CPC FY2017 budget totals (as a percentage of GDP)
Total | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Actual, 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2017–2021 | 2017–2026 | |
Revenues | ||||||||||||||
Individual income taxes | 8.7% | 8.7% | 9.9% | 10.6% | 10.7% | 10.8% | 10.9% | 11.0% | 11.1% | 11.3% | 11.4% | 11.5% | 10.6% | 11.0% |
Payroll taxes | 6.0% | 6.0% | 5.9% | 6.0% | 6.0% | 6.0% | 6.0% | 6.0% | 6.0% | 5.9% | 6.0% | 6.0% | 6.0% | 6.0% |
Corporate income taxes | 1.9% | 1.8% | 2.3% | 2.3% | 2.3% | 2.4% | 2.3% | 2.2% | 2.2% | 2.2% | 2.1% | 2.1% | 2.3% | 2.2% |
Other | 1.7% | 1.8% | 2.4% | 2.7% | 2.7% | 2.7% | 2.7% | 2.8% | 2.7% | 2.7% | 2.7% | 2.7% | 2.7% | 2.7% |
Total | 18.2% | 18.1% | 20.6% | 21.7% | 21.6% | 21.8% | 21.9% | 22.0% | 22.0% | 22.1% | 22.2% | 22.3% | 21.5% | 21.9% |
On-budget | 13.9% | 13.8% | 16.3% | 17.3% | 17.3% | 17.5% | 17.6% | 17.6% | 17.7% | 17.8% | 17.9% | 18.0% | 17.2% | 17.5% |
Off-budget* | 4.3% | 4.3% | 4.3% | 4.4% | 4.4% | 4.4% | 4.3% | 4.3% | 4.3% | 4.3% | 4.3% | 4.3% | 4.4% | 4.3% |
Outlays | ||||||||||||||
Mandatory | 12.9% | 14.8% | 15.2% | 14.5% | 14.9% | 15.1% | 15.3% | 15.7% | 15.7% | 15.6% | 16.0% | 16.3% | 15.0% | 15.5% |
Discretionary | 6.5% | 6.5% | 6.0% | 5.9% | 6.0% | 6.0% | 6.0% | 6.0% | 5.9% | 5.9% | 5.9% | 5.8% | 6.0% | 5.9% |
Net interest | 1.3% | 1.4% | 1.6% | 1.8% | 2.0% | 2.1% | 2.2% | 2.3% | 2.3% | 2.4% | 2.4% | 2.4% | 2.0% | 2.2% |
Total | 20.7% | 22.7% | 22.8% | 22.2% | 22.8% | 23.2% | 23.5% | 24.0% | 23.9% | 23.8% | 24.3% | 24.5% | 22.9% | 23.6% |
On-budget | 16.5% | 18.5% | 18.6% | 17.9% | 18.4% | 18.7% | 18.8% | 19.2% | 19.0% | 18.8% | 19.1% | 19.2% | 18.5% | 18.8% |
Off-budget* | 4.2% | 4.2% | 4.2% | 4.3% | 4.4% | 4.5% | 4.7% | 4.8% | 4.9% | 5.1% | 5.2% | 5.3% | 4.4% | 4.8% |
Deficit (-) or surplus | -2.5% | -4.6% | -2.2% | -0.5% | -1.2% | -1.4% | -1.6% | -2.0% | -1.9% | -1.7% | -2.0% | -2.2% | -1.4% | -1.7% |
On-budget | -2.6% | -4.7% | -2.2% | -0.6% | -1.2% | -1.2% | -1.2% | -1.5% | -1.3% | -1.0% | -1.2% | -1.2% | -1.3% | -1.3% |
Off-budget* | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% | -0.2% | -0.3% | -0.5% | -0.6% | -0.7% | -0.9% | -1.0% | -0.1% | -0.4% |
Debt held by the public | 73.6% | 77.2% | 76.5% | 74.2% | 72.9% | 71.8% | 70.7% | 70.0% | 69.3% | 68.4% | 67.9% | 67.6% | n.a. | n.a. |
* The revenues and outlays of the Social Security trust funds and the net cash flow of the Postal Service are classified as off-budget.