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.