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 2023 Through May 31, 2023, 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

May has been a deficit month 68 times out of 69 fiscal years since there are no 

major corporate or individual tax due dates in this month. 
Figure 1. Receipts, Outlays, and Surplus/Deficit for May 2023

Figure 2. Cumulative Receipts, Outlays, and Surplus/Deficit through Fiscal Year 2023

Receipts by Source: Outlays by Function:

Total Receipts Total Outlays

$548 Billion

Social Insurance & Retirement

Individual Income Taxes 

$307 Billion

$140 Billion

$134 Billion

Corporation Income Taxes 

Deficit

$240 Billion

Estate and Gift Taxes

$14 Billion 

$8 Billion 

Excise Taxes 

Miscellaneous 

$6 Billion 

$3 Billion 

$2 Billion 

Customs Duties

$81 Billion

Medicare

Net Interest 

$116 Billion

National Defense

$72 Billion

Health

$66 Billion

Education

$64 Billion

$26 Billion

$34 Billion

Transportation

Other

Veterans' Benefits and Services

Social Security

Income Security

$61 Billion

$15 Billion

$14 Billion

4

Total Receipts Total Outlays

Receipts by Source: Outlays by Function:

Source data: Table 9

$2,994 Billion $4,159 Billion

Deficit

$1,165 Billion

$54 Billion 

Excise Taxes $52 Billion 

$234 Billion

$26 Billion 

$20 Billion 

Customs Duties

Estate and Gift Taxes

Individual Income Taxes $1,545 Billion

Social Insurance & Retirement $1,063 Billion 

Corporation Income Taxes 

Miscellaneous 

$595 Billion

$531 Billion

Medicare

$886 Billion

Health

$498 Billion

$560 Billion

$171 Billion

$183 Billion

$424 Billion

$78 Billion

Social Security

$233 Billion 

National Defense

Income Security

Net Interest

Veterans' Benefits & Services

Education 

Transportation

Other
5

Period Receipts Outlays Deficit/Surplus (-)

Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government, Fiscal Years 2022 and 2023, by Month

[$ millions]

FY 2022

 October 283,927 448,983 165,055

 November 281,208 472,543 191,335

 December 486,723 508,026 21,303

 January 465,074 346,375

 February 289,857 506,447

 March 315,165 507,799

-118,699

216,590

192,634

 April 863,644 555,429

 May 388,988 455,211

 June 460,757 549,598

 July 269,331 480,383

 August 303,722 523,318

 September 487,723 917,489

-308,215

66,223

88,842

211,052

219,596

429,766

 Year-to-Date 4,896,119 6,271,600 1,375,481

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 313,240 691,317 378,076

 April 638,520 462,340

 May 307,487 547,835

-176,181

240,348

 Year-to-Date 2,994,203 4,159,074 1,164,871

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

(2022)

Budget

Estimates

Next Fiscal

Year (2024) 1

Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, May 2023 and Other Periods

[$ millions]

Total On-Budget and Off-Budget Results:

 Total Receipts 307,487 2,994,203 4,802,483 3,374,587 5,036,384

 On-Budget Receipts 212,879 2,219,748 3,604,388 2,674,648 3,828,230

 Off-Budget Receipts 94,608 774,455 1,198,095 699,939 1,208,154

 Total Outlays 547,835 4,159,074 6,371,827 3,800,813 6,882,738

 On-Budget Outlays 430,380 3,355,232 5,159,771 3,083,985 5,567,203

 Off-Budget Outlays 117,455 803,842 1,212,056 716,828 1,315,535

 Total Surplus (+) or Deficit (-) -240,348 -1,164,871 -1,569,344 -426,226 -1,846,354

 On-Budget Surplus (+) or Deficit (-) -217,501 -1,135,483 -1,555,383 -409,337 -1,738,973

 Off-Budget Surplus (+) or Deficit (-) -22,847 -29,388 -13,961 -16,888 -107,381

 Total On-Budget and Off-Budget Financing 240,348 1,164,871 1,569,344 426,226 1,846,354

Means of Financing:

 Borrowing from the Public 19,085 302,979 1,657,481 1,599,254 1,872,830

 Reduction of Operating Cash, Increase (-) 267,869 587,482 -14,006 -639,080 ......

 By Other Means -46,605 274,410 -74,130 -533,948 -26,476

1 These estimates are based on the FY 2024 Budget, released by the Office of

Management and Budget on March 09, 2023.

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

... No Transactions
6 Source data: Table 1

Receipts Outlays Deficit(-)/Surplus

2022 2023

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

($1,000B)

($600B)

($200B)

$200B

$600B

$1,000B

($600B)

($400B)

($200B)

$0B

$200B

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

2022 and 2023

2022 2023

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

$1,000B

$2,000B

$3,000B

$4,000B

($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 2022 and 2023

Receipts Outlays Deficit(-)/Surplus

$0B

$5,000B
7 Source data: Table 9

$20B$80B$52B

$234B

$1,545B

$1,063B

Fiscal Year 2023 to Date: $2,994B

$2B$10B$8B

$14B

$134B

$140B

Month of May 2023: $307B

Figure 5. Receipts of the U.S. Government, by Source, Fiscal Year 2023

Miscellaneous Receipts

Other

Excise Taxes

Corporation Income Taxes

Individual Income Taxes

Social Insurance and Retirement Receipts

2022 2023

Oct

NovDec

Jan

Feb

Mar

Apr

May

Jun

Jul

AugSep

Oct

NovDec

Jan

Feb

Mar

Apr

May

$0B

$100B

$200B

$300B

$400B

$500B

$600B

$700B

$800B

$900B

Receipt Amount

Figure 6. Monthly Receipts of the U.S. Government, by Source, Fiscal Years 2022 and 2023

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
8

Source data: Table 9

$116B

$72B

$64B

$81B

$66B

$61B

$89B

Month of May 2023: $548B

$886B

$498B

$560B

$595B

$531B

$424B

$665B

Fiscal Year 2023 to Date: $4,159B

Figure 7. Outlays of the U.S. Government, by Source, Fiscal Year 2023

Social Security Income Security National Defense

Net Interest

Other

Medicare Health

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

Figure 8. Monthly Outlays of the U.S. Government, by Source, Fiscal Years 2022 and 2023

2022 2023

Oct

NovDec

Jan

Feb

Mar

Apr

May

Jun

Jul

AugSep

Oct

NovDec

Jan

Feb

Mar

Apr

May

$0B

$100B

$200B

$300B

$400B

$500B

$600B

$700B

$800B

$900B

$1,000B

$1,100B

Outlay Amount

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
Classification This

Month

Current

Fiscal Year

to Date

Comparable

Prior Period

Year to Date

Budget

Estimates

Full Fiscal

Year 1

Table 3. Summary of Receipts and Outlays of the U.S. Government, May 2023 and Other Periods

[$ millions]

Budget Receipts

 Individual Income Taxes 134,184 1,544,506 1,934,657 2,327,860

 Corporation Income Taxes 13,790 234,364 223,498 545,999

 Social Insurance and Retirement Receipts:

 Employment and General Retirement (Off-Budget) 94,608 774,455 699,939 1,198,095

 Employment and General Retirement (On-Budget) 27,474 244,066 222,247 414,931

 Unemployment Insurance 17,506 40,069 52,583 55,268

 Other Retirement 622 4,493 4,179 6,942

 Excise Taxes 8,195 51,647 53,384 91,453

 Estate and Gift Taxes 3,142 26,174 21,633 20,899

 Customs Duties 6,373 53,948 65,817 101,656

 Miscellaneous Receipts 1,593 20,481 96,650 39,380

 Total Receipts 307,487 2,994,203 3,374,587 4,802,483

 (On-Budget) 212,879 2,219,748 2,674,648 3,604,388

 (Off-Budget) 94,608 774,455 699,939 1,198,095

Budget Outlays

 Legislative Branch 614 4,408 3,842 7,289

 Judicial Branch 785 5,913 5,677 9,101

 Department of Agriculture 16,482 164,484 167,952 260,599

 Department of Commerce 1,193 7,827 8,357 15,843

 Department of Defense--Military Programs 61,809 501,550 470,865 771,250

 Department of Education 12,049 145,789 97,784 226,204

 Department of Energy 3,042 21,657 18,729 43,186

 Department of Health and Human Services 151,882 1,082,803 1,054,754 1,700,686

 Department of Homeland Security 8,006 59,485 54,332 100,003

 Department of Housing and Urban Development 208 35,099 36,193 61,657

 Department of the Interior 1,363 9,243 8,277 23,844

 Department of Justice 4,445 30,684 26,083 49,571

 Department of Labor 5,633 69,173 40,154 99,474

 Department of State 3,202 19,765 20,507 34,666

 Department of Transportation 11,681 66,750 70,666 115,023

 Department of the Treasury:

 Interest on Treasury Debt Securities (Gross) 69,650 529,906 423,100 897,717

 Other 20,217 198,101 346,411 199,812

 Department of Veterans Affairs 25,728 182,618 173,109 304,529

 Corps of Engineers 832 5,930 5,641 8,286

 Other Defense Civil Programs 5,616 39,564 35,171 70,479

 Environmental Protection Agency 961 6,576 6,004 20,265

 Executive Office of the President 49 346 299 672

 General Services Administration 223 -372 -805 2,339

 International Assistance Programs 5,355 27,845 19,611 44,662

 National Aeronautics and Space Administration 2,083 16,332 14,757 24,864

 National Science Foundation 661 5,225 4,774 9,311

 Office of Personnel Management 10,477 81,541 75,399 122,978

 Small Business Administration 178 25,221 23,321 27,376

 Social Security Administration 120,840 922,018 839,061 1,414,968

 Independent Agencies 19,643 81,066 24,248 34,433

 Southwest Border Regional Commission (**) (**) ......

 Allowances ...... ...... ...... -17,770

 Undistributed Offsetting Receipts:

 Interest -6,830 -93,356 -97,928 -177,107

 Other -10,243 -94,118 -175,532 -134,383

 Total Outlays 547,835 4,159,074 3,800,813 6,371,827

 (On-Budget) 430,380 3,355,232 3,083,985 5,159,771

 (Off-Budget) 117,455 803,842 716,828 1,212,056

 Surplus (+) or Deficit (-) -240,348 -1,164,871 -426,226 -1,569,344

 (On-Budget) -217,501 -1,135,483 -409,337 -1,555,383

 (Off-Budget) -22,847 -29,388 -16,888 -13,961

1 These estimates are based on the FY 2024 Budget, released by the Office of ... No Transactions

Management and Budget on March 09, 2023. (**) Less than absolute value of $500,000

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

9
This Month

Receipts Gross

Receipts

Refunds

(Deduct) Receipts

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Receipts

Refunds

(Deduct) Receipts GrossReceipts

Refunds

(Deduct)

Table 4. Receipts of the U.S. Government, May 2023 and Other Periods

[$ millions]

Individual Income Taxes

 Withheld 136,840 1,220,227 1,248,104

 Presidential Election Campaign Fund 2 21 21

 Other 36,863 629,541 887,022

 Total -- Individual Income Taxes 173,705 39,521 134,184 1,849,788 305,282 1,544,506 2,135,147 200,490 1,934,657

Corporation Income Taxes 17,407 3,618 13,790 261,238 26,873 234,364 258,526 35,029 223,498

Social Insurance and Retirement Receipts:

 Employment and General Retirement:

 Federal Old-Age and Survivors Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 79,927 ...... 79,927 622,273 ...... 622,273 564,052 ...... 564,052

 Self-Employment Contributions Act Taxes 947 ...... 947 31,481 ...... 31,481 31,207 ...... 31,207

 Adjustments Attributable to Prior Years-FICA ...... ...... ...... 10,214 ...... 10,214 2,565 ...... 2,565

 Adjustments Attrbutable to Prior Years-SECA ...... ...... ...... -1,948 ...... -1,948 492 ...... 492

 Total -- Federal Old-Age and Survivors Insurance Trust Fund 80,874 ...... 80,874 662,019 ...... 662,019 598,317 ...... 598,317

 Federal Disability Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 13,573 ...... 13,573 105,670 ...... 105,670 95,784 ...... 95,784

 Self-Employment Contributions Act Taxes 161 ...... 161 5,346 ...... 5,346 5,300 ...... 5,300

 Adjustments Attributable to Prior Years-FICA ...... ...... ...... 1,731 ...... 1,731 429 ...... 429

 Adjustments Attributable to Prior Years-SECA ...... ...... ...... -312 ...... -312 110 ...... 110

 Total -- Federal Disability Insurance Trust Fund 13,734 ...... 13,734 112,435 ...... 112,435 101,623 ...... 101,623

 Federal Hospital Insurance Trust Fund:

 Federal Insurance Contributions Act Taxes 26,476 ...... 26,476 222,872 ...... 222,872 203,067 ...... 203,067

 Self-Employment Contributions Act Taxes 411 ...... 411 14,037 ...... 14,037 14,072 ...... 14,072

 Adjustments Attributable to Prior Years-FICA ...... ...... ...... 2,515 ...... 2,515 863 ...... 863

 Adjustments Attributable to Prior Years-SECA ...... ...... ...... -373 ...... -373 61 ...... 61

 Total -- Federal Hospital Insurance Trust Fund 26,887 ...... 26,887 239,050 ...... 239,050 218,063 ...... 218,063

 Railroad Retirement:

 Rail Pension and Supplemental Annuity 332 2 330 2,552 11 2,540 2,197 1 2,196

 Social Security Equivalent Account 258 1 257 2,480 5 2,475 1,989 1 1,988

 Total -- Employment and General Retirement 122,085 3 122,082 1,018,537 17 1,018,520 922,188 2 922,186

 Unemployment Insurance:

 Deposits by States 14,381 ...... 14,381 32,876 ...... 32,876 46,370 ...... 46,370

 Federal Unemployment Taxes 3,127 11 3,116 7,012 80 6,933 6,095 64 6,031

 Railroad Unemployment Taxes 8 ...... 8 260 ...... 260 183 ...... 183

 Total -- Unemployment Insurance 17,516 11 17,506 40,149 80 40,069 52,648 64 52,583

 Other Retirement:

 Federal Employees' Retirement--Employee Share 621 ...... 621 4,479 ...... 4,479 4,163 ...... 4,163

 Non-Federal Employees Retirement 1 ...... 1 14 ...... 14 16 ...... 16

 Total -- Other Retirement 622 ...... 622 4,493 ...... 4,493 4,179 ...... 4,179

 Total -- Social Insurance and Retirement Receipts 140,223 14 140,210 1,063,178 97 1,063,082 979,015 66 978,949

Excise Taxes:

 Miscellaneous Excise Taxes 2,225 46 2,179 20,386 8,123 12,263 23,746 3,630 20,116

 Airport and Airway Trust Fund 3,393 34 3,359 15,928 45 15,884 4,621 16 4,605

 Highway Trust Fund 2,675 45 2,630 23,569 250 23,319 28,807 248 28,558

 Black Lung Disability Trust Fund 27 ...... 27 181 ...... 181 105 ...... 105

 Total -- Excise Taxes 8,320 125 8,195 60,065 8,418 51,647 57,279 3,895 53,384

Estate and Gift Taxes 3,187 45 3,142 27,392 1,218 26,174 22,236 603 21,633

Customs Duties 6,720 347 6,373 58,243 4,295 53,948 69,569 3,752 65,817

Miscellaneous Receipts:

 Deposit of Earnings, Federal Reserve System (**) ...... (**) 556 ...... 556 82,743 ...... 82,743

 Universal Service Fund 621 ...... 621 5,276 ...... 5,276 5,354 ...... 5,354

 All Other 977 5 972 14,664 15 14,650 8,560 7 8,553

 Total -- Miscellaneous Receipts 1,598 5 1,593 20,496 15 20,481 96,658 7 96,650

Total -- Receipts 351,162 43,675 307,487 3,340,401 346,198 2,994,203 3,618,429 243,842 3,374,587

 Total -- On-Budget 256,554 43,675 212,879 2,565,946 346,198 2,219,748 2,918,489 243,842 2,674,648

 Total -- Off-Budget 94,608 ...... 94,608 774,455 ...... 774,455 699,939 ...... 699,939

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

... No Transactions

10
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods

[$ millions]

Legislative Branch:

 Senate 94 (**) 94 760 1 758 702 5 697

 House of Representatives 144 (**) 144 1,236 2 1,233 1,094 2 1,092

 Joint Items 2 ...... 2 14 ...... 14 17 ...... 17

 Capitol Police 76 ...... 76 433 ...... 433 357 ...... 357

 Congressional Budget Office 7 ...... 7 44 ...... 44 40 ...... 40

 Architect of the Capitol 67 1 66 743 4 739 499 (**) 499

 Library of Congress 101 1 100 556 6 550 529 5 524

 Government Publishing Office 22 ...... 22 43 ...... 43 90 ...... 90

 Government Accountability Office 93 ...... 93 538 ...... 538 481 ...... 481

 United States Tax Court 5 ...... 5 38 ...... 38 38 ...... 38

 Other Legislative Branch Agencies 8 ...... 8 48 ...... 48 40 ...... 40

 Proprietary Receipts from the Public ...... 2 -2 ...... 26 -26 ...... 28 -28

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

 Total--Legislative Branch 618 4 614 4,447 40 4,408 3,883 40 3,842

Judicial Branch:

