Table 2
"Budget for shared prosperity" vs baseline (as a percentage of GDP)
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | 2036 | 2037 | 2038 | 2039 | 2040 | 2041 | 2042 | 2043 | 2044 | 2045 | 2046 | 2047 | 2048 | 2049 | 2020-2049 | 2020-2029 | 2030-2049 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||||||||||||||||||||||||||||
| Total | -0.4% | 10.0% | 14.6% | 15.1% | 15.4% | 15.7% | 15.8% | 15.1% | 14.8% | 14.9% | 15.0% | 15.0% | 15.0% | 15.0% | 15.1% | 15.1% | 15.1% | 15.1% | 15.2% | 15.2% | 15.2% | 15.3% | 15.3% | 15.3% | 15.2% | 15.2% | 15.2% | 15.2% | 15.3% | 15.3% | 15.3% | 15.1% | 14.7% | 15.2% |
| Outlays | ||||||||||||||||||||||||||||||||||
| Social Security | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.4% | 0.4% | 0.2% | 0.1% | 0.3% |
| Healthcare | 0.0% | 4.5% | 6.1% | 5.9% | 6.1% | 6.3% | 6.1% | 6.2% | 6.2% | 5.9% | 6.0% | 6.1% | 6.1% | 6.2% | 6.2% | 6.3% | 6.4% | 6.4% | 6.5% | 6.5% | 6.5% | 6.6% | 6.6% | 6.7% | 6.7% | 6.7% | 6.8% | 6.8% | 6.8% | 6.9% | 6.9% | 6.5% | 6.0% | 6.6% |
| Discretionary | 0.0% | -0.2% | 0.0% | 0.1% | 0.3% | 0.5% | 0.5% | 0.5% | 0.5% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.5% | 0.4% | 0.6% |
| Other mandatory | 0.0% | 2.8% | 4.8% | 5.5% | 5.1% | 4.9% | 4.7% | 4.6% | 4.5% | 4.4% | 4.3% | 4.3% | 4.2% | 4.1% | 4.0% | 4.0% | 3.9% | 3.8% | 3.8% | 3.7% | 3.7% | 3.6% | 3.6% | 3.5% | 3.5% | 3.4% | 3.4% | 3.3% | 3.3% | 3.3% | 3.2% | 3.8% | 4.6% | 3.6% |
| Net interest | 0.0% | 0.0% | -0.1% | -0.3% | -0.4% | -0.5% | -0.6% | -0.7% | -0.9% | -1.0% | -1.1% | -1.2% | -1.3% | -1.5% | -1.6% | -1.7% | -1.8% | -1.9% | -2.0% | -2.2% | -2.3% | -2.4% | -2.5% | -2.6% | -2.8% | -2.9% | -3.0% | -3.1% | -3.2% | -3.3% | -3.4% | -2.1% | -0.6% | -2.5% |
| Total | 0.0% | 7.2% | 10.8% | 11.3% | 11.1% | 11.2% | 10.7% | 10.6% | 10.4% | 10.1% | 10.0% | 9.8% | 9.7% | 9.6% | 9.5% | 9.3% | 9.2% | 9.1% | 9.0% | 8.9% | 8.8% | 8.7% | 8.5% | 8.4% | 8.3% | 8.2% | 8.1% | 8.0% | 7.9% | 7.7% | 7.6% | 8.9% | 10.4% | 8.6% |
| Deficit (-) or surplus | -0.4% | 2.8% | 3.8% | 3.8% | 4.3% | 4.4% | 5.1% | 4.5% | 4.4% | 4.8% | 5.1% | 5.2% | 5.3% | 5.4% | 5.6% | 5.7% | 5.9% | 6.0% | 6.2% | 6.3% | 6.5% | 6.6% | 6.7% | 6.8% | 6.9% | 7.0% | 7.2% | 7.3% | 7.4% | 7.5% | 7.7% | 6.1% | 4.4% | 6.6% |
| Debt held by the public | 0.4% | -2.5% | -6.1% | -9.7% | -13.7% | -17.6% | -22.0% | -25.7% | -29.2% | -32.9% | -36.7% | -40.5% | -44.2% | -47.9% | -51.7% | -55.4% | -59.1% | -62.8% | -66.6% | -70.3% | -74.0% | -77.8% | -81.5% | -85.1% | -88.8% | -92.4% | -95.9% | -99.5% | -103.0% | -106.6% | -110.2% | n.a. | n.a. | n.a. |
| Memorandum | ||||||||||||||||||||||||||||||||||
| GDP | 21,141 | 22,059 | 22,899 | 23,756 | 24,660 | 25,621 | 26,629 | 27,640 | 28,709 | 29,837 | 31,039 | 32,290 | 33,591 | 34,945 | 36,353 | 37,818 | 39,342 | 40,928 | 42,577 | 44,293 | 46,078 | 47,935 | 49,867 | 51,876 | 53,967 | 56,142 | 58,404 | 60,758 | 63,207 | 65,754 | 68,404 | 1,227,378 | 262,849 | 964,529 |
Note: Proposals were scores against the January 2019 CBO baseline, extended through fiscal year 2049 using CBO's Long-Term Outlook and extrapolating for 2049. Numbers may not add due to rounding.
Source: EPI (spending proposals) and TPC (revenue proposals)
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