Budget Spreadsheet 41370 | 51118 2021 07 Budgetprojections

Partial file snippet.

Sheet 1: Contents

	
	
		This file presents data from tables in CBO's July 2021 report Additional Information About the Updated Budget and Economic Outlook: 2021 to 2031 and provides supplemental data.
	
	
		www.cbo.gov/publication/57263
	
	
		

	
	
		

	
	
		Contents
	
	
		

	
	
		Table 1-1. 
CBO's Baseline Budget Projections, by Category
	
	
		Table 1-1, Adjusted. 
CBO's Baseline Budget Projections, by Category, Adjusted to Remove the Effects of Timing Shifts
	
	
		Table 1-2. 
CBO's Baseline Projections of Federal Debt
	
	
		Table 1-3. 
CBO's Baseline Projections of Mandatory Outlays
	
	
		Table 1-3, Adjusted. 
CBO's Baseline Projections of Mandatory Outlays, Adjusted to Remove the Effects of Timing Shifts
	
	
		Table 1-4. 
CBO's Baseline Projections of Discretionary Spending
	
	
		Table 1-4, Adjusted. 
CBO's Baseline Projections of Discretionary Spending, Adjusted to Remove the Effects of Timing Shifts
	
	
		Table 1-5. 
Key Projections in CBO's Baseline
	
	
		Table A-1.
Changes in CBO's Baseline Projections of the Deficit Since February 2021
	
	
		Supplemental Table 1. 
Costs for Mandatory Programs That Continue Beyond Their Current Expiration Date in CBO's Baseline
	



Sheet 2: Table 1-1

	
	
	
	
		This file presents data from tables in CBO's July 2021 report Additional Information About the Updated Budget and Economic Outlook: 2021 to 2031 and provides supplemental data.
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		www.cbo.gov/publication/57263
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Table 1-1. 
CBO's Baseline Budget Projections, by Category
		

		

		
 
		
		
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		Total
		

		

		
	
		

		Actual,
		

		

		

		

		

		

		

		

		

		

		

		-2022
		-2022
		

		

		
	
		

		2020
		2021
		2022
		2023
		2024
		2025
		2026
		2027
		2028
		2029
		2030
		2031
		2026
		2031
		

		

		
	
		In Billions of Dollars
		

		

		
	
		Revenues
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		
	
		Individual income taxes
		1,609
		1,952
		2,328
		2,334
		2,353
		2,383
		2,586
		2,792
		2,871
		2,979
		3,091
		3,209
		11,984
		26,926
		

		

		
	
		Payroll taxes
		1,310
		1,346
		1,391
		1,504
		1,550
		1,588
		1,644
		1,703
		1,768
		1,834
		1,900
		1,968
		7,677
		16,849
		

		

		
	
		Corporate income taxes
		212
		238
		317
		379
		390
		402
		401
		391
		393
		393
		393
		397
		1,889
		3,857
		

		

		
	
		Other
		291
		306
		355
		381
		378
		359
		354
		367
		364
		366
		371
		382
		1,827
		3,676
		

		

		
	
		

		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		

		

		
	
		Total
		3,421
		3,842
		4,390
		4,597
		4,671
		4,734
		4,984
		5,253
		5,396
		5,572
		5,754
		5,957
		23,376
		51,308
		

		

		
	
		On-budget
		2,456
		2,863
		3,401
		3,513
		3,542
		3,566
		3,773
		3,995
		4,091
		4,218
		4,352
		4,506
		17,796
		38,957
		

		

		
	
		Off-budget
		965
		979
		989
		1,085
		1,128
		1,168
		1,211
		1,258
		1,306
		1,354
		1,402
		1,451
		5,581
		12,351
		

		

		
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		
	
		Outlays
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		
	
		Mandatory
		4,577
		4,862
		3,589
		3,461
		3,488
		3,711
		3,907
		4,088
		4,418
		4,446
		4,780
		5,025
		18,155
		40,912
		

		

		
	
		Discretionary
		1,628
		1,652
		1,649
		1,610
		1,592
		1,625
		1,660
		1,701
		1,746
		1,778
		1,827
		1,877
		8,136
		17,065
		

		

		
	
