Department of the Treasury – Budget in Brief 

Mandatory Funding Levels for the FY 2019 President’s Budget – Treasury Chapter 

(Dollars in Millions, Includes Legislative Proposals)

Appropriations (Dollars in Millions) FY 2017 FY 2018 FY 2019 FY 2019 FY 2019

Actual Estimated Estimated $ Change % Change

Federal Interest Liabilities to States 0 1 1 0 0.0%

Interest on Public Debt 456,955 504,280 559,012 54,732 10.9%

Interest on Uninvested Funds 8 12 12 0 0.0%

Interest Paid to Credit Financing Accounts 8,352 10,835 11,367 532 4.9%

Payment to the Resolution Funding Corporation 2,628 2,628 2,628 0 0.0%

Refunding Internal Revenue Collections, Interest 1,148 1,267 1,483 216 17.0%

Restitution of Forgone Interest 1,587 732 0 (732) ‐100.0%

Other Interest (44,607) (51,267) (53,655) (2,388) 4.7%

INTEREST PAYMENTS $426,071 $468,488 $520,848 $52,360 11.2%

MANDATORY ACCOUNTS

Build America Bond Payments 3,629 3,645 3,903 258 7.1%

Capital Magnet Fund, Community Development Financial Institutions 118 8 0 (8) ‐100.0%

Check Forgery Insurance Fund 15 10 10 0 0.0%

Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat Restoration Trust Fund 1 1 1 0 0.0%

Claims, Judgments, and Relief Acts 3,320 2,255 2,252 (3) ‐0.1%

Community Development Financial Institutions Fund Program Account 2 4 1 (3) ‐75.0%

Comptroller of the Currency 1,216 1,241 1,279 38 3.1%

Continued Dumping and Subsidy Offset 47 40 43 3 7.5%

Exchange Stabilization Fund 129 263 434 171 65.0%

Federal Financing Bank 1,825 2,103 2,371 268 12.7%

Federal Reserve Bank Reimbursement Fund 524 586 608 22 3.8%

Federal Tax Lien Revolving Fund 1 0 0 0 0.0%

Financial Agent Services 791 841 831 (10) ‐1.2%

Financial Research Fund 90 73 73 0 0.0%

Fiscal Service Debt Collection 164 176 219 43 24.4%

Grants for Specified Energy Property in Lieu of Tax Credits, Recovery Act 1,003 47 0 (47) ‐100.0%

GSE Mortgage‐backed Securities Purchase Program Account 3 2 2 0 0.0%

Gulf Coast Restoration Trust Fund 297 176 335 159 90.3%

Hope Reserve Fund 78 8 0 (8) ‐100.0%

Internal Revenue Collections for Puerto Rico 365 379 391 12 3.2%

IRS Informant Payments 22 32 32 0 0.0%

IRS Miscellaneous Retained Fees 393 415 414 (1) ‐0.2%

IRS Private Collection Agent Program 3 27 32 5 18.5%

Office of Financial Stability 122 79 63 (16) ‐20.3%

Payment of Government Losses in Shipment 1 1 1 0 0.0%

Payment to Issuer of New Clean Renewable Energy Bonds 40 37 40 3 8.1%

Payment to Issuer of Qualified Energy Conservation Bonds 39 36 39 3 8.3%

Payment to Issuer of Qualified School Construction Bonds 673 743 795 52 7.0%

Payment to Issuer of Qualified Zone Academy Bonds 52 58 62 4 6.9%

Payment Where American Opportunity Credit Exceeds Liability for Tax 3,469 3,859 3,993 134 3.5%

Payment Where Certain Tax Credits Exceed Liability for Corporate Tax 626 594 520 (74) ‐12.5%

Payment Where Child Tax Credit Exceeds Liability for Tax 19,408 18,995 33,551 14,556 76.6%

Payment Where Earned Income Credit Exceeds Liability for Tax 59,749 56,763 57,135 372 0.7%

