CPC FY2018 budget vs. current law (as a percentage of GDP)

Total
Actual, 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2018–2022 2018–2027
Revenues
Individual income taxes 0 0.00% 0.66% 1.32% 1.37% 1.40% 1.44% 1.46% 1.50% 1.54% 1.58% 1.63% 1.25% 1.41%
Payroll taxes 0 0.00% 0.02% 0.13% 0.14% 0.15% 0.17% 0.18% 0.19% 0.20% 0.22% 0.23% 0.12% 0.17%
Corporate income taxes 0 0.00% 1.34% 1.33% 1.01% 1.04% 1.07% 0.71% 0.38% 0.40% 0.42% 0.44% 1.15% 0.78%
Other 0 0.00% 0.45% 1.56% 1.57% 1.56% 1.57% 1.55% 1.53% 1.50% 1.47% 1.44% 1.36% 1.43%
Total 0 0.00% 2.47% 4.33% 4.08% 4.15% 4.24% 3.91% 3.60% 3.64% 3.69% 3.74% 3.88% 3.79%
On-budget 0 0.00% 2.45% 4.20% 3.95% 4.00% 4.07% 3.73% 3.42% 3.44% 3.47% 3.51% 3.76% 3.62%
Off-budgeta 0 0.00% 0.02% 0.13% 0.14% 0.15% 0.17% 0.18% 0.19% 0.20% 0.22% 0.23% 0.12% 0.17%
Outlays
Mandatory 0 0.91% 2.82% 2.13% 2.08% 1.82% 1.87% 1.79% 1.83% 1.89% 1.81% 1.83% 2.13% 1.96%
Discretionary 0 0.41% 0.05% 0.04% 0.10% 0.22% 0.32% 0.40% 0.46% 0.50% 0.53% 0.55% 0.15% 0.34%
Net interest 0 0.01% 0.02% 0.00% -0.04% -0.09% -0.16% -0.22% -0.27% -0.31% -0.35% -0.39% -0.06% -0.19%
Total 0 1.33% 2.88% 2.18% 2.14% 1.95% 2.03% 1.97% 2.02% 2.09% 1.99% 1.98% 2.22% 2.11%
On-budget 0 1.33% 2.88% 2.18% 2.14% 1.94% 2.03% 1.97% 2.02% 2.08% 1.98% 1.98% 2.21% 2.10%
Off-budgeta 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00%
Deficit (-) or surplus 0 -1.33% -0.41% 2.15% 1.94% 2.20% 2.21% 1.93% 1.58% 1.56% 1.70% 1.76% 1.66% 1.68%
On-budget 0 -1.33% -0.43% 2.02% 1.81% 2.06% 2.04% 1.76% 1.40% 1.36% 1.49% 1.53% 1.54% 1.52%
Off-budgeta 0 0.00% 0.02% 0.13% 0.13% 0.14% 0.16% 0.17% 0.18% 0.19% 0.20% 0.23% 0.12% 0.16%
Debt held by the public 0 1.33% 1.69% -0.52% -2.44% -4.56% -6.59% -8.28% -9.54% -10.73% -12.02% -13.32% n.a. n.a.
Memorandum (debt held by the public as a share of GDP)
CPC 76.99% 78.78% 79.05% 77.37% 76.35% 75.30% 74.67% 74.30% 74.23% 74.55% 75.03% 75.63% n.a. n.a.
Current Law 76.99% 77.45% 77.37% 77.89% 78.79% 79.86% 81.26% 82.58% 83.77% 85.28% 87.04% 88.95% n.a. n.a.

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.

Note: Figures are for fiscal years.

View the underlying data on epi.org.