		Net Interest
		345
		331
		306
		315
		344
		396
		467
		541
		628
		712
		808
		910
		1,826
		5,425
		

		

		
	
		

		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		

		

		
	
		Total
		6,550
		6,845
		5,544
		5,386
		5,423
		5,731
		6,033
		6,330
		6,792
		6,935
		7,415
		7,812
		28,118
		63,402
		

		

		
	
		On-budget
		5,598
		5,846
		4,469
		4,231
		4,191
		4,418
		4,642
		4,854
		5,222
		5,268
		5,647
		5,939
		21,950
		48,880
		

		

		
	
		Off-budget
		953
		999
		1,075
		1,155
		1,233
		1,313
		1,391
		1,476
		1,570
		1,667
		1,769
		1,873
		6,167
		14,521
		

		

		
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		
	
		Total Deficit
		-3,129
		-3,003
		-1,153
		-789
		-753
		-998
		-1,049
		-1,077
		-1,395
		-1,363
		-1,661
		-1,855
		-4,741
		-12,093
		

		

		
	
		On-budget
		-3,142
		-2,984
		-1,067
		-718
		-648
		-852
		-869
		-859
		-1,131
		-1,050
		-1,294
		-1,434
		-4,155
		-9,923
		

		

		
	
		Off-budget
		13
		-19
		-86
		-71
		-104
		-146
		-180
		-218
		-264
		-313
		-367
		-422
		-587
		-2,170
		

		

		
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		
	
		Primary Deficit
		-2,784
		-2,672
		-848
		-474
		-409
		-602
		-582
		-536
		-768
		-652
		-853
		-946
		-2,915
		-6,669
		

		

		
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		
	
		Debt Held by the Public
		21,017
		23,012
		24,392
		25,156
		25,959
		26,967
		28,062
		29,185
		30,733
		32,119
		33,913
		35,827
		n.a.
		n.a.
		

		

		
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		
	
		Memorandum:
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		
	
		Gross Domestic Product
		21,000
		22,401
		24,323
		25,356
		26,191
		27,076
		28,033
		29,103
		30,195
		31,305
		32,449
		33,670
		130,980
		287,702
		

		

		
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		
	
		As a Percentage of Gross Domestic Product
		

		

		
	
		Revenues
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		
	
		Individual income taxes
		7.7
		8.7
		9.6
		9.2
		9.0
		8.8
		9.2
		9.6
		9.5
		9.5
		9.5
		9.5
		9.1
		9.4
		

		

		
	
		Payroll taxes
		6.2
		6.0
		5.7
		5.9
		5.9
		5.9
		5.9
		5.9
		5.9
		5.9
		5.9
		5.8
		5.9
		5.9
		

		

		
	
		Corporate income taxes
		1.0
		1.1
		1.3
		1.5
		1.5
		1.5
		1.4
		1.3
		1.3
		1.3
		1.2
		1.2
		1.4
		1.3
		

		

		
	
		Other
		1.4
		1.4
		1.5
		1.5
		1.4
		1.3
		1.3
		1.3
		1.2
		1.2
		1.1
		1.1
		1.4
		1.3
		

		

		
	
		

		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		

		

		
	
		Total
		16.3
		17.2
		18.1
		18.1
		17.8
		17.5
		17.8
		18.0
		17.9
		17.8
		17.7
		17.7
		17.8
		17.8
		

		

		
	
		On-budget
		11.7
		12.8
		14.0
		13.9
		13.5
		13.2
		13.5
		13.7
		13.5
		13.5
		13.4
		13.4
		13.6
		13.5
		

		

		
	
		Off-budget
		4.6
		4.4
		4.1
		4.3
		4.3
		4.3
		4.3
		4.3
		4.3
		4.3
		4.3
		4.3
		4.3
		4.3
		

		

		

		

		

		

		

		

		

		

	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Outlays
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Mandatory
		21.8
		21.7
		14.8
		13.7
		13.3
		13.7
		13.9
		14.0
		14.6
		14.2
		14.7
		14.9
		13.9
		14.2
		

		

		

		

		

		

		

		

		

		

	
	
		Discretionary
		7.8
		7.4
		6.8
		6.3
		6.1
		6.0
		5.9
		5.8
		5.8
		5.7
		5.6
		5.6
		6.2
		5.9
		

