2008 - Budget of the United States Government - Summary Tables

SUMMARY TABLES Table S–1. Budget Totals (Dollar amounts in billions) 2007 Budget Totals: Receipts............................................................. Outlays ............................................................... Deficit( )/Surplus(+) ................................ Gross Domestic Product (GDP) .................... Budget Totals as a Percent of GDP: Receipts............................................................. Outlays ............................................................... Deficit( )/Surplus(+) ................................ 2008 2009 2010 2011 2012 2013 THE BUDGET FOR FISCAL YEAR 2009 2,568 2,730 162 13,668 18.8% 20.0% 1.2% 2,521 2,931 410 14,312 17.6% 20.5% 2.9% 2,700 3,107 407 15,027 18.0% 20.7% 2.7% 2,931 3,091 160 15,792 18.6% 19.6% 1.0% 3,076 3,171 95 16,580 18.6% 19.1% 0.6% 3,270 3,222 +48 17,395 18.8% 18.5% +0.3% 3,428 3,399 +29 18,243 18.8% 18.6% +0.2% 139 Table S–2. Discretionary Funding by Category (Net budget authority; dollar amounts in billions) 2007 Actual Base Discretionary: Security Funding 1 ................................................................................... Non-Security Funding ............................................................................. Total, Discretionary ................................................................................... Enacted Supplemental and Emergency Funding: Global War on Terror ............................................................................... Gulf Coast/Hurricane Recovery ........................................................... Veterans Affairs.......................................................................................... Border Security and Other ..................................................................... Total, Enacted .............................................................................................. Proposed Supplemental and Emergency Funding: Global War on Terror ............................................................................... Gulf Coast/Hurricane Recovery ........................................................... Total, Proposed ........................................................................................... 498.0 382.0 880.0 173.6 7.7 1.8 9.3 192.3 2008 Enacted 549.6 391.7 941.4 89.4 5.9 3.7 5.4 104.4 108.1 — 108.1 70.0 5.8 75.8 2009 Request 594.5 393.0 987.6 Change from 2008 Amount +44.9 +1.3 +46.2 Percent +8.2% +0.3% +4.9% 140 Discretionary Outyears 2010 Base Discretionary: Security Funding 2 .......................................................................... Non-Security Funding 3 ................................................................ Total, Discretionary .......................................................................... 1 2 3 2011 613.2 393.0 1,006.2 2012 624.5 393.0 1,017.5 2013 636.5 393.0 1,029.5 SUMMARY TABLES 605.2 393.0 998.2 This category is comprised of funding for: the Department of Defense; Homeland Security activities Government-wide (see Table S–4); and International Affairs (Function 150). Department of Defense levels are consistent with the Future Years Defense Plan and Homeland Security levels are consistent with the Future Years Homeland Security Plan. These amounts exclude the budgetary effects of the Administration’s reauthorization proposal of the Federal Aviation Administration (FAA). The proposal would transform the current tax-financing system for FAA to a cost-based user-fee system. For more information, see the Transportation chapter in this volume and related sections in the Appendix and Analytical Perspectives. If this proposal were enacted, the Administration would adjust its discretionary cap proposal downward in these years to reflect the offsetting collections that would result from this user-based fee system. Table S–3. Discretionary Funding by Major Agency (Net budget authority; dollar amounts in billions) Change: Agency 2001 Actual 2008 2009 Enacted Request 2008–2009 Dollar Agriculture...................................................................................... Commerce ..................................................................................... Defense .......................................................................................... Education ....................................................................................... Energy ............................................................................................. Health and Human Services ................................................... Homeland Security ..................................................................... Housing and Urban Development ......................................... Interior ............................................................................................. Justice ............................................................................................. Labor................................................................................................ State and Other International Programs............................. Transportation............................................................................... Treasury .......................................................................................... Veterans Affairs ............................................................................ Corps of Engineers .................................................................... Environmental Protection Agency ......................................... Executive Office of the President .......................................... Judicial Branch ............................................................................. Legislative Branch....................................................................... National Aeronautics and Space Administration ............. National Science Foundation .................................................. Small Business Administration ............................................... Social Security Administration................................................ Other Agencies ............................................................................ Total, Discretionary Funding .................................................. THE BUDGET FOR FISCAL YEAR 2009 2001–2009 Average Cumulative +1.0% +6.1% +6.9% +5.0% +2.8% +3.4% +13.2% +3.9% +0.4% +1.2% 1.6% +7.3% 2.9% +2.4% +9.1% +0.1% 1.2% +3.9% +5.9% +7.0% +2.7% +5.6% 3.9% +4.3% +2.8% +5.5% +8.0% +60.4% +70.4% +47.6% +24.9% +30.2% +168.8% +35.7% +3.5% +10.4% 11.9% +76.2% 20.9% +20.6% +100.1% +1.2% 8.8% +35.9% +58.6% +71.6% +23.6% +54.7% 27.0% +40.0% +25.0% +53.4% Percent 4.8% +18.4% +7.5% +3.5% +4.7% 2.1% +7.7% +2.9% 3.7% 10.7% 7.8% +16.5% 25.7% +3.9% +13.5% 15.1% 4.4% +5.6% +8.1% +17.7% +2.9% +13.6% +15.5% +4.9% 9.0% +4.9% 19.2 5.1 302.5 40.1 20.0 54.0 14.0 28.4 10.3 18.4 11.9 21.7 14.6 10.3 22.4 4.7 7.8 0.3 4.0 2.8 14.3 4.4 0.9 6.0 5.8 643.8 21.8 6.9 479.5 57.2 23.9 71.9 34.9 37.4 11.0 22.7 11.4 32.9 15.5 12.0 39.4 5.6 7.5 0.3 5.8 4.0 17.1 6.0 0.6 8.0 8.0 941.4 20.8 8.2 515.4 59.2 25.0 70.4 37.6 38.5 10.6 20.3 10.5 38.3 11.5 12.5 44.8 4.7 7.1 0.4 6.3 4.7 17.6 6.9 0.7 8.4 7.2 987.6 1.1 +1.3 +36.0 +2.0 +1.1 1.5 +2.7 +1.1 0.4 2.4 0.9 +5.4 4.0 +0.5 +5.3 0.8 0.3 * +0.5 +0.7 +0.5 +0.8 +0.1 +0.4 0.7 +46.2 141 * $50 million or less. Note: Supplemental and emergency funding, both enacted and requested, is excluded. Table S–4. Homeland Security Funding by Agency (Budget authority in millions of dollars) 2007 Agency 1 142 2008 Enacted 571 207 17,375 1,830 4,300 30,093 3,273 1,962 206 117 271 138 143 205 374 212 122 72 93 236 61,800 17,375 2,871 — 5,338 36,216 Supplemental/ Emergency 2 — — — — — 2,641 250 — — — — — 225 — — — — — — — 3,116 — — — — 3,116 2009 Request 691 264 17,647 1,944 4,458 34,992 3,794 2,465 221 126 348 171 119 204 379 221 13 73 97 253 68,480 17,647 3,225 2,175 5,344 40,089 Actual 541 1,204 16,538 1,719 4,328 26,856 3,309 1,241 206 128 260 167 168 199 386 194 56 72 81 266 57,919 16,538 3,436 — 4,519 33,426 Supplemental/ Emergency — — — — — 2,695 210 — — — — — — — — — — — — — 2,905 — — — — 2,905 Agriculture.................................................................................... Commerce ................................................................................... Defense (DOD) .......................................................................... Energy ........................................................................................... Health and Human Services ................................................. Homeland Security ................................................................... Justice ........................................................................................... State............................................................................................... Transportation............................................................................. Treasury ........................................................................................ Veterans Affairs .......................................................................... Environmental Protection Agency ....................................... General Services Administration ......................................... National Aeronautics and Space Administration ........... National Science Foundation ................................................ Social Security Administration.............................................. Intelligence Community Management ............................... Nuclear Regulatory Commission......................................... Smithsonian Institution ............................................................ Other Agencies .......................................................................... Total, Homeland Security Funding .................................... Less, DOD ................................................................................... Less, Mandatory Homeland Security Funding 3 .......... Less, Funding for Project BioShield ................................... Less, Discretionary Fee-Funded Activities ...................... Net Non-DOD Discretionary Homeland Security ........ 1 2 3 SUMMARY TABLES For more detail on Homeland Security funding, see the Homeland Security Funding Analysis chapter in the Analytical Perspectives volume. Dollar amounts in this table are rounded to the nearest million at the account level, which accounts for any discrepancies with the Analytical Perspectives chapter. 