Hospitals & Asylums
Treasury Department Budget Request Total FY 17 -
FY 25
(millions)
|
FY 17 |
CR 18 |
FY 19 |
FY 20 |
FY 21 |
FY 22 |
FY 23 |
FY 24 |
FY 25 |
|
|
Total Budget Request |
550,753 |
602,293 |
702,120 |
1,636,317 |
1,340,614 |
970,353 |
826,970 |
818,553 |
917,744 |
|
|
|
|
|
|
|
|
|
|
|
|
Discretionary |
14,509 |
14,412 |
14,345 |
14,722 |
15,291 |
16,180 |
16,546 |
16,723 |
16,780 |
|
Interest Payment |
426,071 |
468,488 |
540,543 |
492,915 |
528,661 |
548,594 |
570,796 |
568,163 |
584,564 |
|
Mandatory Accounts |
10,559 |
10,196 |
9,783 |
16,255 |
30,615 |
10,727 |
7,258 |
8,252 |
7,987 |
|
Tax Direct Spending |
133,711 |
125,067 |
163,206 |
168,094 |
226,026 |
298,566 |
193,294 |
190,222 |
295,485 |
|
Pandemic Response and Recovery Programs |
0 |
0 |
0 |
957,368 |
575,316 |
38,543 |
63,533 |
40,675 |
17,435 |
|
Funding the IRS and Improving Taxpayer Compliance |
0 |
0 |
0 |
0 |
1,893 |
79,969 |
2,679 |
6,558 |
9,010 |
|
Offsets to Mandatory Outlays |
-34,097 |
-15,870 |
-25,757 |
-13,037 |
-37,188 |
-22,226 |
-27,136 |
-12,040 |
-13,517 |
Source: Mnuchin, Steven; Yellen, Janet. US Department of Treasury. FY 19 – FY 21, FY 22 & FY 24 Budget-in-brief; public must add up total; Treasury FY 22 request of $731.2 billion has gone up due to (1) Child Tax Credit FY 25, (2) ACA Refundable Premium FY 23-25, (3) IRS Mandatory FY 22-25, undistributed offsetting receipt treatment of $79,969 million and credit on Enhancement of Internal Revenue in Sec. 10301 of the Inflation Reduction Act (IRA) PL 117-130 August 16, 2022 (fraud) to provide consistent annual accounting pursuant to Audit Standard No. 6 Evaluating Consistency of Financial Statement by the Public Company Accounting Oversight Board (2008) and Rule 66 of the International Public Sector Standards Board Handbook of International Public Sector Accounting 2022 Edition Vol. I
Total IRS Funding FY 17
– FY 25
(millions)
|
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
IRS Discretionary |
11,235 |
11,159 |
11,303 |
11,511 |
11,919 |
12,594 |
12,470 |
12,640 |
12,320 |
|
IRS, Mandatory |
0 |
0 |
0 |
0 |
1,893 |
79,969 |
2,679 |
6,558 |
9,010 |
|
IRS, Total |
11,235 |
11,159 |
11,303 |
11,511 |
13,812 |
92,563 |
15,149 |
19,198 |
21,330 |
|
Undistributed Offsetting Receipts |
0 |
0 |
0 |
0 |
0 |
79, 969 |
0 |
0 |
0 |
|
Spending of $80 billion |
0 |
0 |
0 |
0 |
1,893 |
1,893 |
4,572 |
11,130 |
20,140 |
Source: Mnuchin, Steven; Yellen, Janet. US Department of Treasury. FY 19 – FY 25; Enhancement of Internal Revenue in Sec. 10301 of the Inflation Reduction Act (IRA) PL 117-130 August 16, 2022, PFT 50 crunches, 50 push-ups and 3 mile run for three meals, weight loss fat metabolism diet of PFT for two meals.
