Highway Statistics Series
Highway Statistics 2022
Status of The Federal Highway Trust Fund 1/
October 1, 2021 - September 30, 2022
11/3/2023
(Millions of Dollars)
| Item | Highway Account |
Mass Transit Account 2/ |
Total | ||
|---|---|---|---|---|---|
| I. Opening balance: | |||||
| 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. Uninvested - held by Bureau of the Fiscal Service | 4,686,111,070.99 | 700,732,431.50 | 5,386,843,502.49 | ||
| C. Uninvested - held by program agencies | 2,473,358,790.78 | 1,238,938,750.82 | 3,712,297,541.60 | ||
| D. Total balance | 14,264,103,331.29 | 6,878,390,356.25 | 21,142,493,687.54 | ||
| II. Receipts: | |||||
| A. Gross excise taxes (transferred General Fund receipts) | 1. Gasoline | 23,577,587,716.35 | 4,367,355,551.09 | 27,944,943,267.44 | |
| 2. Diesel and special motor fuels | 11,520,754,096.82 | 1,532,412,697.60 | 13,053,166,794.42 | ||
| 3. Tires | 712,989,420.58 | 0.00 | 712,989,420.58 | ||
| 4. Trucks and trailers | 4,623,252,202.17 | 0.00 | 4,623,252,202.17 | ||
| 5. Federal use tax | 1,585,394,151.08 | 0.00 | 1,585,394,151.08 | ||
| 6. Total excise taxes | 42,019,977,587.00 | 5,899,768,248.69 | 47,919,745,835.69 | ||
| B. Transfers to other funds | 1. To Land and Water Conservation Fund | 840,000.00 | 160,000.00 | 1,000,000.00 | |
| 2. To Sport Fish Restoration and Boating Trust Fund | 393,658,000.00 | 49,842,000.00 | 443,500,000.00 | ||
| 3. To Airport and Airway Trust Fund & General Fund (aviation kerosene) | 760,940,075.01 | 101,509,868.67 | 862,449,943.68 | ||
| 4. Total | 1,155,438,075.01 | 151,511,868.67 | 1,306,949,943.68 | ||
| C. Net excise taxes | 40,864,539,511.99 | 5,748,256,380.02 | 46,612,795,892.01 | ||
| D. Interest income | 1. Interest on investments (cash basis) 3/ | 728,164,404.97 | 249,763,130.76 | 977,927,535.73 | |
| 2. Interest under Cash Management Improvement Act (net) | 49,681.00 | 0.00 | 49,681.00 | ||
| 3. Total | 728,214,085.97 | 249,763,130.76 | 977,977,216.73 | ||
| E. Other income | 1. Motor carrier safety fines and penalties | 15,844,191.19 | 0.00 | 15,844,191.19 | |
| 2. Civil tax penalties related to highway excise taxes | (87,795.00) | 0.00 | (87,795.00) | ||
| 3. Traffic safety fines and penalties | 2,909,643.65 | 0.00 | 2,909,643.65 | ||
| 4. Transfer from General Fund per P.L. 114-94 | 90,000,000,000.00 | 28,000,000,000.00 | 118,000,000,000.00 | ||
| 5. Total | 90,018,666,039.84 | 28,000,000,000.00 | 118,018,666,039.84 | ||
| F. Total receipts | 131,611,419,637.80 | 33,998,019,510.78 | 165,609,439,148.58 | ||
| III. Transfers between Highway Trust Fund accounts | |||||
| A. From Highway Account to Mass Transit Account | (1,000,000,000.00) | 1,000,000,000.00 | 0.00 | ||
| B. From Mass Transit Account to Highway Account | 115,036,790.00 | (115,036,790.00) | 0.00 | ||
| C. Total | (884,963,210.00) | 884,963,210.00 | 0.00 | ||
| IV. Expenditures: | |||||
| A. Federal Highway Administration | 1. Federal aid to highways | 44,130,597,166.23 | 0.00 | 44,130,597,166.23 | |
| 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 | 9,551,922.13 | 0.00 | 9,551,922.13 | ||
| 5. Total | 44,140,149,088.36 | 0.00 | 44,140,149,088.36 | ||
| B. Federal Motor Carrier Safety Administration | 698,261,812.49 | 0.00 | 698,261,812.49 | ||
| C. Federal Transit Administration | 0.00 | 7,206,487,561.72 | 7,206,487,561.72 | ||
| D. National Highway Traffic Safety Administration | 1. Highway related safety grants | 0.00 | 0.00 | 0.00 | |
| 2. Operations and research | 147,849,162.22 | 0.00 | 147,849,162.22 | ||
| 3. Highway traffic safety grants | 695,580,856.75 | 0.00 | 695,580,856.75 | ||
| NHTSA child | 24,300,000.00 | 0.00 | 24,300,000.00 | ||
| 4. National driver register | 0.00 | 0.00 | 0.00 | ||
| 5. Total | 867,730,018.97 | 0.00 | 867,730,018.97 | ||
| E. Federal Railroad Administration | 0.00 | 0.00 | 0.00 | ||
| F. Office of the Secretary of Tranportation | 644,309,732.06 | 0.00 | 644,309,732.06 | ||
| G. Other agencies | 0.00 | 0.00 | 0.00 | ||
| H. Total expenditures | 46,350,450,651.88 | 7,206,487,561.72 | 53,556,938,213.60 | ||
| V. Receipt Accounts: | |||||
| A. Office of the Secretary of Tranportation | 273,028,967.48 | 0.00 | 273,028,967.48 | ||
| VI. Closing Balances in Trust Fund: | |||||
| A. Investments | U. S. Treasury securities | 94,313,998,750.47 | 33,232,569,899.22 | 127,546,568,649.69 | |
| B. Undisbursed balances | 1. Uninvested - held by Bureau of the Fiscal Service | 2,487,404,154.05 | 322,634,000.00 | 2,810,038,154.05 | |
| 2. Uninvested - held by program agencies | a. Federal aid to highways | 1,553,210,443.89 | 0.00 | 1,553,210,443.89 | |
| b. Right-of-way revolving fund | 4,278,779.63 | 0.00 | 4,278,779.63 | ||
| c. Miscellaneous highway trust funds | 11,535,639.60 | 0.00 | 11,535,639.60 | ||
| d. Appalachian Development Highway System | 4,000.00 | 0.00 | 4,000.00 | ||
| e. Federal Motor Carrier Safety Administration | 344,534,440.81 | 0.00 | 344,534,440.81 | ||
| f. Federal Transit Administration | 0.00 | 999,681,616.09 | 999,681,616.09 | ||
| g. National Highway Traffic Safety Administration | 187,900,630.22 | 0.00 | 187,900,630.22 | ||
| h. Federal Railroad Administration | 29,031.27 | 0.00 | 29,031.27 | ||
| i. Office of the Secretary of Transportation | 10,242,204.75 | 0.00 | 10,242,204.75 | ||
| j. Other agencies | 0.00 | 0.00 | 0.00 | ||
| k. Total | 2,111,735,170.17 | 999,681,616.09 | 3,111,416,786.26 | ||
| 3. Total uninvested balance | 4,599,139,324.22 | 1,322,315,616.09 | 5,921,454,940.31 | ||
| C. Total balance | 98,913,138,074.69 | 34,554,885,515.31 | 133,468,023,590.00 | ||
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.