2008 includes $0.2 billion that is part of the Administration’s pending emergency supplemental request for the Global War on Terror. 2007 mandatory Homeland Security programs include $1 billion from anticipated spectrum auction receipts appropriated in the Deficit Reduction Act of 2005 for the Department of Commerce to make grants to public safety agencies for communications interoperability purposes. Table S–5. Discretionary Program Terminations and Reductions (Budget authority and obligation limitations in millions of dollars) 2008 2009 Enacted Request Program Terminations: Department of Agriculture: Community Connect (Broadband) Grants ................................................................................................................................. Community Facility Grants .............................................................................................................................................................. Economic Impact Grants ................................................................................................................................................................. Farm Labor Housing Program ....................................................................................................................................................... Food and Nutrition Service—Commodity Supplemental Food Program........................................................................ Forest Service Economic Action ................................................................................................................................................... Forest Service Valles Caldera National Preserve .................................................................................................................. High Cost Energy Grants ................................................................................................................................................................. Rural Economic Development Loan and Grant Program..................................................................................................... Multifamily Housing Direct Loans ................................................................................................................................................. Public Broadcast Grants .................................................................................................................................................................. Research and Extension Grant Earmarks/Low Priority Programs ................................................................................... Resource Conservation and Development Program ............................................................................................................. Rural Business Grants ...................................................................................................................................................................... Section 9006, Renewable Energy Program .............................................................................................................................. Self-Help Housing Grants ................................................................................................................................................................ Single Family Housing Direct Loans............................................................................................................................................ Value Added Producer Grants ....................................................................................................................................................... Watershed Programs ........................................................................................................................................................................ Total, Department of Agriculture ............................................................................................................................................... Department of Commerce: Emergency Steel Guarantee Loan Program ............................................................................................................................ Manufacturing Extension Partnership ......................................................................................................................................... Public Telecommunications Facilities, Planning and Construction Grants .................................................................... Technology Innovation Program .................................................................................................................................................... Total, Department of Commerce .............................................................................................................................................. Department of Education: Academies for American History and Civics ............................................................................................................................ Advanced Credentialing ................................................................................................................................................................... 2009 Less 2008 THE BUDGET FOR FISCAL YEAR 2009 13 27 14 22 139 4 4 20 — 30 5 144 51 45 36 39 105 19 30 747 — 90 19 46 155 2 10 — — — — — — — — 39 — — — — — — — — — — 39 49 4 — — 45 — — 13 27 14 22 139 4 4 20 39 30 5 144 51 45 36 39 105 19 30 786 49 86 19 46 200 2 10 143 144 Table S–5. Discretionary Program Terminations and Reductions—Continued (Budget authority and obligation limitations in millions of dollars) 2008 2009 Enacted Request Alaska Native Education Equity .................................................................................................................................................... Alcohol Abuse Reduction ................................................................................................................................................................ Arts in Education ................................................................................................................................................................................ B.J. Stupak Olympic Scholarships ............................................................................................................................................... Byrd Honors Scholarships............................................................................................................................................................... Career and Technical Education National Programs............................................................................................................. Career and Technical Education State Grants ........................................................................................................................ Civic Education.................................................................................................................................................................................... Close-Up Fellowships ....................................................................................................................................................................... Comprehensive School Reform .................................................................................................................................................... Education for Native Hawaiians..................................................................................................................................................... Educational Technology State Grants ......................................................................................................................................... Elementary and Secondary School Counseling ..................................................................................................................... Even Start.............................................................................................................................................................................................. Excellence in Economic Education .............................................................................................................................................. Foundations for Learning ................................................................................................................................................................. Higher Education Demonstrations for Students with Disabilities ...................................................................................... Historic Whaling and Trading Partners ....................................................................................................................................... Javits Gifted and Talented Education .......................................................................................................................................... Leveraging Educational Assistance Programs ........................................................................................................................ Mental Health Integration in Schools .......................................................................................................................................... Mentoring Program ............................................................................................................................................................................ National Writing Project.................................................................................................................................................................... Parental Assistance Information Centers .................................................................................................................................. Perkins Loan Cancellations ............................................................................................................................................................ Physical Education ............................................................................................................................................................................. Projects with Industry ........................................................................................................................................................................ Reading is Fundamental .................................................................................................................................................................. Ready to Teach ................................................................................................................................................................................... School Leadership ............................................................................................................................................................................. Smaller Learning Communities ..................................................................................................................................................... Special Olympics Education Programs ...................................................................................................................................... 