CPC FY2018 budget vs. current law (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 | 0 | 0 | 131 | 272 | 292 | 310 | 331 | 350 | 374 | 399 | 425 | 456 | 1,336 | 3,339 |
Payroll taxes | 0 | 0 | 5 | 26 | 29 | 32 | 38 | 43 | 47 | 52 | 58 | 65 | 130 | 395 |
Corporate income taxes | 0 | 0 | 267 | 274 | 217 | 231 | 246 | 171 | 96 | 103 | 113 | 123 | 1,235 | 1,842 |
Other | 0 | 0 | 90 | 322 | 335 | 347 | 361 | 372 | 381 | 389 | 396 | 402 | 1,454 | 3,393 |
Total | 0 | 0 | 493 | 894 | 872 | 920 | 976 | 935 | 897 | 943 | 992 | 1,046 | 4,156 | 8,969 |
On-budget | 0 | 0 | 488 | 868 | 844 | 888 | 938 | 893 | 850 | 891 | 934 | 981 | 4,025 | 8,574 |
Off-budgeta | 0 | 0 | 5 | 26 | 29 | 32 | 38 | 43 | 47 | 52 | 58 | 65 | 130 | 395 |
Outlays | ||||||||||||||
Mandatory | 0 | 175 | 561 | 441 | 444 | 403 | 430 | 429 | 456 | 491 | 487 | 511 | 2,279 | 4,652 |
Discretionary | 0 | 79 | 9 | 9 | 21 | 49 | 74 | 95 | 114 | 129 | 141 | 153 | 163 | 795 |
Net interest | 0 | 2 | 3 | 1 | -8 | -20 | -36 | -52 | -66 | -79 | -93 | -109 | -60 | -460 |
Total | 0 | 255 | 574 | 451 | 458 | 431 | 468 | 472 | 504 | 540 | 535 | 555 | 2,382 | 4,987 |
On-budget | 0 | 255 | 574 | 450 | 457 | 431 | 468 | 471 | 502 | 538 | 532 | 553 | 2,371 | 4,976 |
Off-budgeta | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 3 | 2 | 11 | 11 |
Deficit (-) or surplus | 0 | -255 | -81 | 444 | 415 | 488 | 508 | 463 | 393 | 403 | 457 | 491 | 1,774 | 3,981 |
On-budget | 0 | -255 | -85 | 417 | 386 | 457 | 471 | 422 | 348 | 353 | 402 | 428 | 1,646 | 3,599 |
Off-budgeta | 0 | 0 | 4 | 26 | 28 | 32 | 37 | 41 | 45 | 50 | 55 | 63 | 128 | 382 |
Debt held by the public | 0 | 255 | 336 | -108 | -522 | -1,011 | -1,519 | -1,982 | -2,375 | -2,778 | -3,235 | -3,726 | 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.