Final Monthly Treasury Statement

1 DEPARTMENT OF THE Treasury | BUREAU OF THE FISCAL SERVICEF inal Monthly Treasury Statement Receipts and Outlays of the United States Government For Fiscal Year 2021 Through September 30, 2021, and Other Periods Contents Page 5 Page 10 Page 11 Means of Page 25 Receipts/Outlays by Page 35 Federal Trust Funds/ Page 37 Receipts by Source/Outlays by Page 38 Explanatory 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.

2 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 Government, , receipts and outlays of funds, the surplus or deficit, and the means of financing the deficit or disposing of the surplus.

3 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.

4 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 .

5 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 HighlightThis issue includes the Final budget results and details a deficit of $2,772 billion for Fiscal Year 2021, $360 billion (-11%) lower than in Fiscal Year by Source:Outlays by Function:Figure 1. Receipts, Outlays, and Surplus/Deficit for September 2021 Figure 2. Cumulative Receipts, Outlays, and Surplus/Deficit through Fiscal Year 2021 Total Receipts$4,046 BillionTotal Outlays$6,818 BillionReceipts by Source:Outlays by Function:Deficit$2,772 BillionSource data.

6 Table 9 Deficit $62 BillionTotal ReceiptsTotal Outlays$521 Billion$460 BillionIndividual Income Taxes $215 Billion $95 Billion Social Security $111 Billion $80 Billion Income SecurityMedicareNational DefenseHealth $72 Billion $67 Billion $60 Billion $21 Billion Transportation Other Corporation Income Taxes $87 Billion Social Insurance & Retirement $123 Billion $2 Billion Customs Duties Estate and Gift Taxes $11 Billion Miscellaneous $14 Billion Excise Taxes $8 Billion Individual Income Taxes $2,044 Billion Social Insurance & Retirement $1,314 Billion Corporation Income Taxes $372 Billion Miscellaneous $133 Billion $80 Billion $75 Billion Customs Duties $27 Billion Estate and Gift Taxes Excise Taxes $1,135 Billion Social Security $1.

7 649 Billion Income SecurityHealth $797 Billion Medicare$755 Billion $304 Billion $ Billion Commerce and Housing CreditOther EducationVeterans Benefits and ServicesGeneral Government$15 Billion$7 Billion$7 BillionNational DefenseNet InterestEducationGeneral Government$352 Billion$297 Billion$270 Billion$564 Billion5 PeriodReceiptsOutlaysDeficit/Surplus (-)Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the Government, Fiscal Years 2020 and 2021, by Month[$ millions]FY 2020 October245,521379,988134,467 November225,185434,024208,838 December335,805349,09113,286 January372,288404,88332,595 February187,951423,229235,278 March236,766355,754118,988 April241,863979,885738,022 May173,861572,614398,754 June240,8291,104,903864,074 July563,496626,48762,992 August223,221423,233200,012 September373,171497,782124,611 Year-to-Date3,419,9576,551,8743,131,917F Y 2021 October237,697521,768284,071 November219,553364,819145,266 December346,119489,682143,562 January384,651547,483162,832 February248,314559.

8 236310,922 March267,614927,217659,603 April439,186664,766225,579 May463,745595,698131,953 June449,199623,359174,161 July262,000564,050302,050 August268,378439,013170,635 September459,523521,06761,544 Year-to-Date4,045,9796,818,1582,772,179 Note: Details may not add to totals due to Yearto DateBudgetEstimates FullFiscal Year1 ComparablePrior PeriodYear to Date(2020)BudgetEstimatesNext FiscalYear (2022)1 Table 2. Summary of budget and Off- budget Results and Financing of the Government, September 2021 and Other Periods[$ millions]Total On- budget and Off- budget Results.

9 Total Receipts459,5234,045,9793,580,7773,419,9 574,174,197 On- budget Receipts372,1363,093,6572,636,6452,454,5 293,141,598 Off- budget Receipts87,387952,322944,132965,4281,032 ,599 Total Outlays521,0676,818,1587,249,4566,551,87 46,011,148 On- budget Outlays428,5065,814,3106,231,9255,596,29 34,930,558 Off- budget Outlays92,5611,003,8471,017,531955,5811, 080,590 Total Surplus (+) or Deficit (-)-61,544-2,772,179-3,668,679-3,131,917 -1,836,951 On- budget Surplus (+) or Deficit (-)-56,370-2,720,654-3,595,280-3,141,764 -1,788,960 Off- budget Surplus (+) or Deficit (-)-5,175-51,525-73,399+9,846-47,991 Total On- budget and Off- budget Financing61,5442,772,1793,668,6793,131,9 171,836,951 Means of Financing: Borrowing from the Public29,9451,267,9483,150,0834,216,2802 ,098,073 Reduction of Operating Cash, Increase (-)140,8241,566,5191,031, By Other Means-109,224-62,285-513,083-1,399,19631 4,833-261,1221 These estimates are based on the FY 2022 budget , released by the Office ofManagement and budget on May 28.

10 Details may not add to totals due to No Transactions6 Source data: Table 1 ReceiptsOutlaysDeficit(-)/Surplus2020202 1 OctNovDecJanFebMarAprMayJunJulAugSepOctN ovDecJanFebMarAprMayJunJulAugSep($1,000B )($600B)($200B)$200B$600B($900B)($700B)( $500B)($300B)($100B)Figure 3. Monthly Receipts, Outlays, and budget Deficit/Surplus of the Government, Fiscal Years2020 and 2021 ReceiptsOutlaysDeficit(-)/Surplus2020202 1 OctNovDecJanFebMarAprMayJunJulAugSepOctN ovDecJanFebMarAprMayJunJulAugSep($1,000B )($600B)($200B)$200B$600B($900B)($700B)( $500B)($300B)($100B)Figure 3.