CPC FY2016 budget versus current law (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 | 0 | -0.17% | 0.49% | 1.19% | 1.26% | 1.26% | 1.29% | 1.33% | 1.37% | 1.40% | 1.44% | 1.44% | 1.11% | 1.27% |
Payroll taxes | 0 | 0.00% | 0.03% | 0.12% | 0.12% | 0.13% | 0.13% | 0.14% | 0.17% | 0.17% | 0.19% | 0.19% | 0.11% | 0.14% |
Corporate income taxes | 0 | 0.00% | 0.25% | 0.41% | 0.36% | 0.32% | 0.30% | 0.27% | 0.25% | 0.23% | 0.21% | 0.20% | 0.33% | 0.27% |
Other | 0 | 0.00% | 1.03% | 1.38% | 1.37% | 1.36% | 1.36% | 1.36% | 1.35% | 1.34% | 1.34% | 1.33% | 1.31% | 1.33% |
Total | 0 | -0.17% | 1.81% | 3.10% | 3.11% | 3.07% | 3.08% | 3.10% | 3.14% | 3.14% | 3.17% | 3.16% | 2.85% | 3.01% |
On-budget | 0 | -0.17% | 1.78% | 2.99% | 2.99% | 2.94% | 2.95% | 2.96% | 2.97% | 2.97% | 2.99% | 2.98% | 2.75% | 2.87% |
Off-budget | 0 | 0.00% | 0.03% | 0.12% | 0.12% | 0.13% | 0.13% | 0.14% | 0.17% | 0.17% | 0.19% | 0.19% | 0.11% | 0.14% |
Outlays | ||||||||||||||
Mandatory | 0 | 2.26% | 2.75% | 1.70% | 1.36% | 1.32% | 1.27% | 1.22% | 1.23% | 1.25% | 1.25% | 1.15% | 1.65% | 1.41% |
Discretionary | 0 | -0.10% | 0.05% | 0.34% | 0.37% | 0.29% | 0.25% | 0.23% | 0.22% | 0.22% | 0.23% | 0.24% | 0.26% | 0.24% |
Net interest | 0 | 0.01% | 0.04% | 0.04% | 0.02% | -0.03% | -0.09% | -0.15% | -0.21% | -0.27% | -0.33% | -0.38% | -0.01% | -0.15% |
Total | 0 | 2.17% | 2.84% | 2.08% | 1.75% | 1.57% | 1.43% | 1.31% | 1.24% | 1.19% | 1.14% | 1.01% | 1.91% | 1.50% |
On-budget | 0 | 2.17% | 2.84% | 2.08% | 1.75% | 1.57% | 1.43% | 1.31% | 1.24% | 1.19% | 1.14% | 1.01% | 1.91% | 1.50% |
Off-budget | 0 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Deficit (-) or surplus | 0 | -2.33% | -1.03% | 1.02% | 1.36% | 1.49% | 1.64% | 1.79% | 1.90% | 1.95% | 2.03% | 2.16% | 0.95% | 1.51% |
On-budget | 0 | -2.34% | -1.06% | 0.90% | 1.24% | 1.37% | 1.51% | 1.65% | 1.73% | 1.78% | 1.84% | 1.97% | 0.84% | 1.37% |
Off-budget | 0 | 0.00% | 0.03% | 0.12% | 0.12% | 0.13% | 0.13% | 0.14% | 0.17% | 0.17% | 0.19% | 0.19% | 0.11% | 0.14% |
Debt held by the public | 0 | 2.33% | 3.23% | 2.01% | 0.50% | -1.07% | -2.73% | -4.46% | -6.23% | -7.98% | -9.74% | -11.56% | n.a. | n.a. |
Memorandum | ||||||||||||||
CPC | 74.08% | 76.52% | 77.06% | 75.34% | 73.53% | 72.27% | 71.06% | 69.85% | 69.03% | 68.07% | 66.90% | 66.04% | n.a. | n.a. |
Current law | 74.08% | 74.19% | 73.79% | 73.23% | 72.88% | 73.14% | 73.53% | 74.02% | 74.93% | 75.68% | 76.23% | 77.15% | n.a. | n.a. |