CPC FY2018 budget totals (in billions of dollars)
Total | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Actual, 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2018–2022 | 2018–2027 | |
Revenues | ||||||||||||||
Individual income taxes | 1,546 | 1,651 | 1,912 | 2,143 | 2,249 | 2,362 | 2,479 | 2,598 | 2,729 | 2,869 | 3,015 | 3,169 | 11,145 | 25,526 |
Payroll taxes | 1,115 | 1,150 | 1,195 | 1,256 | 1,294 | 1,344 | 1,402 | 1,459 | 1,514 | 1,577 | 1,641 | 1,705 | 6,491 | 14,388 |
Corporate income taxes | 300 | 320 | 607 | 626 | 599 | 608 | 626 | 557 | 492 | 511 | 536 | 562 | 3,067 | 5,724 |
Other | 306 | 283 | 383 | 602 | 608 | 624 | 645 | 667 | 689 | 710 | 732 | 750 | 2,862 | 6,409 |
Total | 3,267 | 3,404 | 4,097 | 4,627 | 4,751 | 4,939 | 5,152 | 5,281 | 5,424 | 5,667 | 5,924 | 6,186 | 23,565 | 52,047 |
On-budget | 2,457 | 2,566 | 3,222 | 3,701 | 3,794 | 3,947 | 4,121 | 4,211 | 4,313 | 4,513 | 4,723 | 4,939 | 18,786 | 41,485 |
Off-budgeta | 810 | 838 | 875 | 926 | 957 | 991 | 1,031 | 1,071 | 1,111 | 1,154 | 1,200 | 1,247 | 4,780 | 10,563 |
Outlays | ||||||||||||||
Mandatory | 2,429 | 2,659 | 3,146 | 3,205 | 3,369 | 3,500 | 3,759 | 3,885 | 4,039 | 4,318 | 4,563 | 4,816 | 16,979 | 38,599 |
Discretionary | 1,184 | 1,288 | 1,220 | 1,247 | 1,278 | 1,333 | 1,390 | 1,435 | 1,481 | 1,534 | 1,580 | 1,628 | 6,467 | 14,126 |
Net interest | 241 | 271 | 299 | 332 | 372 | 415 | 455 | 499 | 538 | 578 | 620 | 659 | 1,874 | 4,768 |
Total | 3,854 | 4,218 | 4,665 | 4,785 | 5,019 | 5,247 | 5,604 | 5,818 | 6,058 | 6,430 | 6,763 | 7,103 | 25,320 | 57,492 |
On-budget | 3,078 | 3,412 | 3,801 | 3,859 | 4,032 | 4,191 | 4,476 | 4,614 | 4,774 | 5,062 | 5,306 | 5,553 | 20,350 | 45,668 |
Off-budgeta | 776 | 806 | 864 | 925 | 988 | 1,056 | 1,128 | 1,205 | 1,284 | 1,368 | 1,457 | 1,550 | 4,969 | 11,823 |
Deficit (-) or surplus | -587 | -814 | -568 | -158 | -269 | -308 | -451 | -537 | -634 | -763 | -839 | -916 | -1,754 | -5,444 |
On-budget | -621 | -846 | -579 | -158 | -238 | -244 | -355 | -403 | -461 | -549 | -583 | -614 | -1,573 | -4,182 |
Off-budgeta | 34 | 32 | 11 | 0 | -31 | -64 | -97 | -134 | -174 | -214 | -257 | -303 | -181 | -1,262 |
Debt held by the public | 14,168 | 15,093 | 15,752 | 15,985 | 16,322 | 16,693 | 17,202 | 17,794 | 18,483 | 19,300 | 20,195 | 21,166 | n.a. | n.a. |
Memorandum | ||||||||||||||
Gross domestic product | 18,403 | 19,157 | 19,926 | 20,661 | 21,378 | 22,168 | 23,037 | 23,948 | 24,899 | 25,889 | 26,917 | 27,985 | 107,171 | 236,809 |
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.