		

		

		

		

		

		

		

		

		

	
	
		Net Interest
		1.6
		1.5
		1.3
		1.2
		1.3
		1.5
		1.7
		1.9
		2.1
		2.3
		2.5
		2.7
		1.4
		1.9
		

		

		

		

		

		

		

		

		

		

	
	
		

		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		

		

		

		

		

		

		

		

		

		

	
	
		Total
		31.2
		30.6
		22.8
		21.2
		20.7
		21.2
		21.5
		21.7
		22.5
		22.2
		22.9
		23.2
		21.5
		22.0
		

		

		

		

		

		

		

		

		

		

	
	
		On-budget
		26.7
		26.1
		18.4
		16.7
		16.0
		16.3
		16.6
		16.7
		17.3
		16.8
		17.4
		17.6
		16.8
		17.0
		

		

		

		

		

		

		

		

		

		

	
	
		Off-budget
		4.5
		4.5
		4.4
		4.6
		4.7
		4.9
		5.0
		5.1
		5.2
		5.3
		5.5
		5.6
		4.7
		5.0
		

		

		

		

		

		

		

		

		

		

	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Total Deficit
		-14.9
		-13.4
		-4.7
		-3.1
		-2.9
		-3.7
		-3.7
		-3.7
		-4.6
		-4.4
		-5.1
		-5.5
		-3.6
		-4.2
		

		

		

		

		

		

		

		

		

		

	
	
		On-budget
		-15.0
		-13.3
		-4.4
		-2.8
		-2.5
		-3.1
		-3.1
		-3.0
		-3.7
		-3.4
		-4.0
		-4.3
		-3.2
		-3.4
		

		

		

		

		

		

		

		

		

		

	
	
		Off-budget
		0.1
		-0.1
		-0.4
		-0.3
		-0.4
		-0.5
		-0.6
		-0.7
		-0.9
		-1.0
		-1.1
		-1.3
		-0.4
		-0.8
		

		

		

		

		

		

		

		

		

		

	
	
		 
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Primary Deficit
		-13.3
		-11.9
		-3.5
		-1.9
		-1.6
		-2.2
		-2.1
		-1.8
		-2.5
		-2.1
		-2.6
		-2.8
		-2.2
		-2.3
		

		

		

		

		

		

		

		

		

		

	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Debt Held by the Public
		100.1
		102.7
		100.3
		99.2
		99.1
		99.6
		100.1
		100.3
		101.8
		102.6
		104.5
		106.4
		n.a.
		n.a.
		

		

		

		

		

		

		

		

		

		

	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Back to Table of Contents
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	



Sheet 3: Table 1-1, adjusted

	
	
	
		This file presents data from tables in CBO's July 2021 report Additional Information About the Updated Budget and Economic Outlook: 2021 to 2031 and provides supplemental data.
		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		www.cbo.gov/publication/57263
		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Table 1-1, Adjusted. 
CBO's Baseline Budget Projections, by Category, Adjusted to Remove the Effects of Timing Shifts
		
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		Total
		
	
		

		Actual,
		

		

		

		

		

		

		

		

		

		

		

		-2022
		-2022
	
	
		

		2020
		2021
		2022
		2023
		2024
		2025
		2026
		2027
		2028
		2029
		2030
		2031
		2026
		2031
	
	
		In Billions of Dollars
		
	
		Revenues
		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Individual income taxes
		1,609
		1,952
		2,328
		2,334
		2,353
		2,383
		2,586
		2,792
		2,871
		2,979
		3,091
		3,209
		11,984
		26,926
	
	
		Payroll taxes
		1,310
		1,346
		1,391
		1,504
		1,550
		1,588
		1,644
		1,703
		1,768
		1,834
		1,900
		1,968
		7,677
		16,849
	
	
		Corporate income taxes
		212
		238
		317
		379
		390
		402
		401
		391
		393
		393
		393
		397
		1,889
		3,857
	
	
		Other
		291
		306
		355
		381
		378
		359
		354
		367
		364
		366
		371
		382
		1,827
		3,676
	
	
		

