CPC FY2019 budget totals (percentage of GDP)

Total
Actual, 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2019–2023 2019–2028
Revenues
Individual income taxes 8.28% 8.16% 9.49% 9.96% 9.95% 10.04% 10.15% 10.25% 10.36% 10.97% 11.42% 11.45% 9.93% 10.47%
Payroll taxes 6.06% 5.86% 5.97% 6.02% 6.04% 6.08% 6.11% 6.13% 6.15% 6.16% 6.16% 6.17% 6.05% 6.10%
Corporate income taxes 1.55% 1.21% 1.98% 2.30% 2.33% 2.39% 2.48% 2.55% 2.59% 2.53% 2.41% 2.41% 2.31% 2.41%
Other 1.41% 1.39% 2.38% 2.82% 2.83% 2.83% 2.86% 2.87% 2.87% 2.87% 2.89% 2.90% 2.75% 2.82%
Total 17.29% 16.61% 19.82% 21.11% 21.15% 21.34% 21.59% 21.79% 21.96% 22.53% 22.89% 22.93% 21.03% 21.80%
On-budget 12.86% 12.33% 15.42% 16.64% 16.66% 16.84% 17.08% 17.28% 17.44% 18.01% 18.37% 18.41% 16.56% 17.30%
Off-budgeta 4.44% 4.28% 4.40% 4.46% 4.48% 4.50% 4.51% 4.52% 4.52% 4.52% 4.52% 4.52% 4.47% 4.50%
Outlays
Mandatory 13.13% 13.08% 15.24% 14.89% 15.23% 15.52% 15.56% 15.45% 15.89% 16.20% 16.44% 16.96% 15.30% 15.80%
Discretionary 6.26% 6.46% 5.90% 5.83% 5.83% 5.90% 5.89% 5.86% 5.85% 5.80% 5.75% 5.70% 5.87% 5.83%
Net interest 1.37% 1.58% 1.84% 2.11% 2.31% 2.43% 2.49% 2.47% 2.43% 2.41% 2.40% 2.39% 2.25% 2.34%
Total 20.76% 21.11% 22.97% 22.83% 23.37% 23.85% 23.94% 23.78% 24.17% 24.42% 24.59% 25.05% 23.41% 23.97%
On-budget 16.58% 16.87% 18.65% 18.38% 18.78% 19.12% 19.08% 18.80% 19.06% 19.20% 19.24% 19.57% 18.81% 19.02%
Off-budgeta 4.18% 4.25% 4.33% 4.45% 4.58% 4.73% 4.86% 4.99% 5.11% 5.22% 5.35% 5.49% 4.60% 4.95%
Deficit (-) or surplus -3.47% -4.51% -3.16% -1.72% -2.22% -2.51% -2.35% -1.99% -2.21% -1.89% -1.70% -2.13% -2.38% -2.16%
On-budget -3.73% -4.54% -3.23% -1.74% -2.12% -2.29% -1.99% -1.52% -1.62% -1.19% -0.87% -1.16% -2.26% -1.71%
Off-budgeta 0.26% 0.03% 0.07% 0.02% -0.10% -0.22% -0.35% -0.47% -0.59% -0.70% -0.83% -0.96% -0.13% -0.45%
Debt held by the public 76.47% 78.54% 78.30% 77.10% 76.70% 76.67% 76.38% 75.70% 75.23% 74.56% 73.68% 73.22% 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.

View the underlying data on epi.org.