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CBO’s Baseline Budget Projections
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Total, |
Total, |
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Actual |
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2009- |
2009- |
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2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2013 |
2018 |
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In Billions of Dollars |
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Revenues |
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Individual income taxes |
1,163 |
1,211 |
1,340 |
1,399 |
1,611 |
1,753 |
1,863 |
1,962 |
2,070 |
2,184 |
2,307 |
2,438 |
7,966 |
18,928 |
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Corporate income taxes |
370 |
364 |
356 |
334 |
333 |
357 |
327 |
342 |
350 |
361 |
374 |
388 |
1,707 |
3,522 |
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Social insurance taxes |
870 |
910 |
947 |
997 |
1,049 |
1,101 |
1,149 |
1,199 |
1,249 |
1,301 |
1,355 |
1,411 |
5,244 |
11,758 |
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Other |
164 |
169 |
174 |
177 |
188 |
231 |
245 |
260 |
272 |
285 |
298 |
311 |
1,016 |
2,441 |
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Total |
2,568 |
2,654 |
2,817 |
2,907 |
3,182 |
3,442 |
3,585 |
3,763 |
3,941 |
4,131 |
4,334 |
4,548 |
15,933 |
36,649 |
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On-budget |
1,933 |
1,990 |
2,123 |
2,177 |
2,414 |
2,636 |
2,743 |
2,883 |
3,024 |
3,175 |
3,337 |
3,509 |
12,093 |
28,020 |
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Off-budget |
635 |
665 |
694 |
730 |
768 |
806 |
842 |
880 |
918 |
957 |
997 |
1,039 |
3,839 |
8,629 |
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Outlays |
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Mandatory spending |
1,450 |
1,550 |
1,654 |
1,737 |
1,846 |
1,884 |
2,022 |
2,138 |
2,270 |
2,451 |
2,578 |
2,706 |
9,142 |
21,285 |
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Discretionary spending |
1,042 |
1,089 |
1,121 |
1,145 |
1,170 |
1,186 |
1,216 |
1,243 |
1,272 |
1,307 |
1,335 |
1,360 |
5,838 |
12,356 |
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Net interest |
238 |
234 |
241 |
266 |
283 |
286 |
285 |
285 |
282 |
278 |
271 |
259 |
1,360 |
2,735 |
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Total |
2,731 |
2,873 |
3,015 |
3,148 |
3,299 |
3,355 |
3,524 |
3,666 |
3,824 |
4,037 |
4,183 |
4,325 |
16,341 |
36,376 |
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On-budget |
2,277 |
2,404 |
2,519 |
2,628 |
2,757 |
2,788 |
2,926 |
3,037 |
3,160 |
3,334 |
3,439 |
3,536 |
13,618 |
30,124 |
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Off-budget |
454 |
469 |
496 |
520 |
541 |
568 |
597 |
629 |
664 |
702 |
744 |
789 |
2,723 |
6,251 |
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Deficit (-) or Surplus |
-163 |
-219 |
-198 |
-241 |
-117 |
87 |
61 |
96 |
117 |
95 |
151 |
223 |
-408 |
274 |
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On-budget |
-344 |
-414 |
-396 |
-450 |
-343 |
-151 |
-184 |
-154 |
-136 |
-160 |
-102 |
-27 |
-1,525 |
-2,104 |
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Off-budget |
181 |
195 |
198 |
210 |
226 |
238 |
244 |
251 |
254 |
254 |
