GRAPHS AND CHARTS - House Budget Committee · 2010. 2011. 2012. 2013. 2014. 2015. 2016. 2017. 2018....
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GRAPHS AND CHARTS
Transcript of GRAPHS AND CHARTS - House Budget Committee · 2010. 2011. 2012. 2013. 2014. 2015. 2016. 2017. 2018....
GRAPHS AND CHARTS
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2000 2005 2010 2015 2020 2025 2030 2035 2040 2045
Revenues
Net Interest
Other Mandatory Spending
Health Care Programs
Social SecuritySpending
THE BUDGET CHALLENGEGOVERNMENT SPENDING AS A % SHARE OF ECONOMY
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2
1.5
3.3
2.4
0
0.5
1
1.5
2
2.5
3
3.5
2018 2019Before Tax Reform After Tax Reform
Perc
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Source: CBO
PROJECTED REAL GDP GROWTHFROM FOURTH QUARTER TO FOURTH QUARTER
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GROWING NATIONAL DEBTGROSS FEDERAL DEBT IN $ TRILLIONS
SOURCE: CBO
10.612.3
1415.2
16.417.3 18.1 18.9
20.221.4
22.523.7
24.926.2
27.528.7
3031.4
32.533.9
0
5
10
15
20
25
30
35
40
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Actual Projected
0
20
40
60
80
100
120
140
160
1790
1795
1800
1805
1810
1815
1820
1825
1830
1835
1840
1845
1850
1855
1860
1865
1870
1875
1880
1885
1890
1895
1900
1905
1910
1915
1920
1925
1930
1935
1940
1945
1950
1955
1960
1965
1970
1975
1980
1985
1990
1995
2000
2005
2010
2015
2020
2025
2030
2035
2040
2045
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THE NATIONAL DEBT KEEPS GROWINGDEBT HELD BY THE PUBLIC AS % OF GDP
Source: CBO 2017 Long-Term Budget Outlook
665
804
981 1,0081,123
1,276 1,273 1,2441,352 1,320 1,316
1,526
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
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DEFICIT PROJECTIONS IF CONGRESS DOES NOT ACTIN $ BILLIONS
$42
$127
$278
$655
$769
$915
$0 $200 $400 $600 $800 $1,000
SCIENCE, SPACE, TECH
TRANSPORTATION
VETERANS' BENEFITS
MEDICAID
DEFENSE
NET INTEREST
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INTEREST VS. OTHER SPENDINGOUTLAYS, IN 2028 UNDER CBO BASELINE, IN BILLIONS
SOURCE: CBONote: Spending for Social Security or Medicare exceeds net interest.
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MANDATORY SPENDING GROWTH OVER TIME
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THE MANDATORY SPENDING CHALLENGE
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BASE DISCRETIONARY BUDGET AUTHORITY
-665
-804-981 -1,008
-1,123
-1,276 -1,273 -1,244-1,352 -1,320 -1,316
-1,526
-798 -793-738 -714 -699
-597
-464
-332
-146
+26
+142
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
CBO Deficit Projections
House Budget Deficit Projections
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CBO VS. HBC BUDGET DEFICIT PROJECTIONSIN $ BILLIONS
DEFICIT(-) / SURPLUS (+)
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AVG. ANNUAL REAL GDP GROWTHBY ANNUAL % CHANGE
3 2.9
2.52.3
2.11.9 1.8
0
0.5
1
1.5
2
2.5
3
3.5
2012 2013 2014 2015 2016 2017 2018SOURCE: CBO
59.0
60.0
61.0
62.0
63.0
64.0
65.0
66.0
67.0
68.0
69.0
1976 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016
62.7%
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May, 2018
SOURCE: CBO
THE LABOR FORCE PARTICIPATION RATEIS HISTORICALLY LOW
$107 $106
$125$137
$144 $141
40
60
80
100
120
140
160
2012 2013 2014 2015 2016 2017
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RISE IN IMPROPER PAYMENTSBY FISCAL YEAR, IN $ BILLIONS
SOURCE: GAO
Medicare $59.7
Medicaid $36.3
Earned IncomeTax Credit $16.8
Other Programs$31.7
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IMPROPER PAYMENTS BY GOVERNMENT PROGRAM IN FY 2016IN $ BILLIONS
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FY 2017 TOTAL REVENUEIN $ BILLIONS
SOCIAL INSURANCE, $1,162
OTHER, $270
INDIVIDUAL INCOME TAXES, $1,587
CORP. INCOME TAX, $297
SOURCE: CBO
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FEDERAL MEDICARE SPENDINGNET OUTLAYS IN $ BILLIONS
597 590648
693747
837 861 878
9831,053
1,127
1,272
0
200
400
600
800
1,000
1,200
1,400
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
SOURCE: CBO *2017 is actual, all other numbers based on projections
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FEDERAL MEDICAID SPENDINGIN $ BILLIONS
375 383 401 417437
465493
524554
587620
655
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100
200
300
400
500
600
700
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028SOURCE: CBO *Numbers based on projections
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Source: CBO
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RECONCILIATION SAVINGS BY COMMITTEEOVER 10 YEARS
Agriculture: $1 billion
Armed Services: $1 billion
Education & Workforce: $20 billion
Energy & Commerce: $20 billion
Financial Services: $24 billion
Homeland Security: $3 billion
Natural Resources: $5 billion
Judiciary Committee: $45 billion
Oversight & Gov. Reform: $32 billion
Veterans Affairs: $1 billion
Ways & Means: $150 billion
