CPC FY2019 budget vs. current law (billions of dollars)
Total | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Actual, 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2019–2023 | 2019–2028 | |
Revenues | ||||||||||||||
Individual income taxes | 0 | 0 | 261 | 362 | 375 | 389 | 404 | 420 | 436 | 453 | 470 | 489 | 1,791 | 4,059 |
Payroll taxes | 0 | 0 | 31 | 42 | 44 | 46 | 47 | 50 | 52 | 53 | 56 | 57 | 211 | 479 |
Corporate income taxes | 0 | 0 | 143 | 199 | 207 | 215 | 223 | 232 | 241 | 250 | 259 | 270 | 987 | 2,239 |
Other | 0 | 0 | 264 | 367 | 381 | 395 | 411 | 427 | 443 | 460 | 478 | 497 | 1,818 | 4,123 |
Total | 0 | 0 | 699 | 971 | 1,008 | 1,045 | 1,085 | 1,127 | 1,172 | 1,217 | 1,264 | 1,313 | 4,807 | 10,900 |
On-budget | 0 | 0 | 668 | 928 | 964 | 999 | 1,038 | 1,078 | 1,120 | 1,163 | 1,208 | 1,256 | 4,597 | 10,421 |
Off-budgeta | 0 | 0 | 31 | 42 | 44 | 46 | 47 | 50 | 52 | 53 | 55 | 57 | 211 | 479 |
Outlays | ||||||||||||||
Mandatory | 0 | 86 | 505 | 420 | 451 | 414 | 437 | 438 | 465 | 492 | 530 | 536 | 2,226 | 4,687 |
Discretionary | 0 | 25 | -111 | -54 | -12 | 17 | 41 | 60 | 70 | 75 | 81 | 86 | -119 | 253 |
Net interest | 0 | 1 | -1 | -18 | -42 | -66 | -88 | -107 | -127 | -150 | -175 | -202 | -215 | -975 |
Total | 0 | 113 | 393 | 347 | 397 | 365 | 390 | 391 | 408 | 418 | 436 | 420 | 1,892 | 3,965 |
On-budget | 0 | 113 | 392 | 347 | 396 | 365 | 389 | 390 | 406 | 415 | 433 | 416 | 1,890 | 3,950 |
Off-budgeta | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 3 | 4 | 2 | 15 |
Deficit (-) or surplus | 0 | -113 | 306 | 624 | 611 | 680 | 695 | 736 | 764 | 799 | 827 | 893 | 2,915 | 6,935 |
On-budget | 0 | -113 | 275 | 581 | 567 | 634 | 648 | 688 | 714 | 748 | 775 | 840 | 2,707 | 6,471 |
Off-budgeta | 0 | 0 | 30 | 42 | 44 | 45 | 47 | 48 | 50 | 51 | 52 | 53 | 209 | 464 |
Debt held by the public | 0 | 113 | -193 | -816 | -1,427 | -2,107 | -2,802 | -3,538 | -4,303 | -5,101 | -5,929 | -6,822 | 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.