2010   Financial Report of the United States Government

United States Government Stewardship Information (Unaudited) for the Years Ended September 30, 2010, and 2009

Human Capital

The Government runs several programs that invest in human capital. Those investments go toward increasing and maintaining a healthy economy by educating and training the general public. Costs do not include training expenses for Federal workers.

Education, DOL, and VA had $99.5 billion (81 percent), $7.7 billion (6 percent), and $9.5 billion (8 percent), respectively, of the total human capital investments in fiscal year 2010 as shown in Table 11. In comparison over the past 5 years, Education had an increase in fiscal years 2006 and 2010, due to an increase in Federal Family Education Loan and Direct Loan subsidy re-estimates and subsidy transfers due to increased loan consolidation activity; while VA increased in fiscal year 2010 due to implementation of the Post 9/11 GI Bill. Education administers a wide variety of programs related to general public education and training programs that are intended to increase or maintain national economic productive capacity. The Office of Federal Student Aid administers need-based financial assistance programs for students pursuing postsecondary education and makes available federal grants, direct loans, and work-study funding to eligible undergraduate and graduate students.

The significant human capital programs administered by DOL relate to grants for job training and employment programs. The significant human capital programs administered by VA also relate to grants for job training and rehabilitation programs for veterans.

Last Updated:  December 07, 2011