33 32 38 1 40 8 1,161 32 2 2 33 267 49 66 1 1 7 9 7 64 5 49 24 39 64 76 19 25 11 14 80 12 — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 2009 Less 2008 33 32 38 1 40 8 1,161 32 2 2 33 267 49 66 1 1 7 9 7 64 5 49 24 39 64 76 19 25 11 14 80 12 SUMMARY TABLES THE BUDGET FOR FISCAL YEAR 2009 Table S–5. Discretionary Program Terminations and Reductions—Continued (Budget authority and obligation limitations in millions of dollars) 2008 2009 Enacted Request State Grants for Incarcerated Youth ............................................................................................................................................ Strengthening Alaska Native/Native Hawaiian Institutions .................................................................................................. Supplemental Educational Opportunity Grants ....................................................................................................................... Supported Employment State Grants ......................................................................................................................................... Teacher Quality Enhancement ...................................................................................................................................................... Teachers for a Competitive Tomorrow......................................................................................................................................... Tech-Prep Education State Grants .............................................................................................................................................. Thurgood Marshall Legal Opportunity ........................................................................................................................................ Tribally Controlled Postsecondary Vocational Education ..................................................................................................... Underground Railroad Program .................................................................................................................................................... Vocation Rehabilitation—Migrant and Seasonal Farmworkers.......................................................................................... Vocation Rehabilitation—Recreational Programs................................................................................................................... Women’s Educational Equity .......................................................................................................................................................... Total, Department of Education ................................................................................................................................................ Department of Energy: Oil and Gas Research and Development .................................................................................................................................. University Nuclear Energy Program ............................................................................................................................................ Weatherization Assistance Program ........................................................................................................................................... Total, Department of Energy ...................................................................................................................................................... Department of Health and Human Services: Administration for Children and Families—Community Services Block Grant ............................................................. Administration for Children and Families—Other Community Service Programs....................................................... Administration for Aging—Alzheimer’s Demonstration Project .......................................................................................... Administration for Aging—Preventive Health Services ......................................................................................................... Centers for Disease Control—Preventive Health and Health Services Block Grant ................................................. Earmarks ............................................................................................................................................................................................... Health Resources and Services Administration—Childrens Hospital Graduate Medical Education Payments .......................................................................................................................................................................................... Health Resources and Services Administration—Maternal and Child Health Small Categorical Grants .......... Indian Health Service—Urban Indian Health Program ......................................................................................................... Total, Department of Health and Human Services ............................................................................................................ 22 12 757 29 34 2 103 3 8 2 2 2 2 3,261 25 15 243 283 654 45 11 21 97 451 302 40 35 1,656 — — — — — — — — — — — — — — — — — — — — — — — — — — — — 2009 Less 2008 22 12 757 29 34 2 103 3 8 2 2 2 2 3,261 25 15 243 283 654 45 11 21 97 451 302 40 35 1,656 145 146 Table S–5. Discretionary Program Terminations and Reductions—Continued (Budget authority and obligation limitations in millions of dollars) 2008 2009 Enacted Request Department of Housing and Urban Development: Brownfields ........................................................................................................................................................................................... Revitalization of Severely Depressed Public Housing (HOPE VI) .................................................................................... Rural Housing and Economic Development ............................................................................................................................. Section 108 Loan Program ............................................................................................................................................................. Total, Department of Housing and Urban Development .................................................................................................. Department of Justice: State Criminal Alien Assistance Program .................................................................................................................................. Total, Department of Justice ...................................................................................................................................................... Department of the Interior: Bureau of Indian Affairs—Housing Improvement Program ................................................................................................. Bureau of Indian Affairs—Johnson-O’Malley Assistance Grants ...................................................................................... Indian Land Consolidation Program ............................................................................................................................................ Land and Water Conservation Fund State Recreation Grants .......................................................................................... National Park Service Statutory Aid ............................................................................................................................................ Office of Surface Mining Reclamation Grants .......................................................................................................................... Rural Fire Assistance Program...................................................................................................................................................... Total, Department of the Interior ............................................................................................................................................... Department of Labor: Denali Commission Job Training Earmark ................................................................................................................................ Migrant and Seasonal Farmworkers Training Program ........................................................................................................ Susan Harwood Training Grants ................................................................................................................................................... Work Incentive Grants ...................................................................................................................................................................... Total, Department of Labor ......................................................................................................................................................... Environmental Protection Agency: Targeted Watershed Grants............................................................................................................................................................ Unrequested Water Infrastructure Projects............................................................................................................................... Total, Environment Protection Agency ................................................................................................................................... Other Agencies: Commission of Fine Arts, National Capital Arts and Cultural Affairs............................................................................... 