Scribd

1

Monthly Treasury Statement

of Receipts and Outlaysof the United States Government

For Fiscal Year 2013 Through

May 31, 2013

, and Other Periods

Highlight

The detailed line items in this month’s publication have been aligned to the

FY 2014 Budget

,released by the Office of Management and Budget on April 10, 2013.Since June 1, 2013, the normal date for these expenditures fell on a non-business day, outlays for military active duty and retirement,Veterans’ benefits, Supplemental Security Income and Medicare payments to Health Maintenance Organizations moved to May 31, 2013.

Compiled and Published by

Department of the Treasury

Financial Management Service

2

Contents

Summary page 2Receipts/outlays by month page 32Receipts page 6Federal trust funds/securities page 34Outlays page 7Receipts by source/outlays by function page 34Means of financing page 20Explanatory notes page 35

Introduction

The Monthly Treasury Statement of Receipts and Outlays of the United States Government (MTS)

is prepared by the Financial ManagementService, Department of the Treasury, and after approval by the FiscalAssistant Secretary of the Treasury; is normally released on the 8thworkday 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 responsibleor interested in the Government's budget results; and individuals and businesses whose operations depend upon or are related to theGovernment's financial operations.

DISCLOSURE STATEMENT

This statement summarizes the financial activities of the FederalGovernment and off-budget Federal entities conducted in accordancewith the Budget of the U.S. Government, i.e., 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 byFederal entities, disbursing officers, and Federal Reserve banks.

TRIAD OF PUBLICATIONS

The

MTS

is part of a triad of Treasury financial reports. The

DailyTreasury Statement

is published each working day of the FederalGovernment. It provides data on the cash and debt operations of theTreasury based upon reporting of the Treasury account balances byFederal 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 theofficial publication of the detailed receipts and outlays of theGovernment. It is published annually in accordance with legislativemandates given to the Secretary of the Treasury.

DATA SOURCES AND INFORMATION

The Explanatory Notes section of this publication provides informationconcerning the flow of data into the

MTS

and sources of informationrelevant to the

MTS

.

Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government, Fiscal Years 2012 and 2013,by Month

[$ millions]Period Receipts Outlays Deficit/Surplus (-)

FY 2012

October ................................................................... 163,072 261,539 98,466November ............................................................... 152,402 289,704 137,302December ............................................................... 239,963 325,930 85,967January ................................................................... 234,319 261,726 27,407February ................................................................. 103,413 335,090 231,677March ..................................................................... 171,215 369,372 198,157 April ........................................................................ 318,807 259,690 -59,117May ......................................................................... 180,713 305,348 124,636June ........................................................................ 260,177 319,919 59,741July ......................................................................... 184,585 254,190 69,604 August .................................................................... 178,860 369,393 190,533September .............................................................. 261,566 186,386 -75,180

Year-to-Date ........................................................ 2,449,093 3,538,286

1

1,089,193FY 2013

October ................................................................... 184,316 304,311 119,995November ............................................................... 161,730 333,841 172,112December ............................................................... 269,508 270,699 1,191January ................................................................... 272,225 269,342 -2,883February ................................................................. 122,815 326,354 203,539March ..................................................................... 186,018 292,548 106,530 April ........................................................................ 406,723 293,834 -112,889May ......................................................................... 197,182 335,914 138,732

Year-to-Date ........................................................ 1,800,515 2,426,842 626,327

1

The receipt, outlay and deficit figures differ from the

FY 2014 Budget

, released by theOffice of Management and Budget on April 10, 2013. The deficit figure differs by -$2,230million, due mainly to revisions in the data following the release of the Final MonthlyTreasury Statement.Note: Details may not add to totals due to rounding.

3

Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, May 2013 and Other Periods

[$ millions]ClassificationThisMonthCurrentFiscalYear to DateBudgetEstimates Full FiscalYear

1

Prior Fiscal Year to Date(2012)BudgetEstimatesNext Fiscal Year (2014)

1

Total On-Budget and Off-Budget Results:Total Receipts ....................................................................................................... 197,182 1,800,515 2,712,045 1,563,904 3,033,618On-Budget Receipts .......................................................................................... 139,762 1,361,277 2,038,558 1,184,657 2,294,478Off-Budget Receipts ........................................................................................... 57,420 439,239 673,487 379,248 739,140Total Outlays ........................................................................................................ 335,914 2,426,842 3,684,947 2,408,399 3,777,807On-Budget Outlays ............................................................................................ 269,499 2,007,836 3,044,916 2,063,106 3,062,692Off-Budget Outlays ............................................................................................. 66,415 419,006 640,031 345,292 715,115Total Surplus (+) or Deficit (-)................................................................................ -138,732 -626,327 -972,902 -844,495 -744,189On-Budget Surplus (+) or Deficit (-) ................................................................... -129,737 -646,560 -1,006,358 -878,450 -768,214Off-Budget Surplus (+) or Deficit (-) .................................................................... -8,995 +20,233 +33,456 +33,955 +24,025Total On-Budget and Off-Budget Financing .......................................................... 138,732 626,327 972,902 844,495 744,189Means of Financing:Borrowing from the Public ................................................................................... -46,263 631,896 1,122,426 884,076 892,324Reduction of Operating Cash, Increase (-).......................................................... 179,182 50,765 5,446 -54,279 ......By Other Means .................................................................................................. 5,814 -56,334 -154,970 14,697 -148,135

1

These estimates are based on the

FY 2014 Budget

, released by the Office of Management and Budget on April 10, 2013.

... No TransactionsNote: Details may not add to totals due to rounding.

Figure 1. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government, Fiscal Years 2012 and 2013

Figure 2. Cumulative Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government,Fiscal Years 2012 and 2013