I am proud to share the Strategic Plan of the Department of the Treasury for Fiscal Years 2022–2026.There is much we cannot predict about the next four years, but there are certain things we know: The United States will be recovering from one of the most precipitous downturns in our history, the economic crisis caused by the COVID-19 pandemic. At the same time, we will have to address the structural problems that have plagued our economy for decades: the decline in labor force participation, income and racial inequality, and serious underinvestment in crucial public goods like childcare, education, and physical infrastructure. And then there are rising challenges, like climate change, which, left unchecked, will undermine every aspect of our economy from supply chains to the financial system.
America’s ability to compete in the latter part of the 21st century depends on how well we meet this collection of challenges. Treasury must play a critical role. The following plan outlines how our Department is readying – and, in some cases, transforming – ourselves to do this. It covers Treasury’s priorities for the next four years and underscores our commitment to re-engaging allies and centering equity across mission areas to achieve our goals.
We are now engaged in the most important economic project in recent history: Repairing the broken foundations of our economy, and on top of them, building something stronger and fairer than what came before.
Sincerely,
Janet Yellen
Secretary of the Treasury
DEPARTMENT OF THE TREASURY
Washington, D.C. 20220