CPC FY2016 budget versus current law (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 | 0 | -30 | 93 | 235 | 259 | 269 | 288 | 310 | 333 | 354 | 380 | 396 | 1,144 | 2,917 |
Payroll taxes | 0 | 1 | 5 | 23 | 25 | 27 | 29 | 33 | 40 | 44 | 49 | 51 | 110 | 326 |
Corporate income taxes | 0 | 0 | 48 | 81 | 74 | 69 | 66 | 63 | 60 | 57 | 55 | 56 | 338 | 630 |
Other | 0 | 0 | 195 | 272 | 281 | 291 | 304 | 316 | 327 | 340 | 353 | 365 | 1,343 | 3,043 |
Total | 0 | -30 | 340 | 611 | 640 | 656 | 687 | 722 | 761 | 795 | 836 | 869 | 2,934 | 6,917 |
On-budget | 0 | -30 | 335 | 588 | 614 | 629 | 657 | 689 | 721 | 751 | 787 | 817 | 2,824 | 6,590 |
Off-budget | 0 | 1 | 5 | 23 | 25 | 27 | 29 | 33 | 40 | 44 | 49 | 51 | 110 | 326 |
Outlays | ||||||||||||||
Mandatory | 0 | 407 | 518 | 335 | 280 | 282 | 283 | 284 | 297 | 315 | 329 | 316 | 1,698 | 3,238 |
Discretionary | 0 | -17 | 9 | 66 | 76 | 62 | 56 | 55 | 53 | 55 | 61 | 66 | 268 | 558 |
Net interest | 0 | 1 | 8 | 9 | 4 | -7 | -19 | -34 | -50 | -68 | -88 | -106 | -6 | -351 |
Total | 0 | 391 | 535 | 410 | 359 | 337 | 320 | 305 | 300 | 302 | 302 | 276 | 1,961 | 3,445 |
On-budget | 0 | 391 | 535 | 410 | 359 | 336 | 319 | 304 | 300 | 301 | 300 | 275 | 1,960 | 3,440 |
Off-budget | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 5 |
Deficit (-) or surplus | 0 | -421 | -195 | 201 | 281 | 320 | 367 | 417 | 461 | 493 | 535 | 593 | 973 | 3,472 |
On-budget | 0 | -421 | -200 | 178 | 255 | 293 | 338 | 385 | 420 | 449 | 486 | 541 | 864 | 3,145 |
Off-budget | 0 | 1 | 5 | 23 | 25 | 27 | 29 | 33 | 40 | 44 | 49 | 51 | 110 | 326 |
Debt held by the public | 0 | 421 | 609 | 397 | 103 | -229 | -608 | -1,038 | -1,511 | -2,017 | -2,566 | -3,174 | n.a. | n.a. |