Highway Statistics Series
Highway Statistics 2021
Status of The Federal Highway Trust Fund 1/
October 1, 2020 - September 30, 2021
October 2022
(Millions of Dollars)
| Item | Highway Account |
Mass Transit Account 2/ |
Total | ||
|---|---|---|---|---|---|
| I. Opening balance: | |||||
| A. Investments - U.S. Treasury special certificates of indebtedness | 8,041,822,577.05 | 4,039,001,803.71 | 12,080,824,380.76 | ||
| B. Uninvested - held by Bureau of the Fiscal Service | 2,889,770,554.72 | 372,041,822.08 | 3,261,812,376.80 | ||
| C. Uninvested - held by program agencies | 1,689,698,722.53 | 714,985,182.31 | 2,404,683,904.84 | ||
| D. Total balance | 12,621,291,854.30 | 5,126,028,808.10 | 17,747,320,662.40 | ||
| II. Receipts: | |||||
| A. Gross excise taxes (transferred General Fund receipts) | 1. Gasoline | 21,915,228,395.37 | 4,059,425,371.17 | 25,974,653,766.54 | |
| 2. Diesel and special motor fuels | 10,911,385,879.99 | 1,451,483,861.29 | 12,362,869,741.28 | ||
| 3. Tires | 590,750,716.12 | 0.00 | 590,750,716.12 | ||
| 4. Trucks and trailers | 4,089,026,521.08 | 0.00 | 4,089,026,521.08 | ||
| 5. Federal use tax | 1,086,826,948.90 | 0.00 | 1,086,826,948.90 | ||
| 6. Total excise taxes | 38,593,218,461.46 | 5,510,909,232.46 | 44,104,127,693.92 | ||
| B. Transfers to other funds | 1. To Land and Water Conservation Fund | 841,000.00 | 159,000.00 | 1,000,000.00 | |
| 2. To Sport Fish Restoration and Boating Trust Fund | 390,907,000.00 | 49,591,000.00 | 440,498,000.00 | ||
| 3. To Airport and Airway Trust Fund & General Fund (aviation kerosene) | 268,707,275.68 | 35,844,328.85 | 304,551,604.53 | ||
| 4. Total | 660,455,275.68 | 85,594,328.85 | 746,049,604.53 | ||
| C. Net excise taxes | 37,932,763,185.78 | 5,425,314,903.61 | 43,358,078,089.39 | ||
| D. Interest income | 1. Interest on investments (cash basis) 3/ | 6,646,018.25 | 3,093,039.03 | 9,739,057.28 | |
| 2. Interest under Cash Management Improvement Act (net) | 927,032.00 | 37.00 | 927,069.00 | ||
| 3. Total | 7,573,050.25 | 3,093,076.03 | 10,666,126.28 | ||
| E. Other income | 1. Motor carrier safety fines and penalties | 12,997,070.57 | 0.00 | 12,997,070.57 | |
| 2. Civil tax penalties related to highway excise taxes | 343,440.00 | 0.00 | 343,440.00 | ||
| 3. Traffic safety fines and penalties | 91,380,000.00 | 0.00 | 91,380,000.00 | ||
| 4. Transfer from General Fund per P.L. 114-94 | 10,400,000,000.00 | 3,200,000,000.00 | 13,600,000,000.00 | ||
| 5. Transfer from Leaking Underground Storage Tank Trust Fund | 0.00 | 0.00 | 0.00 | ||
| 6. Total | 10,504,720,510.57 | 3,200,000,000.00 | 13,704,720,510.57 | ||
| F. Total receipts | 48,445,056,746.60 | 8,628,407,979.64 | 57,073,464,726.24 | ||
| III. Transfers between Highway Trust Fund accounts | |||||
| A. From Highway Account to Mass Transit Account | (1,200,000,000.00) | 1,200,000,000.00 | 0.00 | ||
| B. From Mass Transit Account to Highway Account | 114,690,843.00 | (114,690,843.00) | 0.00 | ||
| C. Total | (1,085,309,157.00) | 1,085,309,157.00 | 0.00 | ||
