Highway Statistics Series
Highway Statistics 2023
Status of The Federal Highway Trust Fund 1/
October 1, 2022 - September 30, 2023
July 2024
(Millions of Dollars)
| Item | Highway Account |
Mass Transit Account 2/ |
Total | ||
|---|---|---|---|---|---|
| I. Opening balance: | |||||
| A. Investments - U.S. Treasury special certificates of indebtedness | 94,313,998,750.47 | 33,232,569,899.22 | 127,546,568,649.69 | ||
| B. Uninvested - held by Bureau of the Fiscal Service | 2,487,404,154.05 | 322,634,000.00 | 2,810,038,154.05 | ||
| C. Uninvested - held by program agencies | 2,111,735,170.17 | 999,681,616.09 | 3,111,416,786.26 | ||
| D. Total balance | 98,913,138,074.69 | 34,554,885,515.31 | 133,468,023,590.00 | ||
| II. Receipts: | |||||
| A. Gross excise taxes (transferred General Fund receipts) | 1. Gasoline | 19,820,423,501.50 | 3,671,393,508.70 | 23,491,817,010.20 | |
| 2. Diesel and special motor fuels | 9,668,101,855.75 | 1,284,724,399.67 | 10,952,826,255.42 | ||
| 3. Tires | 674,384,510.78 | 0.00 | 674,384,510.78 | ||
| 4. Trucks and trailers | 7,171,896,680.39 | 0.00 | 7,171,896,680.39 | ||
| 5. Federal use tax | 1,386,018,918.29 | 0.00 | 1,386,018,918.29 | ||
| 6. Total excise taxes | 38,720,825,466.71 | 4,956,117,908.37 | 43,676,943,375.08 | ||
| 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 | 396,660,000.00 | 50,590,000.00 | 447,250,000.00 | ||
| 3. To Airport and Airway Trust Fund & General Fund (aviation kerosene) | 965,246,965.58 | 128,767,586.94 | 1,094,014,552.52 | ||
| 4. Total | 1,362,747,965.58 | 179,516,586.94 | 1,542,264,552.52 | ||
| C. Net excise taxes | 37,358,077,501.13 | 4,776,601,321.43 | 42,134,678,822.56 | ||
| D. Interest income | 1. Interest on investments (cash basis) 3/ | 4,205,517,212.56 | 1,494,673,322.79 | 5,700,190,535.35 | |
| 2. Interest under Cash Management Improvement Act (net) | 429,797.00 | 0.00 | 429,797.00 | ||
| 3. Total | 4,205,947,009.56 | 1,494,673,322.79 | 5,700,620,332.35 | ||
| E. Other income | 1. Motor carrier safety fines and penalties | 15,868,032.19 | 0.00 | 15,868,032.19 | |
| 2. Civil tax penalties related to highway excise taxes | 53,277.00 | 0.00 | 53,277.00 | ||
| 3. Traffic safety fines and penalties | 65,075,000.00 | 0.00 | 65,075,000.00 | ||
| 4. Transfer from General Fund per P.L. 114-94 | 0.00 | 0.00 | 0.00 | ||
| 4. Total | 80,996,309.19 | 0.00 | 80,996,309.19 | ||
| F. Total receipts | 41,645,020,819.88 | 6,271,274,644.22 | 47,916,295,464.10 | ||
| 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 | 134,902,699.00 | (134,902,699.00) | 0.00 | ||
| C. Total | (1,065,097,301.00) | 1,065,097,301.00 | 0.00 | ||
| IV. Expenditures: | |||||
| A. Federal Highway Administration | 1. Federal aid to highways | 48,088,282,668.65 | 0.00 | 48,088,282,668.65 | |
| 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 | 6,981,013.74 | 0.00 | 6,981,013.74 | ||
| 5. Total | 48,095,263,682.39 | 0.00 | 48,095,263,682.39 | ||
| B. Federal Motor Carrier Safety Administration | 822,675,732.92 | 0.00 | 822,675,732.92 | ||
| C. Federal Transit Administration | 0.00 | 9,965,362,146.82 | 9,965,362,146.82 | ||
| D. National Highway Traffic Safety Administration | 1. Highway related safety grants | 0.00 | 0.00 | 0.00 | |
| 2. Operations and research | 163,010,728.55 | 0.00 | 163,010,728.55 | ||
| 3. Highway traffic safety grants | 788,602,661.70 | 0.00 | 788,602,661.70 | NHTSA child | 0.00 |
| 4. National driver register | 0.00 | 0.00 | 0.00 | ||
| 5. Total | 951,613,390.25 | 0.00 | 951,613,390.25 | ||
| E. Federal Railroad Administration | 29,031.27 | 0.00 | 29,031.27 | ||
| F. Office of the Secretary of Transportation | 287,834,289.41 | 0.00 | 287,834,289.41 | ||
| G. Other agencies | 0.00 | 0.00 | 0.00 | ||
| H. Total expenditures | 50,157,416,126.24 | 9,965,362,146.82 | 60,122,778,273.06 | ||
| V. Receipt Accounts: | |||||
| A. Office of the Secretary of Transportation | 313,105,161.91 | 0.00 | 313,105,161.91 | ||
| VI. Closing Balances in Trust Fund: | |||||
| A. Investments | U. S. Treasury securities | 84,610,747,984.62 | 31,062,557,973.40 | 115,673,305,958.02 | |
| B. Undisbursed balances | 1. Uninvested - held by Bureau of the Fiscal Service | 2,496,137,750.78 | 263,920,570.04 | 2,760,058,320.82 | |
| 2. Uninvested - held by program agencies | a. Federal aid to highways | 1,708,650,961.94 | 0.00 | 1,708,650,961.94 | |
| b. Right-of-way revolving fund | 4,278,779.63 | 0.00 | 4,278,779.63 | ||
| c. Miscellaneous highway trust funds | 11,827,625.86 | 0.00 | 11,827,625.86 | ||
| d. Appalachian Development Highway System | 4,000.00 | 0.00 | 4,000.00 | ||
| e. Federal Motor Carrier Safety Administration | 350,335,784.57 | 0.00 | 350,335,784.57 | ||
| f. Federal Transit Administration | 0.00 | 599,416,770.27 | 599,416,770.27 | ||
| g. National Highway Traffic Safety Administration | 434,917,953.97 | 0.00 | 434,917,953.97 | ||
| h. Federal Railroad Administration | 0.00 | 0.00 | 0.00 | ||
| i. Office of the Secretary of Transportation | 31,849,787.87 | 0.00 | 31,849,787.87 | ||
| j. Other agencies | 0.00 | 0.00 | 0.00 | ||
| k. Total | 2,541,864,893.84 | 599,416,770.27 | 3,141,281,664.11 | ||
| 3. Total uninvested balance | 5,038,002,644.62 | 863,337,340.31 | 5,901,339,984.93 | ||
| C. Total balance | 89,648,750,629.24 | 31,925,895,313.71 | 121,574,645,942.95 | ||
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.