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2/18/2022

Treasury Releases Financial Report of the U.S. Government | U.S. Department of the Treasury

Treasury Releases Financial Report of the U.S. Government
February 17, 2022

WASHINGTON — The U.S. Department of the Treasury, in consultation with the O ice of
Management and Budget, released the fiscal year 2021 (FY 2021) Financial Report of the U.S.
Government today. The report presents the governmentʼs current financial position and
condition and discusses key financial topics and trends. This Financial Report includes
discussion and analysis of the significant impact that the federal governmentʼs response to
the COVID-19 pandemic had on the governmentʼs financial position during FY 2021. The first
audited Financial Report covered FY 1997, making the FY 2021 Financial Report the 25th
edition of this important vehicle for federal accountability and transparency.
The federal governmentʼs fiscal picture is rapidly improving as the economy continues to
recover from the COVID-19 pandemic. Following the end of the fiscal year reflected in this
report, FY 2022 deficits to date have fallen relative to the same period last year. The BidenHarris Administrationʼs upcoming Budget of the United States Government for fiscal year
2023 will reflect the results of Administration policies which are expected to further reduce
deficits in the long-term.
The full report, including U.S. Secretary of the Treasury Janet L. Yellenʼs message, can be
viewed here

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https://home.treasury.gov/news/press-releases/jy0599

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