 Supreme Court of the United States 10 ...... 10 81 ...... 81 79 ...... 79

 Courts of Appeals, District Courts, and Other Judicial

 Services 728 ...... 728 6,257 ...... 6,257 5,977 ...... 5,977

 Other 34 ...... 34 514 ...... 514 536 ...... 536

 Proprietary Receipts from the Public ...... 29 -29 ...... 113 -113 ...... 117 -117

 Intrabudgetary Transactions 43 ...... 43 -826 ...... -826 -798 ...... -798

 Total--Judicial Branch 814 29 785 6,026 113 5,913 5,794 117 5,677

Department of Agriculture:

 Agricultural Research Service 192 ...... 192 1,165 ...... 1,165 1,069 ...... 1,069

 National Institute of Food and Agriculture:

 Research and Education Activities 83 ...... 83 573 ...... 573 510 ...... 510

 Extension Activities 52 ...... 52 378 ...... 378 346 ...... 346

 Other 10 ...... 10 94 ...... 94 95 ...... 95

 Animal and Plant Health Inspection Service 175 ...... 175 1,271 ...... 1,271 1,169 ...... 1,169

 Food Safety and Inspection Service 137 ...... 137 816 ...... 816 758 ...... 758

 Agricultural Marketing Service 186 ...... 186 1,404 ...... 1,404 1,284 ...... 1,284

 Risk Management Agency:

 Administrative and Operating Expenses 8 ...... 8 47 ...... 47 47 ...... 47

 Federal Crop Insurance Corporation Fund 601 60 542 17,887 5,518 12,369 11,031 4,376 6,655

 Farm Service Agency:

 Salaries and Expenses 158 ...... 158 656 ...... 656 620 ...... 620

 USDA Supplemental Assistance 2 ...... 2 2 ...... 2 2 ...... 2

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

 Commodity Credit Corporation 525 638 -113 10,458 3,458 7,000 11,336 3,985 7,352

 Tobacco Trust Fund 1 ...... 1 10 ...... 10 (**) ...... (**)

 Agricultural Credit Insurance Fund 62 -6 68 1,532 128 1,404 319 21 298

 Other 115 ...... 115 226 ...... 226 93 ...... 93

 Total--Farm Service Agency 865 632 233 12,885 3,587 9,299 12,369 4,006 8,363

 Natural Resources Conservation Service:

 Conservation Operations 63 ...... 63 537 ...... 537 521 ...... 521

 Farm Security and Rural Investment Programs 265 ...... 265 2,359 ...... 2,359 2,351 ...... 2,351

 Other 28 ...... 28 268 ...... 268 168 ...... 168

 Rural Development 68 ...... 68 58 ...... 58 178 ...... 178

 Rural Housing Service:

 Rural Housing Insurance Fund -5 34 -39 446 251 195 326 242 84

 Rental Assistance Program 127 ...... 127 937 ...... 937 891 ...... 891

 Other 42 ...... 42 203 ...... 203 145 ...... 145

 Rural Utilities Service:

 Rural Electrification and Telecommunications Fund 2 (**) 2 287 31 257 460 159 301

 Other 81 2 79 556 15 540 501 30 471

 Foreign Agricultural Service 249 ...... 249 1,626 ...... 1,626 1,627 ...... 1,627

 Food and Nutrition Service:

 Supplemental Nutrition Assistance Program 10,118 ...... 10,118 96,986 ...... 96,986 101,879 ...... 101,879

 Child Nutrition Programs 3,075 ...... 3,075 22,307 ...... 22,307 28,229 ...... 28,229

 Special Supplemental Nutrition Program for Women,

 Infants, and Children (WIC) 616 ...... 616 4,576 ...... 4,576 3,607 ...... 3,607

 Other 69 ...... 69 486 ...... 486 679 ...... 679

 Total--Food and Nutrition Service 13,878 ...... 13,878 124,355 ...... 124,355 134,394 ...... 134,394

11
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

Department of Agriculture: - Continued

 Forest Service:

 National Forest System 251 ...... 251 1,503 ...... 1,503 1,231 ...... 1,231

 Capital Improvement and Maintenance 12 ...... 12 112 ...... 112 101 ...... 101

 Wildland Fire Management 230 ...... 230 1,975 ...... 1,975 2,107 ...... 2,107

 Forest Service Permanent Appropriations 16 ...... 16 347 ...... 347 353 ...... 353

 Other 238 ...... 238 1,351 ...... 1,351 1,112 ...... 1,112

 Total--Forest Service 747 ...... 747 5,288 ...... 5,288 4,904 ...... 4,904

 Other 359 3 356 2,543 49 2,494 3,748 52 3,696

 Proprietary Receipts from the Public (**) 65 -65 (**) 1,145 -1,145 (**) 1,219 -1,219

 Intrabudgetary Transactions -935 ...... -935 -902 ...... -902 -855 ...... -855

 Total--Department of Agriculture 17,278 796 16,482 175,079 10,595 164,484 178,035 10,083 167,952

Department of Commerce:

 Economic Development Administration 77 ...... 77 563 ...... 563 611 ...... 611

 Bureau of the Census 197 ...... 197 1,117 ...... 1,117 1,214 ...... 1,214

 International Trade Administration 42 ...... 42 310 ...... 310 345 ...... 345

 National Oceanic and Atmospheric Administration 441 3 438 4,157 32 4,125 4,103 5 4,098

 National Institute of Standards and Technology 134 ...... 134 930 ...... 930 835 ...... 835

 National Telecommunications and Information Administration 32 ...... 32 315 (**) 315 1,080 (**) 1,080

 Other 122 5 117 440 46 394 213 36 177

 Proprietary Receipts from the Public ...... -156 156 ...... -71 71 ...... -1 1

 Intrabudgetary Transactions 1 ...... 1 5 ...... 5 -1 ...... -1

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

 Total--Department of Commerce 1,046 -147 1,193 7,837 10 7,827 8,400 42 8,357

Department of Defense--Military Programs:

 Military Personnel:

 Department of the Army 4,740 ...... 4,740 44,013 ...... 44,013 43,525 ...... 43,525

 Department of the Navy 4,641 ...... 4,641 37,824 ...... 37,824 37,639 ...... 37,639

 Department of the Air Force 3,671 ...... 3,671 29,184 ...... 29,184 29,423 ...... 29,423

 Defense Agencies ...... ...... ...... 10,612 ...... 10,612 10,569 ...... 10,569

 Total--Military Personnel 13,053 ...... 13,053 121,634 ...... 121,634 121,157 ...... 121,157

 Operation and Maintenance:

 Department of the Army 6,268 ...... 6,268 46,084 ...... 46,084 42,915 ...... 42,915

 Department of the Navy 6,499 ...... 6,499 49,114 ...... 49,114 45,061 ...... 45,061

 Department of the Air Force 6,372 ...... 6,372 46,159 ...... 46,159 42,103 ...... 42,103

 Defense Agencies 9,497 ...... 9,497 62,374 4 62,370 55,661 (**) 55,661

 Total--Operation and Maintenance 28,636 ...... 28,636 203,731 4 203,727 185,740 (**) 185,740

 Procurement:

 Department of the Army 1,940 ...... 1,940 15,666 ...... 15,666 15,231 ...... 15,231

 Department of the Navy 5,029 ...... 5,029 39,115 ...... 39,115 36,800 ...... 36,800

 Department of the Air Force 3,741 ...... 3,741 30,571 ...... 30,571 30,837 ...... 30,837

 Defense Agencies 502 ...... 502 4,871 ...... 4,871 5,820 ...... 5,820

 Total--Procurement 11,212 ...... 11,212 90,224 ...... 90,224 88,687 ...... 88,687

 Research, Development, Test, and Evaluation:

 Department of the Army -657 ...... -657 7,945 ...... 7,945 9,184 ...... 9,184

 Department of the Navy 1,846 ...... 1,846 14,695 ...... 14,695 13,219 ...... 13,219

 Department of the Air Force 4,421 ...... 4,421 35,259 ...... 35,259 29,475 ...... 29,475

 Defense Agencies 2,851 ...... 2,851 19,692 ...... 19,692 16,568 ...... 16,568

 Total--Research, Development, Test, and Evaluation 8,462 ...... 8,462 77,591 ...... 77,591 68,447 ...... 68,447

 Military Construction:

 Department of the Army 207 ...... 207 1,214 ...... 1,214 1,183 ...... 1,183

 Department of the Navy 314 ...... 314 2,508 ...... 2,508 2,281 ...... 2,281

 Department of the Air Force 252 ...... 252 1,598 ...... 1,598 1,128 ...... 1,128

 Defense Agencies 230 ...... 230 1,674 ...... 1,674 1,751 ...... 1,751

 Total--Military Construction 1,003 ...... 1,003 6,993 ...... 6,993 6,343 ...... 6,343

 Family Housing:

 Department of the Army 47 ...... 47 302 ...... 302 329 ...... 329

 Department of the Navy 31 ...... 31 261 ...... 261 297 ...... 297

 Department of the Air Force 36 ...... 36 300 ...... 300 224 ...... 224

 Defense Agencies 4 ...... 4 36 ...... 36 50 ...... 50

 Revolving and Management Funds:

 Department of the Navy (**) ...... (**) 13 ...... 13 41 ...... 41

 Defense Agencies:

12
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

Department of Defense--Military Programs: - Continued

 Working Capital Fund -637 ...... -637 1,123 ...... 1,123 104 ...... 104

 Other -25 ...... -25 -12 ...... -12 -96 ...... -96

 Trust Funds:

 Department of the Army 1 ...... 1 11 ...... 11 -1 ...... -1

 Department of the Navy 3 ...... 3 19 ...... 19 21 ...... 21

 Department of the Air Force (**) ...... (**) 5 ...... 5 3 ...... 3

 Defense Agencies 37 ...... 37 289 ...... 289 370 ...... 370

 Proprietary Receipts from the Public:

 Department of the Army ...... 43 -43 ...... 148 -148 ...... -215 215

 Department of the Navy ...... 2 -2 ...... 79 -79 ...... 112 -112

 Department of the Air Force ...... 8 -8 ...... 77 -77 ...... 59 -59

 Defense Agencies ...... 44 -44 ...... 788 -788 ...... 720 -720

 Intrabudgetary Transactions:

 Department of the Army 3 ...... 3 -37 ...... -37 -9 ...... -9

 Department of the Navy -2 ...... -2 -51 ...... -51 -46 ...... -46

 Department of the Air Force -6 ...... -6 231 ...... 231 -168 ...... -168

 Defense Agencies 47 ...... 47 -16 ...... -16 46 ...... 46

 Offsetting Governmental Receipts:

 Department of the Army ...... ...... ...... ...... 1 -1 ...... 1 -1

 Defense Agencies ...... ...... ...... ...... 1 -1 ...... (**) (**)

 Total--Department of Defense--Military Programs 61,905 97 61,809 502,647 1,098 501,550 471,542 677 470,865

Department of Education:

 Office of Elementary and Secondary Education:

 Accelerating Achievement and Ensuring Equity 2,042 ...... 2,042 12,323 ...... 12,323 10,466 ...... 10,466

 Impact Aid 244 ...... 244 1,512 ...... 1,512 1,267 ...... 1,267

 Education Improvement Programs 458 ...... 458 3,751 ...... 3,751 3,402 ...... 3,402

 Other 5,197 ...... 5,197 43,064 ...... 43,064 53,934 ...... 53,934

 Total--Office of Elementary and Secondary Education 7,941 ...... 7,941 60,650 ...... 60,650 69,069 ...... 69,069

 Office of Innovation and Improvement 70 ...... 70 594 ...... 594 499 ...... 499

 Office of English Language Acquisition 64 ...... 64 558 ...... 558 534 ...... 534

 Office of Special Education and Rehabilitative Services:

 Special Education 1,496 ...... 1,496 10,222 ...... 10,222 9,600 ...... 9,600

 Rehabilitation Services and Disability Research 328 ...... 328 2,288 ...... 2,288 2,040 ...... 2,040

 Special Institutions for Persons with Disabilities 32 ...... 32 210 ...... 210 197 ...... 197

 Office of Vocational and Adult Education 204 ...... 204 1,325 ...... 1,325 1,216 ...... 1,216

 Office of Postsecondary Education:

 Higher Education 247 ...... 247 1,833 ...... 1,833 1,563 ...... 1,563

 Other (**) ...... (**) 200 (**) 199 178 1 176

 Total--Office of Postsecondary Education 246 ...... 246 2,033 (**) 2,033 1,741 1 1,739

 Office of Federal Student Aid:

 Student Financial Assistance 1,284 ...... 1,284 18,207 ...... 18,207 17,145 ...... 17,145

 Student Aid Administration 226 ...... 226 1,486 ...... 1,486 1,341 ...... 1,341

 Federal Direct Student Loans ...... ...... ...... 46,377 ...... 46,377 6,488 ...... 6,488

 Federal Family Education Loans 2 ...... 2 2,643 ...... 2,643 770 ...... 770

 Other ...... ...... ...... 29 1 28 24 1 22

 Total--Office of Federal Student Aid 1,512 ...... 1,512 68,742 1 68,741 25,769 1 25,768

 Institute of Education Sciences 73 ...... 73 460 ...... 460 415 ...... 415

 Departmental Management 73 ...... 73 455 ...... 455 429 ...... 429

 Other 1 ...... 1 26 ...... 26 66 ...... 66

 Proprietary Receipts from the Public ...... -17 17 ...... 1,759 -1,759 ...... 13,800 -13,800

 Intrabudgetary Transactions -9 ...... -9 -13 ...... -13 9 ...... 9

 Total--Department of Education 12,032 -17 12,049 147,549 1,760 145,789 111,586 13,803 97,784

Department of Energy:

 National Nuclear Security Administration:

 Naval Reactors 157 ...... 157 991 ...... 991 909 ...... 909

 Weapons Activities 1,402 ...... 1,402 10,947 ...... 10,947 8,712 ...... 8,712

 Defense Nuclear Nonproliferation 213 ...... 213 1,571 ...... 1,571 1,362 ...... 1,362

 Other 40 ...... 40 327 ...... 327 296 ...... 296

 Environmental and Other Defense Activities:

 Defense Environmental Cleanup 564 ...... 564 5,068 ...... 5,068 4,137 ...... 4,137

 Other Defense Activities 125 ...... 125 669 ...... 669 604 ...... 604

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

13
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

Department of Energy: - Continued

 Energy Programs:

 Science 851 ...... 851 5,265 ...... 5,265 4,605 ...... 4,605

 Energy Supply 204 ...... 204 1,518 ...... 1,518 1,353 ...... 1,353

 Energy Efficiency and Renewable Energy 247 ...... 247 1,736 ...... 1,736 1,560 ...... 1,560

 Fossil Energy Research and Development 61 ...... 61 486 ...... 486 481 ...... 481

 Uranium Enrichment Decontamination and Decommissioning

 Fund 91 ...... 91 611 ...... 611 520 ...... 520

 Advanced Technology Vehicles Manufacturing Loan Program 21 ...... 21 65 ...... 65 5 ...... 5

 Title 17 Innovative Technology Loan Guarantee Program 6 ...... 6 33 ...... 33 48 ...... 48

 Other 169 194 -24 -4,827 361 -5,188 940 122 818

 Total--Energy Programs 1,649 194 1,455 4,887 361 4,526 9,513 122 9,391

 Power Marketing Administration 601 328 273 3,727 3,100 627 2,779 2,936 -158

 Departmental Administration 40 ...... 40 229 ...... 229 193 ...... 193

 Proprietary Receipts from the Public ...... 1,056 -1,056 ...... 1,556 -1,556 ...... 5,574 -5,574

 Intrabudgetary Transactions -171 ...... -171 -1,742 ...... -1,742 -1,145 ...... -1,145

 Total--Department of Energy 4,620 1,578 3,042 26,673 5,017 21,657 27,361 8,633 18,729

Department of Health and Human Services:

 Food and Drug Administration 571 1 570 1,895 6 1,890 2,803 6 2,797

 Health Resources and Services Administration 1,381 ...... 1,381 10,809 ...... 10,809 10,510 ...... 10,510

 Indian Health Service 350 ...... 350 5,633 ...... 5,633 5,288 ...... 5,288

 Centers for Disease Control and Prevention 1,075 ...... 1,075 7,772 ...... 7,772 11,602 ...... 11,602

 National Institutes of Health 3,912 ...... 3,912 29,941 ...... 29,941 26,799 ...... 26,799