Treasury Department Discretionary Appropriations
FY17 - FY25
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
|
Discretionary Appropriations total |
14,509 |
14,412 |
14,345 |
14,722 |
15,291 |
16,435 |
16,546 |
16,723 |
16,780 |
|
|
|||||||||
|
Management & Financial (subtotal) |
1,473 |
1,464 |
1,479 |
1,548 |
1,554 |
1,705 |
1,894 |
1,901 |
2,038 |
|
|
|
|
|
|
|
|
|
|
|
|
Department Offices Salaries and Expenses |
224 |
223 |
215 |
228 |
233 |
243 |
278 |
285 |
312 |
|
Committee on Foreign Investment (CFIUS) |
0 |
0 |
20 |
20 |
20 |
20 |
20 |
20 |
21 |
|
CFI |
0 |
0 |
0 |
0 |
-20 |
-20 |
-20 |
-20 |
-21 |
|
Terrorism and Financial Intelligence (TFI) |
123 |
122 |
159 |
170 |
175 |
195 |
190 |
195 |
231 |
|
Cybersecurity Enhancement Account |
48 |
47 |
25.2 |
18 |
18 |
80 |
135 |
139 |
150 |
|
Capital Investments Program |
3 |
3 |
4 |
6.1 |
6.1 |
6.1 |
11.1 |
11.1 |
14.5 |
|
Office of Inspector General |
37 |
37 |
37 |
41 |
41 |
42 |
48.9 |
48.9 |
50.2 |
|
Treasury IG for Tax Administration |
170 |
169 |
170.3 |
170.3 |
170.3 |
174.3 |
174.3 |
174.3 |
179.1 |
|
Special Inspector General for TARP |
41 |
41 |
23 |
22 |
19 |
16 |
9 |
0 |
0 |
|
Special IG for Pandemic Recovery |
0 |
0 |
0 |
0 |
0 |
8 |
12 |
12 |
5.3 |
|
Community Development Financial Institutions Fund |
248 |
246 |
250 |
262 |
270 |
295 |
324 |
324 |
324.9 |
|
Financial Crimes Enforcement Network |
115 |
114 |
117.8 |
126 |
127 |
161 |
190.1 |
190.2 |
215.7 |
|
Alcohol and Tobacco Tax and Trade Bureau |
111 |
111 |
120 |
120 |
124 |
129 |
148.9 |
148.9 |
159.2 |
|
Bureau of the Fiscal Service |
353 |
351 |
338 |
340 |
346 |
356 |
372.5 |
372.5 |
396.2 |
|
Digitization of Unredeemed Matured Savings Bonds Records |
0 |
0 |
0 |
25 |
25 |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Internal Revenue Service (subtotal) |
11,235 |
11,159 |
11,303 |
11,511 |
11,919 |
12,594 |
12,470 |
12,640 |
12,320 |
|
|
|||||||||
|
IRS Taxpayer Services |
2,456 |
2,350 |
2,492 |
2,536 |
2,587 |
2,808 |
2,781 |
2,781 |
2,781 |
|
IRS Enforcement |
4,640 |
4,607 |
4,666 |
4,910 |
5,005 |
5,364 |
5,438 |
5,438 |
5,438 |
|
IRS Operations Support |
3,849 |
3,914 |
3,918 |
3,885 |
4,104 |
4,148 |
4,101 |
4,101 |
4,101 |
|
IRS Business Systems Modernization |
290 |
288 |
150 |
180 |
223 |
275 |
150 |
320 |
0 |
|
Tax Reform Implementation |
0 |
0 |
77 |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
Tax Administration excluding TEOAF |
12,708 |
12,623 |
12,782 |
13,059 |
13,474 |
14,299 |
14,364 |
14,541 |
14,358 |
|
Treasury Executive Office of Asset Forfeiture Program (TEOAF) Permanent
Rescission |
0 |
0 |
0 |
-75 |
-75 |
-175 |
-150 |
-150 |
0 |
|
Tax Administration Including TEOAF (subtotal) |