		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
	
	
		Total
		3,421
		3,842
		4,390
		4,597
		4,671
		4,734
		4,984
		5,253
		5,396
		5,572
		5,754
		5,957
		23,376
		51,308
	
	
		On-Budget
		2,456
		2,863
		3,401
		3,513
		3,542
		3,566
		3,773
		3,995
		4,091
		4,218
		4,352
		4,506
		17,796
		38,957
	
	
		Off-Budget
		965
		979
		989
		1,085
		1,128
		1,168
		1,211
		1,258
		1,306
		1,354
		1,402
		1,451
		5,581
		12,351
	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Outlays
		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Mandatorya
		4,577
		4,862
		3,526
		3,454
		3,558
		3,711
		3,907
		4,088
		4,316
		4,548
		4,781
		5,025
		18,155
		40,912
	
	
		Discretionarya
		1,628
		1,652
		1,644
		1,610
		1,597
		1,625
		1,660
		1,701
		1,740
		1,784
		1,827
		1,877
		8,136
		17,065
	
	
		Net Interest
		345
		331
		306
		315
		344
		396
		467
		541
		628
		712
		808
		910
		1,826
		5,425
	
	
		

		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
	
	
		Totala
		6,550
		6,845
		5,476
		5,378
		5,499
		5,731
		6,033
		6,330
		6,684
		7,043
		7,416
		7,812
		28,118
		63,402
	
	
		On-Budgeta
		5,598
		5,846
		4,401
		4,223
		4,266
		4,418
		4,642
		4,854
		5,114
		5,376
		5,647
		5,939
		21,950
		48,880
	
	
		Off-Budget
		953
		999
		1,075
		1,155
		1,233
		1,313
		1,391
		1,476
		1,570
		1,667
		1,769
		1,873
		6,167
		14,521
	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Total Deficita
		-3,129
		-3,003
		-1,086
		-781
		-828
		-998
		-1,049
		-1,077
		-1,287
		-1,471
		-1,662
		-1,855
		-4,741
		-12,093
	
	
		On-Budgeta
		-3,142
		-2,984
		-1,000
		-710
		-724
		-852
		-869
		-859
		-1,023
		-1,158
		-1,295
		-1,434
		-4,155
		-9,923
	
	
		Off-Budget
		13
		-19
		-86
		-71
		-104
		-146
		-180
		-218
		-264
		-313
		-367
		-422
		-587
		-2,170
	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Primary Deficit
		-2,784
		-2,672
		-780
		-466
		-484
		-602
		-582
		-536
		-659
		-759
		-854
		-946
		-2,915
		-6,669
	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Debt Held by the Public
		21,017
		23,012
		24,392
		25,156
		25,959
		26,967
		28,062
		29,185
		30,733
		32,119
		33,913
		35,827
		n.a.
		n.a.
	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Memorandum:
		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Gross Domestic Product
		21,000
		22,401
		24,323
		25,356
		26,191
		27,076
		28,033
		29,103
		30,195
		31,305
		32,449
		33,670
		130,980
		287,702
	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		As a Percentage of Gross Domestic Product
		
	
		Revenues
		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Individual income taxes
		7.7
		8.7
		9.6
		9.2
		9.0
		8.8
		9.2
		9.6
		9.5
		9.5
		9.5
		9.5
		9.1
		9.4
	
	
		Payroll taxes
		6.2
		6.0
		5.7
		5.9
		5.9
		5.9
		5.9
		5.9
		5.9
		5.9
		5.9
		5.8
		5.9
		5.9
	
	
		Corporate income taxes
		1.0
		1.1
		1.3
		1.5
		1.5
		1.5
		1.4
		1.3
		1.3
		1.3
		1.2
		1.2
		1.4
		1.3
	
	
		Other
		1.4
		1.4
		1.5
		1.5
		1.4
		1.3
		1.3
		1.3
		1.2
		1.2
		1.1
		1.1
		1.4
		1.3
	
	
		

		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
	
	
		Total
		16.3
		17.2
		18.1
		18.1
		17.8
		17.5
		17.8
		18.0
		17.9
		17.8
		17.7
		17.7
		17.8
		17.8
	
	
		On-Budget
		11.7
		12.8
		14.0
		13.9
		13.5
		13.2
		13.5
		13.7
		13.5
		13.5
		13.4
		13.4
		13.6
		13.5
	