253 |
249 |
1,117 |
2,378 |
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Debt Held by the Public |
5,035 |
5,232 |
5,443 |
5,698 |
5,827 |
5,751 |
5,701 |
5,613 |
5,503 |
5,414 |
5,269 |
5,050 |
n.a. |
n.a. |
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Memorandum: |
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Gross Domestic Product |
13,670 |
14,201 |
14,812 |
15,600 |
16,445 |
17,256 |
18,043 |
18,856 |
19,685 |
20,540 |
21,426 |
22,355 |
82,156 |
185,018 |
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As a Percentage of Gross Domestic Product |
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Revenues |
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Individual income taxes |
8.5 |
8.5 |
9.0 |
9.0 |
9.8 |
10.2 |
10.3 |
10.4 |
10.5 |
10.6 |
10.8 |
10.9 |
9.7 |
10.2 |
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Corporate income taxes |
2.7 |
2.6 |
2.4 |
2.1 |
2.0 |
2.1 |
1.8 |
1.8 |
1.8 |
1.8 |
1.7 |
1.7 |
2.1 |
1.9 |
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Social insurance taxes |
6.4 |
6.4 |
6.4 |
6.4 |
6.4 |
6.4 |
6.4 |
6.4 |
6.3 |
6.3 |
6.3 |
6.3 |
6.4 |
6.4 |
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Other |
1.2 |
1.2 |
1.2 |
1.1 |
1.1 |
1.3 |
1.4 |
1.4 |
1.4 |
1.4 |
1.4 |
1.4 |
1.2 |
1.3 |
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Total |
18.8 |
18.7 |
19.0 |
18.6 |
19.3 |
19.9 |
19.9 |
20.0 |
20.0 |
20.1 |
20.2 |
20.3 |
19.4 |
19.8 |
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On-budget |
14.1 |
14.0 |
14.3 |
14.0 |
14.7 |
15.3 |
15.2 |
15.3 |
15.4 |
15.5 |
15.6 |
15.7 |
14.7 |
15.1 |
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Off-budget |
4.6 |
4.7 |
4.7 |
4.7 |
4.7 |
4.7 |
4.7 |
4.7 |
4.7 |
4.7 |
4.7 |
4.6 |
4.7 |
4.7 |
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Outlays |
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Mandatory spending |
10.6 |
10.9 |
11.2 |
11.1 |
11.2 |
10.9 |
11.2 |
11.3 |
11.5 |
11.9 |
12.0 |
12.1 |
11.1 |
11.5 |
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Discretionary spending |
7.6 |
7.7 |
7.6 |
7.3 |
7.1 |
6.9 |
6.7 |
6.6 |
6.5 |
6.4 |
6.2 |
6.1 |
7.1 |
6.7 |
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Net interest |
1.7 |
1.6 |
1.6 |
1.7 |
1.7 |
1.7 |
1.6 |
1.5 |
1.4 |
1.4 |
1.3 |
1.2 |
1.7 |
1.5 |
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Total |
20.0 |
20.2 |
20.4 |
20.2 |
20.1 |
19.4 |
19.5 |
19.4 |
19.4 |
19.7 |
19.5 |
19.3 |
19.9 |
19.7 |
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On-budget |
16.7 |
16.9 |
17.0 |
16.8 |
16.8 |
16.2 |
16.2 |
16.1 |
16.1 |
16.2 |
16.1 |
15.8 |
16.6 |
16.3 |
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Off-budget |
3.3 |
3.3 |
3.3 |
3.3 |
3.3 |
3.3 |
3.3 |
3.3 |
3.4 |
3.4 |
3.5 |
3.5 |
3.3 |
3.4 |
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Deficit (-) or Surplus |
-1.2 |
-1.5 |
-1.3 |
-1.5 |
-0.7 |
0.5 |
0.3 |
0.5 |
0.6 |
0.5 |
0.7 |
1.0 |
-0.5 |
0.1 |
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On-budget |
-2.5 |
-2.9 |
-2.7 |
-2.9 |
-2.1 |
-0.9 |
-1.0 |
-0.8 |
-0.7 |
-0.8 |
-0.5 |
-0.1 |
-1.9 |
-1.1 |
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Off-budget |
1.3 |
1.4 |
1.3 |
1.3 |
1.4 |
1.4 |
1.4 |
1.3 |
1.3 |
1.2 |
1.2 |
1.1 |
1.4 |
1.3 |
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