Monthly Treasury Statement

1 DEPARTMENT OF THE Treasury | BUREAU OF THE FISCAL SERVICEM onthly Treasury Statement Receipts and Outlays of the United States Government For Fiscal Year 2022 Through November 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. 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.

2 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. 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. The Daily Treasury Statement is published each working day of the Federal Government.

3 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 . 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 Highlight4 Receipts by Source:Outlays by Function:Figure 1. Receipts, Outlays, and Surplus/Deficit for November 2021 Figure 2. Cumulative Receipts, Outlays, and Surplus/Deficit through Fiscal Year 2022 Total ReceiptsTotal Outlays$922 BillionReceipts by Source:Outlays by Function:$356 BillionSource data.

4 Table 9 Deficit $192 BillionTotal ReceiptsTotal Outlays$473 Billion$281 Billion$565 BillionIndividual Income Taxes $282 Billion Social Insurance & Retirement $216 Billion DeficitMiscellaneous $16 Billion Corporation Income Taxes $18 Billion Excise Taxes $15 Billion $13 Billion Customs Duties $4 Billion Estate and Gift Taxes $146 Billion Social Security $192 Billion Income SecurityHealth $145 Billion $133 Billion $42 Billion $113 Billion Other $60 Billion$32 Billion$19 Billion$40 BillionIndividual Income Taxes $138 Billion Corporation Income Taxes $2 Billion Social Insurance & Retirement Excise Taxes $8 Billion $8 Billion $321 ThousandCustoms Duties Estate and Gift Taxes Miscellaneous $9 Billion $75 Billion $96 Billion Income SecuritySocial Security National Defense$76 Billion Health $64 Billion $59 Billion $20 Billion $28 Billion Other $117 BillionMedicareNet InterestVeterans' Benefits & ServicesEducationTransportation$30 Billion$14 Billion$10 BillionNational DefenseMedicareNet InterestVeteranV Benefits and Services EducationTransportation5 PeriodReceiptsOutlaysDeficit/Surplus (-)Table 1.

5 Summary of Receipts, Outlays, and the Deficit/Surplus of the Government, Fiscal Years 2021 and 2022, by Month[$ millions]FY 2021 October237,697521,768284,071 November219,553364,819145,266 December346,119489,682143,562 January384,651547,483162,832 February248,314559,236310,922 March267,614927,217659,603 April439,186664,766225,579 May463,745595,698131,953 June449,199623,359174,161 July262,000564,050302,050 August268,378439,013170,635 September459,523521,13861,615 Year-to-Date4,045,9796,818,2292,772,250F Y 2022 October283,927448,983165,055 November281,208472,543191,335 Year-to-Date565,135921,526356,390 Note: Details may not add to totals due to Yearto DateBudgetEstimates FullFiscal Year1 ComparablePrior PeriodYear to date (2021)BudgetEstimatesNext FiscalYear (2023)1 Table 2. Summary of Budget and Off-Budget Results and Financing of the Government, November 2021 and Other Periods[$ millions]Total On-Budget and Off-Budget Results: Total Receipts281,208565,1354,174,197457,2504, 641,026 On-Budget Receipts204,153416,7883,141,598312,5083, 569,434 Off-Budget Receipts77,055148,3471,032,599144,7421,0 71,592 Total Outlays472,543921,5266,011,148886,5876,0 12,960 On-Budget Outlays379,420744,7324,930,558713,9824,8 70,518 Off-Budget Outlays93,123176,7941,080,590172,6051,14 2,442 Total Surplus (+) or Deficit (-)-191,335-356,390-1,836,951-429,337-1, 371,934 On-Budget Surplus (+) or Deficit (-)-175,267-327,944-1,788,960-401,474-1, 301,084 Off-Budget Surplus (+) or Deficit (-)-16,068-28,447-47,991-27,863-70,850 Total On-Budget and Off-Budget Financing191,335356,3901,836,951429,3371 ,371,934 Means of Financing.

6 Borrowing from the Public7,512364,1142,098,073329,8661,418, 298 Reduction of Operating Cash, Increase (-)64,8702, , By Other Means118,953-9,730-261,122-59,221-46,364 1 These estimates are based on the FY 2022 Budget, released by the Office ofManagement and Budget on May 28, : Details may not add to totals due to No Transactions6 Source data: Table 1 ReceiptsOutlaysDeficit(-)/Surplus2021202 2 OctNovDecJanFebMarAprMayJunJulAugSepOctN ov($1,000B)($600B)($200B)$200B$600B($600 B)($400B)($200B)$0B20212022 OctNovDecJanFebMarAprMayJunJulAugSepOctN ov$1,000B$2,000B$3,000B$4,000B($7,000B)( $5,000B)($3,000B)($1,000B)($2,000B)($1,0 00B)$0 BFigure 4. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the Government, Cumulative,Fiscal Years 2021 and 2022 ReceiptsOutlaysDeficit(-)/SurplusFigure 3. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the Government, Fiscal Years2021 and 2022$0B7 Source Gata: Table $18B$20B$13B$15B$282B$216 BFiscal Year 2022 to date : $565B20212022 OctNovDecJanFebMarAprMayJunJulAugSepOctN ov$0B$50B$100B$150B$200B$250B$300B$350B$ 400B$450 BReceipt Amount$9B$10B$8B$0B$138B$117 BMonth of November 2021: $281 BFigure 5.

