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.
View the underlying data on epi.org.