 Substance Abuse and Mental Health Services Administration 719 ...... 719 5,349 ...... 5,349 4,653 ...... 4,653

 Agency for Healthcare Research and Quality 29 ...... 29 223 ...... 223 218 ...... 218

 Centers for Medicare and Medicaid Services:

 Grants to States for Medicaid 58,267 ...... 58,267 417,098 ...... 417,098 386,378 ...... 386,378

 Payments to Health Care Trust Funds 38,400 ...... 38,400 321,737 ...... 321,737 311,192 ...... 311,192

 Children's Health Insurance Fund 1,534 ...... 1,534 11,483 ...... 11,483 10,940 ...... 10,940

 State Grants and Demonstrations 32 ...... 32 304 ...... 304 221 ...... 221

 Federal Hospital Insurance Trust Fund:

 Benefit Payments 32,651 ...... 32,651 245,581 ...... 245,581 231,175 ...... 231,175

 Administrative Expenses 335 ...... 335 2,579 ...... 2,579 2,243 ...... 2,243

 Total--Federal Hospital Insurance Trust Fund 32,986 ...... 32,986 248,160 ...... 248,160 233,418 ...... 233,418

 Health Care Fraud and Abuse Control 319 ...... 319 1,528 ...... 1,528 1,459 ...... 1,459

 Federal Supplementary Medical Insurance Trust Fund:

 Benefit Payments 41,623 ...... 41,623 294,494 ...... 294,494 280,558 ...... 280,558

 Administrative Expenses 358 ...... 358 2,810 ...... 2,810 2,679 ...... 2,679

 Medicare Prescription Drugs:

 Benefit Payments 10,129 ...... 10,129 69,085 ...... 69,085 73,434 ...... 73,434

 Total--Federal Supplementary Medical Insurance Trust

 Fund 52,110 ...... 52,110 366,388 ...... 366,388 356,671 ...... 356,671

 Other 118 ...... 118 6,271 ...... 6,271 4,159 ...... 4,159

 Total--Centers for Medicare and Medicaid Services 183,766 ...... 183,766 1,372,968 ...... 1,372,968 1,304,439 ...... 1,304,439

 Administration for Children and Families:

 Temporary Assistance for Needy Families 1,372 ...... 1,372 11,280 ...... 11,280 10,242 ...... 10,242

 Contingency Fund 65 ...... 65 428 ...... 428 398 ...... 398

 Payments to States for Child Support Enforcement and

 Family Support Programs 450 ...... 450 2,739 ...... 2,739 2,380 ...... 2,380

 Low Income Home Energy Assistance 587 ...... 587 4,407 ...... 4,407 4,831 ...... 4,831

 Refugee and Entrant Assistance 549 ...... 549 4,766 ...... 4,766 3,996 ...... 3,996

 Child Care Entitlement to States 329 ...... 329 2,242 ...... 2,242 1,884 ...... 1,884

 Payments to States for the Child Care and Development

 Block Grant 1,635 ...... 1,635 14,372 ...... 14,372 14,991 ...... 14,991

 Social Services Block Grant 158 ...... 158 1,103 ...... 1,103 936 ...... 936

 Children and Families Services Programs 1,412 ...... 1,412 9,937 ...... 9,937 9,119 ...... 9,119

 Payments to States for Foster Care and Adoption

 Assistance 1,022 ...... 1,022 6,759 ...... 6,759 6,127 ...... 6,127

 Other 77 ...... 77 425 ...... 425 392 ...... 392

 Total--Administration for Children and Families 7,656 ...... 7,656 58,459 ...... 58,459 55,297 ...... 55,297

 Administration for Community Living 296 ...... 296 1,956 ...... 1,956 1,773 ...... 1,773

 Departmental Management 3,765 ...... 3,765 28,061 ...... 28,061 75,044 ...... 75,044

 Other 25 ...... 25 666 ...... 666 539 ...... 539

14
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

Department of Health and Human Services: - Continued

 Proprietary Receipts from the Public ...... 13,351 -13,351 ...... 118,082 -118,082 ...... 132,488 -132,488

 Intrabudgetary Transactions:

 Payments for Health Insurance for the Aged:

 Federal Supplementary Medical Insurance Trust Fund -37,249 ...... -37,249 -298,688 ...... -298,688 -289,225 ...... -289,225

 Payments for Tax and Other Credits:

 Federal Hospital Insurance Trust Fund -1,152 ...... -1,152 -23,053 ...... -23,053 -21,975 ...... -21,975

 Other 89 ...... 89 -1,100 ...... -1,100 -516 ...... -516

 Total--Department of Health and Human Services 165,233 13,351 151,882 1,200,891 118,087 1,082,803 1,187,248 132,495 1,054,754

Department of Homeland Security:

 Departmental Management and Operations 237 ...... 237 1,534 ...... 1,534 1,396 ...... 1,396

 Citizenship and Immigration Services 560 ...... 560 3,348 ...... 3,348 2,830 ...... 2,830

 United States Secret Service 296 ...... 296 1,832 ...... 1,832 1,832 ...... 1,832

 Transportation Security Administration 570 ...... 570 4,876 ...... 4,876 4,771 ...... 4,771

 Immigration and Customs Enforcement 899 ...... 899 6,218 ...... 6,218 6,002 ...... 6,002

 U.S. Customs and Border Protection 2,046 3 2,044 13,176 25 13,151 11,882 19 11,863

 United States Coast Guard 1,600 ...... 1,600 7,327 ...... 7,327 5,339 ...... 5,339

 National Protection and Programs Directorate 266 ...... 266 1,732 ...... 1,732 1,273 ...... 1,273

 Federal Emergency Management Agency:

 State and Local Programs ...... ...... ...... ...... ...... ...... 6 ...... 6

 Firefighter Assistance Grants ...... ...... ...... ...... ...... ...... 9 ...... 9

 Disaster Relief 2,931 ...... 2,931 22,430 ...... 22,430 23,167 ...... 23,167

 National Flood Insurance Fund 310 168 142 4,740 863 3,877 1,666 1,152 515

 Other 127 ...... 127 875 ...... 875 824 ...... 824

 Total--Federal Emergency Management Agency 3,368 168 3,200 28,045 863 27,182 25,671 1,152 24,520

 Science and Technology 75 ...... 75 532 ...... 532 494 ...... 494

 Domestic Nuclear Detection Office 40 ...... 40 296 ...... 296 246 ...... 246

 Other 56 ...... 56 396 ...... 396 399 ...... 399

 Proprietary Receipts from the Public ...... 272 -272 ...... 700 -700 ...... -271 271

 Intrabudgetary Transactions -362 ...... -362 762 ...... 762 1,817 ...... 1,817

 Offsetting Governmental Receipts ...... 1,203 -1,203 ...... 9,001 -9,001 ...... 8,722 -8,722

 Total--Department of Homeland Security 9,652 1,646 8,006 70,074 10,589 59,485 63,953 9,621 54,332

Department of Housing and Urban Development:

 Public and Indian Housing Programs:

 Tenant Based Rental Assistance 2,695 ...... 2,695 19,113 ...... 19,113 17,550 ...... 17,550

 Housing Certificate Fund 2 ...... 2 3 ...... 3 9 ...... 9

 Public Housing Capital Fund 76 ...... 76 698 ...... 698 1,071 ...... 1,071

 Public Housing Operating Fund 558 ...... 558 4,763 ...... 4,763 3,925 ...... 3,925

 Revitalization of Severely Distressed Public Housing

 (Hope VI) ...... ...... ...... 1 ...... 1 2 ...... 2

 Native American Housing Block Grant 129 ...... 129 678 ...... 678 468 ...... 468

 Other 23 ...... 23 143 ...... 143 122 ...... 122

 Total--Public and Indian Housing Programs 3,483 ...... 3,483 25,399 ...... 25,399 23,147 ...... 23,147

 Community Planning and Development:

 Housing Opportunities for Persons with AIDS 37 ...... 37 242 ...... 242 227 ...... 227

 Community Development Fund 812 ...... 812 5,681 ...... 5,681 5,009 ...... 5,009

 Home Investment Partnership Program 94 ...... 94 639 ...... 639 547 ...... 547

 Neighborhood Stabilization Program 1 ...... 1 3 ...... 3 9 ...... 9

 Homeless Assistance Grants 297 ...... 297 2,306 ...... 2,306 2,757 ...... 2,757

 Other 24 ...... 24 223 ...... 223 164 ...... 164

 Total--Community Planning and Development 1,266 ...... 1,266 9,093 ...... 9,093 8,713 ...... 8,713

 Housing Programs:

 Credit Accounts:

 FHA-Mutual Mortgage Insurance Fund, Program Account 1,828 ...... 1,828 1,917 ...... 1,917 88 ...... 88

 FHA-Mutual Mortgage Insurance Capital Reserve Account -6,121 ...... -6,121 -10,524 ...... -10,524 -5,775 ...... -5,775

 FHA-Mutual Mortgage and Cooperative Housing Insurance

 Fund, Liquidating Account (**) 1 -1 1 3 -2 3 5 -2

 FHA-General and Special Risk Fund, Program Account 694 ...... 694 694 ...... 694 ...... ...... ......

 FHA-General and Special Risk Fund, Liquidating Account 4 7 -3 58 110 -52 76 222 -146

 Housing for the Elderly or Handicapped Fund,

 Liquidating Account (**) 9 -9 1 73 -72 3 82 -79

 HUD Project-Based Rental Assistance 1,235 ...... 1,235 9,572 ...... 9,572 9,231 ...... 9,231

 Housing for the Elderly 75 ...... 75 603 ...... 603 526 ...... 526

15
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

Department of Housing and Urban Development: - Continued

 Housing for Persons with Disabilities 19 ...... 19 146 ...... 146 146 ...... 146

 Other Assisted Housing Programs 3 ...... 3 28 ...... 28 34 ...... 34

 Other 4 2 2 38 18 20 24 13 11

 Total--Housing Programs -2,258 19 -2,277 2,535 203 2,332 4,356 322 4,034

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities -866 1 -867 -1,148 4 -1,152 69 (**) 69

 Management and Administration 225 ...... 225 1,421 ...... 1,421 1,370 ...... 1,370

 Other 32 ...... 32 224 ...... 224 144 ...... 144

 Proprietary Receipts from the Public:

 FHA-General and Special Risk Fund ...... 1,637 -1,637 ...... 1,835 -1,835 ...... 457 -457

 Other ...... 15 -15 ...... 371 -371 ...... 811 -811

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

 Offsetting Governmental Receipts ...... 1 -1 ...... 9 -9 ...... 12 -12

 Total--Department of Housing and Urban Development 1,880 1,673 208 37,522 2,423 35,099 37,796 1,603 36,193

Department of the Interior:

 Land and Minerals Management:

 Bureau of Land Management:

 Management of Lands and Resources 133 ...... 133 880 ...... 880 833 ...... 833

 Other 18 6 13 270 52 218 300 38 262

 Bureau of Ocean Energy Management 18 ...... 18 115 ...... 115 108 ...... 108

 Office of Surface Mining Reclamation and Enforcement 30 ...... 30 596 ...... 596 622 ...... 622

 Total--Land and Minerals Management 200 6 194 1,860 52 1,809 1,864 38 1,826

 Water and Science:

 Bureau of Reclamation:

 Water and Related Resources 221 ...... 221 1,130 ...... 1,130 806 ...... 806

 Other 33 16 18 393 168 225 317 142 175

 Central Utah Project 1 ...... 1 25 ...... 25 56 ...... 56

 United States Geological Survey 157 ...... 157 1,007 ...... 1,007 854 ...... 854

 Total--Water and Science 412 16 397 2,556 168 2,387 2,033 142 1,891

 Fish and Wildlife and Parks:

 United States Fish and Wildlife Service 354 ...... 354 2,388 ...... 2,388 2,168 ...... 2,168

 National Park Service 375 (**) 375 2,582 1 2,581 2,437 1 2,436

 Total--Fish and Wildlife and Parks 729 (**) 729 4,971 1 4,970 4,605 1 4,604

 Indian Affairs:

 Bureau of Indian Affairs and Bureau of Indian Education 237 (**) 237 2,070 (**) 2,070 3,163 (**) 3,163

 Total--Indian Affairs 237 (**) 237 2,070 (**) 2,070 3,163 (**) 3,163

 Departmental Offices:

 Mineral Leasing and Associated Payments 232 ...... 232 3,153 ...... 3,153 2,361 ...... 2,361

 Other 29 ...... 29 563 ...... 563 459 ...... 459

 Insular Affairs 25 ...... 25 240 ...... 240 252 ...... 252

 Office of the Special Trustee for American Indians 11 ...... 11 74 ...... 74 73 ...... 73

 Department-Wide Programs 176 ...... 176 1,530 ...... 1,530 891 ...... 891

 Total--Departmental Offices 473 ...... 473 5,561 ...... 5,561 4,036 ...... 4,036

 Other 626 ...... 626 1,841 ...... 1,841 1,117 ...... 1,117

 Proprietary Receipts from the Public ...... 1,205 -1,205 ...... 8,765 -8,765 ...... 8,219 -8,219

 Intrabudgetary Transactions -86 ...... -86 -627 4 -631 -142 (**) -142

 Total--Department of the Interior 2,590 1,227 1,363 18,232 8,989 9,243 16,677 8,400 8,277

Department of Justice:

 General Administration 275 ...... 275 1,103 ...... 1,103 1,131 ...... 1,131

 Legal Activities and U.S. Marshals:

 General Legal Activities 277 ...... 277 4,607 ...... 4,607 1,714 ...... 1,714

 United States Attorneys 318 ...... 318 1,722 ...... 1,722 1,632 ...... 1,632

 United States Marshals Service 189 ...... 189 1,092 ...... 1,092 1,021 ...... 1,021

 Assets Forfeiture Fund 116 ...... 116 962 ...... 962 701 ...... 701

 Other 263 ...... 263 1,925 ...... 1,925 1,775 ...... 1,775

 Federal Bureau of Investigation 1,063 ...... 1,063 7,165 ...... 7,165 6,663 ...... 6,663

 Drug Enforcement Administration 321 ...... 321 1,983 ...... 1,983 1,909 ...... 1,909

 Bureau of Alcohol, Tobacco, Firearms, and Explosives 182 ...... 182 1,062 ...... 1,062 975 ...... 975

 Federal Prison System 948 31 917 5,785 252 5,532 5,000 31 4,969

 Office of Justice Programs:

 State and Local Law Enforcement Assistance 120 ...... 120 1,373 ...... 1,373 846 ...... 846

 Community Oriented Policing Services 39 ...... 39 216 ...... 216 138 ...... 138

16
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

Department of Justice: - Continued

 Crime Victims Fund 213 ...... 213 1,558 ...... 1,558 1,812 ...... 1,812

 Other 131 ...... 131 656 ...... 656 710 ...... 710

 Other 83 ...... 83 525 ...... 525 568 ...... 568

 Proprietary Receipts from the Public ...... 26 -26 ...... 118 -118 ...... 83 -83

 Intrabudgetary Transactions 41 ...... 41 -159 ...... -159 117 ...... 117

 Offsetting Governmental Receipts ...... 76 -76 ...... 520 -520 ...... 514 -514

 Total--Department of Justice 4,578 132 4,445 31,574 890 30,684 26,712 629 26,083

Department of Labor:

 Employment and Training Administration:

 Training and Employment Services 348 ...... 348 2,335 ...... 2,335 2,220 ...... 2,220

 Office of Job Corps 170 ...... 170 1,178 ...... 1,178 1,080 ...... 1,080

 Community Service Employment for Older Americans 31 ...... 31 252 ...... 252 259 ...... 259

 Federal Unemployment Benefits and Allowances 13 ...... 13 137 ...... 137 160 ...... 160

 Federal Additional Unemployment Compensation

 Program-Recovery Act 13 ...... 13 168 ...... 168 4,007 ...... 4,007

 State Unemployment Insurance and Employment Service

 Operations -409 ...... -409 -110 ...... -110 551 ...... 551

 Payments to the Unemployment Trust Fund ...... ...... ...... 325 ...... 325 850 ...... 850

 Program Administration 12 ...... 12 81 ...... 81 71 ...... 71

 Unemployment Trust Fund:

 Federal-State Unemployment Insurance:

 State Unemployment Benefits 2,592 ...... 2,592 19,767 ...... 19,767 19,780 ...... 19,780

 State Administrative Expenses 838 ...... 838 3,184 ...... 3,184 3,490 ...... 3,490

 Federal Administrative Expenses 162 ...... 162 426 ...... 426 344 ...... 344

 Other (**) ...... (**) 78 ...... 78 141 ...... 141

 Total--Unemployment Trust Fund 3,593 ...... 3,593 23,455 ...... 23,455 23,754 ...... 23,754

 Other (**) ...... (**) -12 ...... -12 202 ...... 202

 Total--Employment and Training Administration 3,770 ...... 3,770 27,809 ...... 27,809 33,154 ...... 33,154

