Spending 12

Projected noninterest spending vs projected revenues, as a percentage of GDP, FY2018—FY2048

Year Total noninterest spending Total Revenues
2018 19.0% 16.6%
2019 19.3% 16.5%
2020 19.1% 16.7%
2021 19.1% 16.7%
2022 19.6% 16.9%
2023 19.5% 17.2%
2024 19.4% 17.4%
2025 19.7% 17.5%
2026 20.0% 18.1%
2027 20.1% 18.5%
2028 20.6% 18.5%
2029 20.4% 18.6%
2030 20.7% 18.6%
2031 20.8% 18.6%
2032 21.0% 18.7%
2033 21.2% 18.8%
2034 21.4% 18.8%
2035 21.5% 18.9%
2036 21.7% 19.0%
2037 21.9% 19.1%
2038 22.0% 19.1%
2039 22.2% 19.2%
2040 22.3% 19.3%
2041 22.4% 19.3%
2042 22.5% 19.4%
2043 22.6% 19.5%
2044 22.7% 19.5%
2045 22.8% 19.6%
2046 22.9% 19.7%
2047 23.0% 19.8%
2048 23.1% 19.8%
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Notes: All values are as percentage of GDP.

Source: Supplement information available in CBO’s June 2018 report The 2018 Long-Term Budget Outlook.

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