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 2018 President’s Budget by Function 

Dollars in Thousands 
Department of the Treasury – Budget in Brief 

Funding Highlights 

The President’s Fiscal Year 2018 Budget provides $11.2 billion in discretionary funding (a 4 

percent reduction from FY 2017 annualized continuing resolution (CR) levels) for Treasury’s 

operating accounts and $1.5 billion for Treasury’s international assistance programs. This includes: 

 Investing in core administration functions at IRS, modernizing legacy systems and platforms for 

interacting with taxpayers. IRS will utilize technology, training, and internal efficiencies to 

achieve a modest $239 million (two percent) reduction, in support of the President’s 

commitment to deficit reduction. 

 Eliminating funding for Community Development Financial Institutions (CDFI) Fund grants, a 

savings of $210 million from the 2017 annualized CR level. 

 Prioritizing investments in cybersecurity through a Department-wide plan to strategically 

enhance existing security systems and preempt fragmentation of information technology 

management across the bureaus and financial sector.

 Maintaining funding for Treasury’s array of economic enforcement tools and key programs that 

freeze the accounts of terrorists and proliferators, implement sanctions on rogue nations, and 

link law enforcement agencies with financial institutions are critical to the continued safety and 

financial stability of the Nation. 

 Preserving top donor status with international financial institutions while reducing Treasury 

International Programs funding by $803 million, a 35 percent reduction from the FY 2017 

annualized CR level. 

 Targeted savings in nearly every Treasury program. 

Key Initiatives and Reforms 

 On February 3, 2017, the Administration issued the Executive Order on Core Principles for 

Regulating the United States Financial System. The Secretary of the Treasury, with the heads of 

the member agencies of the Financial Stability Oversight Council, is conducting a thorough 

review of the extent to which existing laws, regulations, and other Government policies promote 

(or inhibit) these Core Principles. The President’s Budget includes $35 billion in savings to be 

realized through reforms that prevent bailouts and reverse burdensome regulations that hinder 

financial innovation and reduce access to credit for hardworking American families. 

 Treasury is developing a plan for responding to the Executive Order on a Comprehensive Plan 

for Reorganizing the Executive Branch which will: 

o identify activities and functions that should be eliminated or consolidated because they 

are not core to our mission, are redundant, or are ineffective; 

o guide Treasury’s efforts to reshape its workforce; 

o determine processes and organizational structures that can be streamlined for greater 

efficiencies; and 

o align reform proposals with the priorities, including goals and objectives, under 

development for the FY 2018-2022 Strategic Plan and the FY 2018 and 2019 budgets. 

 The Budget requests statutory authority for BEP to begin construction of a new currency 

production facility in the vicinity of Washington, D.C.

The Budget includes reauthorization and reforms to the CDFI Bond Guarantee Program to 

encourage provision of community development capital without requiring taxpayer subsidies.
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 814 189 1,003 891 107 998 811 107 918

Terrorism and Financial Intelligence 383 31 414 391 31 422 386 31 417Cybersecurity Enhancement 0 0 0 0 0 0 19 0 19Office of Inspector General 164 6 170 194 19 213 175 5 180Treasury Inspector General for Tax Administration 787 2 789 859 2 861 819 2 821Special Inspector General for TARP 137 0 137 192 0 192 100 0 100Community Development Financial Institutions Fund 77 0 77 77 0 77 42 0 42

Financial Crimes Enforcement Network 278 1 279 338 1 339 332 1 333Alcohol and Tobacco Tax and Trade Bureau 470 10 480 494 10 504 456 10 466Bureau of the Fiscal Service 1,626 417 2,043 1,693 427 2,120 1,680 427 2,107

Internal Revenue Service 77,925 640 78,565 77,008 684 77,692 71,199 711 71,910

Subtotal, Treasury Appropriated Level 82,661 1,296 83,957 82,137 1,281 83,418 76,019 1,294 77,313Office of Financial Stability (Administrative Account) 67 0 67 53 0 53 43 0 43

Small Business Lending Fund Program 11 0 11 7 0 7 8 0 8

State Small Business Credit Initiative 10 10 9 9 0

Capital Magnet Fund 7 7 6 6Office of Financial Research 208 0 208 223 0 223 139 0 139Financial Stability Oversight Council 22 22 23 23 21 21

Treasury Franchise Fund 0 1,715 1,715 0 1,794 1,794 0 1,848 1,848

Bureau of Engraving and Printing 1,818 0 1,818 1,842 0 1,842 1,842 0 1,842

United States Mint 1,692 0 1,692 1,801 0 1,801 1,801 0 1,801

Office of the Comptroller of the Currency 0 3,845 3,845 0 3,938 3,938 0 4,041 4,041

Terrorism Insurance Program 3 0 3 10 0 10 10 0 10IRS Private Collection Agent Program 5 5 17 17 84 84Subtotal, Treasury Non-Appropriated Level 3,836 5,560 9,396 3,992 5,732 9,724 3,954 5,889 9,843Total, Treasury 86,497 6,856 93,353 86,129 7,013 93,142 79,973 7,183 87,1561/ A portion of Fiscal Service's Reimbursable/Fee FTE is funded by fee revenue as authorized by the Debt Collection Improvement Act (DCIA) of 1996.2/ 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. 

2016 Actual 2017 Annualized CR Rate 2018 President's Budget
Department of the Treasury – Budget in Brief 

 DO TFI Cyber DSCIP OIG TIGTA SIGTAR

P CDFI FinCEN T T B FS IRS Subtotal T EOAF T otal

FY 2017 Annualized CR Rate $222,077 $116,778 $0 $4,990 $35,349 $166,957 $40,594 $233,079 $112,764 $106,237 $363,158 $11,213,642 $12,615,625 ($876,000) $11,739,625 

(MCLs)Maintaining Current Levels $4,284 $2,315 - - $729 $3,335 $809 - $2,276 $2,102 $6,971 $220,035 $242,856 - $242,856 Non-Recurring Costs - - - ($4,990) - - - - - - ($14,890) - ($19,880) - ($19,880)

Efficiency Savings - ($2,315) - - - - - - ($1,206) ($570) ($1,935) - ($6,026) - ($6,026)

FY 2018 Base $226,361 $116,778 $0 $0 $36,078 $170,292 $41,403 $233,079 $113,834 $107,769 $353,304 $11,433,677 $12,832,575 ($876,Adjustments to Base $4,284 $0 $0 ($4,990) $729 $3,335 $809 $0 $1,070 $1,532 ($9,854) $220,035 $216,950 $0 $216,950 

000) $11,956,575 

Program Decreases ($24,610) - - - ($1,966) ($9,179) ($21,106) ($219,079) ($1,070) ($9,111) ($22,467) ($638,126) ($946,714) - ($946,714)Program Increases - - $27,264 $4,426 - - - - - - - $179,449 $211,139 - $211,139

Subtotal, Program Changes ($24,610) $0 $27,264 $4,426 ($1,966) ($9,179) ($21,106) ($219,079) ($1,070) ($9,111) ($22,467) ($458,677) ($735,575) $0 ($735,575)FY 2018 President's Budget $201,751 $116,778 $27,264 $4,426 $34,112 $161,113 $20,297 $14,000 $112,764 $98,658 $330,837 $10,975,000 $12,097,000 ($876,000) $11,221,000 

(Dollars in Thousands)

Summary of FY 2018 Increases and Decreases