 Pension Benefit Guaranty Corporation 2,105 847 1,258 44,522 5,921 38,600 11,028 6,773 4,255

 Office of Workers' Compensation Programs:

 Special Benefits 258 ...... 258 -372 ...... -372 -380 ...... -380

 Energy Employees Occupational Illness Compensation Fund 179 ...... 179 1,325 ...... 1,325 1,153 ...... 1,153

 Special Benefits for Disabled Coal Miners 4 ...... 4 29 ...... 29 32 ...... 32

 Black Lung Disability Trust Fund 17 ...... 17 127 ...... 127 125 ...... 125

 Other 35 ...... 35 236 ...... 236 217 ...... 217

 Wage and Hour Division 40 ...... 40 216 ...... 216 199 ...... 199

 Occupational Safety and Health Administration 59 ...... 59 452 ...... 452 399 ...... 399

 Mine Safety and Health Administration 45 ...... 45 256 ...... 256 229 ...... 229

 Bureau of Labor Statistics 65 ...... 65 397 ...... 397 386 ...... 386

 Departmental Management -70 ...... -70 402 ...... 402 424 ...... 424

 Other 38 ...... 38 224 ...... 224 214 ...... 214

 Proprietary Receipts from the Public ...... 1 -1 ...... 6 -6 ...... 18 -18

 Intrabudgetary Transactions -64 ...... -64 -523 ...... -523 -237 ...... -237

 Total--Department of Labor 6,481 848 5,633 75,100 5,927 69,173 46,945 6,791 40,154

Department of State:

 Administration of Foreign Affairs:

 Diplomatic and Consular Programs 871 ...... 871 6,420 ...... 6,420 6,131 ...... 6,131

 Educational and Cultural Exchange Programs 76 ...... 76 537 ...... 537 444 ...... 444

 Embassy Security, Construction, and Maintenance 283 ...... 283 1,064 ...... 1,064 1,610 ...... 1,610

 Payment to Foreign Service Retirement and Disability

 Fund ...... ...... ...... 159 ...... 159 159 ...... 159

 Foreign Service Retirement and Disability Fund 97 ...... 97 755 ...... 755 705 ...... 705

 Other 330 ...... 330 3,282 ...... 3,282 2,865 ...... 2,865

 Total--Administration of Foreign Affairs 1,656 ...... 1,656 12,218 ...... 12,218 11,915 ...... 11,915

 International Organizations and Conferences 84 ...... 84 1,844 ...... 1,844 1,994 ...... 1,994

 Global Health and Child Survival 936 ...... 936 5,116 ...... 5,116 5,574 ...... 5,574

 Migration and Refugee Assistance 873 ...... 873 2,839 ...... 2,839 2,865 ...... 2,865

 International Narcotics Control and Law Enforcement 122 ...... 122 813 ...... 813 753 ...... 753

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

 Other 91 ...... 91 552 ...... 552 466 ...... 466

 Proprietary Receipts from the Public ...... 546 -546 ...... 3,613 -3,613 ...... 2,441 -2,441

 Intrabudgetary Transactions -15 ...... -15 -5 ...... -5 -619 ...... -619

 Total--Department of State 3,748 546 3,202 23,378 3,613 19,765 22,947 2,441 20,507

17
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

Department of Transportation:

 Office of the Secretary 171 ...... 171 938 ...... 938 1,033 ...... 1,033

 Federal Aviation Administration:

 Operations 459 ...... 459 927 ...... 927 1,012 ...... 1,012

 Airport and Airway Trust Fund:

 Grants-In-Aid for Airports 354 ...... 354 2,910 ...... 2,910 3,904 ...... 3,904

 Facilities and Equipment 286 ...... 286 1,996 ...... 1,996 1,960 ...... 1,960

 Research, Engineering, and Development 21 ...... 21 136 ...... 136 125 ...... 125

 Trust Fund Share of FAA Operations 800 ...... 800 7,100 ...... 7,100 6,616 ...... 6,616

 Total--Airport and Airway Trust Fund 1,462 ...... 1,462 12,142 ...... 12,142 12,604 ...... 12,604

 Other 712 14 698 3,022 35 2,986 1,575 20 1,555

 Total--Federal Aviation Administration 2,633 14 2,619 16,091 35 16,056 15,192 20 15,172

 Federal Highway Administration:

 Highway Trust Fund:

 Federal-Aid Highways 3,959 ...... 3,959 26,658 ...... 26,658 23,969 ...... 23,969

 Other (**) ...... (**) 4 ...... 4 29 ...... 29

 Other Programs 475 ...... 475 3,318 ...... 3,318 121,452 ...... 121,452

 Total--Federal Highway Administration 4,434 ...... 4,434 29,980 ...... 29,980 145,450 ...... 145,450

 Federal Motor Carrier Safety Administration 67 ...... 67 559 ...... 559 430 ...... 430

 National Highway Traffic Safety Administration 112 ...... 112 839 ...... 839 726 ...... 726

 Federal Railroad Administration:

 Capital and Debt Service Grants to the National Railroad

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

 Other 1,980 ...... 1,980 3,248 ...... 3,248 1,060 ...... 1,060

 Total--Federal Railroad Administration 1,980 ...... 1,980 3,248 ...... 3,248 1,060 ...... 1,060

 Federal Transit Administration:

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

 Capital Investment Grants 63 ...... 63 1,124 ...... 1,124 1,047 ...... 1,047

 Transit Formula Grants 1,007 ...... 1,007 5,997 ...... 5,997 4,364 ...... 4,364

 Other 1,245 ...... 1,245 7,841 ...... 7,841 19,014 ...... 19,014

 Total--Federal Transit Administration 2,316 ...... 2,316 14,962 ...... 14,962 24,426 ...... 24,426

 Maritime Administration 128 1 127 396 6 390 255 3 252

 Other 44 (**) 44 370 29 341 341 21 319

 Proprietary Receipts from the Public ...... 126 -126 ...... 467 -467 ...... 81 -81

 Intrabudgetary Transactions:

 Payment from the General Fund, Highway Trust Fund ...... ...... ...... ...... ...... ...... -118,000 ...... -118,000

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

 Offsetting Governmental Receipts ...... 63 -63 ...... 94 -94 ...... 121 -121

 Total--Department of Transportation 11,885 204 11,681 67,381 630 66,750 70,911 246 70,666

Department of the Treasury:

 Departmental Offices:

 Exchange Stabilization Fund ...... 175 -175 3 757 -754 37 54 -17

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

 Troubled Asset Relief Program ...... ...... ...... 115 ...... 115 113 ...... 113

 ESF - Economic Stabilization Program 35 ...... 35 1,016 ...... 1,016 8 ...... 8

 Air Carrier Worker Support (**) ...... (**) (**) ...... (**) 18 ...... 18

 Coronavirus Relief Fund 11 ...... 11 890 ...... 890 32,615 ...... 32,615

 Emergency Capital Investment Program 6 ...... 6 151 ...... 151 2,022 ...... 2,022

 Emergency Rental Assistance 76 ...... 76 3,133 ...... 3,133 7,213 ...... 7,213

 Transportation Services 2 ...... 2 -19 ...... -19 686 ...... 686

 Other 198 ...... 198 3,194 ...... 3,194 9,841 ...... 9,841

 Bureau of the Fiscal Service:

 Payment to the Resolution Funding Corporation ...... ...... ...... 704 ...... 704 704 ...... 704

 Financial Agent Services 111 ...... 111 737 ...... 737 671 ...... 671

 Claims, Judgements, and Relief Acts 124 ...... 124 1,271 ...... 1,271 1,903 ...... 1,903

 Other 63 (**) 63 959 1 958 2,008 1 2,007

 Total--Bureau of the Fiscal Service 299 (**) 298 3,671 1 3,670 5,287 1 5,286

 Federal Financing Bank -106 ...... -106 -1,145 ...... -1,145 -1,018 ...... -1,018

 Alcohol and Tobacco Tax and Trade Bureau:

 Salaries and Expenses 15 ...... 15 92 ...... 92 88 ...... 88

 Internal Revenue Collections for Puerto Rico 27 ...... 27 241 ...... 241 308 ...... 308

 Bureau of Engraving and Printing -1 ...... -1 7 ...... 7 -52 ...... -52

18
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

Department of the Treasury: - Continued

 United States Mint 555 459 96 3,455 3,578 -123 3,482 4,004 -521

 Internal Revenue Service:

 Taxpayer Services 409 ...... 409 2,590 ...... 2,590 2,120 ...... 2,120

 Enforcement 600 ...... 600 3,637 ...... 3,637 3,559 ...... 3,559

 Operations Support 501 ...... 501 3,416 ...... 3,416 3,448 ...... 3,448

 Build America Bond Payments, Recovery Act 262 ...... 262 1,744 ...... 1,744 1,594 ...... 1,594

 Refundable Premium Tax Credits and Cost Sharing

 Reductions 6,543 ...... 6,543 47,342 ...... 47,342 50,225 ...... 50,225

 Payment Where Earned Income Credit Exceeds Liability for

 Tax 1,882 ...... 1,882 53,465 ...... 53,465 61,203 ...... 61,203

 Payment Where Child Tax Credit Exceeds Liability for Tax 1,068 ...... 1,068 27,491 ...... 27,491 126,610 ...... 126,610

 Payment Where American Opportunity Tax Credit Exceeds

 Liability for Tax 118 ...... 118 2,459 ...... 2,459 3,560 ...... 3,560

 Refunding Internal Revenue Collections, Interest 1,126 ...... 1,126 5,845 ...... 5,845 2,093 ...... 2,093

 Other 18,886 ...... 8,886 2 44,846 2 44,844 40,537 2 40,535

 Total--Internal Revenue Service 21,396 ...... 21,396 192,834 2 192,833 294,949 2 294,947

 Comptroller of the Currency 114 11 103 783 596 188 774 629 145

 Interest on the Public Debt:

 Interest on Treasury Debt Securities (Gross):

 Public Issues (Accrual Basis) 59,465 ...... 59,465 409,222 ...... 409,222 299,151 ...... 299,151

 Special Issues (Cash Basis) 10,185 ...... 10,185 120,684 ...... 120,684 123,949 ...... 123,949

 Total--Interest on Treasury Debt Securities (Gross) 69,650 ...... 69,650 529,906 ...... 529,906 423,100 ...... 423,100

 Total--Interest on the Public Debt 69,650 ...... 69,650 529,906 ...... 529,906 423,100 ...... 423,100

 Other 16 ...... 16 102 ...... 102 96 ...... 96

 Proprietary Receipts from the Public ...... 583 -583 ...... 3,466 -3,466 ...... 4,020 -4,020

 Intrabudgetary Transactions -1,198 ...... -1,198 -2,024 ...... -2,024 -1,346 ...... -1,346

 Total--Department of the Treasury 91,096 1,229 89,867 736,407 8,399 728,008 778,220 8,709 769,511

Department of Veterans Affairs:

 Joint DOD-VA Medical Facility Demonstration Fund 49 ...... 49 371 ...... 371 350 ...... 350

 Veterans Health Administration:

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

 Medical Services 8,177 ...... 8,177 64,072 ...... 64,072 57,566 ...... 57,566

 Medical Support and Compliance 452 ...... 452 5,722 ...... 5,722 5,528 ...... 5,528

 Medical Facilities 242 ...... 242 4,409 ...... 4,409 4,584 ...... 4,584

 Other 1,730 38 1,693 5,882 254 5,628 4,782 223 4,559

 Benefits Programs:

 Public Enterprise Funds:

 Housing Accounts (**) (**) (**) (**) 3 -3 (**) 3 -3

 Other 76 189 -114 526 942 -416 550 991 -441

 Compensation and Pensions 12,639 ...... 12,639 85,076 ...... 85,076 83,914 ...... 83,914

 Readjustment Benefits 1,026 ...... 1,026 8,255 ...... 8,255 8,180 ...... 8,180

 Veterans Housing Benefit Program Fund 12 ...... 12 903 ...... 903 1,933 ...... 1,933

 Insurance Funds:

 National Service Life 5 ...... 5 215 ...... 215 306 ...... 306

 Veterans Special Life 1 (**) (**) 104 19 85 127 24 103

 Other 68 1 67 257 6 251 111 ...... 111

 Total--Benefits Programs 13,828 191 13,637 95,336 970 94,366 95,120 1,018 94,102

 Departmental Administration:

 Construction 80 ...... 80 789 ...... 789 867 ...... 867

 Information Technology Systems 918 ...... 918 3,676 ...... 3,676 3,418 ...... 3,418

 General Operating Expenses 613 ...... 613 4,108 ...... 4,108 3,088 (**) 3,088

 Other 285 ...... 285 2,950 ...... 2,950 2,312 ...... 2,312

 Proprietary Receipts from the Public:

 National Service Life ...... 9 -9 ...... 24 -24 ...... 12 -12

 Other ...... 379 -379 ...... 3,398 -3,398 ...... 3,147 -3,147

 Intrabudgetary Transactions -30 ...... -30 -19 ...... -19 -106 ...... -106

 Total--Department of Veterans Affairs 26,345 617 25,728 187,264 4,646 182,618 177,509 4,401 173,109

Corps of Engineers:

 Construction 355 ...... 355 2,258 ...... 2,258 1,970 ...... 1,970

 Operation and Maintenance 422 ...... 422 2,777 ...... 2,777 2,507 ...... 2,507

 Flood Control and Coastal Emergencies 37 ...... 37 306 ...... 306 290 ...... 290

 Rivers and Harbors Contributed Funds 40 ...... 40 262 ...... 262 313 ...... 313

19
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

Corps of Engineers: - Continued

 Other 66 ...... 66 1,085 ...... 1,085 1,111 ...... 1,111

 Proprietary Receipts from the Public ...... 89 -89 ...... 760 -760 ...... 550 -550

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

 Total--Corps of Engineers 921 89 832 6,690 760 5,930 6,191 550 5,641

Other Defense Civil Programs:

 Military Retirement:

 Payment to Military Retirement Fund ...... ...... ...... 120,438 ...... 120,438 114,463 ...... 114,463

 Military Retirement Fund 6,306 ...... 6,306 43,579 ...... 43,579 43,872 ...... 43,872

 Retiree Health Care:

 Payment to Department of Defense Medicare-Eligible

 Retiree Health Care Fund ...... ...... ...... 9,981 ...... 9,981 7,503 ...... 7,503

 Department of Defense Medicare-Eligible Retiree Health

 Care Fund 691 ...... 691 7,928 ...... 7,928 7,612 ...... 7,612

 Educational Benefits 17 ...... 17 128 ...... 128 120 ...... 120

 Other 25 ...... 25 298 ...... 298 209 ...... 209

 Proprietary Receipts from the Public ...... 2 -2 ...... 18 -18 ...... 31 -31

 Intrabudgetary Transactions -1,422 ...... -1,422 -142,770 ...... -142,770 -138,578 ...... -138,578

 Total--Other Defense Civil Programs 5,617 2 5,616 39,582 18 39,564 35,202 31 35,171

Environmental Protection Agency:

 Science and Technology 47 ...... 47 497 ...... 497 503 ...... 503

 Environmental Programs and Management 223 ...... 223 1,871 ...... 1,871 1,821 ...... 1,821

 State and Tribal Assistance Grants 556 ...... 556 3,289 ...... 3,289 2,873 ...... 2,873

 Payment to the Hazardous Substance Superfund ...... ...... ...... 1,218 ...... 1,218 4,676 ...... 4,676

 Hazardous Substance Superfund 124 ...... 124 1,057 ...... 1,057 926 ...... 926

 Other 46 3 43 126 56 70 99 48 51

 Proprietary Receipts from the Public ...... 6 -6 ...... 179 -179 ...... 191 -191

 Intrabudgetary Transactions -24 ...... -24 -1,224 ...... -1,224 -4,637 ...... -4,637

 Offsetting Governmental Receipts ...... 2 -2 ...... 23 -23 ...... 19 -19

 Total--Environmental Protection Agency 972 11 961 6,834 257 6,576 6,262 258 6,004

Executive Office of the President:

 The White House 6 ...... 6 47 ...... 47 47 ...... 47

 Office of Management and Budget 9 ...... 9 77 ...... 77 71 ...... 71

 Unanticipated Needs 4 ...... 4 35 ...... 35 28 ...... 28

 Other 28 ...... 28 187 ...... 187 154 ...... 154

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

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

 Total--Executive Office of the President 49 (**) 49 346 (**) 346 299 (**) 299

General Services Administration:

 Real Property Activities -57 ...... -57 -544 ...... -544 -646 ...... -646

 Supply and Technology Activities 291 ...... 291 56 ...... 56 -222 ...... -222

 General Activities 12 ...... 12 215 ...... 215 198 ...... 198

 Proprietary Receipts from the Public ...... 24 -24 ...... 90 -90 ...... 128 -128

 Intrabudgetary Transactions 1 ...... 1 -9 ...... -9 -8 ...... -8

 Total--General Services Administration 247 24 223 -282 90 -372 -678 128 -805

International Assistance Programs:

 Millennium Challenge Corporation 67 ...... 67 452 ...... 452 443 ...... 443

 International Security Assistance:

 Foreign Military Financing Program 151 ...... 151 6,231 ...... 6,231 5,220 ...... 5,220

 Economic Support Fund 2,655 ...... 2,655 15,773 ...... 15,773 7,215 ...... 7,215

 Other 110 ...... 110 800 12 788 582 ...... 582

 Total--International Security Assistance 2,916 ...... 2,916 22,804 12 22,792 13,017 ...... 13,017

 Multilateral Assistance:

 Contribution to the International Development

 Association ...... ...... ...... 1,430 ...... 1,430 1,301 ...... 1,301

 Other 374 ...... 374 1,247 ...... 1,247 1,291 ...... 1,291

 Total--Multilateral Assistance 374 ...... 374 2,677 ...... 2,677 2,592 ...... 2,592

 Agency for International Development:

 Development Assistance Program 461 ...... 461 2,166 ...... 2,166 1,808 ...... 1,808

 Assistance for Europe, Eurasia and Central Asia 112 ...... 112 669 ...... 669 858 ...... 858

 International Disaster Assistance 1,661 ...... 1,661 6,744 ...... 6,744 3,423 ...... 3,423

 Operating Expenses 96 ...... 96 1,121 ...... 1,121 920 ...... 920

 Other 102 ...... 102 165 (**) 165 100 (**) 100

 Proprietary Receipts from the Public ...... 24 -24 ...... 63 -63 ...... 31 -31

 Intrabudgetary Transactions -5 ...... -5 -6 ...... -6 -1 ...... -1

 Total--Agency for International Development 2,427 24 2,403 10,859 63 10,796 7,108 31 7,077

20
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

International Assistance Programs: - Continued

 Overseas Private Investment Corporation:

 Overseas Private Investment Corporation Accounts ...... ...... ...... 4 ...... 4 2 ...... 2

 Total--Overseas Private Investment Corporation ...... ...... ...... 4 ...... 4 2 ...... 2

 Peace Corps 43 (**) 43 290 -1 291 223 1 223

 Proprietary Receipts ...... (**) (**) ...... (**) (**) ...... (**) (**)

 Military Sales Program:

 Foreign Military Sales Trust Fund 3,794 ...... 3,794 25,322 ...... 25,322 21,890 ...... 21,890

 Other 23 20 3 141 110 31 14 89 -75

 Proprietary Receipts from the Public ...... 4,253 -4,253 ...... 34,661 -34,661 ...... 25,525 -25,525

 Other 66 58 8 434 292 142 295 329 -33

 Total--International Assistance Programs 9,709 4,354 5,355 62,983 35,138 27,845 45,586 25,974 19,611

National Aeronautics and Space Administration:

 Science 692 ...... 692 5,045 ...... 5,045 4,595 ...... 4,595

 Aeronautics 83 ...... 83 547 ...... 547 556 ...... 556

 Exploration 523 ...... 523 4,728 ...... 4,728 4,209 ...... 4,209

 Cross Agency Support 288 ...... 288 2,071 ...... 2,071 1,842 ...... 1,842

 Space Operations 340 ...... 340 2,799 ...... 2,799 2,360 ...... 2,360

 Other 157 ...... 157 1,148 ...... 1,148 1,196 ...... 1,196

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

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

 Total--National Aeronautics and Space Administration 2,083 (**) 2,083 16,335 3 16,332 14,758 1 14,757

National Science Foundation:

 Research and Related Activities 528 ...... 528 4,139 ...... 4,139 3,798 ...... 3,798

 Education and Human Resources 89 ...... 89 710 ...... 710 595 ...... 595

 Other 47 ...... 47 392 ...... 392 389 ...... 389

 Proprietary Receipts from the Public ...... 3 -3 ...... 16 -16 ...... 9 -9

 Total--National Science Foundation 664 3 661 5,241 16 5,225 4,782 9 4,774

Office of Personnel Management:

 Government Payment for Annuitants, Employees Health and

 Life Insurance Benefits 1,243 ...... 1,243 9,588 ...... 9,588 9,193 ...... 9,193

 Postal Service Retiree Health Benefits Fund 367 ...... 367 2,885 ...... 2,885 2,758 ...... 2,758

 Civil Service Retirement and Disability Fund 8,631 ...... 8,631 68,822 ...... 68,822 64,030 ...... 64,030

 Employees Life Insurance Fund 368 377 -9 2,560 3,340 -779 2,569 2,977 -408

 Employees and Retired Employees Health Benefits Fund 5,854 5,620 233 43,358 41,979 1,379 40,587 40,507 80

 Other 19 ...... 19 92 ...... 92 257 ...... 257

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

 Intrabudgetary Transactions:

 Postal Service Contributions -4 ...... -4 -414 ...... -414 -484 ...... -484

 Civil Service Retirement and Disability Fund:

 Other -4 ...... -4 -29 ...... -29 -27 ...... -27

 Total--Office of Personnel Management 16,474 5,997 10,477 126,863 45,322 81,541 118,883 43,484 75,399

Small Business Administration:

 Salaries and Expenses 146 ...... 146 -281 ...... -281 286 ...... 286

 Business Loans Program 6 -2 7 337 1 336 295 (**) 295

 Disaster Loans Program 21 (**) 21 29,790 (**) 29,790 15,659 (**) 15,659

 Other 42 3 39 392 17 375 7,119 14 7,105

 Proprietary Receipts from the Public ...... 35 -35 ...... 4,997 -4,997 ...... 22 -22

 Intrabudgetary Transactions -1 ...... -1 -1 ...... -1 -2 ...... -2

 Total--Small Business Administration 214 36 178 30,236 5,015 25,221 23,358 37 23,321

Social Security Administration:

 Payments to Social Security Trust Funds 26 ...... 26 37,731 ...... 37,731 36,539 ...... 36,539

 Supplemental Security Income Program 5,512 ...... 5,512 37,974 ...... 37,974 40,628 ...... 40,628

 Federal Old-Age and Survivors Insurance Trust Fund

 (Off-Budget):

 Benefit Payments 102,153 ...... 102,153 782,016 ...... 782,016 700,476 ...... 700,476

 Administrative Expenses 616 ...... 616 3,002 ...... 3,002 2,948 ...... 2,948

 Total--Federal Old-Age and Survivors Insurance Trust

 Fund (Off-Budget) 102,769 ...... 102,769 785,018 ...... 785,018 703,424 ...... 703,424

 Federal Disability Insurance Trust Fund (Off-Budget):

 Benefit Payments 12,621 ...... 12,621 98,980 ...... 98,980 94,661 ...... 94,661

 Administrative Expenses 174 ...... 174 1,803 ...... 1,803 1,800 ...... 1,800

 Total--Federal Disability Insurance Trust Fund

 (Off-Budget) 12,795 ...... 12,795 100,782 ...... 100,782 96,462 ...... 96,462

21
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

Social Security Administration: - Continued

 Other 16 ...... 16 117 ...... 117 114 ...... 114

 Proprietary Receipts from the Public:

 On-Budget ...... 249 -249 ...... 1,676 -1,676 ...... 1,553 -1,553

 Off-Budget ...... 2 -2 ...... 16 -16 ...... 13 -13

 Intrabudgetary Transactions:

 Off-Budget 3 -26 ...... -26 -37,913 ...... -37,913 -36,538 ...... -36,538

 Total--Social Security Administration 121,092 251 120,840 923,709 1,692 922,018 840,628 1,567 839,061

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

 United States Agency for Global Media 67 (**) 67 550 (**) 550 537 (**) 537

 Bureau of Consumer Financial Protection 77 (**) 77 551 (**) 551 466 ...... 466

 Corporation for National and Community Service 92 (**) 92 673 1 673 515 1 514

 Corporation for Public Broadcasting ...... ...... ...... 535 ...... 535 485 ...... 485

 District of Columbia:

 Courts 25 ...... 25 211 (**) 211 226 ...... 226

 General and Special Payments 26 (**) 26 509 67 442 504 63 441

 Equal Employment Opportunity Commission 33 1 32 297 2 296 287 1 287

 Export-Import Bank of the United States 10 ...... 10 53 (**) 53 359 225 134

 Federal Communications Commission:

 Universal Service Fund 690 ...... 690 5,438 ...... 5,438 5,282 ...... 5,282

 Other 1,068 2 1,066 6,439 14 6,424 4,900 31 4,869

 Federal Deposit Insurance Corporation:

 Deposit Insurance Fund 11,664 ...... 11,664 48,292 ...... 48,292 -4,594 ...... -4,594

 FSLIC Resolution Fund (**) 4 -4 (**) 27 -27 (**) 2 -2

 Total--Federal Deposit Insurance Corporation 11,664 4 11,659 48,292 27 48,266 -4,594 2 -4,596

 Federal Drug Control Programs 30 ...... 30 303 ...... 303 290 ...... 290

 Federal Housing Finance Agency 26 ...... 26 231 ...... 231 222 ...... 222

 Institute of Museum and Library Services 27 (**) 27 234 (**) 234 232 (**) 232

 Intelligence Community Management Account 71 ...... 71 375 ...... 375 382 ...... 382

 Legal Services Corporation 146 ...... 146 580 ...... 580 397 ...... 397

 National Archives and Records Administration 28 (**) 27 302 12 290 299 14 286

 National Credit Union Administration 27 150 -123 1,212 1,604 -391 839 2,903 -2,064

 National Endowment for the Arts 27 (**) 27 154 (**) 153 143 2 141

 National Endowment for the Humanities 27 ...... 27 161 (**) 161 144 (**) 144

 National Labor Relations Board 22 (**) 22 187 (**) 187 188 (**) 188

 Nuclear Regulatory Commission 72 74 -2 585 545 40 587 527 60

 Postal Service:

 Off-Budget:

 Public Enterprise Funds 6,994 3,019 3,975 82,636 79,365 3,271 75,225 74,435 790

 Other ...... ...... ...... 271 ...... 271 282 ...... 282

 Other ...... ...... ...... 50 ...... 50 53 ...... 53

 Railroad Retirement Board:

 Federal Windfall Subsidy 1 ...... 1 5 ...... 5 7 ...... 7

 Federal Payments to the Railroad Retirement Accounts 1 ...... 1 665 ...... 665 592 ...... 592

 Railroad Unemployment Insurance Trust Fund:

 Benefit Payments 5 ...... 5 46 ...... 46 69 ...... 69

 Transfer To Administrative Funds 2 ...... 2 13 ...... 13 14 ...... 14

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

 Rail Industry Pension Fund:

 Benefit Payments 478 ...... 478 3,801 ...... 3,801 3,754 ...... 3,754

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

 Transfer to Administrative Funds 8 ...... 8 66 ...... 66 59 ...... 59

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

 National Railroad Retirement Investment Trust:

 Administrative Expenses 1 ...... 1 37 ...... 37 47 ...... 47

 Transfers to the Railroad Retirement Trust Funds from

 the National Railroad Retirement Investment Trust 40 ...... 40 827 ...... 827 933 ...... 933

 Railroad Social Security Equivalent Benefit Account:

 Benefit Payments 704 ...... 704 5,486 ...... 5,486 5,167 ...... 5,167

 Transfer To Administrative Funds 2 ...... 2 15 ...... 15 15 ...... 15

 Other -2 ...... -2 -18 ...... -18 -9 ...... -9

 Proprietary Receipts from the Public ...... 198 -198 ...... 1,119 -1,119 ...... -1,261 1,261

 Intrabudgetary Transactions:

 Other -41 ...... -41 -1,494 ...... -1,494 -1,524 ...... -1,524

 Total--Railroad Retirement Board 1,197 198 1,000 9,447 1,119 8,329 9,122 -1,261 10,382

22
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

Independent Agencies - Continued ...... ...... ...... ...... ...... ...... ...... ...... ......

 Securities and Exchange Commission 181 5 176 455 14 441 1,297 (**) 1,297

 Smithsonian Institution 155 (**) 155 928 1 927 825 (**) 825

 Tennessee Valley Authority 3,072 2,944 129 25,770 25,403 367 24,556 24,542 13

 Other 231 44 187 2,755 948 1,807 2,530 843 1,686

 Total--Independent Agencies 26,086 6,442 19,643 190,187 109,121 81,066 126,578 102,330 24,248

Undistributed Offsetting Receipts:

 Other Interest (**) (**) -1 -4 (**) -5 (**) ...... (**)

 Employer Share, Employee Retirement:

 Department of Health and Human Services:

 Federal Hospital Insurance Trust Fund:

 Federal Employer Contributions -382 ...... -382 -3,031 ...... -3,031 -2,919 ...... -2,919

 Postal Service Employer Contributions -61 ...... -61 -470 ...... -470 -406 ...... -406

 Department of State:

 Foreign Service Retirement and Disability Fund -35 ...... -35 -271 ...... -271 -259 ...... -259

 Other Defense Civil Programs:

 Military Retirement Fund -2,190 ...... -2,190 -28,971 ...... -28,971 -27,877 ...... -27,877

 Department of Defense Medicare-Eligible Retiree Health

 Care Fund ...... ...... ...... -10,033 ...... -10,033 -9,609 ...... -9,609

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund -4,589 ...... -4,589 -32,223 ...... -32,223 -31,058 ...... -31,058

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund:

 Federal Employer Contributions -1,609 ...... -1,609 -12,025 ...... -12,025 -11,544 ...... -11,544

 Federal Disability Insurance Trust Fund:

 Federal Employer Contributions -273 ...... -273 -2,041 ...... -2,041 -1,959 ...... -1,959

 Other 1 ...... 1 -2 ...... -2 -4 ...... -4

 Total--Employer Share, Employee Retirement -9,138 ...... -9,138 -89,067 ...... -89,067 -85,636 ...... -85,636

 Interest Received by Trust Funds:

 Judicial Branch:

 Judicial Survivors Annuity Fund -5 ...... -5 -21 ...... -21 -19 ...... -19

 Department of Health and Human Services:

 Federal Hospital Insurance Trust Fund -69 ...... -69 -2,592 ...... -2,592 -1,502 ...... -1,502

 Federal Supplementary Medical Insurance Trust Fund -52 ...... -52 -2,210 ...... -2,210 -1,596 ...... -1,596

 Department of Homeland Security:

 Oil Spill Liability Trust Fund -34 ...... -34 -144 ...... -144 -56 ...... -56

 Other -5 ...... -5 -14 ...... -14 -15 ...... -15

 Department of Labor:

 Unemployment Trust Fund -23 ...... -23 -656 ...... -656 -489 ...... -489

 Department of State:

 Foreign Service Retirement and Disability Fund (**) ...... (**) -252 ...... -252 -227 ...... -227

 Department of Transportation:

 Airport and Airway Trust Fund -10 ...... -10 -112 ...... -112 -120 ...... -120

 Department of Veterans Affairs:

 National Service Life Insurance Fund (**) ...... (**) -15 ...... -15 -23 ...... -23

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

 Corps of Engineers -40 ...... -40 -183 ...... -183 -27 ...... -27

 Other Defense Civil Programs:

 Military Retirement Fund -5,710 ...... -5,710 -37,960 ...... -37,960 -48,156 ...... -48,156

 Educational Benefits Fund -2 ...... -2 -15 ...... -15 -31 ...... -31

 Armed Forces Retirement Home -1 ...... -1 -4 ...... -4 (**) ...... (**)

 Environmental Protection Agency -14 ...... -14 -92 ...... -92 -44 ...... -44

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund ...... ...... ...... -11,769 ...... -11,769 -11,246 ...... -11,246

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund -152 ...... -152 -31,936 ...... -31,936 -32,745 ...... -32,745

 Federal Disability Insurance Trust Fund -23 ...... -23 -1,568 ...... -1,568 -1,330 ...... -1,330

 Independent Agencies:

 Railroad Retirement Board -6 ...... -6 -28 ...... -28 -48 ...... -48

 Other -7 ...... -7 -21 ...... -21 -7 ...... -7

 Other -677 ...... -677 -3,761 ...... -3,761 -248 ...... -248

 Total--Interest Received by Trust Funds -6,830 ...... -6,830 -93,356 ...... -93,356 -97,928 ...... -97,928

 Rents and Royalties on the Outer Continental Shelf Lands ...... 1,104 -1,104 ...... 5,046 -5,046 ...... 8,807 -8,807

 Spectrum Auction Proceeds ...... ...... ...... ...... ...... ...... -81,089 ...... -81,089

 Total--Undistributed Offsetting Receipts -15,969 1,104 -17,073 -182,427 5,046 -187,474 -264,653 8,807 -273,459

Total Outlays 589,962 42,126 547,835 4,544,377 385,303 4,159,074 4,192,717 391,905 3,800,813

 Total On-Budget 469,486 39,106 430,380 3,661,154 305,922 3,355,232 3,401,441 317,456 3,083,985

23
This Month

Outlays Gross

Outlays

Applicable

Receipts Outlays

Current Fiscal Year to Date Prior Fiscal Year to Date

Classification Gross

Outlays

Applicable

Receipts Outlays GrossOutlays

Applicable

Receipts

Table 5. Outlays of the U.S. Government, May 2023 and Other Periods - Continued

[$ millions]

 Total Off-Budget 120,476 3,021 117,455 883,223 79,381 803,842 791,276 74,449 716,828

Total Surplus (+) or Deficit (-) -240,348 -1,164,871 -426,226

 Total On-Budget -217,501 -1,135,483 -409,337

 Total Off-Budget -22,847 -29,388 -16,888

MEMORANDUM

Receipts Offset Against Outlays (In Millions)

Current Comparable

Fiscal Year to Period Prior

Date Fiscal Year

Proprietary Receipts 195,290 208,909

Intrabudgetary Transactions 695,546 799,057

Governmental Receipts 10,223 91,033

 Total Receipts Offset Against Outlays 901,059 1,098,999

1 Includes $126 million for Economic Impact Payments to individuals and families. checks.

2 Includes $1.7 billion for Economic Impact Payments to individuals and families. Note: Details may not add to totals due to rounding.

