Treasury — FY2023 spending
In fiscal year 2023, Treasury paid out $1.11T — 18.0% of the federal government’s $6.13T in total outlays — and obligated $1.64T.
That is $3,304/person and 4.1% of GDP.
Federal accounts
The 24 largest federal accounts under Treasury in FY2023. Hover an account name for its full official title. Shares are of this agency’s outlays, not of the federal total.
| Federal account | Outlays | Obligations | Share of agency outlays |
|---|---|---|---|
| Interest on the Public Debt (Indefinite) | $879B | $879B | 79.4% |
| Refunding Internal Revenue Collections (Indefinite) | $434B | $434B | 39.2% |
| Refundable Premium Assistance Tax Credit | $99B | $100B | 9.0% |
| Payment Where Earned Income Credit Exceeds Liability for Tax | $55B | $55B | 5.0% |
| U.S. Coronavirus Refundable Credits | $52B | $52B | 4.7% |
| Payment Where Child Tax Credit Exceeds Liability for Tax | $29B | $29B | 2.6% |
| Credit Reform: Interest Paid on Uninvested Funds (Indefinite) | $12B | $12B | 1.1% |
| Refunding Internal Revenue Collections, Interest (Indefinite) | $10B | $10B | 0.9% |
| Enforcement, Internal Revenue Service | $5.4B | $5.7B | 0.5% |
| Operations Support | $5.3B | $5.8B | 0.5% |
| United States Mint Public Enterprise Fund | $4.7B | $4.7B | 0.4% |
| Taxpayer Services | $3.8B | $3.9B | 0.3% |
| Emergency Rental Assistance | $3.6B | $2.1B | 0.3% |
| Restitution of Forgone Interest | $3.3B | $3.3B | 0.3% |
| Payment Where Certain Tax Credits Exceeds Liability for Corporate Tax | $3.1B | $3.1B | 0.3% |
| Federal Financing Bank Revolving Fund | $2.7B | $2.7B | 0.2% |
| Payment Where American Opportunity Credit Exceeds Liability for Tax - Recovery Act | $2.6B | $2.6B | 0.2% |
| Build America Bond Payments - Recovery Act | $2.5B | $2.5B | 0.2% |
| U.S. Coronavirus Payments | $2.2B | $2.2B | 0.2% |
| Local Assistance and Tribal Consistency Fund | $1.8B | $0.0B | 0.2% |
| Contribution to the International Development Association | $1.4B | $1.4B | 0.1% |
| Community Development Financial Institutions Fund Program, Emergency Support | $1.3B | $1.7B | 0.1% |
| State Small Business Credit Initiative | $1.3B | $3.7B | 0.1% |
| Exchange Stabilization Fund | $0.0B | $8.6B | 0.0% |
Notes
- Top-level spending is net outlays (MTS). Drilled levels are USAspending gross figures and may exceed the agency total.
Program-activity and object-class detail below these accounts is available in the interactive explorer and as JSON.