	
		Off-Budget
		4.6
		4.4
		4.1
		4.3
		4.3
		4.3
		4.3
		4.3
		4.3
		4.3
		4.3
		4.3
		4.3
		4.3
	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Outlays
		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Mandatorya
		21.8
		21.7
		14.5
		13.6
		13.6
		13.7
		13.9
		14.0
		14.3
		14.5
		14.7
		14.9
		13.9
		14.2
	
	
		Discretionarya
		7.8
		7.4
		6.8
		6.3
		6.1
		6.0
		5.9
		5.8
		5.8
		5.7
		5.6
		5.6
		6.2
		5.9
	
	
		Net Interest
		1.6
		1.5
		1.3
		1.2
		1.3
		1.5
		1.7
		1.9
		2.1
		2.3
		2.5
		2.7
		1.4
		1.9
	
	
		

		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
		____
	
	
		Totala
		31.2
		30.6
		22.5
		21.2
		21.0
		21.2
		21.5
		21.7
		22.1
		22.5
		22.9
		23.2
		21.5
		22.0
	
	
		On-Budgeta
		26.7
		26.1
		18.1
		16.7
		16.3
		16.3
		16.6
		16.7
		16.9
		17.2
		17.4
		17.6
		16.8
		17.0
	
	
		Off-Budget
		4.5
		4.5
		4.4
		4.6
		4.7
		4.9
		5.0
		5.1
		5.2
		5.3
		5.5
		5.6
		4.7
		5.0
	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Total Deficita
		-14.9
		-13.4
		-4.5
		-3.1
		-3.2
		-3.7
		-3.7
		-3.7
		-4.3
		-4.7
		-5.1
		-5.5
		-3.6
		-4.2
	
	
		On-Budgeta
		-15.0
		-13.3
		-4.1
		-2.8
		-2.8
		-3.1
		-3.1
		-3.0
		-3.4
		-3.7
		-4.0
		-4.3
		-3.2
		-3.4
	
	
		Off-Budget
		0.1
		-0.1
		-0.4
		-0.3
		-0.4
		-0.5
		-0.6
		-0.7
		-0.9
		-1.0
		-1.1
		-1.3
		-0.4
		-0.8
	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Primary Deficit
		-13.3
		-11.9
		-3.2
		-1.8
		-1.8
		-2.2
		-2.1
		-1.8
		-2.2
		-2.4
		-2.6
		-2.8
		-2.2
		-2.3
	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		Debt Held by the Public
		100.1
		102.7
		100.3
		99.2
		99.1
		99.6
		100.1
		100.3
		101.8
		102.6
		104.5
		106.4
		n.a.
		n.a.
	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		For notes to this table, see the previous sheet.
		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
		a. When October 1 (the first day of the fiscal year) falls on a weekend, certain payments that would have ordinarily been made on that day are instead made at the end of September and thus are shifted into the previous fiscal year. All projections presented here have been adjusted to exclude the effects of those timing shifts.
		
	
		
	
		
	
		

		

		

		

		

		

		

		

		

		

		

		

		

		

		

	
	
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...Sheet contents this file presents data from tables in cbo s july report additional information about the updated budget and economic outlook to provides supplemental wwwcbogovpublication table baseline projections by category adjusted remove effects of timing shifts federal debt mandatory outlays discretionary spending key achanges deficit since february costs for programs that continue beyond their current expiration date total actual billions dollars revenues individual income taxes payroll corporate other onbudget offbudget net interest primary held public na memorandum gross domestic product as a percentage...

