How the money flows from the government to the American people? and What to know about the COVID-19 Spending...

How the money flows from the government to the American people? and What to know about the COVID-19 Spending...


 

How the money flows from the government to the American people? and What to know about the COVID-19 Spending...

Please take a look at the all DATALAB information out here and let me know if you do have questions on comments.

 

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How do you track $2.59 trillion?

All of the data in this analysis comes from agencies’ certified monthly reporting to the Treasury’s Governmentwide Treasury Account Symbol Adjusted Trial Balance System (GTAS). Agencies are also mandated to report spending to USAspending.gov on a monthly basis, starting in July 2020. While the Treasury validates the data by comparing it to information from other systems, each federal agency’s Chief Financial Officer (CFO) is responsible for certifying all of the agency’s reporting, and ensuring the data is correct.

For the COVID-19 special appropriations, agencies are required to include a special field called the Disaster Emergency Fund Code (DEFC) in their financial reporting. Data Lab is tracking COVID-19 appropriations through the spending lifecycle using the DEFC that can be used to map transactions to each piece of legislation.

 

 

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Continue exploring COVID-19 spending data by visiting USAspending.gov/covid-19.

https://datalab.usaspending.gov/federal-covid-funding/

 

 

 

 

 

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