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CBO's Current Budget Projections [i] (January 2005)

handle is hein.congrec/cbo0815 and id is 1 raw text is: CBO's Current Budget Projections CBO's budget projections give the Congress a baseline against which to measure the effects ol proposed changes in tax and spending laws. The projections start with the Congress's most recent budgetary decisions and show whal would happen to the federal budget if no policy changes were made over the projection period. For revenues and entitlement programs, such as Social Security or Medicare, Ihe baseline projections generally assume that current laws will continue withoul change. For discretionary spending, CBO (as directed by the Deficit Control Ac) assumes that budget authority for discretionary programs will grow at the rate of Inflation each year alter 2005. For more information about CBO and its budget projections, please see About CBO. CBO's most recenl st of budget projections (for fiscal years 2005 through 2015) was published on January 25, 2005, in The Budget and Economic Outlook: Fiscal Years 2006 to 2015. CBO's Baseline Budget Projections CBO's Base;ns Projections of Mandatory Spending t CBO'a Baseline Projections of Discretionary Spending and Homeland Security Spending CBO's Baseline Prolectlons of Federal Debt CBO's Baseline Projections of Federal Interest Outlays The Budgetary Effects of Selected Policy Alternatives Not Included In CBO 1 Baseline * Changes in CBO's Baseline Projections of the Deficit Since September 2004 CBO's Baseline Budget Projections Total, Total, Actual 2006- 2006- 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2010 2015 In Billions of Dollars Revenues Individual income taxes ;orporate Income taxes Social illbutanue taxes Other Total On-bdget OfI-budget outlays Discretionary spending Mandatory upending Net interest Total On-budgnt Off-budgnl 809 899 986 1,082 1,172 1,2065 1,362 1.561 1.718 1,822 1,932 2,048 5,867 14,947 189 216 226 226 237 246 249 254 261 270 281 292 1,184 2,642 733 790 833 878 918 962 1,009 1,054 1,102 1,151 1,202 1,253 4,598 10,360 14-6 153 167 M7 M6 18R 161 M~ U1 23t 242 255 A6 a~A 1,880 2,057 2,212 2,357 2,508 2,662 2,806 3,062 3,303 3,474 3,657 3,847 12,545 29,888 1,345 1.464 1,607 1.719 1,836 1,956 2,066 2,287 2,494 2,629 2,775 2,928 9,184 22,297 535 573 805 68R 672 706 740 774 809 845 882 919 3,361 7,591 895 930 914 919 940 959 980 1,006 1,022 1,060 1,075 1,101 4,713 9,966 1,237 1,317 1,380 1,450 1,520 1,620 1,713 1,824 1,806 2,028 2,150 2,303 7,692 17,902 160 178 2 249 274 289 303 311 314 311 308 303 3 28 7 2,292 2,425 2,507 2,618 2,743 2,869 2,996 3,142 3,232 3,389 3,542 3,706 13,733 30,743 1,913 2,024 2,092 2,190 2,300 2,409 2,517 2,644 P,711 2,841 2,965 3,097 11,508 25,766 311) 401 415 498 443 460 479 497 521 548 577 609 2,225 4,977

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