192x Filetype XLSX File size 0.05 MB Source: www.cbo.gov
Sheet 1: Contents
This file presents data that supplement CBO’s January 2017 report The Budget and Economic Outlook: 2017 to 2027. |
www.cbo.gov/publication/52370 |
Contents |
1. Trust Fund Balances Projected in CBO's Baseline |
2. Trust Fund Deficits or Surpluses Projected in CBO’s Baseline |
3. Balances Projected in CBO’s Baseline for the OASI, DI, and HI Trust Funds |
This file presents data that supplement CBO’s January 2017 report The Budget and Economic Outlook: 2017 to 2027. | |||||||||||||||
www.cbo.gov/publication/52370 | |||||||||||||||
1. Trust Fund Balances Projected in CBO's Baseline | |||||||||||||||
Billions of Dollars | |||||||||||||||
Actual, | |||||||||||||||
2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||||
Social Security | |||||||||||||||
Old-Age and Survivors Insurance | 2,797 | 2,809 | 2,794 | 2,779 | 2,741 | 2,669 | 2,563 | 2,419 | 2,235 | 2,007 | 1,735 | 1,412 | |||
Disability Insurancea | 46 | 66 | 88 | 80 | 59 | 35 | 7 | 0 | 0 | 0 | 0 | 0 | |||
_____ | _____ | _____ | _____ | _____ | _____ | _____ | _____ | _____ | _____ | _____ | _____ | ||||
Subtotal | 2,843 | 2,875 | 2,882 | 2,859 | 2,800 | 2,704 | 2,571 | 2,419 | 2,235 | 2,007 | 1,735 | 1,412 | |||
Civilian Retirementb | 907 | 925 | 941 | 957 | 972 | 985 | 997 | 1,009 | 1,020 | 1,031 | 1,041 | 1,051 | |||
Military Retirement | 591 | 663 | 746 | 828 | 913 | 1,003 | 1,093 | 1,192 | 1,304 | 1,413 | 1,529 | 1,538 | |||
Medicare | |||||||||||||||
Hospital Insurance (Part A)a | 192 | 195 | 205 | 203 | 193 | 173 | 131 | 90 | 49 | 0 | 0 | 0 | |||
Supplementary Medical Insurance (Part B) | 63 | 65 | 72 | 77 | 82 | 94 | 98 | 103 | 116 | 128 | 140 | 153 | |||
___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ||||
Subtotal | 256 | 260 | 277 | 280 | 275 | 267 | 229 | 193 | 165 | 128 | 140 | 153 | |||
Highway and Mass Transita | 65 | 50 | 35 | 19 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
Unemployment Insurance | 54 | 62 | 69 | 73 | 69 | 65 | 63 | 64 | 63 | 64 | 65 | 66 | |||
Airport and Airway | 13 | 15 | 16 | 17 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 25 | |||
Railroad Retirement (Treasury holdings)c | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||
Otherd | 107 | 112 | 114 | 120 | 121 | 123 | 125 | 128 | 131 | 134 | 138 | 142 | |||
_____ | _____ | _____ | _____ | _____ | _____ | _____ | _____ | _____ | _____ | _____ | _____ | ||||
Total Trust Fund Balance | 4,837 | 4,963 | 5,083 | 5,155 | 5,175 | 5,167 | 5,099 | 5,026 | 4,939 | 4,801 | 4,674 | 4,390 | |||
Memorandum: | |||||||||||||||
Railroad Retirement (Non-Treasury holdings)c | 24 | 23 | 21 | 20 | 19 | 18 | 16 | 16 | 15 | 14 | 13 | 12 | |||
Source: Congressional Budget Office. | |||||||||||||||
These balances are for the end of the fiscal year and include securities invested in Treasury holdings. | |||||||||||||||
a. In keeping with the rules in section 257 of the Balanced Budget and Emergency Deficit Control Act of 1985, CBO’s baseline incorporates the assumption that scheduled payments will continue to be made in full after the trust fund has been exhausted, although there is no legal authority to make such payments. Because the manner by which those payments continued would depend on future legislation, CBO shows zero rather than a cumulative negative balance in the trust fund after the exhaustion date. | |||||||||||||||
b. Includes Civil Service Retirement, Foreign Service Retirement, and several smaller retirement trust funds. | |||||||||||||||
c. The Railroad Retirement and Survivors’ Improvement Act of 2001 established the National Railroad Retirement Investment Trust, which is allowed to invest in non-Treasury securities, such as stocks and corporate bonds. | |||||||||||||||
d. Consists primarily of trust funds for federal employees’ health and life insurance, Superfund, and various insurance programs for veterans. | |||||||||||||||
Z:\In Progress\1-Production\01-Studies & Reports\Budget and Economic Outlook\Supplemental Material\Supplemental Data (In Excel)\[TrustFundProjections.xlsx]1. Trust Fund Balances |