| IV. Expenditures: | |||||
| A. Federal Highway Administration | 1. Federal aid to highways | 43,618,854,649.50 | 0.00 | 43,618,854,649.50 | |
| 2. Right-of-way revolving fund | 0.00 | 0.00 | 0.00 | ||
| 3. Appalachian Development Highway System | 0.00 | 0.00 | 0.00 | ||
| 4. Miscellaneous Highway Trust Funds | 6,569,946.57 | 0.00 | 6,569,946.57 | ||
| 5. Total | 43,625,424,596.07 | 0.00 | 43,625,424,596.07 | ||
| B. Federal Motor Carrier Safety Administration | 566,770,132.95 | 0.00 | 566,770,132.95 | ||
| C. Federal Transit Administration | 0.00 | 7,961,355,588.49 | 7,961,355,588.49 | ||
| D. National Highway Traffic Safety Administration | 1. Highway related safety grants | 0.00 | 0.00 | 0.00 | |
| 2. Operations and research | 148,369,116.98 | 0.00 | 148,369,116.98 | ||
| 3. Highway traffic safety grants | 693,647,414.41 | 0.00 | 693,647,414.41 | ||
| 4. National driver register | 0.00 | 0.00 | 0.00 | ||
| 5. Total | 842,016,531.39 | 0.00 | 842,016,531.39 | ||
| E. Federal Railroad Administration | 0.00 | 0.00 | 0.00 | ||
| F. Office of the Secretary of Transportation | 682,724,852.20 | 0.00 | 682,724,852.20 | ||
| G. Other agencies | 0.00 | 0.00 | 0.00 | ||
| H. Total expenditures | 45,716,936,112.61 | 7,961,355,588.49 | 53,678,291,701.10 | ||
| V. Closing Balances in Trust Fund: | |||||
| A. Investments | U. S. Treasury special certificates of indebtedness | 7,104,633,469.52 | 4,938,719,173.93 | 12,043,352,643.45 | |
| B. Undisbursed balances | 1. Uninvested - held by Bureau of the Fiscal Service | 4,686,111,070.99 | 700,732,431.50 | 5,386,843,502.49 | |
| 2. Uninvested - held by program agencies | a. Federal aid to highways | 1,097,597,046.12 | 0.00 | 1,097,597,046.12 | |
| b. Right-of-way revolving fund | 4,278,779.63 | 0.00 | 4,278,779.63 | ||
| c. Miscellaneous highway trust funds | 12,601,561.73 | 0.00 | 12,601,561.73 | ||
| d. Appalachian Development Highway System | 4,000.00 | 0.00 | 4,000.00 | ||
| e. Federal Motor Carrier Safety Administration | 766,482,282.43 | 0.00 | 766,482,282.43 | ||
| f. Federal Transit Administration | 0.00 | 1,238,938,750.82 | 1,238,938,750.82 | ||
| g. National Highway Traffic Safety Administration | 153,761,469.31 | 0.00 | 153,761,469.31 | ||
| h. Federal Railroad Administration | 29,031.27 | 0.00 | 29,031.27 | ||
| i. Office of the Secretary of Transportation (include receipt account) | 438,604,620.29 | 0.00 | 438,604,620.29 | ||
| j. Other agencies | 0.00 | 0.00 | 0.00 | ||
| k. Total | 2,473,358,790.78 | 1,238,938,750.82 | 3,712,297,541.60 | ||
| 3. Total uninvested balance | 7,159,469,861.77 | 1,939,671,182.32 | 9,099,141,044.09 | ||
| C. Total balance | 14,264,103,331.29 | 6,878,390,356.25 | 21,142,493,687.54 | ||
1/ The Fund was created June 29, 1956, by the enactment of the Highway Revenue Act of 1956.
2/ The Mass Transit Account was established April 1, 1983, by the Surface Transportation Assistance Act of 1982.
3/ Effective March, 18, 2010, the Highway Trust Fund earns interest on its invested balances.