CPC FY2017 budget vs. current law (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 | 0 | -0.11% | 0.90% | 1.57% | 1.60% | 1.65% | 1.70% | 1.74% | 1.78% | 1.83% | 1.88% | 1.92% | 1.49% | 1.68% |
Payroll taxes | 0 | 0.00% | 0.01% | 0.12% | 0.12% | 0.13% | 0.14% | 0.16% | 0.17% | 0.18% | 0.20% | 0.21% | 0.11% | 0.15% |
Corporate income taxes | 0 | 0.00% | 0.54% | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% | 0.56% | 0.56% | 0.55% | 0.55% |
Other | 0 | 0.00% | 0.97% | 1.38% | 1.43% | 1.45% | 1.47% | 1.49% | 1.48% | 1.47% | 1.45% | 1.44% | 1.35% | 1.41% |
Total | 0 | -0.11% | 2.42% | 3.62% | 3.70% | 3.78% | 3.86% | 3.94% | 3.98% | 4.03% | 4.08% | 4.13% | 3.50% | 3.79% |
On-budget | 0 | -0.11% | 2.41% | 3.50% | 3.57% | 3.65% | 3.72% | 3.78% | 3.81% | 3.85% | 3.89% | 3.92% | 3.39% | 3.64% |
Off-budget* | 0 | 0.00% | 0.01% | 0.12% | 0.12% | 0.13% | 0.14% | 0.16% | 0.17% | 0.18% | 0.20% | 0.21% | 0.11% | 0.15% |
Outlays | ||||||||||||||
Mandatory | 0 | 1.50% | 1.92% | 1.38% | 1.37% | 1.35% | 1.35% | 1.37% | 1.38% | 1.39% | 1.43% | 1.34% | 1.47% | 1.42% |
Discretionary | 0 | 0.01% | -0.27% | -0.05% | 0.11% | 0.24% | 0.37% | 0.44% | 0.50% | 0.56% | 0.60% | 0.63% | 0.09% | 0.34% |
Net interest | 0 | 0.01% | 0.02% | -0.02% | -0.10% | -0.17% | -0.24% | -0.32% | -0.39% | -0.46% | -0.53% | -0.60% | -0.11% | -0.30% |
Total | 0 | 1.51% | 1.67% | 1.31% | 1.38% | 1.42% | 1.47% | 1.50% | 1.49% | 1.49% | 1.50% | 1.38% | 1.45% | 1.46% |
On-budget | 0 | 1.51% | 1.67% | 1.31% | 1.38% | 1.42% | 1.47% | 1.50% | 1.48% | 1.48% | 1.49% | 1.37% | 1.45% | 1.46% |
Off-budget* | 0 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.00% |
Deficit (-) or surplus | 0 | -1.63% | 0.75% | 2.31% | 2.32% | 2.36% | 2.38% | 2.44% | 2.49% | 2.55% | 2.58% | 2.75% | 2.05% | 2.34% |
On-budget | 0 | -1.63% | 0.74% | 2.19% | 2.19% | 2.23% | 2.24% | 2.29% | 2.32% | 2.37% | 2.39% | 2.55% | 1.94% | 2.19% |
Off-budget* | 0 | 0.00% | 0.01% | 0.12% | 0.12% | 0.13% | 0.14% | 0.16% | 0.17% | 0.18% | 0.19% | 0.20% | 0.11% | 0.15% |
Debt held by the public | 0 | 1.63% | 0.81% | -1.53% | -3.79% | -6.01% | -8.16% | -10.28% | -12.37% | -14.42% | -16.43% | -18.53% | n.a. | n.a. |
Memorandum | ||||||||||||||
CPC | 73.65% | 77.21% | 76.54% | 74.21% | 72.90% | 71.77% | 70.68% | 70.01% | 69.29% | 68.42% | 67.90% | 67.58% | n.a. | n.a. |
Current law | 73.65% | 75.58% | 75.73% | 75.74% | 76.69% | 77.78% | 78.84% | 80.29% | 81.65% | 82.84% | 84.34% | 86.11% | 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.