Department of the Treasury – Budget in Brief

Mission Statement

Maintain a strong economy and create economic and job opportunities by promoting conditions 

that enable economic growth and stability at home and abroad; strengthen national security by 

combating threats and protecting the integrity of the financial system; and manage the U.S. 

Government’s finances and resources effectively.

Executive Summary

FY 2019 President’s Budget Discretionary Appropriation Request

Dollars in Thousands

 

FY 2017 FY 2018 FY 2019 Increase/ Percent

Enacted Annualized CR 

Rate Request Decrease Change

Management & Financial $1,473,456 $1,463,449 $1,181,636 ($291,820) -19.81%

Departmental Offices Salaries and Expenses $224,376 $222,852 $201,751 ($22,625) -10.08%

Terrorism and Financial Intelligence $123,000 $122,165 $159,000 $36,000 29.27%

Cybersecurity Enhancement $47,743 $47,419 $25,208 ($22,535) -47.20%

Department-wide Systems and Capital 

Investments Program $3,000 $2,980 $4,000 $1,000 33.33%

Office of Inspector General $37,044 $36,792 $36,000 ($1,044) -2.82%

Treasury IG for Tax Administration $169,634 $168,482 $161,113 ($8,521) -5.02%

Special Inspector General for TARP $41,160 $40,880 $17,500 ($23,660) -57.48%

Community Development Financial Institutions 

Fund $248,000 $246,316 $14,000 ($234,000) -94.35%

Financial Crimes Enforcement Network $115,003 $114,222 $117,800 $2,797 2.43%

Alcohol and Tobacco Tax and Trade Bureau $111,439 $110,682 $114,427 $2,988 2.68%

Bureau of the Fiscal Service $353,057 $350,659 $330,837 ($22,220) -6.29%

Tax Administration1 $11,235,000 $11,158,703 $11,135,000 ($100,000) -0.89%

IRS Taxpayer Services $2,455,754 $2,349,688 $2,241,000 ($214,754) -8.74%

IRS Enforcement $4,640,000 $4,606,996 $4,628,204 ($11,796) -0.25%

IRS Operations Support $3,849,246 $3,913,988 $4,155,796 $306,550 7.96%

IRS Business Systems Modernization $290,000 $288,031 $110,000 ($180,000) -62.07%

IRS Cap Adjustment 2 $0 $0 $361,571 $361,571 NA

IRS Total, Including Cap Adjustment $11,235,000 $11,158,703 $11,496,571 $261,571 2.33%

Subtotal, Treasury Appropriations excluding 

Cap Adjustment and TEOAF $12,708,456 $12,622,152 $12,316,636 ($391,820) -3.08%

Treasury Forfeiture Fund Total3 ($1,302,000) ($1,302,000) ($400,000) $902,000 -69.28%

Temporary Rescission ($988,000) ($988,000) $988,000 -100.00%

Permanent Rescission ($314,000) ($314,000) ($400,000) ($86,000) 27.39%

Subtotal, Treasury Appropriations including 

TEOAF $11,406,456 $11,320,152 $11,916,636 $510,180 4.47%

Treasury International Programs $1,800,577 $1,788,349 $1,446,422 ($354,155) -19.67%

Multilateral Development Banks $1,571,014 $1,560,345 $1,348,122 ($222,892) -14.19%

Food Security $53,000 $52,640 $0 ($53,000) -100.00%

Environmental Trust Funds $146,563 $145,568 $68,300 ($78,263) -53.40%

Office of Technical Assistance $30,000 $29,796 $30,000 $0 0.00%

Total, Treasury Appropriations $13,207,033 $13,108,501 $13,363,058 $156,025 1.18%

FY 2017 Enacted to FY 2019

1/ IRS FY 2017 Enacted levels include $220 million transfer from Enforcement to Taxpayer Services ($90 million) and Operations 

Support ($130 million). IRS FY 2018 Annualized CR levels include notional $220 million transfer from Enforcement to 

Operations Support. 

2/ IRS Program Integrity Cap Adjustment includes $205 million for Enforcement and $157 million for Operations Support.

3/ In FY 2017 and FY 2018, it includes ($187,000,000) of the DHS Rescission (temporary).
Department of the Treasury – Budget in Brief

OVERVIEW OF REQUEST

The Budget requests $12.3 billion in base discretionary resources for the Department of the 

Treasury’s domestic programs, a $392 million or 3 percent decrease from the FY 2017 enacted 

level. It also requests $1.4 billion for Treasury’s international programs, a $354 million or 

19.7 percent decrease from the FY 2017 enacted level. The Budget:

• Provides $159 million for Treasury’s Office of Terrorism and Financial Intelligence (TFI), a 

$36 million increase over the FY 2017 enacted level; and $118 million for the Financial 

Crimes Enforcement Network (FinCEN), a $3 million increase over the FY 2017 enacted 

level. These increases will allow TFI and FinCEN to continue their critical work 

safeguarding the financial system from abuse and combating other national security threats 

using non-kinetic economic tools. These additional resources will be deployed to 

economically isolate North Korea, stand up the Terrorist Financing Targeting Center in Saudi 

Arabia, implement the Countering America’s Adversaries Through Sanctions Act, and 

counter the financial networks that support terrorists, organized transnational crime, weapons 

of mass destruction proliferators, and other threats. 