7 Receipts of the Government, by Source, Fiscal Year 2022 Figure 6. Monthly Receipts of the Government, by Source, Fiscal Years 2021 and 2022 Miscellaneous ReceiptsOtherExcise TaxesCorporation Income TaxesIndividual Income TaxesSocial Insurance and Retirement ReceiptsMiscellaneous ReceiptsOtherExcise TaxesCorporation Income TaxesIndividual Income TaxesSocial Insurance and Retirement Receipts"Other" Includes: Customs Duties and Estate and Gift Taxes*Disclaimer: Other category is subject to change due to negative balances : Details may not add to totals due to rounding8 Source Gata: Table $96B$59B$75B$76B$64B$30B$72 BMonth of November 2021: $473B$192B$113B$146B$145B$133B$60B$133 BFiscal Year 2022 to date : $922B20212022 OctNovDecJanFebMarAprMayJunJulAugSepOctN ov$0B$100B$200B$300B$400B$500B$600B$700B $800B$900B$1,000B$1,100 BOutlay AmountFigure 7. Outlays of the Government, by Source, Fiscal Year 2022 Social SecurityIncome SecurityNational DefenseNet InterestOtherMedicareHealth*Disclaimer: Other category is subject to change due to negative balances 8.

8 Monthly Outlays of the Government, by Source, Fiscal Years 2021 and 2022 Social SecurityMedicareIncome SecurityHealthNational DefenseNet InterestOther"Other" Includes: Administration of Justice, Agriculture, Community and Regional Development, Education, Training, Employment, andSocial Services, Energy, General Government, General Science, Space, and Technology, International Affairs, Natural Resources andEnvironment, Transportation, Undistributed Offsetting Receipts, Veterans' Benefits and : Details may not add to totals due to roundingClassificationThisMonthCurrentFi scal Yearto DateComparablePrior PeriodYear to DateBudgetEstimatesFull FiscalYear1 Table 3. Summary of Receipts and Outlays of the Government, November 2021 and Other Periods[$ millions]Budget Receipts Individual Income Taxes138,186282,094202,5232,038,575 Corporation Income Taxes-32115,3855,960370,985 Social Insurance and Retirement Receipts: Employment and General Retirement (Off-Budget)77,055148,347144,7421,032,59 9 Employment and General Retirement (On-Budget)27,50852,80450,158363,818 Unemployment Insurance11,55513,9875,70159,451 Other Retirement5631,1349886,145 Excise Taxes7,77513,36010,34984,277 Estate and Gift Taxes1,8044,2623,98720,781 Customs Duties7,81615,58612,12157,383 Miscellaneous Receipts9,26718,17520,721140,183 Total Receipts281,208565,135457,2504,174,197 (On-Budget)204,153416,788312,5083,141,59 8 (Off-Budget)

9 77,055148,347144,7421,032,599 Budget Outlays Legislative Branch5481,0569736,130 Judicial Branch7381,5531,4949,250 Department of Agriculture23,62949,49651,097230,131 Department of Commerce1,9782,7782,68226,415 Department of Defense--Military Programs60,817126,299128,059729,445 Department of Education11,54326,21214,785202,398 Department of Energy2,2515,6855,69350,910 Department of Health and Human Services134,200254,706233,7581,662,192 Department of Homeland Security8,07914,41820,76276,122 Department of Housing and Urban Development4,3869,0747,84164,950 Department of the Interior1,2422,5172,11421,079 Department of Justice3,5466,3065,88841,583 Department of Labor5,4817,57449,681109,039 Department of State4,0446,2295,91533,575 Department of Transportation8,27515,92015,718132,207 Department of the Treasury : Interest on Treasury Debt Securities (Gross)36,02954,96852,819480,403 Other30,70165,13126,876454,701 Department of Veterans Affairs20,20742,14038,771290,032 Corps of Engineers8121,4611,46410,770 Other Defense Civil Programs5,03711,93212,15072,009 Environmental Protection Agency7581,5441,49922,219 Executive Office of the President358377544 General Services Administration-53-119-1792,249 International Assistance Programs3,1775,2653,86124,267 National Aeronautics and Space Administration2,3324,0973,81124,332 National Science Foundation5751,2181,16510,461 Office of Personnel Management9,12718,49117,631111,838 Small Business Administration5,2777,6093,1469,545 Social Security Administration100,432201,487195,0741,268 ,754 Independent Agencies1,2817,6197,70342,921 ,061 Undistributed Offsetting Receipts.

10 Interest-4,1225,8368,320-124,570 Other-9,819-37,062-34,062-143,814 Total Outlays472,543921,526886,5876,011,148 (On-Budget)379,420744,732713,9824,930,55 8 (Off-Budget)93,123176,794172,6051,080,59 0 Surplus (+) or Deficit (-)-191,335-356,390-429,337-1,836,951 (On-Budget)-175,267-327,944-401,474-1,78 8,960 (Off-Budget)-16,068-28,447-27,863-47,991 1 These estimates are based on the FY 2022 Budget, released by the Office ofNote: Details may not add to totals due to and Budget on May 28, No Transactions9 This MonthReceiptsGrossReceiptsRefunds(Deduct )ReceiptsCurrent Fiscal Year to DatePrior Fiscal Year to DateClassificationGrossReceiptsRefunds(D educt)ReceiptsGrossReceiptsRefunds(Deduc t)Table 4. Receipts of the Government, November 2021 and Other Periods[$ millions]Individual Income Taxes Withheld140,109258,006179,298 Presidential Election Campaign Fund(**)12 Other12,37348,54442,905 Total -- Individual Income Taxes152,48314,296138,186306,55124,45728 2,094222,20419,681202,523 Corporation Income Taxes4,9505,271-32125,67010,28515,38520, 06114,1015,960 Social Insurance and Retirement Receipts: Employment and General Retirement: Federal Old-Age and Survivors Insurance Trust Fund: Federal Insurance Contributions Act Taxes65, ,718126, ,357123, ,289 Self-Employment Contributions Act Total -- Federal Old-Age and Survivors Insurance Trust Fund65, ,869126, ,812123, ,731 Federal Disability Insurance Trust Fund.