CPC FY2016 budget totals (in billions of dollars)
Total | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2014 (actual) | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2016–2020 | 2016–2025 | |
Revenues | ||||||||||||||
Individual income taxes | 1,395 | 1,475 | 1,745 | 1,992 | 2,102 | 2,198 | 2,315 | 2,443 | 2,577 | 2,716 | 2,865 | 3,011 | 10,351 | 23,963 |
Payroll taxes | 1,023 | 1,057 | 1,102 | 1,161 | 1,207 | 1,257 | 1,313 | 1,372 | 1,434 | 1,495 | 1,559 | 1,625 | 6,039 | 13,523 |
Corporate income taxes | 321 | 327 | 477 | 517 | 528 | 519 | 512 | 514 | 519 | 529 | 543 | 562 | 2,553 | 5,221 |
Other | 283 | 302 | 487 | 542 | 532 | 557 | 581 | 604 | 626 | 651 | 676 | 701 | 2,700 | 5,956 |
Total | 3,021 | 3,162 | 3,810 | 4,213 | 4,368 | 4,531 | 4,721 | 4,933 | 5,156 | 5,390 | 5,642 | 5,899 | 21,643 | 48,663 |
On-budget | 2,286 | 2,398 | 3,012 | 3,364 | 3,484 | 3,611 | 3,764 | 3,937 | 4,113 | 4,305 | 4,511 | 4,723 | 17,235 | 38,825 |
Off-budget | 736 | 764 | 799 | 849 | 884 | 919 | 957 | 997 | 1,042 | 1,085 | 1,131 | 1,175 | 4,408 | 9,839 |
Outlays | ||||||||||||||
Mandatory | 2,099 | 2,680 | 2,988 | 2,876 | 2,897 | 3,069 | 3,228 | 3,391 | 3,635 | 3,778 | 3,914 | 4,176 | 15,059 | 33,952 |
Discretionary | 1,179 | 1,157 | 1,187 | 1,251 | 1,270 | 1,284 | 1,304 | 1,331 | 1,364 | 1,391 | 1,422 | 1,466 | 6,296 | 13,270 |
Net interest | 229 | 230 | 284 | 340 | 409 | 466 | 517 | 556 | 597 | 637 | 671 | 702 | 2,016 | 5,179 |
Total | 3,506 | 4,068 | 4,460 | 4,467 | 4,576 | 4,818 | 5,050 | 5,278 | 5,596 | 5,805 | 6,007 | 6,345 | 23,371 | 52,401 |
On-budget | 2,800 | 3,327 | 3,678 | 3,637 | 3,691 | 3,873 | 4,040 | 4,200 | 4,444 | 4,574 | 4,692 | 4,941 | 18,919 | 41,770 |
Off-budget | 706 | 741 | 782 | 829 | 886 | 945 | 1,010 | 1,079 | 1,152 | 1,231 | 1,315 | 1,403 | 4,451 | 10,631 |
Deficit (-) or surplus | -485 | -906 | -650 | -254 | -208 | -287 | -329 | -345 | -440 | -415 | -365 | -446 | -1,728 | -3,738 |
On-budget | -514 | -929 | -666 | -274 | -207 | -262 | -276 | -263 | -330 | -269 | -181 | -218 | -1,684 | -2,945 |
Off-budget | 30 | 23 | 17 | 20 | -2 | -25 | -53 | -82 | -110 | -146 | -184 | -228 | -43 | -792 |
Debt held by the public | 12,780 | 13,786 | 14,506 | 14,825 | 15,085 | 15,425 | 15,800 | 16,188 | 16,668 | 17,121 | 17,523 | 18,008 | n.a. | n.a. |
Memorandum | ||||||||||||||
Gross domestic product | 17,251 | 18,016 | 18,832 | 19,701 | 20,558 | 21,404 | 22,315 | 23,271 | 24,261 | 25,287 | 26,352 | 27,456 | 102,810 | 229,438 |