Table UB. (cont.) |
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Comparison of Direct (First-Order) Effects on the U.S. Government Unified Budget Balance of Changes in the Nontax Income, Outgo, and Investmentof the OASI, DI, and HI Trust Funds as a Result of Advisory Council Proposals |
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(all amounts in billions of current $) |
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Accumulated Change in U.S. Government Borrowing From the Public (with interest) (as of 1-1) |
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Interest on Additional U.S. Government Borrowing From the Public |
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Net Change in Direct Effect on U.S. Government Unified Budget Balance |
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Calendar
Year |
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=(5)-(9)-(16) MB (19) |
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=(6)-(17) IA (20) |
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=(7)-(8)-(18) PSA (21) |
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MB (13) |
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IA (14) |
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PSA (15) |
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MB (16) |
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IA (17) |
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PSA (18) |
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1998 |
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0 |
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0 |
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4 |
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5 |
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4 |
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-101 |
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1999 |
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-5 |
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-4 |
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101 |
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-1 |
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0 |
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12 |
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8 |
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5 |
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-121 |
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2000 |
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-13 |
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-9 |
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223 |
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-1 |
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-1 |
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21 |
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-13 |
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8 |
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-137 |
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2001 |
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-1 |
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-17 |
|
360 |
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0 |
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-2 |
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32 |
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-13 |
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11 |
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-155 |
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2002 |
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12 |
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-28 |
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515 |
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1 |
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-3 |
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43 |
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-13 |
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16 |
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-175 |
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2003 |
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25 |
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-44 |
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690 |
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2 |
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-4 |
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56 |
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-13 |
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23 |
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-192 |
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2004 |
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37 |
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-67 |
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882 |
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3 |
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-6 |
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69 |
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-13 |
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31 |
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-211 |
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2005 |
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50 |
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-98 |
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1093 |
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4 |
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-8 |
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83 |
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-13 |
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39 |
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-231 |
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2006 |
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63 |
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-137 |
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1324 |
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5 |
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-11 |
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97 |
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-15 |
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48 |
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-248 |
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2007 |
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78 |
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-186 |
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1571 |
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6 |
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-14 |
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111 |
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-18 |
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58 |
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-263 |
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2008 |
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96 |
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-244 |
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1834 |
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7 |
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-18 |
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125 |
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-22 |
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67 |
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-277 |
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2009 |
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118 |
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-310 |
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2111 |
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8 |
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-22 |
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140 |
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-25 |
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77 |
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-288 |
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2010 |
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143 |
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-387 |
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2400 |
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10 |
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-27 |
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158 |
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-29 |
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89 |
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-301 |
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2011 |
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172 |
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-477 |
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2701 |
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12 |
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-33 |
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177 |
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-32 |
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103 |
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-311 |
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2012 |
|
204 |
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-580 |
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3012 |
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14 |
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-40 |
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196 |
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-34 |
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119 |
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-320 |
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2013 |
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238 |
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-699 |
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3332 |
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16 |
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-47 |
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216 |
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-36 |
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136 |
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-325 |
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2014 |
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274 |
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-835 |
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3657 |
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18 |
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-57 |
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237 |
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-35 |
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157 |
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-330 |
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2015 |
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309 |
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-992 |
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3987 |
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16 |
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-67 |
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257 |
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106 |
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181 |
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-333 |
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2016 |
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203 |
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-1173 |
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4320 |
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9 |
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-79 |
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278 |
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131 |
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211 |
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-329 |
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2017 |
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72 |
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-1384 |
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4648 |
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0 |
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-93 |
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298 |
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160 |
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245 |
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-322 |
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2018 |
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-88 |
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-1630 |
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4970 |
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-11 |
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-110 |
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317 |
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193 |
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284 |
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-311 |
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2019 |
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-281 |
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-1914 |
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5281 |
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-24 |
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-129 |
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336 |
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229 |
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326 |
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-298 |
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2020 |
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-509 |
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-2240 |
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5580 |
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-40 |
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-150 |
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354 |
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269 |
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372 |
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-282 |
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2021 |
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-779 |
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-2612 |
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5862 |
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-58 |
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-175 |
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371 |
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314 |
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416 |
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-264 |
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2022 |
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-1093 |
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-3028 |
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6125 |
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-79 |
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-202 |
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387 |
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363 |
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463 |
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-243 |
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2023 |
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-1455 |
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-3490 |
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6368 |
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-103 |
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-232 |
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401 |
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416 |
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513 |
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-218 |
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2024 |
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-1871 |
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-4003 |
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6587 |
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-130 |
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-265 |
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414 |
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474 |
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568 |
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-190 |
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2025 |
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-2345 |
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-4571 |
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6777 |
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-162 |
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-302 |
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425 |
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536 |
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629 |
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-158 |
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2026 |
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-2881 |
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-5200 |
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6935 |
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-197 |
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-344 |
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434 |
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603 |
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700 |
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-123 |
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2027 |
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-3484 |
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-5900 |
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7058 |
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-236 |
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-389 |
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440 |
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673 |
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778 |
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-84 |
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2028 |
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-4157 |
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-6678 |
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7141 |
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-280 |
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-440 |
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444 |
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749 |
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864 |
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-40 |
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2029 |
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-4906 |
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-7542 |
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7181 |
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-329 |
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-497 |
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445 |
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829 |
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958 |
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9 |
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2030 |
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-5734 |
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-8501 |
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7172 |
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-383 |
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-559 |
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443 |
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914 |
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1062 |
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63 |
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2031 |
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-6648 |
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-9562 |
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7109 |
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Notes: |
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Based on the intermediate assumptions of the 1995 Trustees Report except for 0.21% lower CPI growth. |
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Returns on equities and bonds are assumed to be essentially constant at historical average rates. |
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Direct effects on the Unified Budget do not include possible effects on rates of return or rates of economic growth. |
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(19)&(20)&(21) Net effect on unified budget balance reflects changes in OASDI expenditures (including net equity purchases) |
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and tax income, plus the change in in U.S. Government borrowing from the public and the debt service (interest) |
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due to the changes in borrowing from the public. NonTrustFund taxes and expenditures are assumed unchanged. |
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Office of the Actuary
Social Security Administration |
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25-Oct-96 |
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www.socialsecurity.gov