Payment Where Health Coverage Tax Credit Exceeds Liability for Tax 25 29 31 2 6.9%

Payment Where Small Business Health Insurance Tax Credit Exceeds Liability for Tax 6 19 17 (2) ‐10.5%

Presidential Election Campaign Fund 27 26 27 1 3.8%

Refundable Premium Tax Credit and Cost Sharing Reductions 45,629 39,909 36,553 (3,356) ‐8.4%

Reimbursements to Federal Reserve Banks 138 149 158 9 6.0%

Small Business Lending Fund Program Account 5 58 6 (52) ‐89.7%

Terrorism Risk Insurance Program 2 46 127 81 176.1%

Travel Promotion Fund 93 93 0 (93) ‐100.0%

Treasury Forfeiture Fund 118 1,464 1,523 59 4.0%

Troubled Asset Relief Program Account 10 0 0 0 0.0%

Troubled Asset Relief Program Equity Purchase Program 6 0 0 0 0.0%

Subtotal, MANDATORY ACCOUNTS $144,274 $135,290 $147,872 $12,582 9.3%

Offsets:

Treasury Mandatory Offsetting Receipts (30,712) (12,253) (25,176) (12,923) 105.5%

Treasury Offsetting Collections (3,385) (3,617) (4,094) (477) 13.2%

TOTAL, DEPARTMENT OF THE TREASURY $536,248 $587,908 $639,450 $51,542 8.8%
Department of the Treasury – Budget in Brief 

Total Treasury Department Mandatory Budget

The Treasury Department Mandatory Budget 

includes $639 billion dollars in interest 

payments, mandatory accounts, and offsetting 

receipts and collections (offsets). These 

accounts and the estimated budget authority 

are summarized above. Account totals include 

the effects of FY 2019 policy proposals. For 

more detailed descriptions of each account, 

please see the Department of the Treasury 

chapter in the FY 2019 Appendix, Budget of 

the U.S. Government at: 

http://www.whitehouse.gov/omb/budget. 

Interest Payments - $521 billion 

These are permanent, indefinite funds for 

interest payments. This includes Interest on 

the Public Debt, which consists of all interest 

paid on Treasury securities and sold to the 

public and to Federal Government trust Funds, 

revolving funds and deposit funds. Treasury 

interest payment accounts also consist of 

Refunds on Internal Revenue Collections 

interest, Interest on Uninvested Funds, Interest 

paid to Credit Financing Accounts, Federal 

Interest Liabilities to the States, and Payments 

to the Resolution Funding Corporation.

Mandatory Accounts - $148 billion 

These are accounts for which the Congress has 

given the Department of Treasury permanent 

authority to expend funds as appropriations. 

These include appropriations that fund a 

number of programs under Treasury 

jurisdiction such as the Terrorism Risk 

Insurance Program and the Treasury 

Forfeiture Fund. Other accounts that fall 

under mandatory programs include all Internal 

Revenue Service refundable tax credit 

accounts, certain user fees, and informant 

payments. The Department is also a custodian 

for a number of government accounts and 

funds listed in this section and further detailed 

in the FY 2019 Appendix, Budget of the U.S. 

Government. 

Offsets - $29 billion 

Offsets include payments to the Government 

that are not credited directly to expenditure 

accounts (offsetting receipts) and payments 

credited directly to accounts from which they 

will be spent (offsetting collections). The 

receipts offset gross budget authority and 

outlays at the agency or bureau level. The 

collections offset gross budget authority and 

outlays at the account level. 

Treasury’s mandatory offsetting receipts 

primarily include the non-budgetary accounts 

that record all cash flows to and from the 

Government resulting from direct loans 

obligated in 2008 and beyond (including 

modifications of direct loans that resulted 

from obligations in any year). Treasury’s 

mandatory offsetting collections include the 

payments made to accounts such as the Office 

of Comptroller of the Currency, Federal 

Financing Bank, and the Exchange 

Stabilization Fund.