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.