This file presents data that supplement CBO’s January 2017 report The Budget and Economic Outlook: 2017 to 2027. | ||||||||||||||||||
www.cbo.gov/publication/52370 | ||||||||||||||||||
2. Trust Fund Deficits or Surpluses Projected in CBO’s Baseline | ||||||||||||||||||
Billions of Dollars | ||||||||||||||||||
Total | ||||||||||||||||||
Actual, | 2018- | 2018- | ||||||||||||||||
2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2022 | 2027 | |||||
Social Security | ||||||||||||||||||
Old-Age and Survivors Insurance | 30 | 12 | -15 | -15 | -39 | -72 | -106 | -144 | -184 | -227 | -272 | -323 | -246 | -1,397 | ||||
Disability Insurancea | 4 | 20 | 22 | -9 | -21 | -24 | -28 | -31 | -34 | -36 | -39 | -43 | -59 | -241 | ||||
___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ____ | ____ | ____ | ____ | ____ | |||||
Subtotal | 34 | 32 | 8 | -23 | -59 | -96 | -133 | -175 | -218 | -263 | -312 | -366 | -304 | -1,638 | ||||
Civilian Retirementb | 156 | 18 | 17 | 16 | 14 | 13 | 12 | 12 | 11 | 11 | 11 | 10 | 72 | 127 | ||||
Military Retirement | 60 | 72 | 83 | 81 | 85 | 90 | 90 | 100 | 111 | 109 | 116 | 9 | 430 | 875 | ||||
Medicare | ||||||||||||||||||
Hospital Insurance (Part A)a | -3 | 2 | 10 | -2 | -10 | -20 | -42 | -41 | -41 | -62 | -83 | -103 | -64 | -392 | ||||
Supplementary Medical | ||||||||||||||||||
Insurance (Part B) | -3 | 2 | 7 | 5 | 5 | 12 | 4 | 4 | 13 | 13 | 12 | 13 | 33 | 88 | ||||
___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ____ | |||||
Subtotal | -6 | 4 | 17 | 3 | -5 | -8 | -38 | -36 | -28 | -49 | -71 | -90 | -31 | -304 | ||||
Highway and Mass Transita | 57 | -15 | -15 | -16 | -16 | -18 | -19 | -20 | -21 | -23 | -24 | -25 | -84 | -196 | ||||
Unemployment Insurance | 9 | 9 | 6 | 4 | -4 | -5 | -2 | 1 | -1 | 1 | 1 | 1 | 0 | 4 | ||||
Airport and Airway | 1 | 1 | 2 | 1 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 11 | ||||
Otherc | 2 | 5 | 2 | 5 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 13 | 29 | ||||
___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ | ____ | ____ | |||||
Total Trust Fund Surplus or Deficit | 314 | 126 | 120 | 72 | 17 | -20 | -86 | -117 | -142 | -209 | -273 | -454 | 102 | -1,093 | ||||
Intragovernmental Transfers to | ||||||||||||||||||
Trust Fundsd | 708 | 826 | 741 | 770 | 816 | 862 | 912 | 955 | 987 | 1,035 | 1,107 | 1,055 | 4,102 | 9,241 | ||||
Net Budgetary Impact of Trust | ||||||||||||||||||
Fund Programs | -394 | -700 | -621 | -699 | -799 | -882 | -999 | -1,071 | -1,129 | -1,244 | -1,380 | -1,510 | -4,000 | -10,334 | ||||
Source: Congressional Budget Office. | ||||||||||||||||||
Negative numbers indicate that the trust fund transactions add to total budget deficits. | ||||||||||||||||||
a. CBO projects that the balance of this trust fund will be exhausted during the 2017–2026 period. However, in keeping with the rules in section 257 of the Balanced Budget and Deficit Control Act of 1985, CBO’s baseline incorporates the assumption that scheduled payments will continue to be made in full after the trust fund has been exhausted, although there is no legal authority to make such payments. The manner by which those payments continued would depend on future legislation. | ||||||||||||||||||
b. Includes Civil Service Retirement, Foreign Service Retirement, and several smaller retirement trust funds. | ||||||||||||||||||
c. Consists primarily of trust funds for railroad workers’ retirement, federal employees’ health and life insurance, Superfund, and various insurance programs for veterans. | ||||||||||||||||||
d. Includes interest paid to trust funds, payments from the Treasury’s general fund to the Supplementary Medical Insurance Trust Fund, the government’s share of payments for federal employees’ retirement, lump-sum payments to the Civil Service and Military Retirement Trust Funds, taxes on Social Security benefits, and smaller miscellaneous payments. | ||||||||||||||||||
no reviews yet
Please Login to review.