BUDGET OF THE U. S. GOVERNMENT FOR FISCAL YEAR 2024 137
Table S–3. Baseline by Category
1
(In billions of dollars)
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Totals
2024–
2028
2024–
2033
Outlays:
Discretionary programs:
Defense
............................................................................... 752 800 880 902 912 926 944 965 988 1,010 1,034 1,058 4,563 9,619
Non-defense ........................................................................ 912 936 992 986 1,011 1,024 1,028 1,047 1,072 1,093 1,117 1,141 5,041 10,510
Subtotal, discretionary programs .................................. 1,664 1,736 1,872 1,888 1,923 1,950 1,972 2,012 2,059 2,103 2,151 2,199 9,605 20,129
Mandatory programs:
Social Security
.................................................................... 1,212 1,346 1,459 1,553 1,646 1,742 1,842 1,943 2,046 2,152 2,261 2,371 8,242 19,014
Medicare ............................................................................. 747 821 842 959 1,033 1,117 1,276 1,223 1,388 1,482 1,596 1,844 5,226 12,759
Medicaid ............................................................................. 592 608 556 581 617 652 693 731 774 826 874 926 3,098 7,228
Other mandatory programs ............................................... 1,581 1,200 1,060 986 1,002 993 1,063 1,038 1,093 1,110 1,150 1,220 5,103 10,715
Subtotal, mandatory programs ..................................... 4,133 3,975 3,916 4,078 4,298 4,503 4,874 4,935 5,300 5,570 5,881 6,361 21,670 49,717
Net interest ............................................................................ 476 665 796 842 882 929 984 1,053 1,133 1,220 1,310 1,393 4,433 10,543
Total outlays ....................................................................... 6,273 6,376 6,584 6,808 7,103 7,382 7,830 8,000 8,493 8,894 9,342 9,954 35,707 80,389
Receipts:
Individual income taxes ......................................................... 2,632 2,337 2,382 2,472 2,770 2,991 3,159 3,319 3,500 3,696 3,886 4,078 13,774 32,254
Corporation income taxes ...................................................... 425 438 470 486 467 474 485 488 490 495 472 489 2,383 4,816
Social insurance and retirement receipts:
Social Security payroll taxes
............................................. 1,066 1,198 1,209 1,265 1,327 1,382 1,452 1,511 1,575 1,642 1,709 1,807 6,635 14,879
Medicare payroll taxes ....................................................... 339 357 369 387 406 425 447 467 489 511 534 566 2,034 4,601
Unemployment insurance .................................................. 66 55 56 58 60 63 66 69 70 70 71 73 303 656
Other retirement ................................................................ 12 13 13 14 15 15 16 17 18 19 19 21 74 167
xcise taxes E ............................................................................ 88 88 97 97 100 101 101 104 107 107 113 116 497 1,044
state and gift taxes E .............................................................. 33 21 24 26 27 41 42 45 47 50 54 57 161 414
Customs duties ....................................................................... 100 102 61 50 52 54 56 58 60 63 55 57 273 566
Deposits of earnings, Federal Reserve System ..................... 107 ......... ......... 14 36 54 65 69 72 78 85 91 170 567
Other miscellaneous receipts ................................................ 30 39 38 41 44 46 49 53 57 60 62 63 219 513
Total receipts ...................................................................... 4,897 4,650 4,721 4,910 5,305 5,647 5,940 6,200 6,485 6,791 7,060 7,418 26,523 60,478
Deficit ........................................................................................ 1,376 1,726 1,863 1,897 1,798 1,735 1,890 1,800 2,008 2,103 2,282 2,535 9,184 19,912
Net interest ............................................................................ 476 665 796 842 882 929 984 1,053 1,133 1,220 1,310 1,393 4,433 10,543
Primary deficit ....................................................................... 900 1,061 1,068 1,056 916 806 906 747 874 882 971 1,142 4,752 9,368
On-budget deficit .................................................................... 1,361 1,712 1,757 1,757 1,637 1,541 1,670 1,539 1,709 1,762 1,901 2,139 8,361 17,412
Off-budget deficit .................................................................... 15 14 106 141 161 195 221 261 299 340 380 396 823 2,500
Memorandum, totals standardized to 12 monthly
benefit payments:
2
Receipts .................................................................................. 4,897 4,650 4,721 4,910 5,305 5,647 5,940 6,200 6,485 6,791 7,060 7,418 26,523 60,478
Outlays ................................................................................... 6,209 6,368 6,656 6,808 7,103 7,382 7,724 8,107 8,493 8,894 9,342 9,807 35,673 80,315
Deficit .................................................................................. 1,312 1,718 1,935 1,897 1,798 1,735 1,784 1,907 2,008 2,103 2,282 2,389 9,150 19,837
1
Baseline estimates are on the basis of the economic assumptions shown in Table S–9, which incorporate the effects of the Administration’s fiscal policies.
2
When October 1 falls on a weekend, certain mandatory benefit payments are accelerated to the previous business day, and as a result certain fiscal years can have 11 or 13 benefit
payments rather than 12 payments.