3 Includes FICA and SECA tax credits, non-contributory military service credits, ... No Transactions

special benefits for the aged and credit for the unnegotiated OASI benefit (**) Less than absolute value of $500,000

24
Assets and Liabilities

This Year This Month

Directly Related to

Budget Off-Budget Activity This Month

Net Transactions

(-) denotes net reduction of either liability or asset accounts

Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Means of Financing the Deficit or Disposition of Surplus by the U.S. Government, May 2023 and Other Periods

[$ millions]

Liability Accounts:

 Borrowing from the Public:

 Treasury Securities, Issued Under General Financing Authorities:

 Debt Held by the Public 25,618 331,494 1,621,491 24,299,192 24,605,067 24,630,685

 Intragovernmental Holdings -18,975 204,052 449,209 6,629,719 6,852,747 6,833,771

 Total Treasury Securities Outstanding 6,643 535,546 2,070,700 30,928,912 31,457,815 31,464,457

 Plus Premium on Treasury Securities -608 1,869 3,726 66,191 68,669 68,061

 Less Discount on Treasury Securities 4,316 69,772 24,072 176,902 242,359 246,675

 Total Treasury Securities Net of Premium and Discount 1,719 467,643 2,050,354 30,818,200 31,284,124 31,285,842

 Agency Securities, Issued Under Special Financing Authorities (See

 Schedule B; for Other Agency Borrowing, See Schedule C) 130 384 56 19,353 19,607 19,737

 Total Federal Securities 1,849 468,027 2,050,410 30,837,552 31,303,730 31,305,579

 Deduct:

 Federal Securities Held as Investments of Government Accounts

 (See Schedule D) -17,918 205,083 451,497 6,608,706 6,831,707 6,813,789

 Less Discount on Federal Securities Held as Investments of

 Government Accounts -683 40,035 341 27,988 68,705 68,022

 Net Federal Securities Held as Investments of Government

 Accounts -17,236 165,048 451,156 6,580,718 6,763,002 6,745,766

 Total Borrowing from the Public 19,085 302,979 1,599,254 24,256,835 24,540,729 24,559,813

 Accrued Interest Payable to the Public -46,510 -4,029 -9,934 81,249 123,730 77,220

 Allocations of Special Drawing Rights -2,246 5,465 -6,796 147,009 154,720 152,475

 Uninvested Balances, Deposit Funds 6,903 275,335 -214,782 27,438 295,870 302,773

 Miscellaneous Liability Accounts (Includes Checks Outstanding Etc.) 3,554 7,074 3,313 31,176 34,697 38,250

 Total Liability Accounts -19,214 586,825 1,371,054 24,543,707 25,149,745 25,130,532

Asset Accounts (Deduct)

 Cash and Monetary Assets:

 U.S. Treasury Operating Cash:

 Federal Reserve Account 1 -267,869 -587,482 639,080 635,994 316,381 48,512

 Balance -267,869 -587,482 639,080 635,994 316,381 48,512

 Special Drawing Rights:

 Total Holdings -2,026 8,254 -4,147 153,175 163,455 161,429

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

 Balance -2,026 8,254 -4,147 147,975 158,255 156,229

 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 -1,622 3,949 -4,911 -5,406 165 -1,457

 Letter of Credit Issued to IMF 40 1,124 1,919 -78,191 -77,107 -77,067

 Dollar Deposits with the IMF -45 -27 (**) -319 -301 -346

 Receivable/Payable (-) for Interim Maintenance of Value

 Adjustments 1,125 -2,722 3,447 3,621 -226 899

 Balance -502 2,324 456 31,334 34,160 33,658

 Loans to International Monetary Fund ...... ...... -12 921 921 921

 Other Cash and Monetary Assets 98 1,191 224 25,816 26,909 27,007

 Total Cash and Monetary Assets -270,299 -575,713 635,600 842,039 536,626 266,327

 Non-Federal Securities of the National Railroad Retirement

 Investment Trust 144 356 -2,118 23,923 24,135 24,279

 Net Activity, Guaranteed Loan Financing (See Schedule E) 7,505 26,481 172,557 45,427 64,402 71,908

 Net Activity, Direct Loan Financing (See Schedule E) 1,140 -28,598 137,180 1,338,931 1,309,193 1,310,334

 Miscellaneous Asset Accounts 990 -1,528 1,765 3,167 650 1,639

 Total Asset Accounts -260,520 -579,002 944,984 2,253,488 1,935,006 1,674,486

Excess of Liabilities (+) or Assets (-) 241,306 1,165,827 426,070 22,290,219 23,214,739 23,456,045

Transactions Not Applied to Current Year's Surplus or Deficit (See

 Schedule A for Details) -958 -955 156 ...... 2 -955

Total Budget and Off-Budget Federal Entities (Financing of Deficit (+)

 or Disposition of Surplus (-)) 240,348 1,164,871 426,226 22,290,219 23,214,742 23,455,090

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, May 2023 and Other Periods

[$ millions]

Excess of Liabilities Beginning of Period:

 Based on Composition of Unified Budget in Preceding Period 23,214,739 22,290,219 20,778,901

 Adjustments During Current Fiscal Year for Changes in Composition of

 Unified Budget:

 Revisions by Federal Agencies to the Prior Budget Results ...... ...... 136,413

 Excess of Liabilities Beginning of Period (Current Basis) 23,214,739 22,290,219 20,915,313

 Budget Surplus (-) or Deficit:

 Based on Composition of Unified Budget in Prior Fiscal Year 240,348 1,164,871 426,226

 Total Surplus (-) or Deficit (Table 2) 240,348 1,164,871 426,226

 Total-On-Budget (Table 2) 217,501 1,135,483 409,337

 Total-Off-Budget (Table 2) 22,847 29,388 16,888

 Transactions Not Applied to Current Year's Surplus or Deficit:

 Premium/Discount on Buyback of U.S. Treasury Securities ...... -2 -4

 Reclassification of Aged Unreconciled Accounts 958 958 ......

 Other ...... ...... -152

 Total-Transactions Not Applied to Current Year's Surplus or Deficit 958 955 -156

 Excess of Liabilities Close of Period 23,456,045 23,456,045 21,341,383

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, May 2023 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 (**) -7 -6 31 24 24

 Independent Agencies:

 Federal Communications Commission ...... ...... ...... (**) (**) (**)

 National Archives and Records Administration ...... ...... ...... (**) (**) (**)

 Tennessee Valley Authority 130 391 62 19,303 19,564 19,694

 Total Agency Securities 130 384 56 19,353 19,607 19,737

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

... No Transactions
Classification

This Year This Month This Month

Transactions Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,

May 2023 and Other Periods

[$ millions]

Borrowing from the US Treasury:

 Department of Agriculture:

 Farm Service Agency:

 Commodity Credit Corporation -192 -1,565 -554 13,775 12,402 12,210

 Agricultural Credit Insurance Fund 279 -183 -391 17,396 16,934 17,213

 Farm Storage Facility Loans -24 111 50 1,601 1,736 1,712

 Apple Loans Fund ...... ...... (**) ...... ...... ......

 Emergency Boll Weevil Loan Fund ...... (**) (**) (**) (**) (**)

 Rural Housing Service:

 Rural Housing Insurance 127 -314 -792 19,465 19,025 19,151

 Rural Community Facility Loans Fund 30 -101 123 12,320 12,189 12,219

 Multifamily Housing Revitalization Loan Account ...... ...... -2 ...... ...... ......

 Rural Business - Cooperative Service:

 Rural Business and Industry Loans ...... -47 -26 70 23 23

 Rural Development Loan Fund 1 -21 -25 272 250 251

 Rural Economic Development Loan Fund 11 -8 -35 217 198 209

 Renewable Energy Guaranteed Loan Account ...... (**) (**) 2 2 2

 Rural Microenterprise Investment Loans (**) -2 -3 40 39 39

 Biorefinery Assistance Loan Account ...... 186 -5 ...... 186 186

 Rural Utilities Service:

 Rural Water and Waste Disposal Fund 77 -530 -132 14,774 14,167 14,244

 Rural Electrification and Telecommunications Fund 65 490 -130 6,528 6,953 7,018

 Rural Telephone Bank ...... -3 -13 60 57 57

 Distance Learning and Telemedicine Program 2 -35 21 556 519 521

 Foreign Agricultural Service ...... ...... ...... 266 266 266

 Department of Commerce:

 National Oceanic and Atmospheric Administration:

 Fisheries Finance 1 11 75 372 383 383

 Department of Defense--Military Programs:

 Family Housing Improvement Loans ...... 22 21 1,598 1,620 1,620

 Department of Education:

 College Housing and Academic Facilities Loans ...... ...... -7 5 5 5

 Historically Black College and University Capital Financing

 Fund ...... ...... ...... 65 65 65

 Federal Direct Student Loans 10,049 41,098 76,542 847,911 878,960 889,009

 Teach Grant Loans ...... 17 31 541 557 557

 Temporary Student Loan Purchase Authority ...... -1,433 189 20,359 18,927 18,927

 Federal Family Education Loans ...... 35 141 36,195 36,230 36,230

 Department of Energy:

 Bonneville Power Administration Fund 224 184 233 5,679 5,639 5,863

 Western Area Power Administration - Recovery Act ...... ...... ...... 76 76 76

 Advanced Technology Vehicles Manufacturing Loans ...... ...... -2 ...... ...... ......

 Title 17 Innovative Technology Loans 65 70 110 688 692 757

 Department of Health and Human Services:

 Consumer Operated and Oriented Plan ...... ...... ...... 401 401 401

 Consumer Operated and Oriented Plan Program Contingency Fund ...... ...... ...... 108 108 108

 Department of Homeland Security:

 National Flood Insurance Fund ...... ...... ...... 20,525 20,525 20,525

 Disaster Assistance Loan Fund ...... 2 4 8 10 10

 Department of Housing and Urban Development:

 Public and Indian Housing Programs:

 Low-Rent Public Housing - Loans and Other Expenses ...... ...... (**) 1 1 1

 Native Hawaiian Housing Loans ...... 1 2 3 4 4

 Housing Programs:

 Emergency Homeowners' Relief Fund ...... 1 ...... 2 3 3

 Federal Housing Administration 16,001 16,001 ...... 93,564 93,564 109,565

 Home Ownership Preservation Equity Fund 3 3 ...... 6 6 9

 Green Retrofit Program for Multifamily Housing-Recovery Act 8 8 ...... 9 9 17

 Department of the Interior:

 Bureau of Indian Affairs and Bureau of Indian Education ...... ...... ...... (**) (**) (**)

 Bureau of Reclamation Loan Fund ...... ...... ...... 25 25 25

27
Classification

This Year This Month This Month

Transactions Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,

May 2023 and Other Periods - Continued

[$ millions]

Borrowing from the US Treasury: - Continued

 Assistance to American Samoa Loan Fund ...... (**) (**) 7 7 7

 Department of Labor:

 Black Lung Disability Trust Fund ...... ...... ...... 4,751 4,751 4,751

 Department of State:

 Repatriation Loans ...... 1 1 3 4 4

 Department of Transportation:

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund 52 3,850 381 14,837 18,635 18,687

 Federal Railroad Administration:

 Railroad Rehabilitation and Improvement Loan Fund ...... 28 383 1,140 1,168 1,168

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

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) Fund ...... ...... ...... 89 89 89

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund 1 6 3 105 110 111

 Temporary Credit and Liquidity Program ...... ...... ...... 1,097 1,097 1,097

 Troubled Asset Relief Program ...... -3 ...... 4 1 1

 Small Business Lending Financing Fund 2 2 ...... 34 34 36

 ESF - Economic Stabilization Program 20 -2,572 -5,249 19,478 16,885 16,905

 Federal Financing Bank Revolving Fund -244 4,439 1,969 73,447 78,129 77,885

 Department of Veterans Affairs:

 Veterans Housing Benefit Program Fund ...... 85 -16 462 547 547

 Native American Veteran Housing Fund ...... 4 -1 93 97 97

 Vocational Rehabilitation Loan Fund ...... (**) ...... 1 1 1

 Environmental Protection Agency:

 Water Infrastructure Finance and Innovation Loan Program 87 904 579 1,557 2,374 2,461

 International Assistance Programs:

 International Security Assistance:

 Foreign Military Loan Program ...... ...... ...... 982 982 982

 Military Debt Reduction ...... ...... ...... 39 39 39

 Agency for International Development:

 Development Credit Authority Loan Fund ...... 83 ...... ...... 83 83

 United States International Development Finance Corporation 206 2,114 2,015 8,965 10,872 11,079

 Small Business Administration:

 Business Loan Fund 156 232 21 2,289 2,365 2,521

 Disaster Loan Fund 455 6,099 100,670 360,513 366,157 366,612

 Independent Agencies:

 Export-Import Bank of the United States ...... ...... 65 13,501 13,501 13,501

 Presidio Trust ...... ...... ...... 98 98 98

 Railroad Retirement Board:

 Social Security Equivalent Benefit Account 383 3,309 3,134 4,417 7,344 7,726

 Smithsonian Institution:

 John F. Kennedy Center Parking Facilities ...... ...... ...... 20 20 20

 Other:

 Borrowing from the US Treasury - Other (**) 1 (**) (**) (**) 1

 Total Borrowing from the US Treasury 27,848 72,580 179,382 1,623,412 1,668,144 1,695,992

Borrowing from the Federal Financing Bank:

 Department of Agriculture:

 Rural Utilities Service:

 Rural Electrification and Telecommunications Fund 278 2,121 2,312 51,814 53,657 53,935

 Department of Education:

 Historically Black College and University Capital Financing

 Fund 8 67 73 269 329 336

 Department of Energy:

 Advanced Technology Vehicles Manufacturing Loans 400 1,066 -295 ...... 666 1,066

 Title 17 Innovative Technology Loans -22 182 18 15,219 15,422 15,401

 Department of Health and Human Services:

 Health Maintenance Organization Loan and Loan Guarantee Fund ...... ...... ...... (**) (**) (**)

 Department of Housing and Urban Development:

 Housing Programs:

28
Classification

This Year This Month This Month

Transactions Account Balances

Current Fiscal Year

Close of

This Month

Fiscal Year to Date Beginning of

This Year Prior Year

Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,

May 2023 and Other Periods - Continued

[$ millions]

Borrowing from the Federal Financing Bank: - Continued

 Federal Housing Administration -3 56 44 2,716 2,775 2,772

 Department of Transportation:

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) FFB Financing Account ...... -12 -11 349 337 337

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund 12 59 40 1,149 1,197 1,208

 Department of Veterans Affairs:

 Guaranteed Transitional Housing Loans for Homeless Veterans ...... (**) (**) 4 4 4

 Independent Agencies:

 Postal Service ...... 1,447 -1,000 10,000 11,447 11,447

 Total Borrowing from the Federal Financing Bank 672 4,985 1,180 81,521 85,834 86,506

Note: Details may not add to totals due to rounding. these funds to agencies in lieu of agencies borrowing directly through Treasury

Note: This table includes lending by the Federal Financing Bank accomplished by or issuing their own securities.

the purchase of agency financial assets, by the acquisition of agency debt ... No Transactions

securities, and by direct loans on behalf of an agency. The Federal Financing (**) Less than absolute value of $500,000

Bank borrows from Treasury and issues its own securities and in turn may loan

29
Securities Held as Investments Net Purchases or Sales (-) Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, May 2023 and Other Periods

[$ millions]

Federal Funds:

 Department of Agriculture 3 15 12 262 274 277

 Department of Commerce ...... 2 2 ...... 2 2

 Department of Defense--Military Programs:

 Defense Cooperation Account ...... (**) ...... 8 8 8

 Department of Energy 160 3,109 2,168 59,022 61,971 62,131

 Department of Health and Human Services ...... 16,396 17,931 ...... 16,396 16,396

 Department of Homeland Security 572 488 1,131 2,472 2,388 2,961

 Department of Housing and Urban Development:

 Housing Programs:

 Federal Housing Administration Fund 262 3,361 1,698 119,950 123,049 123,311

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities 888 2,178 2,517 18,494 19,784 20,672

 Department of the Interior 136 2,317 14,401 27,231 29,412 29,548

 Department of Justice 18 3,108 (**) 169 3,259 3,277

 Department of Labor 42 1,514 2,416 55,641 57,113 57,155

 Department of State:

 Foreign Service Retirement and Disability Fund 3 19 280 335 351 354

 Other ...... ...... (**) 12 12 12

 Department of Transportation -9 35 -463 2,418 2,462 2,453

 Department of the Treasury -156 -1,760 -2,545 20,542 18,938 18,782

 Department of Veterans Affairs:

 Veterans Reopened Insurance Fund (**) -5 -7 39 34 34

 National Service Life Insurance 1 5 ...... ...... 5 5

 Servicemen'S Group Life Insurance Fund 125 421 419 3,089 3,385 3,510

 Other Defense Civil Programs:

 Uniformed Services Retiree Health Care Fund 619 30,583 26,223 321,960 351,924 352,543

 International Assistance Programs 69 189 217 6,262 6,382 6,450

 Office of Personnel Management:

 Postal Service Contributions -237 -2,471 -2,274 35,607 33,374 33,136

 Independent Agencies:

 Federal Deposit Insurance Corporation:

 Deposit Insurance Fund -12,461 -47,685 4,635 125,471 90,246 77,786

 FSLIC Resolution Fund 4 26 1 888 910 914

 Federal Housing Finance Agency -28 131 83 114 273 244

 National Credit Union Administration 126 378 2,200 22,092 22,344 22,470

 Postal Service -567 1,265 -2,148 20,924 22,756 22,189

 Other

 Treasury Securities 27 -116 -726 11,503 11,360 11,387

 Other -121 377 -244 1,724 2,222 2,101

 Total Treasury Securities -10,523 13,882 67,928 856,229 880,634 870,111

 Total Federal Funds -10,523 13,882 67,928 856,229 880,634 870,111

Trust Funds:

 Legislative Branch:

 Library of Congress (**) 8 7 42 50 50

 United States Tax Court (**) (**) (**) 13 13 13

 Other 1 -1 3 36 34 34

 Judicial Branch:

 Judicial Retirement Funds -14 225 213 1,795 2,034 2,020

 Department of Agriculture ...... ...... ...... 6 6 6

 Department of Commerce ...... ...... 15 ...... ...... ......

 Department of Defense--Military Programs:

 Voluntary Separation Incentive Fund -1 3 3 51 55 54

 Other -108 -53 -98 1,632 1,688 1,580

 Department of Health and Human Services:

 Federal Supplementary Medical Insurance Trust Fund -1,801 39,423 29,454 167,964 209,188 207,388

 Other -4,168 31,336 34,301 181,699 217,203 213,034

 Department of Homeland Security 128 324 524 11,050 11,245 11,373

 Department of the Interior 89 45 1,350 659 615 704

 Department of Labor:

 Unemployment Trust Fund 15,722 13,448 23,294 73,587 71,313 87,036

 Other -6 2 22 60 68 62

 Department of State:

30
Securities Held as Investments Net Purchases or Sales (-) Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, May 2023 and Other Periods - Continued

[$ millions]

Trust Funds: - Continued

 Foreign Service Retirement and Disability Fund -57 -42 -31 20,681 20,697 20,640

 Other ...... 6 1 43 50 50

 Department of Transportation:

 Airport and Airway Trust Fund 2,104 5,255 -7,402 10,818 13,969 16,073

 Highway Trust Fund -1,279 -3,731 123,286 127,547 125,095 123,815

 Department of the Treasury -94 112 142 4,330 4,536 4,443

 Department of Veterans Affairs:

 General Post Fund, National Homes -20 3 41 116 139 120

 National Service Life Insurance -2 -179 -263 1,096 918 916

 United States Government Life Insurance Fund (**) (**) (**) 1 1 1

 Veterans Special Life Insurance Fund (**) -85 -102 916 831 831

 Corps of Engineers 210 1,597 1,299 9,684 11,070 11,280

 Other Defense Civil Programs:

 Military Retirement Fund 1,541 173,827 146,287 1,194,652 1,366,939 1,368,479

 Other -16 -21 -36 1,067 1,062 1,046

 Environmental Protection Agency -211 1,539 4,095 10,611 12,360 12,150

 National Aeronautics and Space Administration ...... (**) (**) 16 15 15

 Office of Personnel Management:

 Civil Service Retirement and Disability Fund

 Treasury Securities -1,875 -47,654 42,844 1,011,679 965,900 964,025

 Agency Securities 1,875 1,875 ...... ...... ...... 1,875

 Employees Life Insurance Fund 3 697 453 50,990 51,683 51,686

 Employees and Retired Employees Health Benefits Fund -229 -1,414 -54 27,307 26,122 25,893

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust Fund -20,110 -41,698 -25,277 2,723,601 2,702,013 2,681,903

 Federal Disability Insurance Trust Fund 1,246 16,005 9,696 114,679 129,438 130,684

 Independent Agencies:

 Harry S Truman Scholarship Foundation ...... -8 -4 8 ...... ......

 Japan-United States Friendship Commission ...... -1 ...... 36 35 35

 Railroad Retirement Board

 Treasury Securities -155 376 -150 2,452 2,983 2,829

 Agency Securities ...... ...... (**) 1 1 1

 Other

 Treasury Securities -169 -19 -341 1,552 1,702 1,534

 Total Treasury Securities -9,270 189,326 383,570 5,752,475 5,951,071 5,941,801

 Total Agency Securities 1,875 1,875 (**) 1 1 1,876

 Total Trust Funds -7,395 191,201 383,570 5,752,476 5,951,073 5,943,678

Grand Total -17,918 205,083 451,497 6,608,706 6,831,707 6,813,789

Note: Details may not add to totals due to rounding. ... No Transactions

Note: Investments are in Treasury securities unless otherwise noted. (**) Less than absolute value of $500,000

31
Net Transactions

(-) denotes net reduction of Account Balances

asset accounts

Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, May 2023 and Other Periods

[$ millions]

Guaranteed Loan Financing Activity:

 Department of Agriculture:

 Office of the Secretary:

 Food Supply Chain and Agriculture Pandemic Response -1 -13 ...... -3 -15 -16

 Farm Service Agency:

 Commodity Credit Corporation Export Fund -50 -81 -23 130 100 50

 Agricultural Credit Insurance Fund -5 -20 -12 -178 -194 -198

 Natural Resources Conservation Service:

 Agricultural Resource Conservation Demonstration Program ...... ...... ...... (**) (**) (**)

 Rural Housing Service:

 Rural Community Facility Loans (**) (**) -3 -15 -14 -14

 Rural Housing Insurance Fund -6 51 -63 2,086 2,143 2,136

 Rural Business - Cooperative Service:

 Rural Business and Industry Loans 10 -1 -47 -166 -177 -167

 Renewable Energy Guaranteed Loan Account (**) -9 -6 -21 -31 -31

 Biorefinery Assistance Loan Account ...... 139 -1 -70 69 69

 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 ...... ...... (**) -38 -38 -38

 Department of Education:

 Office of Student Financial Assistance:

 Federal Family Education Loans -108 -2,940 -3,472 -7,716 -10,548 -10,656

 Department of Energy:

 Title 17 Innovative Technology Loans 15 15 23 -101 -101 -86

 Department of Health and Human Services:

 Health Resources and Services Administration:

 Health Center Loans ...... (**) (**) -2 -1 -1

 Health Education Assitance Loans ...... ...... ...... -70 -70 -70

 Department of Housing and Urban Development:

 Public and Indian Housing Programs:

 Indian Housing Loans (**) -6 57 -92 -98 -98

 Native Hawaiian Housing Loans -1 -1 (**) (**) (**) -1

 Community Planning and Development:

 Community Development Loans ...... (**) -1 -4 -5 -5

 Housing Programs:

 FHA-Mutual Mortgage Insurance Loans 3,841 3,325 2,538 72,410 71,894 75,735

 FHA-General and Special Risk Fund 1,492 2,419 -198 7,165 8,092 9,584

 Home Ownership Preservation Entity Fund 3 3 (**) 2 1 4

 Government National Mortgage Association:

 Guarantees of Mortgage-Backed Securities 297 -49 -1,247 7,785 7,439 7,736

 Department of the Interior:

 Bureau of Indian Affairs and Bureau of Indian Education (**) -3 -4 -68 -71 -72

 Department of Transportation:

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund ...... ...... ...... (**) (**) (**)

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) Fund (**) (**) -38 -93 -93 -93

 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 31 131 -2,870 -11,492 -11,392 -11,361

 International Assistance Programs:

 Agency for International Development:

32
Net Transactions

(-) denotes net reduction of Account Balances

asset accounts

Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, May 2023 and Other Periods - Continued

[$ millions]

Guaranteed Loan Financing Activity: - Continued

 Ukraine Export Credit Insurance Fund ...... ...... ...... -267 -267 -267

 Loan Guarantees to Israel ...... ...... ...... -966 -966 -966

 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 ...... ...... ...... -1,089 -1,089 -1,089

 Overseas Private Investment Corporation ...... ...... ...... 278 278 278

 United States International Development Finance Corporation -13 9 427 241 262 250

 Microenterprise and Small Enterprise Development ...... ...... ...... (**) (**) (**)

 Urban and Environmental Credit 1 3 3 15 18 18

 Small Business Administration:

 Business Loan Fund -192 2,868 173,801 -53,773 -50,714 -50,906

 Independent Agencies:

 Export-Import Bank of the United States -62 -1,634 -1,619 -2,481 -4,053 -4,114

 Net Activity, Guaranteed Loan Financing 5,253 4,206 167,244 11,247 10,200 15,453

Direct Loan Financing Activity:

 Department of Agriculture:

 Farm Service Agency:

 Agricultural Credit Insurance Fund 180 -384 215 15,197 14,632 14,812

 Farm Storage Facility Loans -11 135 124 1,193 1,338 1,328

 Apple Loans Fund ...... (**) ...... (**) (**) (**)

 Emergency Boll Weevil Loan Fund ...... ...... ...... (**) (**) (**)

 Rural Housing Service:

 Rural Community Facility Loans Fund -43 64 91 11,274 11,380 11,338

 Rural Housing Insurance Fund -10 -117 -792 15,138 15,031 15,020

 Multifamily Housing Revitalization Loan Account ...... ...... 3 524 524 524

 Rural Business - Cooperative Service:

 Rural Business and Industry Loan Fund (**) (**) (**) (**) (**) (**)

 Rural Development Loan Fund -2 -16 -16 245 230 229

 Rural Economic Development Loan Fund 8 16 -21 165 173 181

 Rural Microenterprise Investment Loans (**) -1 -2 37 36 36

 Rural Utilities Service:

 Rural Water and Waste Disposal Loans -7 74 -104 12,810 12,891 12,885

 Rural Electrification and Telecommunications Fund 316 2,705 2,173 54,363 56,752 57,067

 Rural Telephone Bank (**) -2 -5 56 55 55

 Distance Learning and Telemedicine Program -4 -3 -2 480 482 478

 Rural Development Insurance Fund ...... ...... ...... 1,065 1,065 1,065

 Foreign Agricultural Service:

P.L. 480 Direct Loan Fund -7 -39 -44 239 207 201

International Debt Reduction -3 -9 -5 -97 -104 -107

 Department of Commerce:

 National Oceanic and Atmospheric Administration:

 Fisheries Finance 3 -21 -2 361 337 340

 Department of Defense--Military Programs 22 -42 -35 1,592 1,528 1,550

 Department of Education:

 Office of Postsecondary Education:

 College Housing and Academic Facilities Loans ...... (**) (**) 5 4 4

 Historically Black College and University Capital Financing

 Fund 8 67 73 238 297 305

 Office of Student Financial Assistance:

 Federal Direct Student Loans 1,911 543 39,594 758,619 757,250 759,162

 Teach Grant Loans 1 6 14 491 496 497

 Temporary Student Loan Purchase Authority 75 -2,186 -949 26,959 24,698 24,773

 Department of Energy:

 Advanced Technology Vehicles Manufacturing Loans 61 642 -297 -94 487 548

 Title 17 Innovative Technology Loans 190 403 353 15,281 15,494 15,684

 Department of Health and Human Services:

 Consumer Operated and Oriented Plan ...... -66 -4 56 -10 -10

 Consumer Operated and Oriented Plan Program Contingency Fund ...... -4 -4 44 41 41

 Department of Homeland Security:

33
Net Transactions

(-) denotes net reduction of Account Balances

asset accounts

Current Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification

This Month

This Year Prior Year This Year This Month This Month

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, May 2023 and Other Periods - Continued

[$ millions]

Direct Loan Financing Activity: - Continued

 Disaster Assistance Loan Fund ...... -6 -20 -74 -80 -80

 Department of Housing and Urban Development:

 Housing Programs:

 Emergency Homeowners' Relief Fund (**) -1 -1 (**) (**) (**)

 FHA-Mutual Mortgage Insurance Loans ...... ...... ...... (**) (**) (**)

 FHA-General and Special Risk Fund -165 -98 48 2,789 2,856 2,691

 Green Retrofit Program for Multifamily Housing Fund 8 8 -8 7 6 14

 Department of the Interior:

 Bureau of Reclamation ...... (**) -1 27 26 26

 Bureau of Indian Affairs and Bureau of Indian Education (**) (**) (**) (**) (**) (**)

 Assistance to American Samoa Loan Fund -1 -1 -1 7 7 6

 Department of State:

 Administration of Foreign Affairs:

 Repatriation Loans (**) -1 -2 -3 -4 -4

 Department of Transportation:

 Federal Highway Administration:

 Transportation Infrastructure Finance and Innovation Fund -20 3,528 -2,042 11,014 14,563 14,542

 Tiger Tifia Loan Fund ...... -1 -1 61 60 60

 Federal Railroad Administration:

 Railroad Rehabilitation and Improvement Loan Fund ...... -7 -23 624 617 617

 Maritime Administration:

 Maritime Guaranteed Loan (Title XI) FFB Financing Account ...... -14 -11 335 321 321

 Department of the Treasury:

 Departmental Offices:

 Community Development Financial Institutions Fund 12 48 40 1,251 1,288 1,300

 GSE Mortgage-Backed Securities Purchase Program ...... ...... ...... 4,613 4,613 4,613

 Temporary Credit and Liquidity Program -9 -116 -279 1,007 899 890

 Troubled Asset Relief Program (**) -3 -1 3 (**) (**)

 Small Business Lending Program 3 -1 -3 32 29 32

 ESF - Economic Stabilization Program -1,957 -4,455 -9,099 19,057 16,560 14,602

 Bureau of the Fiscal Service ...... ...... ...... (**) (**) (**)

 Department of Veterans Affairs:

 Veterans Benefits Administration:

 Veterans Housing Benefit Program Fund -1 -17 -57 335 319 318

 Native American Veteran Housing Fund (**) -2 -2 62 59 60

 Transitional Housing Loans (**) (**) (**) -1 (**) (**)

 Vocational Rehabilitation Loan Fund (**) (**) (**) (**) (**) (**)

 Environmental Protection Agency:

 Water Infrastructure Finance and Innovation Loan Program 86 885 565 1,556 2,356 2,441

 International Assistance Programs:

 International Security Assistance:

 Foreign Military Loan Program ...... -405 -405 957 553 553

 Military Debt Reduction ...... ...... ...... 39 39 39

 Agency for International Development:

 International Debt Reduction ...... ...... ...... -172 -172 -172

 Development Credit Authority Loan Fund (**) 82 ...... ...... 83 82

 Overseas Private Investment Corporation ...... ...... ...... 2,902 2,902 2,902

 International Monetary Programs ...... ...... ...... -278 -278 -278

 United States International Development Finance Corporation 144 1,281 617 4,293 5,429 5,574

 International Debt Reduction -24 -61 (**) -75 -112 -136

 Small Business Administration:

 Business Loan Fund -3 -21 1 181 163 160

 Disaster Loan Fund -1,989 -42,993 100,898 343,547 302,543 300,554

 Independent Agencies:

 Export-Import Bank of the United States -16 -921 -1,056 7,369 6,464 6,448

 Federal Communications Commission:

 Spectrum Auction Loan Fund (**) (**) (**) (**) (**) (**)

 Net Activity, Direct Loan Financing -1,244 -41,528 129,513 1,317,705 1,277,421 1,276,177

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 2023

[$ millions]

Receipts:

 Individual Income Taxes 175,349 113,701 215,539 262,290 111,986 150,520 380,938 134,184 1,544,506 1,934,657

 Corporation Income Taxes 14,630 2,943 87,818 20,828 2,288 11,487 80,581 13,790 234,364 223,498

 Social Insurance and Retirement Receipts:

 Employment and General Retirement 103,735 111,795 131,685 141,684 119,678 131,292 156,569 122,082 1,018,520 922,186

 Unemployment Insurance 3,741 3,007 530 5,968 2,591 579 6,148 17,506 40,069 52,583

 Other Retirement 543 529 534 516 540 681 527 622 4,493 4,179

 Excise Taxes 5,812 8,043 7,106 5,154 6,258 7,741 3,337 8,195 51,647 53,384

 Estate and Gift Taxes 2,806 2,618 1,611 2,099 9,646 2,294 1,960 3,142 26,174 21,633

 Customs Duties 8,163 7,171 6,552 6,838 6,349 6,152 6,350 6,373 53,948 65,817

 Miscellaneous Receipts 3,720 2,304 3,568 1,913 2,778 2,494 2,111 1,593 20,481 96,650

 Total--Receipts This Year 318,500 252,111 454,942 447,288 262,114 313,240 638,520 307,487 2,994,203 ......