10 100 17 5 132 410 410 14 21 10 25 7 20 6 103 7 80 10 14 111 10 133 143 8 — — — — — — — — — — — — — — — — — — — — — — — — 2009 Less 2008 10 100 17 5 132 410 410 14 21 10 25 7 20 6 103 7 80 10 14 111 SUMMARY TABLES 10 133 143 8 THE BUDGET FOR FISCAL YEAR 2009 Table S–5. Discretionary Program Terminations and Reductions—Continued (Budget authority and obligation limitations in millions of dollars) 2008 2009 Enacted Request National Veterans Business Development Corporation ....................................................................................................... Postal Service Forgone Revenue Appropriation ..................................................................................................................... Total, Other Agencies ................................................................................................................................................................... Total, Program Terminations ......................................................................................................................................................... 2009 Less 2008 1 29 38 7,123 1 29 38 7,039 — — — 84 Program Reductions: Department of Agriculture: Capital Improvement and Maintenance...................................................................................................................................... Distance Learning and Telemedicine Grants ........................................................................................................................... Forest Service Research and Grants .......................................................................................................................................... Housing Repair Loans ...................................................................................................................................................................... In-House Research Construction ................................................................................................................................................. In-House Research Programs ....................................................................................................................................................... Land Acquisition.................................................................................................................................................................................. Multifamily Housing Revitalization Vouchers ............................................................................................................................ National Forest System .................................................................................................................................................................... Water and Wastewater Grants ....................................................................................................................................................... Mandatory Reductions Providing Discretionary Offsets: Agricultural Management Assistance ..................................................................................................................................... Conservation Security Program................................................................................................................................................ Environmental Quality Incentives Program .......................................................................................................................... Funds for Strengthening Markets, Income, and Supply ................................................................................................... Total, Department of Agriculture ............................................................................................................................................... Department of Commerce: Economic Development Administration Grants ....................................................................................................................... Pacific Coastal Salmon Recovery ................................................................................................................................................ Total, Department of Commerce .............................................................................................................................................. Department of Education: 21st Century Learning Opportunities .......................................................................................................................................... Safe and Drug-Free Schools State Grants ............................................................................................................................... Teaching American History ............................................................................................................................................................. Total, Department of Education ................................................................................................................................................ 484 30 549 10 47 1,121 43 28 1,470 469 — — — — 4,251 243 67 310 1,081 295 118 1,494 406 20 378 5 54 1,037 6 20 1,350 220 10 80 220 293 2,745 100 35 135 800 100 50 950 78 10 171 5 101 84 37 48 120 249 10 80 220 293 1,506 143 32 175 281 195 68 544 147 148 Table S–5. Discretionary Program Terminations and Reductions—Continued (Budget authority and obligation limitations in millions of dollars) 2008 2009 Enacted Request Department of Health and Human Services: Health Resources and Services Administration—Health Professions Grants ............................................................. Health Resources and Services Administration—Rural Health ........................................................................................ Substance Abuse and Mental Health Services Administration—Programs of Regional and National Significance ...................................................................................................................................................................................... Mandatory Reduction Providing Discretionary Offsets: Social Services Block Grant....................................................................................................................................................... Total, Department of Health and Human Services ............................................................................................................ Department of Homeland Security: State and Local Support Programs.............................................................................................................................................. Total, Department of Homeland Security .............................................................................................................................. Department of Housing and Urban Development: Community Development Block Grant (including cancellation) ......................................................................................... Public Housing Capital Fund .......................................................................................................................................................... Total, Department of Housing and Urban Development .................................................................................................. Department of the Interior: Bureau of Indian Affairs—Roads .................................................................................................................................................. U.S. Geological Survey—Mineral Resources Program ........................................................................................................ Total, Department of the Interior ............................................................................................................................................... Department of Labor: Indian and Native American Training Program ........................................................................................................................ International Labor Affairs Bureau ............................................................................................................................................... Job Training Grants Consolidation ............................................................................................................................................... Office of Disability Employment Policy ....................................................................................................................................... Pilots, Demonstrations and Research ........................................................................................................................................ Senior Community Service Employment ................................................................................................................................... Total, Department of Labor ......................................................................................................................................................... Department of Transportation: Amtrak (Intercity Passenger Rail) ................................................................................................................................................. Essential Air Service ......................................................................................................................................................................... 