Cabinet departmentMedium

Department of the Treasury(TREAS)

Cabinet department for federal finance, tax administration through IRS, fiscal service, sanctions, financial intelligence, debt management, and economic policy.

Function

Cabinet department

Parent

Top-level (no parent)

FY2026 Budget Authority

$4706.79B

Official Data

USAspending.gov

Evidence & Review

Evidence Confidence

Medium

Verification Status

AI-researched, unverified

Last Reviewed

Jul 5, 2026

Retrieved On

Jul 5, 2026

Current Cost Footprint

Medium

USAspending's FY2026 Q3 top-tier record, code 020, reports budget authority of $4.71T, obligations of $1.47T, and outlays of $1.47T. The USAspending footprint includes very large financing, tax expenditure, interest, and transfer accounts; operating reform should distinguish those from IRS, Fiscal Service, and bureau administration. Treat USAspending values as spending-system scale, not audited operating cost. Agency records can include benefits, trust funds, financing accounts, offsetting collections, and transfer flows.

Reported Cost Snapshots

From USAspending.gov top-tier agency records

Fiscal PeriodBudget AuthorityObligationsOutlaysSource
FY2026 Q3$4706.79B$1467.86B$1467.09BUSAspending top-tier API

Treat USAspending values as spending-system scale, not audited operating cost. Agency records can include benefits, trust funds, financing accounts, offsetting collections, and transfer flows.