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This file presents data from tables in CBO's July 2021 report Additional Information About the Updated Budget and Economic Outlook: 2021 to 2031 and provides supplemental data.
www.cbo.gov/publication/57263


Table 1-1. CBO's Baseline Budget Projections, by Category

													Total
	Actual,												-2022	-2022
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2026	2031
In Billions of Dollars
Revenues
Individual income taxes	1,609	1,952	2,328	2,334	2,353	2,383	2,586	2,792	2,871	2,979	3,091	3,209	11,984	26,926
Payroll taxes	1,310	1,346	1,391	1,504	1,550	1,588	1,644	1,703	1,768	1,834	1,900	1,968	7,677	16,849
Corporate income taxes	212	238	317	379	390	402	401	391	393	393	393	397	1,889	3,857
Other	291	306	355	381	378	359	354	367	364	366	371	382	1,827	3,676
	____	____	____	____	____	____	____	____	____	____	____	____	____	____
Total	3,421	3,842	4,390	4,597	4,671	4,734	4,984	5,253	5,396	5,572	5,754	5,957	23,376	51,308
On-budget	2,456	2,863	3,401	3,513	3,542	3,566	3,773	3,995	4,091	4,218	4,352	4,506	17,796	38,957
Off-budget	965	979	989	1,085	1,128	1,168	1,211	1,258	1,306	1,354	1,402	1,451	5,581	12,351

Outlays
Mandatory	4,577	4,862	3,589	3,461	3,488	3,711	3,907	4,088	4,418	4,446	4,780	5,025	18,155	40,912
Discretionary	1,628	1,652	1,649	1,610	1,592	1,625	1,660	1,701	1,746	1,778	1,827	1,877	8,136	17,065
Net Interest	345	331	306	315	344	396	467	541	628	712	808	910	1,826	5,425
	____	____	____	____	____	____	____	____	____	____	____	____	____	____
Total	6,550	6,845	5,544	5,386	5,423	5,731	6,033	6,330	6,792	6,935	7,415	7,812	28,118	63,402
On-budget	5,598	5,846	4,469	4,231	4,191	4,418	4,642	4,854	5,222	5,268	5,647	5,939	21,950	48,880
Off-budget	953	999	1,075	1,155	1,233	1,313	1,391	1,476	1,570	1,667	1,769	1,873	6,167	14,521

Total Deficit	-3,129	-3,003	-1,153	-789	-753	-998	-1,049	-1,077	-1,395	-1,363	-1,661	-1,855	-4,741	-12,093
On-budget	-3,142	-2,984	-1,067	-718	-648	-852	-869	-859	-1,131	-1,050	-1,294	-1,434	-4,155	-9,923
Off-budget	13	-19	-86	-71	-104	-146	-180	-218	-264	-313	-367	-422	-587	-2,170

Primary Deficit	-2,784	-2,672	-848	-474	-409	-602	-582	-536	-768	-652	-853	-946	-2,915	-6,669

Debt Held by the Public	21,017	23,012	24,392	25,156	25,959	26,967	28,062	29,185	30,733	32,119	33,913	35,827	n.a.	n.a.

Memorandum:
Gross Domestic Product	21,000	22,401	24,323	25,356	26,191	27,076	28,033	29,103	30,195	31,305	32,449	33,670	130,980	287,702

As a Percentage of Gross Domestic Product
Revenues
Individual income taxes	7.7	8.7	9.6	9.2	9.0	8.8	9.2	9.6	9.5	9.5	9.5	9.5	9.1	9.4
Payroll taxes	6.2	6.0	5.7	5.9	5.9	5.9	5.9	5.9	5.9	5.9	5.9	5.8	5.9	5.9
Corporate income taxes	1.0	1.1	1.3	1.5	1.5	1.5	1.4	1.3	1.3	1.3	1.2	1.2	1.4	1.3
Other	1.4	1.4	1.5	1.5	1.4	1.3	1.3	1.3	1.2	1.2	1.1	1.1	1.4	1.3
	____	____	____	____	____	____	____	____	____	____	____	____	____	____
Total	16.3	17.2	18.1	18.1	17.8	17.5	17.8	18.0	17.9	17.8	17.7	17.7	17.8	17.8
On-budget	11.7	12.8	14.0	13.9	13.5	13.2	13.5	13.7	13.5	13.5	13.4	13.4	13.6	13.5
Off-budget	4.6	4.4	4.1	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3

