Table 1b.cUnified Budget Effects
|
Year
|
Net Purchase or Sale (negative) of Equities
|
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 Constant 2004 Dollars)
|
|
2005
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
2006
|
20.0
|
0.0
|
1.9
|
-18.1
|
18.4
|
-18.6
|
|
2007
|
22.0
|
0.0
|
5.1
|
-16.9
|
36.0
|
-18.3
|
|
2008
|
23.9
|
0.0
|
8.3
|
-15.7
|
52.8
|
-18.0
|
|
2009
|
25.7
|
0.0
|
11.8
|
-13.9
|
68.3
|
-17.2
|
|
2010
|
28.7
|
22.1
|
16.5
|
9.9
|
60.1
|
6.4
|
|
2011
|
31.0
|
0.0
|
21.4
|
-9.6
|
71.5
|
-13.2
|
|
2012
|
32.9
|
0.0
|
26.5
|
-6.4
|
80.0
|
-10.6
|
|
2013
|
34.5
|
0.0
|
31.5
|
-3.0
|
85.2
|
-7.5
|
|
2014
|
35.9
|
0.0
|
36.2
|
0.4
|
87.3
|
-4.4
|
|
2015
|
36.8
|
0.0
|
40.8
|
4.0
|
85.7
|
-0.8
|
|
2016
|
37.3
|
0.0
|
45.4
|
8.1
|
80.0
|
3.4
|
|
2017
|
37.4
|
0.0
|
50.0
|
12.6
|
69.6
|
8.3
|
|
2018
|
37.1
|
0.0
|
54.3
|
17.2
|
54.3
|
13.6
|
|
2019
|
36.0
|
0.0
|
58.6
|
22.7
|
32.9
|
20.2
|
|
2020
|
34.3
|
0.0
|
63.0
|
28.7
|
4.8
|
27.6
|
|
2021
|
32.1
|
0.0
|
67.1
|
35.0
|
-30.6
|
35.7
|
|
2022
|
29.5
|
0.0
|
71.4
|
41.9
|
-74.0
|
44.9
|
|
2023
|
39.1
|
68.8
|
75.5
|
105.1
|
-182.9
|
112.5
|
|
2024
|
36.9
|
69.9
|
79.6
|
112.6
|
-302.7
|
126.5
|
|
2025
|
34.2
|
71.0
|
83.4
|
120.3
|
-433.9
|
141.3
|
|
2026
|
-30.9
|
72.2
|
87.3
|
190.4
|
-640.2
|
221.1
|
|
2027
|
-35.1
|
73.4
|
91.4
|
199.8
|
-862.2
|
242.8
|
|
2028
|
-39.0
|
74.5
|
95.3
|
208.9
|
-1,100.1
|
265.0
|
|
2029
|
-42.7
|
75.7
|
99.2
|
217.6
|
-1,353.9
|
287.8
|
|
2030
|
-46.3
|
76.9
|
102.7
|
225.9
|
-1,623.8
|
311.0
|
|
2031
|
-49.6
|
78.2
|
106.3
|
234.1
|
-1,910.1
|
335.1
|
|
2032
|
-52.8
|
79.4
|
110.0
|
242.2
|
-2,213.2
|
360.1
|
|
2033
|
-55.5
|
80.7
|
113.8
|
250.1
|
-2,533.5
|
385.8
|
|
2034
|
-58.1
|
82.0
|
117.4
|
257.5
|
-2,870.8
|
412.0
|
|
2035
|
-60.4
|
83.4
|
120.6
|
264.3
|
-3,225.2
|
438.6
|
|
2036
|
-62.4
|
84.7
|
123.7
|
270.8
|
-3,596.8
|
465.9
|
|
2037
|
-64.2
|
86.1
|
127.1
|
277.4
|
-3,986.2
|
494.2
|
|
2038
|
-65.7
|
87.6
|
130.4
|
283.7
|
-4,393.7
|
523.2
|
|
2039
|
-67.1
|
89.0
|
133.6
|
289.7
|
-4,819.6
|
553.1
|
|
2040
|
-68.7
|
90.4
|
135.7
|
294.8
|
-5,263.4
|
583.1
|
|
2041
|
-70.4
|
91.8
|
137.6
|
299.8
|
-5,725.6
|
614.0
|
|
2042
|
-72.1
|
93.2
|
139.7
|
305.0
|
-6,206.9
|
646.1
|
|
2043
|
-73.8
|
94.7
|
141.9
|
310.4
|
-6,708.1
|
679.6
|
|
2044
|
-75.8
|
96.1
|
142.5
|
314.4
|
-7,228.4
|
712.8
|
|
2045
|
-78.2
|
97.4
|
141.9
|
317.5
|
-7,767.5