2009 Less 2008 350 175 889 — 1,414 4,105 4,105 3,866 2,439 6,305 26 51 77 53 81 3,850 27 49 522 4,582 1,355 60 110 25 639 500 274 2,200 2,200 2,794 2,024 4,818 13 26 39 45 15 2,826 12 16 350 3,264 900 — 240 150 250 500 1,140 1,905 1,905 1,072 415 1,487 13 25 38 8 66 1,024 15 33 172 1,318 455 60 SUMMARY TABLES THE BUDGET FOR FISCAL YEAR 2009 Table S–5. Discretionary Program Terminations and Reductions—Continued (Budget authority and obligation limitations in millions of dollars) 2008 2009 Enacted Request Federal Aid Highways (obligation limitation) ............................................................................................................................. Railroad Rehabilitation and Improvement Financing Loan Program ............................................................................... Total, Department of Transportation ........................................................................................................................................ Environmental Protection Agency: Clean Water State Revolving Fund .............................................................................................................................................. Mexico Border Water Infrastructure Assistance ...................................................................................................................... Nonpoint Source Grants .................................................................................................................................................................. Total, Environmental Protection Agency ................................................................................................................................ National Aeronautics and Space Administration: Aeronautics Research ...................................................................................................................................................................... New Millennium Program................................................................................................................................................................. Total, National Aeronautics and Space Administration .................................................................................................... Small Business Administration: Microloan Program ............................................................................................................................................................................. Total, Small Business Administration ...................................................................................................................................... Other Agencies: Corporation for Public Broadcasting ............................................................................................................................................ Delta Regional Authority .................................................................................................................................................................. Denali Commission Direct Grant-Making .................................................................................................................................. National Archives and Records Administration—National Historical Publications and Records Commission ..................................................................................................................................................................................... Total, Other Agencies ................................................................................................................................................................... Total, Program Reductions ............................................................................................................................................................. ...................................................................................................................... 2009 Less 2008 1,817 — 2,332 134 10 16 160 82 54 136 17 17 248 6 20 10 284 11,042 18,165 41,216 — 42,631 689 20 201 910 627 58 685 17 17 448 12 26 10 496 67,277 74,316 39,399 — 40,299 555 10 185 750 545 4 549 — — 200 6 6 — 212 56,235 56,151 Total, Program Terminations and Reductions 149 Table S–6. Mandatory Proposals (In millions of dollars) Total 2009–2013 2009–2018 150 2008 Mandatory Proposals, including Savings and Augmentations: Agriculture: Reauthorize Farm Bill ....................................................... Charge Food Safety and Inspection Service user fees 1 .................................................................................. Charge Grain Inspection, Packers and Stockyards Administration user fees 1 ............................................ Charge crop insurance user fees 1 ............................... Charge Animal Welfare Act user fees 1....................... Implement country of origin labeling audit program: Receipts............................................................................. Spending ........................................................................... Net effect....................................................................... Extend Forest County Safety Net Payments ............ Total, Agriculture ............................................................. Education: Reform the Federal student aid programs: Restrict loans eligible for public sector loan forgiveness ................................................................... Eliminate the interest subsidy on loans eligible for income-based repayment ................................. Recall Perkins Loan balances ................................... Total, Education .............................................................. Energy: Repeal oil and gas research and development program ............................................................................. Health and Human Services: Reform Medicare ................................................................ Reform Medicaid ................................................................. Reauthorize State Children’s Health Insurance Program (SCHIP) 2 ........................................................ Fund high-risk health insurance pools ........................ 2009 2010 2011 2012 2013 107 — — — — — — — — 107 109 96 27 — 20 10 10 — — 34 620 98 30 15 27 10 10 — 100 550 790 100 30 15 27 10 10 — 60 678 895 102 31 15 28 10 10 — 40 759 115 104 32 15 29 10 10 — — 65 2,529 500 150 60 131 50 50 — 200 1,888 2,406 1,053 318 135 290 100 100 — 200 810 — — — — 1,387 260 1,116 2,763 29 47 698 775 21 45 735 801 16 48 821 885 11 56 792 859 1,464 457 4,162 6,083 1,485 788 7,220 9,493 SUMMARY TABLES — — 140 — — 20 12,437 1,767 2,260 50 40 26,875 2,924 3,005 75 50 39,798 3,758 4,010 25 50 45,741 4,305 4,680 — 50 53,384 4,671 5,315 — 210 178,235 17,425 19,270 150 300 556,373 46,748 50,000 150 THE BUDGET FOR FISCAL YEAR 2009 Table S–6. Mandatory Proposals—Continued (In millions of dollars) Total 2009–2013 6,528 2009–2018 15,028 2008 Eliminate Social Services Block Grant (SSBG) ....... Provide Temporary Assistance for Needy Families (TANF) supplemental grants and contingency fund for child welfare option ....................................... Improve child support enforcement collection tools..................................................................................... Extend Abstinence Education program ...................... Introduce Foster Care child welfare program option .................................................................................. Modify Foster Care District of Columbia Federal Medical Assistance Percentage (FMAP) Rate .... Charge Food and Drug Administration re-inspection and export certification fees 1 ........ Total, Health and Human Services .......................... Homeland Security: Propose a surcharge on the passenger security fee to fund baggage screening systems ................ Housing and Urban Development: Charge Government-Sponsored Enterprises oversight fee ..................................................................... Interior: Match National Park Centennial Challenge Fund gift receipts ....................................................................... Authorize Arctic National Wildlife Refuge leasing: State of Alaska’s share: Receipts ........................................................................ Expenditures ............................................................... Federal share: Receipts ........................................................................ Require up-front payment of coal bonus bids .......... Return to net receipts sharing for energy minerals ............................................................................. — 2009 — 2010 1,445 2011 1,683 2012 1,700 2013 1,700 — — 5 — — — 145 236 6 25 8 6 27 11,640 299 9 43 6 6 28 27,829 317 6 48 21 7 28 40,833 323 1 49 8 6 29 46,725 326 1 50 25 7 30 54,113 1,501 21 215 2 32 142 181,139 3,102 4 465 1 69 302 564,662 — 106 21 8 1 107 29 * — 6 6 6 6 6 30 60 — 20 55 80 100 100 355 855 — — — — — — — — 385 54 3,502 3,502 3,502 676 64 2 2 2 48 53 503 503 503 506 46 3 3 3 225 52 4,010 4,010 4,010 281 269 4,025 4,025 4,025 8 559 151 152 Table S–6. Mandatory Proposals—Continued (In millions of dollars) Total 2009–2013 161 161 45 66 115 96 4,718 2009–2018 239 322 95 136 230 17 4,470 2008 Repeal Energy Policy Act fee prohibition and mandatory permit funds............................................... Amend Bureau of Land Management (BLM) Federal land sale authority ......................................... Terminate BLM Range Improvement Fund ............... Increase fees for Migratory Bird Hunting and Conservation Stamps 3 ............................................... Recover Pick-Sloan project cost ................................... Implement a settlement to restore the San Joaquin River .................................................................................... Total, Interior .................................................................... Labor: Reform Pension Benefit Guaranty Corporation premiums .......................................................................... Recover Unemployment Insurance overpayments ......................................................................... Implement foreign labor certification user fees: Receipts............................................................................. Spending ........................................................................... Net effect....................................................................... Reform Federal Employees Compensation Act ...... Refinance the Black Lung Disability Trust Fund: Black Lung Disability Trust Fund .............................. Interest payments on repayable advances ........... Net effect....................................................................... Reform Trade Adjustment Assistance ......................... Total, Labor ....................................................................... Transportation: Modify financing of the Airport and Airway Trust Fund .................................................................................... Treasury: Improve payment transaction integrity ........................ Modernize cash investment practices ......................... 