Outlays
Mandatory	21.8	21.7	14.8	13.7	13.3	13.7	13.9	14.0	14.6	14.2	14.7	14.9	13.9	14.2
Discretionary	7.8	7.4	6.8	6.3	6.1	6.0	5.9	5.8	5.8	5.7	5.6	5.6	6.2	5.9
Net Interest	1.6	1.5	1.3	1.2	1.3	1.5	1.7	1.9	2.1	2.3	2.5	2.7	1.4	1.9
	____	____	____	____	____	____	____	____	____	____	____	____	____	____
Total	31.2	30.6	22.8	21.2	20.7	21.2	21.5	21.7	22.5	22.2	22.9	23.2	21.5	22.0
On-budget	26.7	26.1	18.4	16.7	16.0	16.3	16.6	16.7	17.3	16.8	17.4	17.6	16.8	17.0
Off-budget	4.5	4.5	4.4	4.6	4.7	4.9	5.0	5.1	5.2	5.3	5.5	5.6	4.7	5.0

Total Deficit	-14.9	-13.4	-4.7	-3.1	-2.9	-3.7	-3.7	-3.7	-4.6	-4.4	-5.1	-5.5	-3.6	-4.2
On-budget	-15.0	-13.3	-4.4	-2.8	-2.5	-3.1	-3.1	-3.0	-3.7	-3.4	-4.0	-4.3	-3.2	-3.4
Off-budget	0.1	-0.1	-0.4	-0.3	-0.4	-0.5	-0.6	-0.7	-0.9	-1.0	-1.1	-1.3	-0.4	-0.8

Primary Deficit	-13.3	-11.9	-3.5	-1.9	-1.6	-2.2	-2.1	-1.8	-2.5	-2.1	-2.6	-2.8	-2.2	-2.3

Debt Held by the Public	100.1	102.7	100.3	99.2	99.1	99.6	100.1	100.3	101.8	102.6	104.5	106.4	n.a.	n.a.

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This file presents data from tables in CBO's July 2021 report Additional Information About the Updated Budget and Economic Outlook: 2021 to 2031 and provides supplemental data.
www.cbo.gov/publication/57263


Table 1-1, Adjusted. CBO's Baseline Budget Projections, by Category, Adjusted to Remove the Effects of Timing Shifts

													Total
	Actual,												-2022	-2022
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2026	2031
In Billions of Dollars
Revenues
Individual income taxes	1,609	1,952	2,328	2,334	2,353	2,383	2,586	2,792	2,871	2,979	3,091	3,209	11,984	26,926
Payroll taxes	1,310	1,346	1,391	1,504	1,550	1,588	1,644	1,703	1,768	1,834	1,900	1,968	7,677	16,849
Corporate income taxes	212	238	317	379	390	402	401	391	393	393	393	397	1,889	3,857
Other	291	306	355	381	378	359	354	367	364	366	371	382	1,827	3,676
	____	____	____	____	____	____	____	____	____	____	____	____	____	____
Total	3,421	3,842	4,390	4,597	4,671	4,734	4,984	5,253	5,396	5,572	5,754	5,957	23,376	51,308
On-Budget	2,456	2,863	3,401	3,513	3,542	3,566	3,773	3,995	4,091	4,218	4,352	4,506	17,796	38,957
Off-Budget	965	979	989	1,085	1,128	1,168	1,211	1,258	1,306	1,354	1,402	1,451	5,581	12,351

Outlays
Mandatorya	4,577	4,862	3,526	3,454	3,558	3,711	3,907	4,088	4,316	4,548	4,781	5,025	18,155	40,912
Discretionarya	1,628	1,652	1,644	1,610	1,597	1,625	1,660	1,701	1,740	1,784	1,827	1,877	8,136	17,065
Net Interest	345	331	306	315	344	396	467	541	628	712	808	910	1,826	5,425
	____	____	____	____	____	____	____	____	____	____	____	____	____	____
Totala	6,550	6,845	5,476	5,378	5,499	5,731	6,033	6,330	6,684	7,043	7,416	7,812	28,118	63,402
On-Budgeta	5,598	5,846	4,401	4,223	4,266	4,418	4,642	4,854	5,114	5,376	5,647	5,939	21,950	48,880
Off-Budget	953	999	1,075	1,155	1,233	1,313	1,391	1,476	1,570	1,667	1,769	1,873	6,167	14,521

Total Deficita	-3,129	-3,003	-1,086	-781	-828	-998	-1,049	-1,077	-1,287	-1,471	-1,662	-1,855	-4,741	-12,093
On-Budgeta	-3,142	-2,984	-1,000	-710	-724	-852	-869	-859	-1,023	-1,158	-1,295	-1,434	-4,155	-9,923
Off-Budget	13	-19	-86	-71	-104	-146	-180	-218	-264	-313	-367	-422	-587	-2,170

Primary Deficit	-2,784	-2,672	-780	-466	-484	-602	-582	-536	-659	-759	-854	-946	-2,915	-6,669

Debt Held by the Public	21,017	23,012	24,392	25,156	25,959	26,967	28,062	29,185	30,733	32,119	33,913	35,827	n.a.	n.a.

