CPC FY2017 budget vs. current law (in billions of dollars)
Total | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Actual, 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2017–2021 | 2017–2026 | |
Revenues | ||||||||||||||
Individual income taxes | 0 | -21 | 174 | 315 | 334 | 358 | 383 | 410 | 436 | 467 | 499 | 532 | 1,564 | 3,907 |
Payroll taxes | 0 | 0 | 2 | 24 | 26 | 29 | 32 | 38 | 42 | 46 | 52 | 58 | 113 | 349 |
Corporate income taxes | 0 | 0 | 104 | 111 | 115 | 119 | 124 | 130 | 136 | 141 | 148 | 154 | 574 | 1,283 |
Other | 0 | 0 | 187 | 277 | 298 | 315 | 332 | 350 | 362 | 374 | 386 | 397 | 1,410 | 3,278 |
Total | 0 | -21 | 467 | 728 | 773 | 821 | 872 | 928 | 975 | 1,028 | 1,084 | 1,142 | 3,661 | 8,818 |
On-budget | 0 | -21 | 465 | 704 | 747 | 792 | 840 | 890 | 933 | 982 | 1,032 | 1,084 | 3,548 | 8,468 |
Off-budget* | 0 | 0 | 2 | 24 | 26 | 29 | 32 | 38 | 42 | 46 | 52 | 58 | 113 | 349 |
Outlays | ||||||||||||||
Mandatory | 0 | 278 | 371 | 278 | 286 | 294 | 306 | 323 | 337 | 354 | 379 | 371 | 1,534 | 3,298 |
Discretionary | 0 | 1 | -51 | -9 | 22 | 51 | 83 | 104 | 122 | 142 | 160 | 175 | 96 | 799 |
Net interest | 0 | 1 | 3 | -5 | -20 | -36 | -55 | -74 | -95 | -117 | -141 | -166 | -113 | -706 |
Total | 0 | 280 | 323 | 264 | 288 | 309 | 333 | 352 | 364 | 379 | 398 | 380 | 1,516 | 3,391 |
On-budget | 0 | 280 | 323 | 264 | 288 | 308 | 333 | 352 | 364 | 378 | 397 | 378 | 1,516 | 3,384 |
Off-budget* | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 7 |
Deficit (-) or surplus | 0 | -301 | 144 | 464 | 485 | 513 | 539 | 575 | 611 | 649 | 686 | 761 | 2,145 | 5,427 |
On-budget | 0 | -301 | 142 | 440 | 459 | 484 | 507 | 538 | 569 | 604 | 635 | 706 | 2,032 | 5,084 |
Off-budget* | 0 | 0 | 2 | 24 | 26 | 28 | 32 | 37 | 42 | 45 | 50 | 56 | 112 | 343 |
Debt held by the public | 0 | 301 | 157 | -307 | -792 | -1,305 | -1,843 | -2,419 | -3,029 | -3,679 | -4,364 | -5,126 | 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.