Summary Table 4
CPC FY2019 budget vs. current law (percentage of GDP)
| Total | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Actual, 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2019–2023 | 2019–2028 | |
| Revenues | ||||||||||||||
| Individual income taxes | 0 | 0.00% | 1.23% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.57% | 1.61% |
| Payroll taxes | 0 | 0.00% | 0.14% | 0.19% | 0.19% | 0.19% | 0.19% | 0.20% | 0.20% | 0.19% | 0.19% | 0.19% | 0.18% | 0.19% |
| Corporate income taxes | 0 | 0.00% | 0.68% | 0.90% | 0.91% | 0.91% | 0.90% | 0.91% | 0.91% | 0.90% | 0.90% | 0.91% | 0.86% | 0.89% |
| Other | 0 | 0.00% | 1.25% | 1.67% | 1.67% | 1.67% | 1.67% | 1.67% | 1.67% | 1.67% | 1.67% | 1.67% | 1.59% | 1.63% |
| Total | 0 | 0.00% | 3.30% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.20% | 4.31% |
| On-budget | 0 | 0.00% | 3.16% | 4.21% | 4.21% | 4.21% | 4.21% | 4.21% | 4.21% | 4.21% | 4.21% | 4.21% | 4.02% | 4.12% |
| Off-budgeta | 0 | 0.00% | 0.14% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.20% | 0.19% | 0.19% | 0.19% | 0.18% | 0.19% |
| Outlays | ||||||||||||||
| Mandatory | 0 | 0.43% | 2.39% | 1.90% | 1.97% | 1.75% | 1.78% | 1.71% | 1.75% | 1.78% | 1.85% | 1.80% | 1.95% | 1.86% |
| Discretionary | 0 | 0.13% | -0.52% | -0.25% | -0.05% | 0.07% | 0.17% | 0.23% | 0.26% | 0.27% | 0.28% | 0.29% | -0.10% | 0.10% |
| Net interest | 0 | 0.01% | 0.00% | -0.08% | -0.18% | -0.28% | -0.36% | -0.42% | -0.48% | -0.54% | -0.61% | -0.68% | -0.19% | -0.39% |
| Total | 0 | 0.56% | 1.86% | 1.58% | 1.73% | 1.54% | 1.58% | 1.53% | 1.53% | 1.51% | 1.52% | 1.41% | 1.65% | 1.57% |
| On-budget | 0 | 0.56% | 1.86% | 1.58% | 1.73% | 1.54% | 1.58% | 1.52% | 1.53% | 1.50% | 1.51% | 1.40% | 1.65% | 1.56% |
| Off-budgeta | 0 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.01% |
| Deficit (-) or surplus | 0 | -0.56% | 1.45% | 2.83% | 2.67% | 2.87% | 2.82% | 2.88% | 2.87% | 2.89% | 2.89% | 3.00% | 2.55% | 2.74% |
| On-budget | 0 | -0.56% | 1.30% | 2.64% | 2.48% | 2.67% | 2.63% | 2.69% | 2.68% | 2.71% | 2.70% | 2.82% | 2.37% | 2.56% |
| Off-budgeta | 0 | 0.00% | 0.14% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% | 0.18% | 0.18% | 0.18% | 0.18% | 0.18% |
| Debt held by the public | 0 | 0.56% | -0.91% | -3.71% | -6.24% | -8.89% | -11.38% | -13.83% | -16.18% | -18.48% | -20.67% | -22.89% | n.a. | n.a. |
| Memorandum (debt held by the public as a share of GDP) | ||||||||||||||
| CPC | 76.47% | 78.54% | 78.30% | 77.09% | 76.69% | 76.66% | 76.38% | 75.69% | 75.22% | 74.56% | 73.68% | 73.21% | n.a. | n.a. |
| Current law | 76.47% | 77.98% | 79.21% | 80.80% | 82.94% | 85.55% | 87.76% | 89.53% | 91.41% | 93.04% | 94.35% | 96.11% | n.a. | n.a. |
a. The revenues and outlays of the Social Security trust funds and the net cash flow of the Postal Service are classified as off-budget.
Note: Figures are for fiscal years.
This chart appears in:
Previous chart: « Projected public debt as a share of GDP, FY2017–FY2028
Next chart: Composition of total debt balance, 2003–2018 »