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.

View the underlying data on epi.org.