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Transfer payments to (persons) as a percent of Federal revenue in the United States Transfer payments to (persons + business) in the United States. CBO projects that spending for Social Security, healthcare programs and interest costs will rise relative to GDP between 2017 and 2027, while defense and other discretionary spending will decline relative to GDP.
CBO Estimate of Discretionary Appropriations for Fiscal year 2014, Including H.R. 3547, the Consolidated Appropriations Act, 2014, as posted on the website of the House Committee on Rules on January 13, 2014. [17]
These appropriations bills are classified as discretionary spending, and make up around 22% of federal expenditures. The remainder is classified as mandatory spending, which includes programs such as Social Security and Medicare, as well as interest on debt. [2]
Using the forecast from the month of each President's inauguration allows an evaluation of their budgetary performance using laws in place prior to their tenure, against actual results in the CBO historical tables: In January 2001, CBO forecast that the sum of the annual budget surplus or deficits from 2001–2008 (the G.W. Bush era) would be a ...
Discretionary spending for the 2012–2020 periods, as projected in the CBO's Budget and Economic Outlook publications from January 2010 and February 2013. The Budget Control Act of 2011 (which includes the sequester) is the primary difference.
Mandatory spending of the US Federal Government in 2023 Breakdown of discretionary outlays of US Federal Government for 2023 CBO projections of U.S. Federal spending as % GDP 2014-2024 A timeline showing projected debt milestones from the CBO Social Security – Ratio of Covered Workers to Retirees. Over time, there will be fewer workers per ...
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According to the Congressional Budget Office (CBO), annual mandatory spending will increase from $2.4 trillion in 2016 to $4.3 trillion by 2027. Though averaging about 10 percent of GDP since 1973, mandatory spending is projected to increase to about 14 percent of GDP by 2027. [ 12 ]