• Provides $11.1 billion for the Internal Revenue Service (IRS) from base discretionary 

appropriations to collect more than $3 trillion in revenue and continue administering the first 

comprehensive tax reform legislation in over 30 years. This funding includes $199 million to 

further invest in cybersecurity safeguards for taxpayer data and empower taxpayers with 

modern customer service options.

o In addition to base discretionary resources, the Budget proposes a program integrity 

initiative to support deficit reduction and narrow the gap between taxes owed and taxes 

paid. The FY 2019 Budget investment is $362 million. Additional resources will be 

provided in later years. These investments will generate approximately $43.8 billion in 

additional revenue and will cost approximately $15 billion, yielding estimated net savings 

of $28.8 billion over ten years. 

• Provides $25 million to proactively and strategically protect the Treasury information 

technology (IT) systems that carry out these activities as well as those that account for, and 

process, trillions of dollars in revenue and payments from cybersecurity threats.

• Proposes to impose appropriate Congressional oversight of the Treasury Financial Stability 

Oversight Council and Office of Financial Research (OFR) by subjecting their activities to 

the normal appropriations process. The Budget reflects continued reductions in OFR 

spending commensurate with the renewed fiscal discipline being applied across the Federal 

Government.
Department of the Treasury – Budget in Brief

• Eliminates funding for the Community Development Financial Institutions (CDFI) Fund’s 

discretionary grant and direct loan programs, a savings of $234 million from the FY 2017 

enacted level. The CDFI Fund was created more than 20 years ago to increase access to 

capital and financial services in communities characterized by high rates of poverty and 

unemployment, low incomes, and other economic challenges. The Budget assumes that 

CDFIs have access to other sources of capital. However, the Budget maintains funding for 

administrative expenses to support ongoing CDFI Fund program activities, including the New 

Markets Tax Credit program, and proposes to extend the CDFI Bond Guarantee Program, 

which offers CDFIs low-cost, long-term financing at no cost to taxpayers, because the 

program requires no credit subsidy.

• Proposes to provide the Bureau of Engraving and Printing (BEP) with the authority to vacate 

its aging production facility, purchase land, and construct a new facility in the National 

Capital Region, which would result in an estimated 10-year savings of $579 million in lower 

project costs, ultimately lowering operating costs.

• Provides $1.4 billion for Treasury’s International Programs to support the most critical 

investments in multilateral development institutions, while ensuring that U.S. contributions 

are set at an appropriate level relative to our partner countries. The proposed funding level 

meets current year U.S. commitments to international financial institutions and maintains 

funding for the Office of Technical Assistance. 

REFORM PROPOSALS

Treasury’s reform plan includes proposals that will drive efficiency and effectiveness within the 

Department and across government.

• Treasury proposes consolidating coordination of the federal government’s financial education 

programs, which are currently spread across more than 20 executive agencies.

• In coordination with the Department of Justice’s Bureau of Alcohol, Tobacco, Firearms, and 

Explosives (ATF), Treasury’s Alcohol and Tobacco Tax and Trade Bureau (TTB) proposes 

to assume responsibility for federal tobacco and alcohol tax jurisdiction.

• Treasury proposes to merge certain functions currently performed by both BEP and United 

States Mint, such as the sales and marketing of collectible products and non-IT procurement.

 

• In light of a declining number of private American printing firms providing secure printing 

for official documents (birth, marriage, and death certificates), Treasury will offer intaglio 

printing services to states and local governments using BEP’s secure printing technology.
Department of the Treasury 

– Budget in Brief

Fiscal Year Comparison of Full-Time Equivalent (FTE) Staffing (Direct and Reimbursable)

Appropriation Direct Reimb. Total Direct Reimb. Total Direct Reimb. Total

Departmental Offices Salaries and Expenses 856 99 955 856 100 956 646 58 704 

Terrorism and Financial Intelligence 395 33 428 421 36 457 518 36 554 Cybersecurity Enhancement - - - 19 - 19 19 - 19 Office of Inspector General 158 7 165 175 5 180 175 5 180 Treasury Inspector General for Tax Administration 800 2 802 800 2 802 800 2 802 Special Inspector General for TARP 139 - 139 140 - 140 85 - 85 Community Development Financial Institutions Fund 74 - 74 74 - 74 42 - 42 Financial Crimes Enforcement Network 274 1 275 304 1 305 332 1 333 Alcohol and Tobacco Tax and Trade Bureau 478 10 488 507 10 517 492 10 502 Bureau of the Fiscal Service 2,084 10 2,094 2,110 10 2,120 2,089 10 2,099 Internal Revenue Service funded from regular appropriations 76,831 854 77,685 73,870 1,034 74,904 70,876 553 71,429 