12,708 |
12,623 |
12,782 |
12,984 |
13,399 |
14,124 |
14,214 |
14,391 |
14,358 |
|
|
|
|
|
|
|
|
|
|
|
|
Treasury International Programs (subtotal) |
1,801 |
1,789 |
1,563 |
1,738 |
1,890 |
2,056 |
2,331.5 |
2,331.5 |
2,533.4 |
|
|
|
|
|
|
|
|
|
|
|
|
Multilateral Development Banks |
1,571 |
1,560 |
1,348 |
1,522 |
1,481 |
1,527 |
1,906.3 |
1,906.3 |
2,168.2 |
|
Food Security |
53 |
53 |
30 |
30 |
33 |
48 |
20 |
20 |
0 |
|
IMF Facilities and Trust Funds |
0 |
0 |
0 |
0 |
0 |
102 |
20 |
20 |
0 |
|
Energy and Environment Funds |
147 |
146 |
140 |
140 |
140 |
274 |
275.2 |
275.2 |
300.2 |
|
Office of Technical Assistance (OTA) |
30 |
30 |
30 |
30 |
33 |
38 |
38 |
38 |
40 |
|
Debt Restructuring |
0 |
0 |
15 |
15 |
297 |
67 |
72 |
72 |
10 |
|
Treasury Int’l Assistance Programs |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
15 |
|
|
|
|
|
|
|
|
|
|
|
|
Treasury Appropriations (subtotal excluding Forfeiture) |
14,509 |
14,412 |
14,345 |
14,797 |
15,364 |
16,356 |
16,696 |
16,873 |
16,891 |
|
Treasury Appropriations (subtotal including Forfeiture) |
14,509 |
14,412 |
14,345 |
14,722 |
15,289 |
16,180 |
16,546 |
16,723 |
16,891 |
|
Rescission: Debt Restructuring |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
-111 |
|
|
|
|
|
|
|
|
|
|
|
|
Treasury Discretionary Appropriations Total |
14,509 |
14,412 |
14,345 |
14,722 |
15,291 |
16,180 |
16,546 |
16,723 |
16,780 |
Source: Mnuchin, Steven; Yellen, Janet. US Department of Treasury.
FY 19 – FY 21, FY 22, and FY 24 Budget-in-brief
Treasury Department Mandatory Funding Interest Payments FY 17 – FY
25
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
|
Total Interest Payments |
426,071 |
468,488 |
540,543 |
492,915 |
528,661 |
548,594 |
570,796 |
568,163 |
584,564 |
|
|
|
|
|
|
|
|
|
|
|
|
Payment of the Resolution Funding Corporation |
2,628 |
2,628 |
2,628 |
2,445 |
1,367 |
920 |
920 |
920 |
920 |
|
Interest on Uninvested Funds |
8 |
12 |
39 |
23 |
2 |
8 |
21 |
24 |
23 |
|
Restitution of Forgone Interest |
1,587 |
732 |
2,371 |
116 |
0 |
1,135 |
3,292 |
0 |
0 |
|
Federal Interest Liabilities to States |
0 |
1 |
0 |
0 |
0 |
0 |
0 |
1 |
1 |
|
Interest Paid to Credit Financing Accounts |
8,352 |
10,835 |
7,122 |
23,315 |
12,762 |
12,733 |
11,883 |
13,692 |
13,379 |
|
Refunding Internal Revenue Collections, Interest |
1,148 |
1,267 |
2,042 |
2,957 |
3,033 |
3,540 |
10,229 |
4,242 |
3,133 |
|
Interest on Public Debt |
456,955 |
504,280 |
572,913 |
522,652 |
562,388 |
579,260 |
596,637 |
614,537 |
632,973 |
|
Other Interest |
-44,607 |
-51,267 |
-46,572 |
-58,593 |
-50,891 |
-49,002 |
-52,186 |
-65,253 |
-65,865 |
Source: Mnuchin, Steven; Yellen, Janet. US Department of Treasury.