 (On-Budget) 242,627 170,473 358,135 339,029 168,220 210,007 518,378 212,879 2,219,748 ......

 (Off-Budget) 75,873 81,638 96,807 108,259 93,894 103,233 120,142 94,608 774,455 ......

 Total--Receipts Prior Year 283,927 281,208 486,723 465,074 289,857 315,165 863,644 388,988 ...... 3,374,587

 (On-Budget) 212,635 204,153 400,594 365,402 208,785 225,551 753,822 303,706 ...... 2,674,648

 (Off-Budget) 71,292 77,055 86,129 99,672 81,072 89,615 109,822 85,282 ...... 699,939

Outlays:

 Legislative Branch 684 495 432 826 398 503 455 614 4,408 3,842

 Judicial Branch 667 693 732 724 732 934 647 785 5,913 5,677

 Department of Agriculture:

 Commodity Credit Corporation 3,058 2,084 1,683 549 -9 -109 -143 -113 7,000 7,352

 Foreign Agricultural Service 188 198 168 247 99 218 259 249 1,626 1,627

 Other 22,655 23,651 19,450 21,809 18,355 18,109 15,485 16,345 155,858 158,973

 Department of Commerce 1,039 934 1,034 870 895 979 884 1,193 7,827 8,357

 Department of Defense--Military Programs:

 Military Personnel 27,587 13,212 17,731 8,158 13,791 18,732 9,369 13,053 121,634 121,157

 Operation and Maintenance 20,316 24,200 27,473 23,331 24,104 31,784 23,886 28,636 203,731 185,740

 Procurement 8,772 15,361 14,799 7,133 9,973 13,105 9,870 11,212 90,224 88,687

 Research, Development, Test, and Evaluation 14,981 3,906 11,320 6,324 8,157 13,707 10,735 8,462 77,591 68,447

 Military Construction 579 1,301 846 760 737 1,073 694 1,003 6,993 6,343

 Family Housing 94 118 126 91 101 146 104 118 898 900

 Revolving and Management Funds 500 447 450 619 -430 927 -725 -661 1,125 50

 Other 280 -152 92 -159 -153 -94 -448 -13 -647 -459

 Total Department of Defense--Military Programs 73,110 58,393 72,836 46,255 56,280 79,381 53,486 61,809 501,550 470,865

 Department of Education 14,970 22,394 17,884 16,161 14,675 38,077 9,578 12,049 145,789 97,784

 Department of Energy 947 1,704 2,983 2,314 3,500 3,797 3,369 3,042 21,657 18,729

 Department of Health and Human Services:

 National Institutes of Health 3,511 4,792 3,095 3,529 3,590 4,009 3,502 3,912 29,941 26,799

 Centers for Medicare and Medicaid Services:

 Grants to States for Medicaid 46,870 47,332 53,641 47,902 49,580 64,442 49,064 58,267 417,098 386,378

 Federal Hospital Insurance Trust Fund 14,140 33,527 35,719 32,359 32,344 50,631 16,455 32,986 248,160 233,418

 Federal Supplementary Medical Insurance

 Trust Fund 17,797 51,136 45,869 52,500 48,641 80,432 17,903 52,110 366,388 356,671

 Other 43,960 36,555 44,734 46,214 36,389 39,226 53,842 40,403 341,323 327,972

 Administration for Children and Families 7,274 6,736 7,771 6,764 6,825 8,080 7,353 7,656 58,459 55,297

 Other -46,062 -36,146 -54,524 -51,165 -40,908 -45,854 -60,453 -43,453 -378,564 -331,781

 Department of Homeland Security 8,276 6,649 8,392 6,955 6,315 8,295 6,596 8,006 59,485 54,332

 Department of Housing and Urban Development 4,902 4,662 5,354 3,919 4,981 5,356 5,719 208 35,099 36,193

 Department of the Interior 1,279 1,226 1,156 1,179 1,235 1,165 639 1,363 9,243 8,277

 Department of Justice 3,674 3,637 3,137 3,290 3,295 3,440 5,763 4,445 30,684 26,083

 Department of Labor:

 Unemployment Trust Fund 2,230 2,069 2,886 3,432 3,212 3,297 2,737 3,593 23,455 23,754

 Other -3,735 2,042 2,915 38,292 711 1,984 1,470 2,040 45,718 16,400

 Department of State 2,651 2,268 4,010 1,904 1,671 1,940 2,119 3,202 19,765 20,507

 Department of Transportation:

 Highway Trust Fund 4,218 3,865 3,556 2,522 2,600 3,156 2,786 3,959 26,662 23,999

 Other 4,533 5,351 5,439 3,876 4,553 4,258 4,356 7,722 40,089 46,667

 Department of the Treasury:

 Interest on Treasury Debt Securities (Gross) 47,574 55,019 107,412 51,078 45,565 77,578 76,029 69,650 529,906 423,100

 Other 20,046 13,564 24,661 9,074 57,854 31,386 21,298 20,217 198,101 346,411

 Department of Veterans Affairs:

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 2023 - Continued

[$ millions]

Outlays: - Continued

 Compensation and Pensions 771 11,149 22,583 771 12,267 24,128 767 12,639 85,076 83,914

 National Service Life 30 29 28 31 26 26 24 -3 191 294

 Other 10,607 11,328 12,316 11,070 11,858 15,766 11,314 13,092 97,352 88,901

 Corps of Engineers 505 1,109 1,072 275 729 892 516 832 5,930 5,641

 Other Defense Civil Programs -127 5,576 11,317 1,520 6,739 10,813 -1,890 5,616 39,564 35,171

 Environmental Protection Agency 770 706 849 691 794 962 843 961 6,576 6,004

 Executive Office of the President 42 37 40 39 40 58 41 49 346 299

 General Services Administration -284 128 64 -399 -61 365 -409 223 -372 -805

 International Assistance Programs:

 International Security Assistance 2,038 5,501 2,057 414 6,182 3,200 484 2,916 22,792 13,017

 Multilateral Assistance 322 260 1 2 15 419 1,283 374 2,677 2,592

 Agency for International Development 1,595 998 970 1,887 866 1,110 967 2,403 10,796 7,077

 Other -366 -1,050 -2,745 -2,566 -932 -533 110 -337 -8,419 -3,075

 National Aeronautics and Space Administration 1,715 2,109 3,008 1,642 1,607 2,368 1,800 2,083 16,332 14,757

 National Science Foundation 691 653 625 595 680 692 629 661 5,225 4,774

 Office of Personnel Management 10,103 10,110 9,536 10,876 9,689 9,867 10,883 10,477 81,541 75,399

 Small Business Administration 290 157 107 208 158 221 23,902 178 25,221 23,321

 Social Security Administration:

 Federal Old-Age and Survivors Insurance Trust

 Fund (Off-Budget) 92,400 92,255 92,180 100,551 101,096 101,675 102,092 102,769 785,018 703,424

 Federal Disability Insurance Trust Fund

 (Off-Budget) 12,225 11,902 12,057 12,972 12,870 13,011 12,950 12,795 100,782 96,462

 Other -4 4,923 9,851 287 5,335 10,290 259 5,277 36,218 39,176

 Deposit Insurance Fund -86 -437 -1,961 -174 -137 27,390 12,033 11,664 48,292 -4,594

 FSLIC Resolution Fund -2 -3 -4 -3 -3 -3 -3 -4 -27 -2

 Postal Service:

 Off-Budget:

 Public Enterprise Funds 1,239 -21 -153 -764 1,406 -900 -1,512 3,975 3,271 790

 Other 55 ...... 10 206 ...... ...... ...... ...... 271 282

 Other ...... ...... ...... ...... 50 ...... ...... ...... 50 53

 Tennessee Valley Authority -38 151 326 235 -270 -31 -136 129 367 13

 Other 5,110 2,941 3,317 3,381 2,736 4,203 3,273 3,880 28,841 27,706

 Undistributed Offsetting Receipts:

 Employer Share, Employee Retirement -28,832 -8,151 -8,253 -8,298 -8,387 -9,514 -8,495 -9,138 -89,067 -85,636

 Interest Received by Trust Funds -4,136 -5,972 -51,422 -1,970 -3,337 -9,545 -10,144 -6,830 -93,356 -97,928

 Rents and Royalties on the Outer Continental

 Shelf Lands -715 -571 -261 -786 -844 -328 -437 -1,104 -5,046 -8,807

 Other -1 (**) -1 -1 -1 -1 (**) -1 -5 -81,089

 Totals This Year:

 Total Outlays 406,374 500,646 539,943 486,072 524,548 691,317 462,340 547,835 4,159,074 ......

 (On-Budget) 315,869 399,543 467,639 388,957 411,260 579,980 361,603 430,380 3,355,232 ......

 (Off-Budget) 90,505 101,103 72,304 97,115 113,288 111,337 100,736 117,455 803,842 ......

 Total-Surplus (+) or Deficit (-) -87,874 -248,535 -85,001 -38,784 -262,434 -378,076 176,181 -240,348 -1,164,871 ......

 (On-Budget) -73,242 -229,070 -109,504 -49,928 -243,040 -369,973 156,775 -217,501 -1,135,483 ......

 (Off-Budget) -14,632 -19,465 24,503 11,144 -19,394 -8,104 19,406 -22,847 -29,388 ......

 Total Borrowing from the Public 43,244 194,996 -36,185 67,209 21,386 81,031 -87,787 19,085 302,979 1,599,254

 Total-Outlays Prior Year 448,983 472,543 508,026 346,375 506,447 507,799 555,429 455,211 ...... 3,800,813

 (On-Budget) 365,312 379,420 447,074 259,080 406,257 407,602 465,346 353,894 ...... 3,083,985

 (Off-Budget) 83,671 93,123 60,953 87,295 100,190 100,198 90,083 101,316 ...... 716,828

 Total-Surplus (+) or Deficit (-) Prior Year -165,055 -191,335 -21,303 118,699 -216,590 -192,634 308,215 -66,223 ...... -426,226

 (On-Budget) -152,677 -175,267 -46,480 106,321 -197,471 -182,051 288,476 -50,188 ...... -409,337

 (Off-Budget) -12,379 -16,068 25,177 12,377 -19,118 -10,583 19,739 -16,034 ...... -16,888

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

... No Transactions

36
This Month

Excess Beginning of

This Year This Month

Close of

This Month

Fiscal Year to Date Securities Held as Investments

Current Fiscal Year

Classification

Receipts Outlays Excess Receipts Outlays

Table 8. Trust Fund Impact on Budget Results and Investment Holdings as of May 31, 2023

[$ millions]

Trust Receipts, Outlays, and Investments Held:

 Airport and Airway 3,369 1,491 1,877 15,996 12,338 3,658 10,818 13,969 16,073

 Black Lung Disability 28 17 11 183 127 55 ...... ...... ......

 Federal Disability Insurance 14,032 12,795 1,237 116,727 100,782 15,945 114,679 129,438 130,684

 Federal Employees Life and Health ...... 224 -224 ...... 600 -600 78,297 77,805 77,579

 Federal Employees Retirement 5,261 8,744 -3,483 49,498 69,688 -20,190 1,034,168 988,643 988,572

 Federal Hospital Insurance 29,061 33,306 -4,245 280,992 249,688 31,304 177,397 212,852 208,665

 Federal Old-Age and Survivors Insurance 82,660 102,769 -20,109 743,226 785,018 -41,791 2,723,601 2,702,013 2,681,903

 Federal Supplementary Medical Insurance 50,053 52,110 -2,057 406,263 366,388 39,875 167,964 209,188 207,388

 Hazardous Substance Superfund -64 124 -188 2,393 1,057 1,336 9,360 11,032 10,816

 Highways 3,241 5,102 -1,862 26,874 33,830 -6,956 127,547 125,095 123,815

 Military Advances 4,253 3,794 459 34,661 25,322 9,339 ...... ...... ......

 Military Retirement 7,900 6,306 1,594 187,369 43,579 143,791 1,194,652 1,366,939 1,368,479

 Railroad Retirement 830 1,230 -400 7,649 10,210 -2,560 2,454 2,984 2,830

 Unemployment 17,592 3,599 13,993 41,247 23,514 17,733 73,587 71,313 87,036

 Veterans Life Insurance 9 6 3 39 300 -261 2,012 1,751 1,748

 All Other Trust 1,256 924 332 6,920 4,085 2,836 35,940 38,050 38,089

 Total Trust Fund Receipts and Outlays and Investments

 Held from Table 6-D 219,481 232,542 -13,061 1,920,039 1,726,525 193,514 5,752,476 5,951,073 5,943,678

 Less: Interfund Transactions 73,001 73,001 ...... 813,294 813,294 ...... ...... ...... ......

 Trust Fund Receipts and Outlays on the Basis of

 Tables 4 & 5 146,480 159,541 -13,061 1,106,745 913,231 193,514

Total Federal Fund Receipts and Outlays 161,077 388,364 -227,287 1,888,110 3,246,494 -1,358,385

 Less: Interfund Transactions 70 70 ...... 651 651 ......

 Federal Fund Receipts and Outlays on the Basis of

 Table 4 & 5 161,007 388,294 -227,287 1,887,458 3,245,843 -1,358,385

Net Budget Receipts & Outlays 307,487 547,835 -240,348 2,994,203 4,159,074 -1,164,871

Note: Details may not add to totals due to rounding. receipts and outlays since the receipt side of such transactions is offset

Note: Interfund receipts and outlays are transactions between Federal funds and against budget outlays. In this table, Interfund receipts are shown as an

trust funds such as Federal payments and contributions, and interest and profits adjustment to arrive at total receipts and outlays of trust funds respectively.

on investments in Federal securities. They have no net effect on overall budget ... No Transactions

37
Classification This Month Fiscal Year

to Date

Comparable Period

Prior Fiscal Year

Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, May 2023 and Other Periods

[$ millions]

Receipts

 Individual Income Taxes 134,184 1,544,506 1,934,657

 Corporation Income Taxes 13,790 234,364 223,498

 Social Insurance and Retirement Receipts:

 Employment and General Retirement 122,082 1,018,520 922,186

 Unemployment Insurance 17,506 40,069 52,583

 Other Retirement 622 4,493 4,179

 Excise Taxes 8,195 51,647 53,384

 Estate and Gift Taxes 3,142 26,174 21,633

 Customs Duties 6,373 53,948 65,817

 Miscellaneous Receipts 1,593 20,481 96,650

 Total 307,487 2,994,203 3,374,587

Net Outlays

 National Defense 65,761 531,013 495,487

 International Affairs 8,593 47,936 42,028

 General Science, Space, and Technology 3,512 26,280 23,586

 Energy -17 -1,453 -515

 Natural Resources and Environment 4,197 28,298 25,792

 Agriculture 1,713 27,091 21,419

 Commerce and Housing Credit 12,478 54,299 11,792

 Transportation 13,979 77,753 80,125

 Community and Regional Development 4,672 67,289 51,563

 Education, Training, Employment, and Social Services 15,077 171,188 122,975

 Health 81,068 595,304 610,562

 Medicare 72,177 498,211 458,690

 Income Security 63,763 559,726 649,388

 Social Security 115,562 885,602 799,877

 Veterans Benefits and Services 25,669 182,940 173,533

 Administration of Justice 8,026 55,497 48,095

 General Government 1,259 21,889 50,648

 Net Interest 60,589 424,325 311,299

 Undistributed Offsetting Receipts -10,243 -94,114 -175,531

 Total 547,835 4,159,074 3,800,813

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 http://www.access.gpo.gov/usbudget). This

publication is a single volume which provides budget information and

contains:

- Appendix, The Budget of the United States Government, FY

20

- The United States Budget in Brief, FY 20

- Analytical Perspectives

- Historical Tables

 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 June 2023 Statement 

will be 2:00 p.m. EST July 13, 2023.

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