integrity cap adjustment

Internal Revenue Service funded from proposed program 1,691 1,691 Subtotal, Treasury Appropriated Level 82,089 1,016 83,105 79,276 1,198 80,474 77,765 675 78,440 Office of Financial Stability (Administrative Account) 52 - 52 34 - 34 24 - 24 Small Business Lending Fund Program 8 - 8 8 - 8 6 - 6 State Small Business Credit Initiative 9 - 9 - - - - - - Capital Magnet Fund 4 - 4 5 - 5 5 - 5 Office of Financial Research 236 - 236 208 - 208 158 - 158 Financial Stability Oversight Council - - - - - Treasury Franchise Fund - 1,702 1,702 - 1,770 1,770 - 1,977 1,977 Bureau of Engraving and Printing - 1,818 1,818 - 1,842 1,842 - 1,836 1,836 United States Mint - 1,645 1,645 - 1,705 1,705 - 1,705 1,705 Office of the Comptroller of the Currency - 3,908 3,908 - 3,945 3,945 - 3,987 3,987 

Terrorism Insurance Program 5 - 5 9 - 9 9 - 9 IRS Private Collection Agent Program - - - 10 - 10 110 - 110 Subtotal, Treasury Non-Appropriated Level 314 9,073 9,387 274 9,262 9,536 312 9,505 9,817 Total, Treasury 82,403 10,089 92,492 79,550 10,460 90,010 78,077 10,180 88,257 2/ IRS FY 2018 Total FTE is overstated in the President's Budget Appendix by 102 FTE as a result of a reporting error in the Business Systems Modernization account. 1/ A portion of Fiscal Service's Reimbursable/Fee FTE is funded by fee revenue as authorized by the Debt Collection Improvement Act (DCIA) of 1996.

2017 Actual 2018 Annualized CR Rate 2019 President's Budget
Department of the Treasury 

– Budget in Brief

FY 2019 President's Budget by Strategic Goal (Dollars in Thousands)

Treasury Goal/Objective Boost U.S. Economic Growth Promote Financial Stability Enhance National Security Transform Government-wide Financial Stewardship Achieve Operational Excellence Total

Management & Financial $372,755 $21,926 $300,347 $410,146 $76,462 $1,181,636 

Departmental Offices Salaries and Expenses $84,615 $20,275 $23,547 $24,409 $48,905 $201,751 Terrorism and Financial Intelligence $159,000 $159,000 Cybersecurity Enhancement $1,651 $23,557 $25,208 

Department-wide Systems and Capital Investments Program $4,000 $4,000 Office of Inspector General $36,000 $36,000 Treasury Inspector General for Tax Administration $161,113 $161,113 Special Inspector General for TARP $17,500 $17,500 Community Development Financial Institutions Fund $12,600 $1,400 $14,000 Financial Crimes Enforcement Network $117,800 $117,800 Alcohol and Tobacco Tax and Trade Bureau $114,427 $114,427 Bureau of the Fiscal Service $330,837 $330,837 

Tax Administration $11,135,000 $11,135,000 

IRS Taxpayer Services $2,241,000 $2,241,000 IRS Enforcement $4,628,204 $4,628,204 

IRS Operations Support $4,155,796 $4,155,796 Business Systems Modernization $110,000 $110,000 IRS Cap Adjustment 2 $361,571 $361,571 IRS Total, Including Cap Adjustment $11,496,571 $0 $0 $0 $0 $11,496,571 

Total, Treasury Appropriations Committee Excluding Cap Adjustment and TEOAF $11,507,755 $21,926 $300,347 $410,146 $76,462 $12,316,636 

Treasury International Programs $30,000 $1,416,423 $1,446,423 

Total, Appropriated Level1 $11,507,755 $51,926 $300,347 $1,826,569 $76,462 $13,763,059 Non-Appropriated Accounts

Office of Financial Stability (Administrative Account) $63,065 $63,065 

Terrorism Risk Insurance (Administrative) $3,000 $3,000 Financial Stability Oversight Council $5,527 $5,527 $11,054 Office of Financial Research $37,636 $37,636 $75,271 

Bureau of Engraving and Printing $896,430 $896,430 United States Mint $2,970,276 $2,970,276 Office of the Comptroller of the Currency $1,004,977 $251,244 $1,256,221 Federal Reserve Bank $608,000 $608,000 Reimbursable to the Federal Reserve Banks $157,500 $157,500 Financial Agent Services $832,500 $832,500 

Total, Non-Appropriated Level $4,914,845 $294,407 $3,000 $1,661,065 $0 $6,873,317 Grand Total $16,422,600 $346,333 $303,347 $3,487,634 $76,462 $20,636,376 1/ Total does not include the proposed $400 million Forfeiture Fund permanent cancellation. 2/ IRS Program Integrity Cap Adjustment includes $205 million for Enforcement and $157 million for Operations Support which would be added to the Economic Growth goal.
Department of the Treasury – Budget in Brief