FY 19 –FY 25 Budget-in-brief. Interest on Public Debt assumed to increase 3
percent from 2022; more calculus is needed to (1) produce a stochastic
projection comparing actual and 3 percent of GDP deficit sales since FY 22
taper tantrum (2) solve the debt retirement equation whereby FY 21 gross
federal debt + 3% of GDP FY 22-25– FY94 gross public debt - interest payments
FY95-25 = outstanding public debt
Treasury Department Mandatory Funding, Accounts FY 17 – FY 25
(millions)
|
Mandatory Accounts |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
Mandatory Programs (subtotal) |
10,559 |
10,196 |
9,783 |
16,255 |
30,615 |
10,727 |
7,258 |
8,252 |
7,987 |
|
|
|
|
|
|
|
|
|
|
|
|
Capital Magnet Fund, Community Development Financial
Institutions |
118 |
8 |
134 |
174 |
371 |
397 |
118 |
318 |
259 |
|
Check Forgery Insurance Fund |
15 |
10 |
4 |
6 |
21 |
26 |
20 |
3 |
2 |
|
Cheyenne River Sioux Tribe Terrestrial Wildlife Habitat
Restoration Trust Fund |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
0 |
1 |
|
Claims, Judgments, and Relief Acts |
3,320 |
2,255 |
1,706 |
8,365 |
8,480 |
2,444 |
2,011 |
2,020 |
2,069 |
|
Community Development Financial Institutions Fund Program
Account |
2 |
4 |
7 |
8 |
17 |
19 |
11 |
11 |
3 |
|
Comptroller of the Currency |
1,216 |
1,241 |
1,171 |
1,056 |
1,166 |
1,224 |
1,144 |
1,183 |
1,191 |
|
Continued Dumping and Subsidy Offset |
47 |
40 |
17 |
57 |
4 |
9 |
8 |
19 |
2 |
|
Debt Collection, Fiscal Service |
164 |
176 |
223 |
230 |
149 |
0 |
0 |
0 |
0 |
|
Debt Collection Fund |
0 |
0 |
0 |
0 |
0 |
188 |
167 |
199 |
209 |
|
Exchange Stabilization Fund |
129 |
263 |
510 |
139 |
11,655 |
125 |
0 |
0 |
0 |
|
Federal Financing Bank |
1,825 |
2,103 |
2,571 |
3,036 |
2,204 |
2,145 |
0 |
0 |
0 |
|
Federal Reserve Bank Reimbursement Fund |
524 |
586 |
546 |
544 |
620 |
611 |
633 |
732 |
721 |
|
Federal Tax Lien Revolving Fund |
0 |
0 |
7 |
0 |
1 |
1 |
0 |
1 |
1 |
|
Financial Agent Services |
791 |
841 |
822 |
842 |
909 |
1,021 |
1,151 |
1,366 |
1,533 |
|
Financial Integrity Fund |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
5 |
|
Financial Research Fund |
90 |
73 |
66 |
74 |
69 |
88 |
94 |
110 |
141 |
|
Fiscal Service, Salaries and Expenses |
0 |
0 |
0 |
0 |
0 |
0 |
1 |
1 |
2 |
|
Grants for Specified Energy Property in Lieu
of Tax Credits |
1,003 |
47 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
GSE Mortgage-Backed Securities Purchase Program Account |
3 |
2 |
1 |
1 |
1 |
1 |
0 |
2 |
1 |
|
Guam WWII Claims Fund |
0 |
0 |
0 |
40 |
0 |
0 |
0 |
1 |
1 |
|
Gulf Coast Restoration Trust Fund |
297 |
176 |
315 |
335 |
317 |
308 |
119 |
270 |
285 |
|
Hope Reserve Fund |
78 |
8 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
IRS Informant Payments |
22 |
32 |
88 |
63 |
26 |
27 |
77 |
421 |
104 |
|
IRS Miscellaneous Retained Fees |
393 |
415 |
392 |
282 |
393 |
335 |
7 |
3 |
3 |
|
IRS Private Collection Agent Program |
0 |
0 |
93 |
149 |
217 |
158 |
188 |
294 |
284 |
|
Office of Financial Stability |
122 |
79 |
62 |
51 |
41 |
38 |
26 |
4 |
0 |
|
Office of Inspector General |
0 |
0 |
0 |
0 |
6 |
0 |
3 |
0 |
0 |
|
Presidential Election Campaign Fund |
27 |
26 |
25 |
25 |
24 |
24 |
47 |
190 |
0 |
|
Reimbursements to Federal Reserve Banks |
138 |
149 |
147 |
131 |
157 |
162 |
163 |
253 |
199 |
|
Small Business Lending Fund Program Account |
5 |
58 |
5 |
6 |
2 |
1 |
1 |
2 |
1 |
|
Social Impact Demonstration Projects |
0 |
0 |
0 |
0 |
0 |
0 |
1 |
2 |
8 |
|
Special Inspector General for the Troubled Asset Relief Program |
0 |
0 |
0 |
0 |
0 |
0 |
6 |
7 |
0 |
|
Terrorism Insurance Program |
2 |
46 |
3 |
2 |
3 |
6 |
7 |
28 |
74 |
|
Travel Promotion Fund |
93 |
93 |
94 |
94 |
60 |
318 |
28 |
220 |
100 |
|
Treasury Forfeiture Fund |
118 |
1,464 |
772 |
537 |
696 |
1,038 |
1,101 |
592 |
788 |
|
Troubled Asset Relief Program Account |
16 |
0 |
1 |
7 |
5 |
12 |
125 |
0 |
0 |
Source: Mnuchin, Steven; Yellen, Janet. US Department of Treasury.
