Table 2b—Unified Budget Effects
Year
Net Purchase or
Sale (negative)
of Equities1
Balancing
Tax Rate &
Estate Tax
(2010 only)
Other
Changes
in OASDI
Cash Flow
Change
in Annual
Unified Budget
Cash Flow
Change
in Debt
Held by
Public
(EOY)
Change
in Annual
Unified Budget
Balance
(Billions of Dollars, Present Value on 1-1-04  See Note Below)
2005
   
0.0
0.0
0.0
0.0
2006
18.1
0.0
1.7
-16.4
16.8
-16.8
2007
19.9
0.0
4.5
-15.4
32.6
-16.7
2008
21.7
0.0
7.1
-14.7
47.7
-16.7
2009
23.4
0.0
9.8
-13.5
61.6
-16.4
2010
26.0
18.0
13.4
5.4
56.1
2.3
2011
28.0
0.0
17.0
-11.0
67.4
-14.3
2012
29.6
0.0
20.4
-9.2
76.9
-13.0
2013
30.9
0.0
23.6
-7.3
84.4
-11.6
2014
32.1
0.0
26.4
-5.7
90.2
-10.4
2015
32.9
0.0
28.9
-4.0
94.3
-9.0
2016
33.4
0.0
31.3
-2.1
96.5
-7.3
2017
33.6
0.0
33.4
-0.1
96.7
-5.5
2018
33.4
0.0
35.2
1.8
94.8
-3.5
2019
32.8
0.0
37.0
4.1
90.6
-1.0
2020
31.9
0.0
38.5
6.6
83.8
1.8
2021
30.7
0.0
39.9
9.2
74.3
4.8
2022
29.3
0.0
41.2
11.9
62.1
8.1
2023
34.8
38.5
42.3
46.0
14.7
43.9
2024
33.7
38.0
43.3
47.7
-34.3
48.3
2025
32.3
37.5
44.1
49.3
-85.0
52.6
2026
1.3
37.0
44.8
80.5
-167.9
87.6
2027
-0.2
36.5
45.5
82.2
-252.5
93.9
2028
-1.5
36.0
46.1
83.6
-338.5
100.0
2029
-2.6
35.5
46.5
84.6
-425.6
105.9
2030
-3.6
35.0
46.8
85.4
-513.4
111.5
2031
-4.4
34.6
47.0
86.0
-601.9
117.0
2032
-5.1
34.1
47.2
86.5
-690.9
122.4
2033
-5.6
33.7
47.4
86.7
-780.1
127.6
2034
-6.0
33.2
47.5
86.7
-869.4
132.6
2035
-6.3
32.8
47.4
86.4
-958.3
137.2
2036
-6.4
32.3
47.2
85.9
-1,046.7
141.7
2037
-6.4
31.9
47.1
85.4
-1,134.6
146.0
2038
-6.4
31.5
46.9
84.7
-1,221.8
150.2
2039
-6.2
31.1
46.6
83.9
-1,308.1
154.3
2040
-6.1
30.6
46.0
82.8
-1,393.3
157.9
2041
-6.1
30.2
45.3
81.5
-1,477.2
161.3
2042
-6.0
29.8
44.6
80.4
-1,559.9
164.8
2043
-5.9
29.4
44.0
79.3
-1,641.5
168.2
2044
-5.9
28.9
42.9
77.7
-1,721.4
171.2
2045
-5.9
28.5
41.5
75.9
-1,799.5
173.8
2046
-6.0
28.0
40.1
74.1
-1,875.8
176.3
2047
-6.1
27.6
38.8
72.4
-1,950.3
178.8
2048
-6.2
27.1
37.5
70.8
-2,023.2
181.2
2049
-6.3
26.7
36.2
69.2
-2,094.4
183.6
2050
-6.4
26.3
34.9
67.5
-2,163.9
185.9
2051
-6.6
25.8
33.5
65.9
-2,231.7
188.1
2052
-6.8
25.4
32.2
64.4
-2,298.1
190.3
2053
-7.0
25.0
31.1
63.0
-2,362.9
192.6
2054
-7.2
24.6
29.9
61.7
-2,426.4
194.7
2055
-7.4
24.2
28.7
60.3
-2,488.4
196.9
2056
-7.6
23.8
27.5
58.9
-2,549.0
198.9
2057
-7.8
23.4
26.5
57.7
-2,608.4
201.0
2058
-8.0
23.0
25.5
56.5
-2,666.5
203.1
2059
-8.2
22.6
24.5
55.3
-2,723.4
205.1
2060
-8.3
22.2
23.5
54.1
-2,779.0
207.0
2061
-8.5
21.9
22.6
53.0
-2,833.5
208.9
2062
-8.6
21.5
21.7
51.9
-2,886.9
210.9
2063
-8.8
21.2
20.9
50.9
-2,939.3
212.8
2064
-8.9
20.8
20.1
49.9
-2,990.6
214.7
2065
-9.0
20.5
19.4
48.9
-3,040.9
216.5
2066
-9.1
20.1
18.7
47.9
-3,090.3
218.3
2067
-9.2
19.8
18.0
47.0
-3,138.7
220.1
2068
-9.3
19.5
17.4
46.1
-3,186.1
221.9
2069
-9.3
19.2
16.8
45.3
-3,232.7
223.6
2070
-9.4
18.8
16.2
44.4
-3,278.4
225.3
2071
-9.4
18.5
15.7
43.6
-3,323.3
227.0
2072
-9.4
18.2
15.2
42.8
-3,367.3
228.7
2073
-9.4
17.9
14.7
42.0
-3,410.5
230.3
2074
-9.4
17.6
14.2
41.2
-3,453.0
232.0
2075
-9.4
17.3
13.8
40.5
-3,494.7
233.6
2076
-9.4
17.0
13.4
39.8
-3,535.6
235.2
2077
-9.4
16.8
13.0
39.1
-3,575.9
236.7
2078
-9.4
16.5
12.6
38.4
-3,615.5
238.3
2079
-9.4
16.2
12.2
37.8
-3,654.3
239.8

1Reinvestment of dividends is not included in net purchase.

Note: Present Value discount at Treasury Bond yield
Based on Intermediate Assumptions of the 2004 Trustees Report
With Ultimate Real Trust Fund Yield Rate of 3.0
With Ultimate Real Treasury Bond Yield Rate of 3.0

Office of the Chief Actuary
Social Security Administration
April 13, 2005

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