BUDGET
budget
budget
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124 SUMMARY TABLES<br />
Table S–6. Proposed Budget by Category as a Percent of GDP<br />
(As a percent of GDP)<br />
Averages<br />
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026<br />
2017–<br />
2021<br />
2017–<br />
2026<br />
Outlays:<br />
Appropriated (“discretionary”) programs:<br />
Defense ....................................................................................... 3.3 3.2 3.1 2.9 2.8 2.7 2.6 2.5 2.5 2.4 2.4 2.3 2.8 2.6<br />
Non-defense ................................................................................ 3.3 3.4 3.2 3.1 3.0 2.9 2.8 2.7 2.6 2.6 2.5 2.5 3.0 2.8<br />
Subtotal, appropriated programs .......................................... 6.5 6.6 6.4 6.1 5.8 5.6 5.5 5.2 5.1 5.0 4.9 4.8 5.9 5.4<br />
Mandatory programs:<br />
Social Security ............................................................................ 5.0 5.0 5.0 5.1 5.2 5.3 5.3 5.4 5.5 5.6 5.7 5.7 5.2 5.4<br />
Medicare ..................................................................................... 3.0 3.2 3.1 3.0 3.1 3.2 3.3 3.5 3.4 3.3 3.6 3.6 3.1 3.3<br />
Medicaid ..................................................................................... 2.0 2.0 2.0 2.0 2.0 2.1 2.1 2.1 2.1 2.2 2.2 2.2 2.0 2.1<br />
Other mandatory programs ....................................................... 3.0 3.3 3.4 3.5 3.6 3.6 3.6 3.7 3.6 3.4 3.4 3.5 3.5 3.5<br />
Allowance for immigration reform ............................................ ......... ......... * * 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1<br />
Subtotal, mandatory programs ............................................. 12.9 13.5 13.5 13.6 14.0 14.2 14.4 14.8 14.8 14.7 15.0 15.3 13.9 14.4<br />
Net interest .................................................................................... 1.3 1.3 1.6 1.9 2.2 2.4 2.5 2.6 2.7 2.7 2.7 2.8 2.1 2.4<br />
Adjustments for disaster costs 1 ..................................................... ......... * * * * * * * * * * * * *<br />
Total outlays ............................................................................... 20.7 21.4 21.5 21.6 22.1 22.3 22.4 22.7 22.6 22.4 22.7 22.8 22.0 22.3<br />
Receipts:<br />
Individual income taxes ................................................................. 8.7 8.8 9.3 9.4 9.4 9.6 9.7 9.8 9.9 9.9 10.0 10.1 9.5 9.7<br />
Corporation income taxes .............................................................. 1.9 1.6 2.2 2.4 2.5 2.6 2.5 2.3 2.2 2.1 2.1 2.0 2.5 2.3<br />
Social insurance and retirement receipts:<br />
Social Security payroll taxes .................................................... 4.3 4.3 4.3 4.3 4.3 4.3 4.3 4.3 4.3 4.3 4.3 4.4 4.3 4.3<br />
Medicare payroll taxes .............................................................. 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.4 1.3 1.3<br />
Unemployment insurance .......................................................... 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.2<br />
Other retirement ........................................................................ 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1<br />
Excise taxes .................................................................................... 0.6 0.5 0.6 0.7 0.7 0.8 0.8 0.8 0.8 0.8 0.7 0.7 0.7 0.7<br />
Estate and gift taxes ...................................................................... 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2<br />
Customs duties ............................................................................... 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2<br />
Deposits of earnings, Federal Reserve System ............................. 0.5 0.6 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.2 0.2<br />
Other miscellaneous receipts ........................................................ 0.3 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3<br />
Allowance for immigration reform ................................................ ......... ......... * * 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.1 0.2<br />
Total receipts .............................................................................. 18.3 18.1 18.9 19.4 19.5 19.8 20.0 19.9 19.9 19.9 20.0 20.0 19.5 19.7<br />
Deficit ................................................................................................ 2.5 3.3 2.6 2.3 2.6 2.4 2.4 2.8 2.7 2.5 2.7 2.8 2.5 2.6<br />
Net interest .................................................................................... 1.3 1.3 1.6 1.9 2.2 2.4 2.5 2.6 2.7 2.7 2.7 2.8 2.1 2.4<br />
Primary deficit / surplus (–) ..................................................... 1.2 2.0 1.0 0.3 0.4 0.1 –0.1 0.2 * –0.2 –* * 0.4 0.2<br />
On-budget deficit ............................................................................ 2.6 3.4 2.6 2.1 2.4 2.1 2.0 2.3 2.1 1.8 2.0 2.0 2.3 2.1<br />
Off-budget deficit / surplus (–) ....................................................... –0.2 –* * 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.8 0.2 0.4