2009 2010 2011 2012 2013 — — — — — — — 35 2 6 10 23 14 461 36 20 9 14 23 177 4,438 30 61 10 14 23 19 18 30 41 10 14 23 19 14 30 37 10 14 23 29 213 — — — — — — — — — — — 380 — 95 95 — 10 2,288 2,288 — 6 384 2,217 470 95 95 — 14 411 411 — 3 2,698 2,093 504 95 95 — 21 398 398 — 8 2,610 2,127 356 95 95 — 15 392 392 — 1 2,497 2,056 362 95 95 — 12 388 388 — 3 2,433 8,873 1,692 475 475 — 72 699 699 — 15 10,622 18,514 3,632 950 950 — 288 1,201 1,201 — 81 22,515 SUMMARY TABLES — — — — 53 10 — 56 10 — 60 10 — 64 10 — 68 10 — 301 50 608 717 100 THE BUDGET FOR FISCAL YEAR 2009 Table S–6. Mandatory Proposals—Continued (In millions of dollars) Total 2009–2013 47 127 271 218 2009–2018 87 127 777 420 2008 Eliminate the 10-year statute of limitations on non-tax debt ..................................................................... Extend the rum carryover for Puerto Rico ................ Total, Treasury ................................................................. Veterans Affairs: Adopt third-party insurance co-payment offset 1 ..... Charge medical care enrollment fees for non-disabled higher-income veterans and increase pharmacy co-payments to align with other health care plans 1 .............................................. Total, Veterans Affairs ................................................... Corps of Engineers: Collect additional recreation user fees, lease receipts, and contributions: Receipts ........................................................................ Spending....................................................................... Net effect .................................................................. Commodity Futures Trading Commission: Charge user fees 1 .............................................................. Environmental Protection Agency: Increase or reinstate pesticide user fees and lift cap on pre-manufacture notice fee 1........................ Federal Communications Commission (FCC): Provide spectrum license fee authority ...................... Charge Ancillary Terrestrial Component spectrum fee ........................................................................................ Extend spectrum auction authority .............................. Auction domestic satellite spectrum ............................ Eliminate Telecommunications Development Fund .................................................................................... Total, FCC ......................................................................... 2009 2010 2011 2012 2013 — 75 75 — 15 102 24 44 8 25 49 44 8 — 78 44 8 — 82 43 8 — 86 43 — — 335 379 421 465 414 458 464 507 483 526 2,117 2,335 4,796 5,216 — — — — 9 — 9 96 17 8 9 100 17 17 — 103 17 17 — 107 17 17 — 111 77 59 18 517 162 144 18 1,130 — 50 30 — 250 5 335 52 150 60 — 100 6 316 56 300 100 — 100 7 507 55 300 125 — 75 7 507 55 400 125 200 20 7 752 45 450 125 200 15 7 797 263 1,600 535 400 310 34 2,879 502 4,081 1,160 1,400 343 69 7,053 153 154 Table S–6. Mandatory Proposals—Continued (In millions of dollars) Total 2009–2013 2009–2018 2008 Office of Personnel Management (OPM): Amend Federal Employee Health Benefits Program statute .............................................................. Improve equity and administration of the Federal retirement system .......................................................... Replace non-foreign cost of living adjustment with locality pay 3 ............................................................ Total, OPM ........................................................................ Social Security Administration (SSA): Extend temporarily length of time-limited Supplemental Security Income eligibility for refugees and asylees ................................................... Total, Mandatory Proposals including Savings and Augmentations ............................. Establish Social Security Personal Accounts (Off-Budget) ........................................................................... Outlay Effects of Tax Proposals: 3 Earned Income Tax Credit (EITC): Clarify uniform definition of a child ............................... Simplify EITC eligibility requirement regarding filing status, presence of children, and work and immigration status .......................................................... Provide a new standard deduction for health insurance ($15,000 for family coverage and $7,500 for individual coverage) ................................. Child Tax Credit: Clarify uniform definition of a child ............................... Reduce computational complexity of refundable child tax credit ................................................................. Total, Outlay Effects of Tax Proposals .................... 2009 2010 2011 2012 2013 — — — — 40 2 — 38 147 3 — 144 248 4 — 244 327 6 — 321 403 7 — 396 1,165 22 — 1,143 3,675 74 — 3,601 — 8 — 53 16,226 — 47 36,540 — 49 45,045 — — 51,241 — — 59,167 30,275 149 208,220 30,275 149 619,446 647,178 — — — — — — 6 232 186 3 — 37 182 31 3,688 78 377 3,082 168 17 3,173 72 380 2,570 168 15 2,586 72 388 1,973 183 13 1,889 78 392 1,249 695 156 11,522 297 1,537 8,837 1,838 144 8,518 SUMMARY TABLES 787 3,560 2,189 THE BUDGET FOR FISCAL YEAR 2009 Table S–6. Mandatory Proposals—Continued (In millions of dollars) Total 2009–2013 2009–2018 2008 Other Proposals and Indirect Effects: Provide six months of retroactivity for disability applications (off-budget) .................................................. Combine retroactive Old-Age, Survivors, and Disability Insurance benefits with monthly benefit payment (off-budget) ......................................................... Require full-time school attendance for child’s Social Security benefits at age 16 (off-budget) ..................... Simplify the benefit offset for combined beneficiaries of Disability Insurance and Workers Compensation (off-budget) ........................................................................... Improve enforcement of Windfall Elimination Provision/Government Pension Offset (off-budget) Eliminate Commodity Supplemental Food Program: Food Stamp impact (third scorecard) .......................... Reduce SSBG in 2009: TANF impact (third scorecard) ............................................................................. Eliminate SSBG as of 2010: TANF, Child Care, and Foster Care impact (third scorecard)........................... Increase program integrity efforts: Supplemental Security Income impact (third scorecard) ......................................................................... Disability Insurance impact (third scorecard) ........... Recover Unemployment Insurance overpayments .... Match National Park Centennial Challenge Fund gift receipts (third scorecard) ................................................ Transfer royalty oil to the Strategic Petroleum Reserve .................................................................................. Amend Federal Employee Health Benefits Program Reserve statue (third scorecard) .................................. Replace non-foreign cost of living adjustment with locality pay (third scorecard)........................................... 2009 2010 2011 2012 2013 — — — 71 850 10 530 29 88 828 51 161 936 62 167 1,046 69 172 3,411 1,061 598 9,732 1,357 1,566 — — — — — 4 — 52 28 — 35 — 63 5 49 84 — 55 28 120 152 144 50 5 147 240 316 46 — 181 515 460 266 — 399 1,100 2,533 455 — 804 — — — — — — — 119 4 — 20 — 81 2 892 58 67 55 — 173 8 1,627 242 140 80 — 239 15 1,525 457 146 100 795 289 23 750 517 151 100 — 333 31 4,913 1,278 504 355 795 1,115 79 6,480 3,527 1,363 855 17,958 3,214 361 155 156 Table S–6. Mandatory Proposals—Continued (In millions of dollars) Total 2009–2013 2009–2018 2008 Implement Rural Utilities Service Electric and Telecommunication Direct Loan legislative proposal: Federal Financing Bank Impact (third scorecard) ............................................................................. Morris K. Udall Scholarship Fund (third scorecard) ... Total, Other Proposals and Indirect Effects............... Grand Total ................................................................................. 2009 2010 2011 2012 2013 — — — 8 15 4 860 17,127 69 4 1,387 34,846 165 4 2,513 44,982 294 4 1,938 51,202 456 4 2,172 29,813 999 20 8,870 177,970 6,420 45 1,732 31,665 Memorandum: Outlay Effects of Tax Extensions Assumed in Baseline: 3 Child Tax Credit extension ................................................... Earned Income Tax Credit: marriage penalty relief .... Total ......................................................................................... — — — — — — — — — 48 382 334 13,554 1,852 15,406 13,584 1,849 15,433 27,186 3,319 30,505 95,920 12,604 108,524 * $500 thousand or less. 1 If enacted, the Administration would work to classify the receipts as discretionary offsets beginning in 2010. 2 Represents total cost of SCHIP reauthorization, including SCHIP and Medicaid costs, as well as spending resulting from outreach grants. 3 Affects both receipts and outlays. Only the outlay effect is shown here. For receipt effects, see Table S–7. SUMMARY TABLES Table S–7. Effect of Proposals on Receipts (In millions of dollars) Total 2009–2013 2009–2018 8,000 8,000 THE BUDGET FOR FISCAL YEAR 2009 2008 Economic growth package ................................................... 2009 20,000 2010 10,000 2011 8,000 2012 6,000 2013 4,000 125,000 Make Permanent Certain Tax Relief Enacted in 2001 and 2003 (assumed in the baseline): Dividends tax rate structure ............................................. Capital gains tax rate structure....................................... Expensing for small businesses ..................................... Marginal individual income tax rate reductions ........ Child tax credit 1 ................................................................. Marriage penalty relief 1 ................................................... Education incentives .......................................................... Repeal of estate and generation-skipping transfer taxes, and modification of gift taxes ......................... Other incentives for families and children ................... Total, make permanent certain tax relief enacted in 2001 and 2003 ........................................................ Tax Incentives: Simplify and encourage saving: Expand tax-free savings opportunities ........................ Consolidate employer-based savings accounts ....... Total, simplify and encourage saving ....................... Encourage entrepreneurship and investment: Increase expensing for small businesses ................... Invest in health care: Provide a new standard deduction for health insurance ($15,000 for family coverage and $7,500 for individual coverage) 1 .............................. Expand and make health savings accounts (HSAs) more flexible ...................................................................... Allow the orphan drug tax credit for certain pre-designation expenses 2 ........................................ Total, invest in health care ........................................... — — — — — — — 422 — 422 425 — — — — — — 2,502 — 2,077 5,554 4,094 — — — — — 3,453 6 13,095 24,361 17,416 4,160 75,160 5,062 5,117 738 26,409 364 158,787 4,616 3,683 5,810 119,341 20,357 7,715 1,339 57,639 678 221,178 13,873 8,461 4,288 123,794 20,777 7,001 1,413 59,670 678 239,955 47,979 33,654 14,258 318,295 46,196 19,833 3,490 149,673 1,714 635,092 196,413 104,804 26,537 1,007,667 155,731 46,939 11,540 521,982 5,157 2,076,770 — — — — 1,527 80 1,447 1,086 3,545 120 3,425 1,495 3,023 132 2,891 1,083 1,075 141 934 851 1,314 150 1,464 688 7,856 623 7,233 5,203 592 1,484 2,076 7,578 — — — — 23,002 420 — 23,422 28,412 779 — 29,191 22,680 931 — 23,611 15,360 1,031 — 16,391 4,692 1,123 — 5,815 94,146 4,284 — 98,430 41,051 11,511 — 29,540 157 158 Table S–7. Effect of Proposals on Receipts—Continued (In millions of dollars) Total 2009–2013 2009–2018 2008 Provide incentives for charitable giving: Permanently extend tax-free withdrawals from IRAs for charitable contributions................................ Permanently extend the enhanced charitable deduction for contributions of food inventory ........ Permanently extend the deduction for corporate donations of computer equipment for educational purposes ............................................................................ Permanently extend increased limits on contributions of partial interests in real property for conservation purposes ........................................... Permanently extend basis adjustment to stock of S corporations contributing appreciated property ... Reform excise tax based on investment income of private foundations ......................................................... Total, provide incentives for charitable giving ....... Strengthen education: Permanently extend the above-the-line deduction for qualified out-of-pocket classroom expenses... Allow the saver’s credit for contributions to qualified tuition programs ............................................................... Total, strengthen education ......................................... Strengthen housing: Expand tax-exempt qualified mortgage bond program to assist subprime borrowers .................... Protect the environment: Permanently extend expensing of Brownfields remediation costs ............................................................ Eliminate the volume cap for private activity bonds for water infrastructure .................................................. Total, protect the environment .................................... 2009 2010 2011 2012 2013 — 44 50 48 3 105 250 300 96 118 35 15 152 716 551 106 147 22 21 152 999 434 116 154 18 25 153 900 284 127 162 21 28 154 776 211 140 170 22 32 155 730 1,780 585 751 118 121 766 4,121 3,321 1,524 1,838 245 354 1,578 8,860 18 — 18 180 88 268 183 183 366 185 198 383 188 213 401 191 227 418 927 909 1,836 1,927 2,259 4,186 27 116 230 305 329 331 1,311 2,687 SUMMARY TABLES 180 — 180 501 — 501 356 3 359 343 6 349 327 10 337 284 15 299 1,811 34 1,845 2,870 214 3,084 THE BUDGET FOR FISCAL YEAR 2009 Table S–7. Effect of Proposals on Receipts—Continued (In millions of dollars) Total 2009–2013 2009–2018 2008 Restructure assistance to New York City for continued recovery from the attacks of September 11th: Provide tax incentives for transportation infrastructure ......................................................................... Total, tax incentives............................................................. Simplify the Tax Laws for Families: Clarify uniform definition of a child 1 ................................. Simplify EITC eligibility requirement regarding filing status, presence of children, and work and immigrant status 1 ................................................................ Reduce computational complexity of refundable child tax credit 1 .............................................................................. Total, simplify the tax laws for families ......................... Improve Tax Compliance: 2 Expand information reporting .............................................. Improve compliance by businesses .................................. Strengthen tax administration .............................................. Expand penalties...................................................................... Total, improve tax compliance......................................... Improve Tax Administration and Other Miscellaneous Proposals: Implement IRS administrative reforms and extend IRS authority to fund undercover operations 2 ......... Increase transparency of the cost of employer-provided health insurance 2 ......................... Equalize penalty standards between preparers and taxpayers ................................................................................ Eliminate the special exclusion from unrelated business taxable income for gain or loss on the sale or exchange of certain Brownfields ..................... Limit related party interest deductions ............................. 2009 2010 2011 2012 2013 — 475 — — — — — — — — — 200 24,862 6 35 — 41 302 3 — — 305 200 29,415 30 28 — 2 1,333 5 — — 1,338 200 23,940 38 26 — 12 2,227 5 3 — 2,235 200 18,351 17 24 — 7 2,960 5 6 — 2,971 200 9,945 23 23 — — 3,653 6 8 1 3,668 1,000 106,513 114 66 — 48 10,475 24 17 1 10,517 2,000 931 275 181 — 94 35,756 57 72 6 35,891 — — — — — — — — 2 64 — — 1 13 109 — — 2 16 115 — — 2 13 120 — — 2 11 126 — — 7 55 534 — — 17 66 1,267 159 160 Table S–7. Effect of Proposals on Receipts—Continued (In millions of dollars) Total 2009–2013 2009–2018 698 29,309 640 500 70 15 28,200 1,076 75,594 1,015 1,000 140 50 73,149 2008 Repeal excise tax on local telephone service ........... Modify financing of the Airport and Airway Trust Fund 3 ...................................................................................... Improve financing of the Inland Waterways Trust Fund 3 ...................................................................................... Anticipated receipt of donations to the National Park Service through the National Park Centennial Challenge Fund .................................................................... Increase fees for Migratory Bird Hunting and Conservation Stamps......................................................... Transition from the non-foreign cost-of-living adjustment to locality pay for employees in non-foreign areas ................................................................ Total, improve tax administration and other miscellaneous proposals 3 .......................................... 3 2009 — — — — — — — 248 — 109 100 14 1 42 2010 170 6,768 119 100 14 2 6,582 2011 118 7,106 127 100 14 3 6,851 2012 83 7,526 159 100 14 4 7,201 2013 79 7,909 126 100 14 5 7,608 Improve Unemployment Insurance: Strengthen the financial integrity of the unemployment insurance system by reducing improper benefit payments and tax avoidance 3 ....................................... Extend unemployment insurance surtax 3 ..................... Total, improve unemployment insurance 3 ................. Modify Energy Provisions: Repeal reduced recovery period for natural gas distribution lines ................................................................... Modify amortization for certain geological and geophysical expenditures ................................................. Total, modify energy provisions ...................................... Promote Trade: Implement free trade agreements and modify other trade-related provisions 3 ................................................. Extend Expiring Provisions: Minimum tax relief for individuals ....................................... — — — — 1,079 1,079 35 465 500 34 — 34 107 — 107 314 — 314 352 1,544 1,192 1,581 590 991 — 16 16 20 61 81 73 91 164 114 76 190 110 43 153 89 19 108 406 290 696 580 353 933 SUMMARY TABLES 86 11,673 1,653 60,908 2,319 14,216 2,674 — 2,408 — 2,426 — 11,480 46,692 20,380 46,692 THE BUDGET FOR FISCAL YEAR 2009 Table S–7. Effect of Proposals on Receipts—Continued (In millions of dollars) Total 2009–2013 2009–2018 51,459 39 66 965 2,663 578 133,060 39 30 1,287 2,663 578 2008 Research and experimentation tax credit ....................... First-time homebuyer credit for the District of Columbia................................................................................. Deferral of gains from sales of electric transmission property ................................................................................... New Markets tax credit .......................................................... Subpart F “active financing” exception ............................. Subpart F “look-through” exception................................... Exception for retirement plan distributions provided individuals called to active duty for at least 179 days 2 ....................................................................................... Disclosure of tax return information related to terrorist activity 2 .................................................................................. Disclosure of tax return information to the Department of Veterans Affairs 2 ........................................................... Excise tax on coal 3 ................................................................ Total, extend expiring provisions 3 ................................ Total budget proposals, including proposals assumed in the baseline 3 ................................................ Total budget proposals, excluding proposals assumed in the baseline 3 ................................................ 1 2 3 2009 7,071 20 66 132 1,598 347 2010 9,145 19 61 194 1,065 231 2011 10,601 — 10 191 — — 2012 11,809 — 31 217 — — 2013 12,833 — 40 231 — — 3,221 1 31 — — — — — — — 14,926 140,893 140,471 — — — — 70,142 117,186 115,109 — — — — 3,501 35,906 22,811 — — — — 10,802 192,583 33,796 — — — — 11,995 252,123 30,945 — — — — 13,024 265,496 25,541 — — — — 102,462 863,294 228,202 — — — 1,387 182,902 2,310,205 233,435 Affects both receipts and outlays. Only the receipt effect is shown here. For the outlay effect, see Table S–6. "Tax gap"-related proposals. Net of income offsets. 161 Table S–8. Budget Summary by Category (In billions of dollars) 2007 Actual Outlays: Discretionary: Security ................................................. Non-security ........................................ Total, discretionary ....................... Mandatory: Social Security: Current program ............................ Personal accounts ........................ Medicare............................................... Medicaid and SCHIP ....................... Other ...................................................... Total, mandatory ........................... Net interest............................................... Total, outlays ................................................ Receipts......................................................... Deficit( )/surplus(+) ............................. On-budget deficit ................................... Off-budget surplus................................. Estimate 2008 2009 2010 2011 2012 2013 162 594 448 1,042 656 481 1,137 730 482 1,212 646 455 1,100 619 440 1,059 623 432 1,056 633 429 1,062 581 — 371 197 302 1,451 237 2,730 2,568 162 343 181 610 — 391 211 338 1,551 244 2,931 2,521 410 602 192 644 — 408 224 360 1,636 260 3,107 2,700 407 611 204 681 — 422 239 368 1,711 280 3,091 2,931 160 384 224 720 — 455 256 387 1,818 294 3,171 3,076 95 335 241 763 — 449 276 378 1,866 300 3,222 3,270 48 203 251 812 30 500 297 395 2,034 302 3,399 3,428 29 201 230 SUMMARY TABLES Table S–9. Receipts by Source (In billions of dollars) 2007 Actual Individual income taxes ............................................................... Corporation income taxes .......................................................... Social insurance and retirement receipts ............................. (On-budget) ................................................................................. (Off-budget) ................................................................................. Excise taxes .................................................................................... Estate and gift taxes ..................................................................... 1,163.5 370.2 869.6 (234.5) (635.1) 65.1 26.0 Estimate 2008 1,219.7 345.3 910.1 (247.9) (662.2) 68.8 26.8 2009 1,259.0 339.2 949.4 (253.8) (695.6) 68.9 26.3 2010 1,417.3 338.9 1,004.0 (263.9) (740.2) 60.7 19.5 2011 1,499.0 356.8 1,059.7 (278.3) (781.4) 65.9 1.5 2012 1,599.9 391.3 1,111.4 (292.9) (818.6) 68.5 0.4 2013 1,709.1 379.8 1,168.5 (309.4) (859.1) 69.7 0.5 THE BUDGET FOR FISCAL YEAR 2009 Customs duties............................................................................... 26.0 29.2 29.1 30.8 32.5 35.0 37.0 Miscellaneous receipts ................................................................ 47.8 46.3 47.9 50.0 53.2 57.4 59.5 Economic growth package ......................................................... — 125.0 20.0 10.0 8.0 6.0 4.0 Total receipts ........................................................................... 2,568.2 2,521.2 2,699.9 2,931.3 3,076.4 3,269.9 3,428.2 (On-budget) ............................................................................ (1,933.2) (1,859.0) (2,004.4) (2,191.2) (2,295.1) (2,451.3) (2,569.1) (Off-budget) ............................................................................ (635.1) (662.2) (695.6) (740.2) (781.4) (818.6) (859.1) 163 Table S–10. Comparison of Economic Assumptions (Calendar years) Projections 2008 GDP (billions of current dollars): 2009 Budget .................................................. CBO January................................................. Blue Chip Consensus January ............... Real GDP (chain-weighted): 1 2009 Budget .................................................. CBO January................................................. Blue Chip Consensus January ............... Chain-weighted GDP Price Index: 1 2009 Budget .................................................. CBO January................................................. Blue Chip Consensus January ............... Consumer Price Index (all-urban): 1 2009 Budget .................................................. CBO January................................................. Blue Chip Consensus January ............... Unemployment rate: 2 2009 Budget .................................................. CBO January................................................. Blue Chip Consensus January ............... Interest rates: 2 91-day Treasury bills: 2009 Budget.............................................. CBO January ............................................ Blue Chip Consensus January........... 10-year Treasury notes: 2009 Budget.............................................. CBO January ............................................ Blue Chip Consensus January........... 14,480 14,330 14,449 2.7 1.7 2.2 1.9 1.9 2.1 2.7 2.9 2.9 4.9 5.1 5.0 2009 15,215 14,997 15,150 3.0 2.8 2.7 2.0 1.8 2.1 2.1 2.3 2.3 4.9 5.4 5.0 2010 15,987 15,812 15,906 3.0 3.5 2.8 2.0 1.8 2.1 2.3 2.2 2.3 4.8 5.1 4.8 2011 16,782 16,651 16,705 2.9 3.4 2.9 2.0 1.8 2.1 2.3 2.2 2.3 4.8 4.8 4.8 2012 17,603 17,453 17,551 2.8 2.9 2.9 2.0 1.9 2.1 2.3 2.2 2.3 4.8 4.8 4.8 2013 18,462 18,243 18,428 2.8 2.6 2.8 2.0 1.9 2.1 2.3 2.2 2.3 4.8 4.8 4.8 2.9 2.8 2.7 2.0 1.9 2.1 2.3 2.3 2.4 4.8 5.0 4.9 Average 2008–2013 164 3.7 3.2 3.4 4.6 4.2 4.3 3.8 4.2 3.9 4.9 4.9 4.8 4.0 4.6 4.5 5.1 5.2 5.2 4.1 4.7 4.5 5.2 5.2 5.2 4.1 4.7 4.5 5.3 5.2 5.2 4.1 4.7 4.5 5.3 5.2 5.2 4.0 4.3 4.2 5.1 5.0 5.0 SUMMARY TABLES Sources: Congressional Budget Office (CBO); Blue Chip Economic Indicators, Aspen Publishers, Inc. January 2008 Blue Chip Consensus forecast for 2008 and 2009; Blue Chip October 2007 long-run extension for 2010–2013. 1 Year-over-year percent change. 2 Annual average, percent. Table S–11. Federal Government Financing and Debt (Dollar amounts in billions) 2007 Actual Financing: Unified budget deficit( )/surplus(+) ................................................................... Financing other than borrowing from the public: Changes in: 1 Treasury operating cash balance( )......................................................... Checks outstanding, etc. 2 .......................................................................... Seigniorage on coins ........................................................................................... Credit net financing disbursements( ): Direct loan financing accounts .................................................................... Guaranteed loan financing accounts ........................................................ Net purchases of non-Federal securities by the National Railroad Retirement Investment Trust( ) .............................. Total, financing other than borrowing from the public..................... Total, requirement to borrow from the public................................. Change in debt held by the public....................................................................... Changes in Debt Subject to Statutory Limitation: Change in debt held by the public....................................................................... Change in debt held by Government accounts .............................................. Change in other factors .......................................................................................... Total, change in debt subject to statutory limitation ................................. Debt Subject to Statutory Limitation, End of Year: Debt issued by Treasury ......................................................................................... Adjustment for discount, premium, and coverage 3 .................................... Total, debt subject to statutory limitation 4 ................................................. THE BUDGET FOR FISCAL YEAR 2009 Estimate 2008 410 2009 407 2010 160 2011 95 2012 48 2013 29 162 23 2 1 8 9 3 44 206 206 206 293 2 501 8,926 4 8,921 30 — 1 10 3 2 17 393 393 393 310 * 704 9,629 4 9,625 — — 1 16 5 * 20 428 428 428 331 2 761 10,388 2 10,386 — — 1 15 1 * 15 175 175 175 366 1 542 10,929 * 10,928 — — 1 16 1 * 14 109 109 109 394 2 504 11,431 1 11,432 — — 1 17 2 * 18 30 30 30 442 2 413 11,843 3 11,845 — — 1 17 2 1 17 12 12 12 420 2 410 12,251 4 12,256 165 166 Table S–11. Federal Government Financing and Debt—Continued (Dollar amounts in billions) 2007 Actual Debt Outstanding, End of Year: Gross Federal debt: 5 Debt issued by Treasury .................................................................................... Debt issued by other agencies ........................................................................ Total, gross Federal debt ............................................................................... Held by: Debt held by Government accounts .............................................................. Debt held by the public 6 .................................................................................. As a percent of GDP ....................................................................................... Estimate 2008 2009 2010 2011 2012 2013 8,926 25 8,951 3,916 5,035 36.8% 9,629 25 9,654 4,226 5,429 37.9% 10,388 25 10,413 4,557 5,856 39.0% 10,929 26 10,954 4,923 6,031 38.2% 11,431 26 11,456 5,317 6,140 37.0% 11,843 25 11,868 5,759 6,110 35.1% 12,251 25 12,276 6,179 6,097 33.4% * $500 million or less. 1 A decrease in the Treasury operating cash balance (which is an asset) is a means of financing a deficit and therefore has a positive sign. An increase in checks outstanding (which is a liability) is also a means of financing a deficit and therefore also has a positive sign. 2 Besides checks outstanding, includes accrued interest payable on Treasury debt, uninvested deposit fund balances, allocations of special drawing rights, and other liability accounts; and, as an offset, cash and monetary assets (other than the Treasury operating cash balance), other asset accounts, and profit on sale of gold. 3 Consists mainly of Federal Financing Bank debt (which is not subject to limit), the unamortized discount (less premium) on public issues of Treasury notes and bonds (other than zero-coupon bonds), and the unrealized discount on Government account series securities. 4 The statutory debt limit is $9,815 billion, enacted on September 29, 2007. 5 Treasury securities held by the public and zero-coupon bonds held by Government accounts are almost all measured at sales price plus amortized discount or less amortized premium. Agency debt securities are almost all measured at face value. Treasury securities in the Government account series are otherwise measured at face value less unrealized discount (if any). 6 At the end of 2007, the Federal Reserve Banks held $779.6 billion of Federal securities and the rest of the public held $4,255.5 billion. Debt held by the Federal Reserve Banks is not estimated for future years. SUMMARY TABLES