Financial Statements of the United States Government for the Fiscal Years Ended September 30, 2022, and 2021
Statements of Changes in Social Insurance Amounts
United States Government
Statement of Changes in Social Insurance Amounts
for the Year Ended September 30, 2022 (Note 25)
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(In trillions of dollars) |
Social Security 1 |
Medicare HI 1 |
Medicare SMI 1,3 |
Other 2 |
Total |
---|---|---|---|---|---|
NPV of future revenue less future expenditures for current and future participants (open group) over the next 75 years, beginning of the year | (22.7) |
(5.0) |
(43.2) |
(0.1) |
(71.0) |
Reasons for changes in the NPV during the year: | |||||
Changes in valuation period | (0.7) | (0.1) | ( 0.9) | - | (1.7) |
Changes in demographic data, assumptions, and methods | (0.3) | - | (0.5 ) | - | (0.8) |
Changes in economic data, assumptions, and methods | (0.2) | - | - | - | (0.2) |
Changes in law or policy | - | - | - | - | - |
Changes in methodology and programmatic data | 0.6 | - | - | - | 0.6 |
Changes in economic and health care assumptions | - |
(1.9) |
(3.4) |
- |
(5.3) |
Change in projection base | - | 2.0 | 0.5 | - | 2.5 |
Net change in open group measure | (0.6) | - | (4.3) | - | (4.9) |
Open group measure, end of year | (23.3) | (5.0) | (47.5) | (0.1) | (75.9) |
1Amounts represent changes between valuation dates 1/1/2021 and 1/1/2022. | |||||
2Includes Railroad Retirement changes between valuation dates 10/1/2020 and 10/1/2021 and Black Lung changes between 9/30/2021 and 9/30/2022. | |||||
3Amounts shown exclude General Fund transfers reported by CMS for Medicare's Parts B and D. | |||||
The accompanying notes are an integral part of these financial statements. |
United States Government
Statement of Changes in Social Insurance Amounts
for the Year Ended September 30, 2021 (Note 25)
Table may scroll on smaller screens
(In trillions of dollars) |
Social Security 1 |
Medicare HI 1 |
Medicare SMI 1,3 |
Other 2 |
Total |
---|---|---|---|---|---|
NPV of future revenue less future expenditures for current and future participants (open group) over the next 75 years, beginning of the year | (19.7) |
(4.8) |
(40.9) |
(0.1) |
(65.5) |
Reasons for changes in the NPV during the year: | |||||
Changes in valuation period | (0.7) | (0.1) | (1.4) | - | (2.2) |
Changes in demographic data, assumptions, and methods | 0.2 | 0.7 | 0.6 | - | 1.5 |
Changes in economic data, assumptions, and methods | (1.2) | - | - | - | (1.2) |
Changes in law or policy | (0.1) | - | (0.1) | - | (0.2) |
Changes in methodology and programmatic data | (1.2) | - | - | - | (1.2) |
Changes in economic and health care assumptions | - |
(1.0) |
(2.8) |
- |
(3.8) |
Change in projection base | - | 0.2 | 1.4 | - | 1.6 |
Net change in open group measure | (3.0) | (0.2) | (2.3) | - | (5.5) |
Open group measure, end of year | (22.7) | (5.0) | (43.2) | (0.1) | (71.0) |
1Amounts represent changes between valuation dates 1/1/2020 and 1/1/2021. | |||||
2Includes Railroad Retirement changes between valuation dates 10/1/2019 and 10/1/2020 and Black Lung changes between 9/30/2020 and 9/30/2021. | |||||
3Amounts shown exclude General Fund transfers reported by CMS for Medicare's Parts B and D. | |||||
The accompanying notes are an integral part of these financial statements. |
- Current Report: Fiscal Year 2022 - PDF version
- A Message from the Secretary of the Treasury - PDF version
- Table of Contents - PDF version
- The Nation By The Numbers
- Executive Summary - PDF version
- Management's Discussion & Analysis - PDF version
- Statement of the Comptroller General of the United States - PDF version
- Financial Statements - PDF version
- Statements of Net Cost
- Statements of Operations and Changes in Net Position
- Reconciliations of Net Operating Cost and Budget Deficit
- Statements of Changes in Cash Balance from Budget and Other Activities
- Balance Sheets
- Statements of Long-Term Fiscal Projections
- Statements of Social Insurance
- Statement of Changes in Social Insurance Amounts
- Notes to the Financial Statements - PDF version
- Note 1. Summary of Significant Accounting Policies - PDF version
- Note 2. Cash and Other Monetary Assets - PDF version
- Note 3. Accounts Receivable, Net - PDF version
- Note 4. Loans Receivable, Net and Loan Guarantee Liabilities - PDF version
- Note 5. Inventory and Related Property, Net - PDF version
- Note 6. General Property, Plant, and Equipment, Net - PDF version
- Note 7. Investments - PDF version
- Note 8. Investments in Government-Sponsored Enterprises - PDF version
- Note 9. Advances and Prepayments - PDF version
- Note 10. Other Assets - PDF version
- Note 11. Accounts Payable - PDF version
- Note 12. Federal Debt and Interest Payable - PDF version
- Note 13. Federal Employee and Veteran Benefits Payable - PDF version
- Note 14. Environmental and Disposal Liabilities - PDF version
- Note 15. Benefits Due and Payable - PDF version
- Note 16. Insurance and Guarantee Program Liabilities - PDF version
- Note 17. Advances from Others and Deferred Revenue - PDF version
- Note 18. Other Liabilities - PDF version
- Note 19. Collections and Refunds of Federal Revenue - PDF version
- Note 20. Commitments - PDF version
- Note 21. Contingencies - PDF version
- Note 22. Funds from Dedicated Collections - PDF version
- Note 23. Fiduciary Activities - PDF version
- Note 24. Long-Term Fiscal Projections - PDF version
- Note 25. Social Insurance - PDF version
- Note 26. Stewardship Property, Plant, and Equipment - PDF version
- Note 27. Disclosure Entities and Related Parties - PDF version
- Note 28. Public-Private Partnerships - PDF version
- Note 29. COVID-19 Activity - PDF version
- Note 30. Subsequent Events - PDF version
- Required Supplementary Information (Unaudited) - PDF version
- The Sustainability of Fiscal Policy - PDF version
- Social Insurance - PDF version
- Deferred Maintenance and Repairs - PDF version
- Other Claims for Refunds - PDF version
- Tax Assessments - PDF version
- Federal Oil and Gas Resources - PDF version
- Federal Natural Resources Other than Oil and Gas - PDF version
- Land and Permanent Land Rights - PDF version
- Other Information (Unaudited) - PDF version
- Tax Burden - PDF version
- Tax Gap - PDF version
- Tax Expenditures - PDF version
- Unmatched Transactions and Balances - PDF version
- Appendices
- Appendix A: Reporting Entity - PDF version
- Appendix B: Glossary of Acronyms - PDF version
- U.S. Government Accountability Office Independent Auditor's Report - PDF version
- Related Resources
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