122 SUMMARY TABLES
Table S–4. Proposed Budget by Category
1
(In billions of dollars)
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Totals
2023–
2027
2023–
2032
Outlays:
Discretionary programs:
Defense .................................................... 742 766 795 822 837 843 853 864 872 879 885 891 4,150 8,541
Non-defense ............................................. 895 928 915 1,022 1,012 1,019 1,026 1,030 1,039 1,051 1,065 1,083 4,993 10,261
Subtotal, discretionary programs ....... 1,636 1,694 1,709 1,844 1,848 1,862 1,879 1,894 1,911 1,930 1,950 1,974 9,142 18,802
Mandatory programs:
Social Security ......................................... 1,129 1,214 1,313 1,398 1,482 1,570 1,662 1,759 1,857 1,957 2,059 2,165 7,425 17,222
Medicare .................................................. 689 753 846 853 971 1,070 1,157 1,310 1,260 1,420 1,513 1,612 4,898 12,013
Medicaid .................................................. 521 562 536 567 599 631 666 706 752 799 847 898 2,999 7,001
Other mandatory programs .................... 2,495 1,272 993 937 942 953 954 1,024 1,012 1,060 1,088 1,126 4,778 10,089
Subtotal, mandatory programs .......... 4,834 3,800 3,687 3,755 3,994 4,224 4,439 4,800 4,880 5,236 5,508 5,801 20,099 46,324
Net interest ................................................. 352 357 396 476 564 648 729 808 879 948 1,019 1,092 2,813 7,559
Total outlays ............................................ 6,822 5,852 5,792 6,075 6,406 6,734 7,048 7,502 7,670 8,114 8,477 8,867 32,055 72,685
Receipts:
Individual income taxes .............................. 2,044 2,263 2,345 2,427 2,549 2,819 3,007 3,156 3,324 3,502 3,692 3,876 13,147 30,698
Corporation income taxes ........................... 372 383 501 616 633 612 620 644 638 627 623 625 2,982 6,139
Social insurance and retirement receipts:
Social Security payroll taxes .................. 952 1,047 1,101 1,158 1,208 1,264 1,315 1,381 1,439 1,505 1,575 1,644 6,046 13,590
Medicare payroll taxes ............................ 295 329 342 360 375 392 408 428 446 467 489 512 1,876 4,218
Unemployment insurance ....................... 57 58 55 55 55 55 56 56 60 62 62 64 275 579
Other retirement ..................................... 10 12 12 13 13 14 15 15 16 16 17 18 67 149
Excise taxes ................................................. 75 84 91 96 95 96 97 96 99 101 101 103 474 974
Estate and gift taxes ................................... 27 26 25 23 25 25 40 42 45 47 51 54 138 376
Customs duties ............................................ 80 93 54 46 47 49 51 53 55 58 60 53 247 526
Deposits of earnings, Federal Reserve
System ..................................................... 100 108 76 43 34 35 39 45 50 57 65 73 227 516
Other miscellaneous receipts ..................... 34 35 36 39 42 45 49 52 56 58 60 62 211 499
Total receipts ........................................... 4,047 4,437 4,638 4,874 5,076 5,406 5,696 5,969 6,227 6,500 6,795 7,083 25,690 58,264
Deficit ............................................................. 2,775 1,415 1,154 1,201 1,330 1,328 1,352 1,533 1,443 1,614 1,682 1,784 6,364 14,421
Net interest ................................................. 352 357 396 476 564 648 729 808 879 948 1,019 1,092 2,813 7,559
Primary deficit ............................................ 2,423 1,058 758 724 766 680 622 725 565 667 663 692 3,551 6,862
On-budget deficit ......................................... 2,724 1,374 1,068 1,085 1,184 1,153 1,153 1,308 1,181 1,323 1,360 1,428 5,643 12,243
Off-budget deficit/surplus (–) ...................... 52 41 86 116 146 175 199 225 262 292 322 356 721 2,178
1
The Budget includes a reserve for legislation that reduces costs, expands productive capacity, and reforms the tax system. While the President is committed to reducing the deficit
with this legislation, this allowance is shown as deficit neutral to be conservative for purposes of the budget totals. Because discussions with Congress continue, the Budget does
not break down the reserve among specific policies or between revenues and outlays.