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The United States federal budget for fiscal year 2021 ran from October 1, 2020 to September 30, 2021. The government was initially funded through a series of five temporary continuing resolutions.
The FY 2021 Financial Report presents the U.S. government’s current financial position and condition, and discusses key financial topics and trends. The Financial Report is produced by Treasury in coordination with OMB, which is part of the Executive Office of the President.
the federal government’s financial position for and during FY 2021: • The budget deficit decreased by $356.3 billion (11.4 percent) to $2.8 trillion and net operating cost decreased by $746.5 billion (19.4 percent) to $3.1 trillion.
Budget FY 2021 - Budget of the U.S. Government, Budget of the United States Government, Fiscal Year 2021. Contains the Budget Message of the President, information on the President’s priorities, and summary tables. Summary. Document in Context.
- The Government’S Net Position: “Where We Are”
- Financial Effects of The Federal Government’S Pandemic Response
- Costs and Revenues
The government’s financial position and condition have traditionally been expressed through the Budget, focusing on surpluses, deficits, and debt. However, this primarily cash-based discussion of the government’s net outlays (deficit) or net receipts (surplus) tells only part of the story. The government’s accrual-based net position, (the differenc...
The financial effects of the government’s response to the COVID-19 pandemic have been broad, impacting many agencies in a variety of ways and to varying degrees. The following include brief discussions of some of the more significant effects of the pandemic on the government’s financial results for FY 2021. Please refer to Note 30—COVID-19 Activity...
The government’s Statement of Operations and Changes in Net Position, much like a corporation’s income statement, shows the government’s “bottom line” and its impact on net position (i.e., assets net of liabilities, adjusted for unmatched transactions and balances). To derive the government’s “bottom line” net operating cost, the Statement of Net C...
THE BUDGET DOCUMENTS. Budget of the United States Government, Fiscal Year 2021 . contains the Budget Message of the President, information on the President’s priori-ties, and summary tables. Analytical Perspectives, Budget of the United . States Government, Fiscal Year 2021 . contains analyses that are designed to highlight specified
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Budget FY 2021 - Historical Tables, Budget of the United States Government, Fiscal Year 2021 - Document in Context - Provides a wide range of data on Federal Government finances. Many of the data series begin in 1940 and include estimates of the President's Budget for 2019-2025.