FY 19 - FY 25 Budget-in-brief.
Tax Direct Spending FY 17 – FY 25
(millions)
|
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
Tax Direct Spending (subtotal) |
133,711 |
125,067 |
163,206 |
168,094 |
226,026 |
298,566 |
193,294 |
190,222 |
295,485 |
|
|
|
|
|
|
|
|
|
|
|
|
Advanced Manufacturing Investment Credit |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
1,938 |
2,010 |
|
Build America Bond Payments, Recovery Act |
3,629 |
3,645 |
3,356 |
2,075 |
3,012 |
2,251 |
2,470 |
2,316 |
2,289 |
|
Child and Dependent Care Tax Credit |
0 |
0 |
0 |
0 |
0 |
7,430 |
228 |
70 |
7 |
|
Clean Vehicle Credit |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
206 |
560 |
|
Credit for Previously-owned Clean Vehicles |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
302 |
407 |
|
Elective Payment for Energy Property and Electricity Produced
from Certain Renewable Resources, Etc. |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
8,697 |
12,309 |
|
First-Time Homebuyer and Home Seller Credits |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
11,287 |
|
Internal Revenue Collections for Puerto Rico |
365 |
379 |
445 |
471 |
476 |
414 |
362 |
374 |
379 |
|
Payment of Government Losses in Shipment |
1 |
1 |
1 |
1 |
0 |
0 |
0 |
21 |
16 |
|
Payment to Issuer of New Clean Renewable Energy Bonds |
40 |
37 |
48 |
31 |
57 |
40 |
38 |
38 |
37 |
|
Payment to Issuer of Qualified Energy Conservation Bonds |
39 |
36 |
40 |
27 |
43 |
34 |
30 |
30 |
30 |
|
Payment to Issuer of Qualified School Construction Bonds |
673 |
743 |
650 |
462 |
797 |
600 |
533 |
532 |
529 |
|
Payment to Issuer of Qualified Zone Academy Bonds |
52 |
58 |
43 |
34 |
54 |
38 |
115 |
40 |
39 |
|
Payment to Virgin Islands and Puerto Rico for Disaster Tax
Relief |
0 |
0 |
200 |
61 |
0 |
0 |
0 |
51 |
0 |
|
Payment Where Adoption Credit Exceeds Liability for Tax |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Payment Where American Opportunity Credit Exceeds Liability for
Tax |
3,469 |
3,859 |
2,881 |
2,787 |
3,967 |
3,797 |
2,612 |
2,459 |
2,428 |
|
Payment Where Certain Tax Credits Exceed Liability for Corporate
Tax |
626 |
594 |
8,232 |
16,104 |
9,160 |
2,737 |
3,097 |
1,250 |
250 |
|
Payment Where Child Tax Credit Exceeds Liability for Tax |
19,408 |
18,995 |
28,898 |
27,779 |
78,959 |
131,435 |
29,049 |
28,722 |
110,000 |
|
Payment Where Earned Income Credit Exceeds Liability for Tax |
59,749 |
56,763 |
59,209 |
57,577 |
60,757 |
64,282 |
55,468 |
56,387 |
70,761 |
|
Payment Where Health Coverage Tax Credit Exceeds Liability for
Tax |
25 |
29 |
24 |
13 |
23 |
22 |
11 |
2 |
0 |
|
Payment Where Small Business Health Insurance Tax Credit Exceeds
Liability for Tax |
6 |
19 |
1 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Refundable Premium Tax Credit |
45,629 |
39,909 |
59,178 |
60,672 |
68,721 |
85,486 |
99,281 |
86,787 |
82,147 |
|
Refundable Savers Credit |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Source: Mnuchin, Steven; Yellen, Janet. US Department of Treasury.
