CPC FY2016 budget totals (as percentage of GDP)
Total | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2014 (actual) | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2016–2020 | 2016–2025 | |
Revenues | ||||||||||||||
Individual income taxes | 8.1% | 8.2% | 9.3% | 10.1% | 10.2% | 10.3% | 10.4% | 10.5% | 10.6% | 10.7% | 10.9% | 11.0% | 10.1% | 10.4% |
Payroll taxes | 5.9% | 5.9% | 5.8% | 5.9% | 5.9% | 5.9% | 5.9% | 5.9% | 5.9% | 5.9% | 5.9% | 5.9% | 5.9% | 5.9% |
Corporate income taxes | 1.9% | 1.8% | 2.5% | 2.6% | 2.6% | 2.4% | 2.3% | 2.2% | 2.1% | 2.1% | 2.1% | 2.0% | 2.5% | 2.3% |
Other | 1.6% | 1.7% | 2.6% | 2.8% | 2.6% | 2.6% | 2.6% | 2.6% | 2.6% | 2.6% | 2.6% | 2.6% | 2.6% | 2.6% |
Total | 17.5% | 17.5% | 20.2% | 21.4% | 21.2% | 21.2% | 21.2% | 21.2% | 21.3% | 21.3% | 21.4% | 21.5% | 21.1% | 21.2% |
On-budget | 13.3% | 13.3% | 16.0% | 17.1% | 16.9% | 16.9% | 16.9% | 16.9% | 17.0% | 17.0% | 17.1% | 17.2% | 16.8% | 16.9% |
Off-budget | 4.3% | 4.2% | 4.2% | 4.3% | 4.3% | 4.3% | 4.3% | 4.3% | 4.3% | 4.3% | 4.3% | 4.3% | 4.3% | 4.3% |
Outlays | ||||||||||||||
Mandatory | 12.2% | 14.9% | 15.9% | 14.6% | 14.1% | 14.3% | 14.5% | 14.6% | 15.0% | 14.9% | 14.9% | 15.2% | 14.6% | 14.8% |
Discretionary | 6.8% | 6.4% | 6.3% | 6.3% | 6.2% | 6.0% | 5.8% | 5.7% | 5.6% | 5.5% | 5.4% | 5.3% | 6.1% | 5.8% |
Net interest | 1.3% | 1.3% | 1.5% | 1.7% | 2.0% | 2.2% | 2.3% | 2.4% | 2.5% | 2.5% | 2.5% | 2.6% | 2.0% | 2.3% |
Total | 20.3% | 22.6% | 23.7% | 22.7% | 22.3% | 22.5% | 22.6% | 22.7% | 23.1% | 23.0% | 22.8% | 23.1% | 22.7% | 22.8% |
On-budget | 16.2% | 18.5% | 19.5% | 18.5% | 18.0% | 18.1% | 18.1% | 18.0% | 18.3% | 18.1% | 17.8% | 18.0% | 18.4% | 18.2% |
Off-budget | 4.1% | 4.1% | 4.2% | 4.2% | 4.3% | 4.4% | 4.5% | 4.6% | 4.7% | 4.9% | 5.0% | 5.1% | 4.3% | 4.6% |
Deficit (-) or surplus | -2.8% | -5.0% | -3.4% | -1.3% | -1.0% | -1.3% | -1.5% | -1.5% | -1.8% | -1.6% | -1.4% | -1.6% | -1.7% | -1.6% |
On-budget | -3.0% | -5.2% | -3.5% | -1.4% | -1.0% | -1.2% | -1.2% | -1.1% | -1.4% | -1.1% | -0.7% | -0.8% | -1.6% | -1.3% |
Off-budget | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% | -0.1% | -0.2% | -0.4% | -0.5% | -0.6% | -0.7% | -0.8% | 0.0% | -0.3% |
Debt held by the public | 74.1% | 76.5% | 77.0% | 75.2% | 73.4% | 72.1% | 70.8% | 69.6% | 68.7% | 67.7% | 66.5% | 65.6% | n.a. | n.a. |