|
746.2
|
|
2046
|
-80.7
|
98.7
|
141.2
|
320.6
|
-8,325.9
|
780.7
|
|
2047
|
-83.2
|
100.1
|
140.6
|
323.9
|
-8,904.4
|
816.5
|
|
2048
|
-85.8
|
101.4
|
140.2
|
327.4
|
-9,503.7
|
853.6
|
|
2049
|
-88.5
|
102.7
|
139.5
|
330.8
|
-10,124.5
|
891.9
|
|
2050
|
-91.5
|
104.1
|
138.3
|
333.9
|
-10,767.2
|
931.2
|
|
2051
|
-94.8
|
105.5
|
136.8
|
337.1
|
-11,432.3
|
971.7
|
|
2052
|
-98.2
|
106.8
|
135.6
|
340.7
|
-12,121.0
|
1,014.0
|
|
2053
|
-101.6
|
108.3
|
134.5
|
344.5
|
-12,834.2
|
1,057.9
|
|
2054
|
-105.2
|
109.7
|
133.4
|
348.3
|
-13,572.7
|
1,103.2
|
|
2055
|
-109.0
|
111.1
|
131.9
|
352.0
|
-14,337.2
|
1,149.9
|
|
2056
|
-112.9
|
112.6
|
130.4
|
355.9
|
-15,128.4
|
1,198.2
|
|
2057
|
-116.8
|
114.0
|
129.0
|
359.9
|
-15,947.5
|
1,248.3
|
|
2058
|
-120.7
|
115.5
|
127.8
|
364.1
|
-16,795.5
|
1,300.1
|
|
2059
|
-124.6
|
117.0
|
126.7
|
368.3
|
-17,673.1
|
1,353.6
|
|
2060
|
-128.5
|
118.5
|
125.4
|
372.4
|
-18,581.3
|
1,408.9
|
|
2061
|
-132.6
|
120.1
|
124.1
|
376.7
|
-19,521.0
|
1,465.9
|
|
2062
|
-136.7
|
121.6
|
122.9
|
381.3
|
-20,493.6
|
1,525.2
|
|
2063
|
-141.0
|
123.2
|
121.8
|
386.0
|
-21,500.1
|
1,586.5
|
|
2064
|
-145.3
|
124.8
|
120.7
|
390.7
|
-22,541.7
|
1,649.8
|
|
2065
|
-149.4
|
126.4
|
119.8
|
395.6
|
-23,619.4
|
1,715.2
|
|
2066
|
-153.6
|
128.1
|
118.9
|
400.5
|
-24,734.5
|
1,782.8
|
|
2067
|
-157.8
|
129.7
|
118.1
|
405.6
|
-25,888.2
|
1,852.8
|
|
2068
|
-161.9
|
131.5
|
117.3
|
410.7
|
-27,081.6
|
1,925.0
|
|
2069
|
-166.1
|
133.2
|
116.5
|
415.8
|
-28,316.0
|
1,999.5
|
|
2070
|
-170.1
|
134.9
|
116.1
|
421.1
|
-29,592.9
|
2,076.6
|
|
2071
|
-174.2
|
136.7
|
115.7
|
426.6
|
-30,913.7
|
2,156.3
|
|
2072
|
-178.3
|
138.5
|
115.3
|
432.1
|
-32,279.6
|
2,238.6
|
|
2073
|
-182.5
|
140.3
|
114.8
|
437.6
|
-33,692.1
|
2,323.6
|
|
2074
|
-186.8
|
142.1
|
114.4
|
443.2
|
-35,152.6
|
2,411.3
|
|
2075
|
-191.0
|
143.9
|
114.3
|
449.2
|
-36,663.1
|
2,502.3
|
|
2076
|
-195.2
|
145.8
|
114.2
|
455.2
|
-38,225.0
|
2,596.1
|
|
2077
|
-199.6
|
147.7
|
114.1
|
461.4
|
-39,840.0
|
2,693.1
|
|
2078
|
-203.9
|
149.6
|
114.1
|
467.6
|
-41,509.8
|
2,793.2
|
|
2079
|
-208.4
|
151.5
|
114.0
|
473.9
|
-43,236.0
|
2,896.6
|
Based on Intermediate Assumptions of the 2004 Trustees Report
With Ultimate Real Trust Fund Yield Rate of 3.7
With Ultimate Real Treasury Bond Yield Rate of 3.0
Office of the Chief Actuary
Social Security Administration
April 13, 2005