FY 19 – FY 22 and FY 24 Budget-in-brief.
Child tax credit (CTC), that cut child poverty in half during the
pandemic, is under-estimated at $110 billion FY 25, up from $29 billion FY 24,
and down from the $131 billion cost of full payment FY 22, by the Congressional
Budget Office and overestimated $214,940 million by the Treasury, poorest
first, high income limits under scrutiny, perhaps only in locations where
$110,000 is known to not, or barely be enough to cover the costs of a family,
such as San Francisco. Repealing the
OASDI tax-loophole to fund SSI program is more economical way to end child
poverty, especially in addition to a reasonable CTC.
Pandemic Response and Recovery Programs FY 17 – FY 25
(millions)
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
|
COVID Mandatory |
0 |
0 |
0 |
957,368 |
575,316 |
38,543 |
63,533 |
40,675 |
17,435 |
|
|
|
|
|
|
|
|
|
|
|
|
Air Carrier Worker Support |
0 |
0 |
0 |
32,000 |
31,000 |
-3,200 |
8 |
5 |
1 |
|
Community Development Financial Institution Fund Program,
emergency Support |
0 |
0 |
0 |
0 |
3,000 |
0 |
1,290 |
268 |
117 |
|
Coronavirus Relief Fund |
0 |
0 |
0 |
150,000 |
362,050 |
0 |
3,047 |
2,325 |
3,500 |
|
Economic Impact Payments |
0 |
0 |
0 |
274,654 |
569,508 |
13,636 |
2,178 |
589 |
132 |
|
Economic Stabilization Program Account |
0 |
0 |
0 |
499,975 |
-477,890 |
0 |
12 |
16 |
3 |
|
Emergency Capital Investment Fund |
0 |
0 |
0 |
0 |
9,000 |
0 |
297 |
75 |
185 |
|
Emergency Rental Assistance |
0 |
0 |
0 |
0 |
46,547 |
0 |
3,626 |
180 |
12 |
|
Homeowner Assistance Fund |
0 |
0 |
0 |
0 |
9,958 |
0 |
281 |
67 |
28 |
|
Special Inspector General for Pandemic Recovery |
0 |
0 |
0 |
25 |
0 |
0 |
0 |
0 |
0 |
|
State Small Business Credit Initiative |
0 |
0 |
0 |
0 |
10,000 |
0 |
1,252 |
2,504 |
462 |
|
Transportation Services Economic Relief |
0 |
0 |
0 |
0 |
2,000 |
0 |
20 |
17 |
0 |
|
US Coronavirus Refundable Credits |
0 |
0 |
0 |
714 |
10,143 |
29,470 |
51,522 |
34,629 |
12,995 |
Source: Mnuchin, Steven; Yellen, Janet. US Department of Treasury.
FY 19 – FY 22 and FY 24 Budget-in-brief.
