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The Bureau of the Fiscal Service (Fiscal Service) is a bureau of the U.S. Department of the Treasury. The Fiscal Service replaced the Bureau of the Public Debt and the Financial Management Service effective October 7, 2012 by directive of Treasury Secretary Timothy Geithner.[1] The Bureau manages the government's accounting, central payment systems, and public debt.[2] Among some of its better known duties is to collect any voluntary donations made to the government for reduction of the public debt. The amount of such reductions has hovered around two million dollars per year, and have been widely variable.[3] By comparison, the annual compounding interest on US government debt in the year 2022 has been projected to be about $305B, making it some 152500 times greater than the amount of voluntary donations to the treasury. See also[edit]
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Why would I get a letter from the Bureau of the Fiscal Service?The Bureau of the Fiscal Service in the Department of the Treasury collects overdue (delinquent) nontax debt for other federal agencies. If you owe money to a federal agency and you did not pay it on time, you have a delinquent debt. You will receive a letter first from the agency to whom you owe the debt.
Who is the US Department of Treasury Bureau of the Fiscal Service?We provide central payment services to the American public on behalf of government agencies. We deliver cost-effective, quality administrative and information technology services through a shared service model. We provide timely, reliable, and transparent financial services and information.
What is the function of the Bureau of the Fiscal Service?At the Bureau of the Fiscal Service, we collect revenue, delinquent debt, and disburse funds to millions of Americans ensuring their timely receipt of benefit payments. Our easy-to-set-up direct deposit programs streamline the government benefit payment process.
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Us department of the treasury bureau of the fiscal service
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