Memorandum:
Gross Domestic Product	21,000	22,401	24,323	25,356	26,191	27,076	28,033	29,103	30,195	31,305	32,449	33,670	130,980	287,702

As a Percentage of Gross Domestic Product
Revenues
Individual income taxes	7.7	8.7	9.6	9.2	9.0	8.8	9.2	9.6	9.5	9.5	9.5	9.5	9.1	9.4
Payroll taxes	6.2	6.0	5.7	5.9	5.9	5.9	5.9	5.9	5.9	5.9	5.9	5.8	5.9	5.9
Corporate income taxes	1.0	1.1	1.3	1.5	1.5	1.5	1.4	1.3	1.3	1.3	1.2	1.2	1.4	1.3
Other	1.4	1.4	1.5	1.5	1.4	1.3	1.3	1.3	1.2	1.2	1.1	1.1	1.4	1.3
	____	____	____	____	____	____	____	____	____	____	____	____	____	____
Total	16.3	17.2	18.1	18.1	17.8	17.5	17.8	18.0	17.9	17.8	17.7	17.7	17.8	17.8
On-Budget	11.7	12.8	14.0	13.9	13.5	13.2	13.5	13.7	13.5	13.5	13.4	13.4	13.6	13.5
Off-Budget	4.6	4.4	4.1	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3	4.3

Outlays
Mandatorya	21.8	21.7	14.5	13.6	13.6	13.7	13.9	14.0	14.3	14.5	14.7	14.9	13.9	14.2
Discretionarya	7.8	7.4	6.8	6.3	6.1	6.0	5.9	5.8	5.8	5.7	5.6	5.6	6.2	5.9
Net Interest	1.6	1.5	1.3	1.2	1.3	1.5	1.7	1.9	2.1	2.3	2.5	2.7	1.4	1.9
	____	____	____	____	____	____	____	____	____	____	____	____	____	____
Totala	31.2	30.6	22.5	21.2	21.0	21.2	21.5	21.7	22.1	22.5	22.9	23.2	21.5	22.0
On-Budgeta	26.7	26.1	18.1	16.7	16.3	16.3	16.6	16.7	16.9	17.2	17.4	17.6	16.8	17.0
Off-Budget	4.5	4.5	4.4	4.6	4.7	4.9	5.0	5.1	5.2	5.3	5.5	5.6	4.7	5.0

Total Deficita	-14.9	-13.4	-4.5	-3.1	-3.2	-3.7	-3.7	-3.7	-4.3	-4.7	-5.1	-5.5	-3.6	-4.2
On-Budgeta	-15.0	-13.3	-4.1	-2.8	-2.8	-3.1	-3.1	-3.0	-3.4	-3.7	-4.0	-4.3	-3.2	-3.4
Off-Budget	0.1	-0.1	-0.4	-0.3	-0.4	-0.5	-0.6	-0.7	-0.9	-1.0	-1.1	-1.3	-0.4	-0.8

Primary Deficit	-13.3	-11.9	-3.2	-1.8	-1.8	-2.2	-2.1	-1.8	-2.2	-2.4	-2.6	-2.8	-2.2	-2.3

Debt Held by the Public	100.1	102.7	100.3	99.2	99.1	99.6	100.1	100.3	101.8	102.6	104.5	106.4	n.a.	n.a.

For notes to this table, see the previous sheet.

a. When October 1 (the first day of the fiscal year) falls on a weekend, certain payments that would have ordinarily been made on that day are instead made at the end of September and thus are shifted into the previous fiscal year. All projections presented here have been adjusted to exclude the effects of those timing shifts.



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