Funding the IRS and Improving Taxpayer Compliance, Mandatory FY 17
– FY 25
(millions)
|
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
IRS, Mandatory |
0 |
0 |
0 |
0 |
1,893 |
79,969 |
2,679 |
6,558 |
9,010 |
|
|
|
|
|
|
|
|
|
|
|
|
Departmental Offices, Salaries and Expenses |
0 |
0 |
0 |
0 |
23 |
155 |
9 |
26 |
24 |
|
IRS Business System Modernization |
0 |
0 |
0 |
0 |
500 |
4,751 |
495 |
1,106 |
1,795 |
|
IRS, Direct Efile Taskforce |
0 |
0 |
0 |
0 |
0 |
15 |
4 |
8 |
0 |
|
IRS Enforcement |
0 |
0 |
0 |
0 |
0 |
45,637 |
103 |
1,182 |
2,241 |
|
IRS, Energy Security |
0 |
0 |
0 |
0 |
0 |
25,326 |
0 |
166 |
180 |
|
IRS Taxpayer Services |
0 |
0 |
0 |
0 |
422 |
3,182 |
946 |
945 |
1,295 |
|
IRS, Technology and Operations Support |
0 |
0 |
0 |
0 |
940 |
25,326 |
1,109 |
3,071 |
3,435 |
|
Treasury Inspector General for Tax Administration |
0 |
0 |
0 |
0 |
8 |
403 |
13 |
54 |
40 |
Source: Mnuchin, Steven; Yellen, Janet. US Department of Treasury.
FY 19 –FY 25 Budget-in-brief
Offsets to Mandatory Outlays FY 17-25
(millions)
|
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
Offsets to Mandatory Outlays |
-34,097 |
-15,870 |
-25,757 |
-13,037 |
-37,188 |
-22,226 |
-27,136 |
-12,040 |
-13,517 |
|
|
|
|
|
|
|
|
|
|
|
|
Treasury Mandatory Offsetting Receipts |
-30,712 |
-12,253 |
-21,689 |
-8,799 |
-22,140 |
-15,517 |
-6,976 |
-9,741 |
-10,943 |
|
Treasury Offsetting Collections |
-3,385 |
-3,617 |
-4,068 |
-4,238 |
-15,048 |
-6,709 |
-20,160 |
-2,299 |
-2,574 |
Source: Mnuchin, Steven; Yellen, Janet. US Department of Treasury.
FY 19 –FY 25 Budget-in-brief
Public
Debt Retirement $14,410 billion, 62.5% of GDP, Outstanding FY 25
(billions)
|
Calculation |
Outstanding
Public Debt |
|
Gross
Federal Debt FY 21 |
28,386 |
|
+
3% of GDP FY 22 – 25 |
2,677 |
|
Minus
Gross Federal Debt FY 95 |
-4,921 |
|
Interest
on Public Debt FY 95 – FY 25 |
-11,732 |
|
Gross
Federal Debt FY 25 |
14,410 |
|
Year |
Treasury
Interest on Public Debt |
|
FY
25 |
633 |
|
FY
24 |
615 |
|
FY
23 |
597 |
|
FY
22 |
579 |
|
FY
21 |
562 |
|
FY
20 |
523 |
|
FY
19 |
573 |
|
FY
18 |
504 |
|
FY
17 |
457 |
|
FY
16 |
430 |
|
FY
15 |
402 |
|
FY
14 |
430 |
|
FY
13 |
417 |
|
FY
12 |
472 |
|
FY
11 |
470 |
|
FY
10 |
393 |
|
FY
09 |
400 |
|
FY
08 |
462 |
|
FY
07 |
250 |
|
FY
06 |
232 |
|
FY
05 |
193 |
|
FY
04 |
180 |
|
FY
03 |
169 |
|
FY
02 |
190 |
|
FY
01 |
211 |
|
FY
00 |
213 |
|
FY
99 |
209 |
|
FY
98 |
223 |
|
FY
97 |
254 |
|
FY
96 |
247 |
|
FY
95 |
242 |
|
Total
Interest Payment FY 95 - 25 |
11,732 |
Source: $31.4 trillion
statutory debt limit. FY 95 – 08 Interest on Public Debt payments, Calculated as % of GDP (OMB Table 10.1) with ratio provided
Congressional Budget Office. Federal Debt and Interest Payments, December 2010;
OMB Federal Debt at End of Year Historical Table 7.1 FY 09 – FY 21 + 3% of GDP
GY 22-25 – Gross Federal Debt FY 95 – Interest Payment on Public Debt FY 95-25.
US Department of Treasury. FY 95 – FY 25
Budget-in-brief