What does the Bureau of the Fiscal Service do?
The Bureau of the Fiscal Service (BFS, Fiscal Service) is a subdivision of the US Department of the Treasury responsible for managing the government's accounting, central payment systems, and public debt. The agency ensures the effective and efficient management of federal finances by providing accurate and timely financial information, promoting the use of electronic financial services, and overseeing the issuance of government securities. It was established in 2012.
$16.1B
1.2%
How much does the Bureau of the Fiscal Service spend?
The Bureau of the Fiscal Service ranked second among Department of the Treasury divisions in net spending in 2024.
TREAS net spending by division, FY 2024
The Bureau of the Fiscal Service’s federal spending in FY 2024 was lower than in FY 2012.
Yearly federal net spending by BFS, adjusted for inflation (2024 dollars), FYs 2012–2024
The Bureau of the Fiscal Service’s share of federal spending in FY 2024 was lower than in FY 2012.
Net spending by BFS as a share of federal spending, FYs 2012–2024
How did the Bureau of the Fiscal Service spend its budget in 2024?
Federal government net spending isolated to BFS, FY 2024
How many people work for the Bureau of the Fiscal Service?
Who leads the Bureau of the Fiscal Service?
The Bureau of the Fiscal Service is led by the Commissioner of the Fiscal Service. This individual is appointed by the Secretary of the Treasury. The Commissioner reports to the Under Secretary for Domestic Finance. The term length for the Commissioner is not fixed and can vary based on the needs of the Treasury Department.
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.