REVENUES, OUTLAYS, AND DEFICITS (-) OR SURPLUSES
(in Billions of Dollars) Total, Total,
Actual 2008- 2008-
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2012 2017
----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ------ ------
Revenues 2407 2577 2771 2855 2950 3225 3477 3619 3798 3981 4173 4378 15278 35228
Outlays 2655 2735 2925 3071 3205 3359 3415 3583 3733 3896 4115 4268 15974 35571
----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ------ ------
Deficit(-) -248 -158 -155 -215 -255 -134 62 36 65 85 58 109 -696 -343
On-budget -434 -339 -353 -429 -484 -379 -193 -226 -202 -184 -211 -157 -1839 -2819
Off-budget 186 181 198 214 229 245 255 262 267 269 269 266 1142 2476
Change in Gross Federal Debt
-546 -448 -465 -541 -596 -481 -319 -344 -324 -308 -319 -273 -2402 -3972
Extend Expiring Tax Provisions
0 0 -15 -23 -36 -195 -312 -358 -389 -423 -460 -499 -582 -2711
Reform the Alternative Minimum Tax
0 0 -71 -65 -79 -72 -53 -63 -75 -88 -104 -121 -340 -791
DEFICITS UNDER SELECTED POLICY ALTERNATIVES
(in Billions of Dollars) Total, Total,
Actual 2008- 2008-
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2012 2017
----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ------ ------
Baseline Deficit(-) or Surplus
-248 -158 -155 -215 -255 -134 62 36 65 85 58 109 -696 -343
plus Extend Expiring Tax Provisions
-248 -158 -170 -238 -291 -329 -249 -322 -325 -338 -401 -390 -1279 -3054
plus Reform the Alternative Minimum Tax
-248 -158 -241 -303 -370 -402 -302 -385 -400 -426 -505 -511 -1618 -3845
minus Off-budget surplus
-434 -339 -440 -517 -599 -647 -558 -647 -667 -695 -774 -777 -2761 -6321
minus all trust fund surpluses
-546 -448 -551 -628 -712 -749 -684 -765 -789 -819 -883 -894 -3324 -7474
-------------------------------------------------------------------------------------
DEBTS UNDER SELECTED POLICY ALTERNATIVES
(in Billions of Dollars)
Actual
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Debt Held By the Public
4829 4993 5163 5392 5661 5807 5756 5730 5674 5595 5543 5439
Gross Federal Debt
8451 8899 9364 9905 10501 10982 11301 11645 11970 12278 12597 12870
plus Extend Expiring Tax Provisions
8451 8899 9534 10313 11201 12012 12580 13246 13895 14541 15262 15925
plus Reform the Alternative Minimum Tax
8451 8899 9605 10448 11415 12298 12919 13648 14372 15106 15931 16715
Gross Domestic Product
13065 13721 14401 15120 15881 16640 17399 18190 19005 19842 20704 21599
DEBTS UNDER SELECTED POLICY ALTERNATIVES
(as Percentage of GDP)
Actual
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Debt Held By the Public
37.0 36.4 35.9 35.7 35.6 34.9 33.1 31.5 29.9 28.2 26.8 25.2
Gross Federal Debt
64.7 64.9 65.0 65.5 66.1 66.0 65.0 64.0 63.0 61.9 60.8 59.6
plus Extend Expiring Tax Provisions
64.7 64.9 66.2 68.2 70.5 72.2 72.3 72.8 73.1 73.3 73.7 73.7
plus Reform the Alternative Minimum Tax
64.7 64.9 66.7 69.1 71.9 73.9 74.3 75.0 75.6 76.1 76.9 77.4
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Source: The Budget and Economic Outlook: An Update, August 2007, Congressional Budget Office,
PDF: http://www.cbo.gov/ftpdocs/85xx/doc8565/08-23-Update07.pdf
data: http://www.cbo.gov/ftpdocs/85xx/doc8565/CurrentBudgetProjections.xls
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