The U.S. Federal Government expects to spend $1,120,000,000,000.00 on Department of the Treasury in 2025. This represents 16% of all Federal spending in 2025.
The U.S. Department of the Treasury is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. Established in 1789, its primary functions include managing federal finances, collecting taxes, duties, and monies paid to the U.S., producing currency and coinage, managing government accounts and the public debt, supervising national banks and thrift institutions, and advising on domestic and international financial, monetary, economic, trade, and tax policy. The department also enforces federal finance and tax laws and investigates and prosecutes tax evaders, counterfeiters, and forgers.
The Treasury Department’s operations are funded through discretionary appropriations determined annually by Congress. Programs like tax collection and enforcement under the Internal Revenue Service (IRS) rely on these funds. The Treasury also manages the national debt and federal financing programs, with interest payments on the debt categorized as mandatory spending. Additionally, the department generates revenue through fines, fees, and earnings from federal financial programs.
In Fiscal Year (FY) 2025, the Department of the Treasury had total budgetary resources amounting to approximately $3.22 trillion, distributed among its 16 sub-components. Agencies spend available budgetary resources by making financial promises called obligations. The total budgetary resources are broken out by agency sub-component, reflecting how much funding has been obligated for the fiscal year.
There have been numerous reported examples of wasteful spending at Department of the Treasury. See below for some of the most recent reported cases.
