

Excess Beginning of

This Year This Month

Close of

This Month

Fiscal Year to Date Securities Held as Investments

Current Fiscal Year

Classification

Receipts Outlays Excess Receipts Outlays

Table 8. Trust Fund Impact on Budget Results and Investment Holdings as of March 31, 2024

[$ millions]

Trust Receipts, Outlays, and Investments Held:

 Airport and Airway 1,336 1,577 -241 8,637 9,353 -716 16,601 17,409 16,885

 Black Lung Disability 29 13 16 145 96 49 ...... ...... ......

 Federal Disability Insurance 15,981 13,283 2,699 90,722 77,729 12,993 142,906 153,145 155,827

 Federal Employees Life and Health ...... -1,059 1,059 ...... -509 509 78,097 77,333 78,387

 Federal Employees Retirement 6,218 9,058 -2,840 43,610 54,219 -10,608 1,059,696 1,051,895 1,048,928

 Federal Hospital Insurance 32,644 30,808 1,836 206,852 191,491 15,361 194,362 205,058 208,348

 Federal Old-Age and Survivors Insurance 94,200 109,002 -14,802 574,921 637,118 -62,197 2,673,749 2,626,307 2,611,463

 Federal Supplementary Medical Insurance 54,340 52,524 1,816 314,196 286,553 27,643 159,537 185,719 185,248

 Hazardous Substance Superfund 188 147 41 1,721 957 764 11,006 11,562 11,595

 Highways 4,235 4,062 173 22,652 28,142 -5,490 115,673 113,486 114,131

 Military Advances 5,049 4,050 999 25,061 22,977 2,084 ...... ...... ......

 Military Retirement 7,954 6,544 1,410 208,607 32,851 175,755 1,366,845 1,584,709 1,585,977

 Railroad Retirement 1,293 1,379 -86 6,045 7,770 -1,726 2,612 2,629 2,571

 Unemployment 370 3,480 -3,110 15,115 20,765 -5,650 81,846 79,648 76,527

 Veterans Life Insurance 10 46 -35 25 217 -191 1,638 1,481 1,444

 All Other Trust 645 -73 718 4,634 2,856 1,778 38,013 39,167 39,961

 Total Trust Fund Receipts and Outlays and Investments

 Held from Table 6-D 224,494 234,841 -10,347 1,522,943 1,372,584 150,358 5,942,581 6,149,546 6,137,290

 Less: Interfund Transactions 79,378 79,378 ...... 689,385 689,385 ...... ...... ...... ......

 Trust Fund Receipts and Outlays on the Basis of

 Tables 4 & 5 145,115 155,462 -10,347 833,558 683,199 150,358

Total Federal Fund Receipts and Outlays 187,044 413,154 -226,110 1,355,005 2,569,955 -1,214,950

 Less: Interfund Transactions 69 69 ...... 452 452 ......

 Federal Fund Receipts and Outlays on the Basis of

 Table 4 & 5 186,976 413,086 -226,110 1,354,553 2,569,503 -1,214,950

Net Budget Receipts & Outlays 332,091 568,548 -236,457 2,188,111 3,252,702 -1,064,591

Note: Details may not add to totals due to rounding. receipts and outlays since the receipt side of such transactions is offset

Note: Interfund receipts and outlays are transactions between Federal funds and against budget outlays. In this table, Interfund receipts are shown as an

trust funds such as Federal payments and contributions, and interest and profits adjustment to arrive at total receipts and outlays of trust funds respectively.

on investments in Federal securities. They have no net effect on overall budget ... No Transactions

37
Classification This Month Fiscal Year

to Date

Comparable Period

Prior Fiscal Year

Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, March 2024 and Other Periods

[$ millions]

Receipts

 Individual Income Taxes 160,829 1,089,302 1,029,384

 Corporation Income Taxes 14,812 189,277 139,994

 Social Insurance and Retirement Receipts:

 Employment and General Retirement 138,405 784,748 739,870

 Unemployment Insurance 346 13,899 16,415

 Other Retirement 789 3,816 3,343

 Excise Taxes 6,831 42,038 40,115

 Estate and Gift Taxes 1,761 14,820 21,073

 Customs Duties 6,064 37,693 41,225

 Miscellaneous Receipts 2,253 12,519 16,777

 Total 332,091 2,188,111 2,048,196

Net Outlays

 National Defense 70,185 433,176 407,574

 International Affairs 4,245 30,475 34,403

 General Science, Space, and Technology 3,266 20,036 19,821

 Energy 1,132 6,567 -1,287

 Natural Resources and Environment 4,101 26,874 21,613

 Agriculture 1,792 26,329 24,249

 Commerce and Housing Credit -2,118 65,440 33,748

 Transportation 9,406 59,828 55,833

 Community and Regional Development 5,172 26,935 29,567

 Education, Training, Employment, and Social Services 13,373 99,134 143,231

 Health 79,262 448,524 450,747

 Medicare 66,465 390,604 404,735

 Income Security 82,465 355,683 441,513

 Social Security 122,283 714,836 655,000

 Veterans Benefits and Services 29,249 151,546 145,165

 Administration of Justice 6,740 41,049 38,821

 General Government 2,424 12,248 18,201

 Net Interest 79,034 429,422 301,263

 Undistributed Offsetting Receipts -9,928 -86,003 -74,939

 Total 568,548 3,252,702 3,149,258

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

 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).

 Daily Treasury Statement (Available on the internet at

https://fiscaldata.treasury.gov/datasets/daily-treasury-statement/

operating-cash-balance). 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.

 Monthly Statement of the Public Debt of the United States (Available

on the internet at https://fiscaldata.treasury.gov/datasets/

monthly-statement-public-debt/summary-of-treasury-securitiesoutstanding). This publication provides detailed information

concerning the public debt.

 Treasury Bulletin (Available from GPO, Washington, D.C. 20401 on a

subscription or single copy and on the internet at

https://www.fiscal.treasury.gov/reports-statements/treasurybulletin/). Quarterly, contains a mix of narrative, tables, and

charts on Treasury issues, Federal financial operations, international

statistics, and special reports.

 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 https://www.govinfo.gov/app/collection/budget).

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

 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 https://www.fiscal.treasury.gov/reportsstatements/combined-statement/). 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 April 20 Statement

ZLOOEHSP(67May

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