Office of Management and Budget Print this document

SUMMARY TABLES

Table 7. BUDGET TOTALS
  2002 Actual Estimate
2003 2004 2005 2006 2007 2008
In billions of dollars:
    Receipts 1,853 1,756 1,797 2,033 2,215 2,360 2,480
    Outlays 2,011 2,212 2,272 2,338 2,452 2,573 2,706
        Deficit -158 -455 -475 -304 -238 -213 -226
    Gross Domestic Product (GDP) 10,337 10,746 11,266 11,829 12,413 13,024 13,671
As a percent of GDP:
    Receipts 17.9 16.3 16.0 17.2 17.8 18.1 18.1
    Outlays 19.5 20.6 20.2 19.8 19.8 19.8 19.8
        Deficit -1.5 -4.2 -4.2 -2.6 -1.9 -1.6 -1.7


Table 8. BUDGET SUMMARY BY CATEGORY
(In billions of dollars)
  2002 Actual Estimate
2003 2004 2005 2006 2007 2008
Outlays:
    Discretionary:
        Defense (050) 349 425 409 412 424 437 460
        Nondefense 385 434 439 445 450 457 461
          Total, Discretionary 734 858 848 857 874 894 922
    Mandatory:
        Social Security 452 471 492 512 533 556 584
        Medicare 228 244 259 277 309 334 357
        Medicaid and SCHIP 151 168 187 194 211 229 249
        Other 275 313 321 312 314 321 335
          Total, Mandatory 1,106 1,197 1,260 1,295 1,366 1,440 1,524
    Net interest 171 156 165 185 212 238 260
Total, Outlays 2,011 2,212 2,272 2,338 2,452 2,573 2,706
Receipts 1,853 1,756 1,797 2,033 2,215 2,360 2,480
    Deficit -158 -455 -475 -304 -238 -213 -226
On-budget deficit -317 -615 -639 -490 -441 -435 -464
Off-budget surplus 160 159 164 186 203 222 238


Table 9. IMPACT OF BUDGET POLICY
(In billions of dollars)
  Estimate
2003 2004 2005 2006 2007 2008 2004–2008
Current baseline deficit -455 -458 -241 -110 -78 -62 -949
Budget proposals:
    Defense and homeland security .......... -8 -19 -26 -29 -43 -125
    Extension of expiring tax provisions * -2 -26 -50 -35 -35 -150
    Strengthening Medicare .......... -6 -10 -33 -38 -43 -130
    Incentives for charitable giving -* -3 -2 -2 -2 -2 -11
    Health tax credits .......... -* -3 -6 -8 -8 -24
    Other proposals -* 2 -1 -5 -11 -14 -29
    Related debt service -* -* -1 -5 -12 -19 -37
        Subtotal, budget proposals -1 -17 -63 -127 -135 -164 -506
Budget deficit -455 -475 -304 -238 -213 -226 -1,455
  * $500 million or less.


Table 10. DISCRETIONARY TOTALS
(Budget authority; dollar amounts in billions)
  2002 Actual 2003 Enacted 2004 Estimate Change: 2003–2004
Dollar Percent
Discretionary budget authority:
    Homeland Security (nondefense) 13 23 28 5 20.3%
    Department of Defense 328 365 380 15 4.2%
    Other Operations of Government 351 367 374 7 2.0%
Total, Discretionary budget authority 691 755 782 27 3.6%

 

  2004 Estimate 2005 Estimate Change: 2004–2005
Dollar Percent
Total, Discretionary budget authority 782 813 31 4.0%

 

Assumptions:
    All totals include mass transit budget authority.
    2002: $686 billion enacted discretionary funding adjusted for $5 billion in technical reestimates. In addition, $44 billion was provided in Supplemental Acts, $29 billion for recurring purposes.
    2003: Excludes $79 billion that was provided in a Supplemental Act for the Iraq War and $10 billion that was provided in the Omnibus Appropriations Act as a Defense war reserve. Also excludes $1.9 billion in requested supplemental funding for disaster relief and other emergency activities.
    2004: Excludes $211 million that was provided in the 2003 Supplemental Act.


Table 11. HOMELAND SECURITY FUNDING BY AGENCY
(Budget authority in millions of dollars)
  2002
 2003
 2004 Estimate
Enacted Supplemental Enacted Supplemental
Nondefense Homeland Security Funding:
    Department of Agriculture 230 322 385 110 370
    Department of Commerce 99 19 111 .......... 153
    Department of Energy 1,067 153 1,251 167 1,361
    Department of Health and Human Services 433 1,480 3,603 142 3,776
    Department of Homeland Security 11,398 5,982 19,067 4,315 1 23,890
    Department of Justice 1,019 1,125 1,981 457 2,290
    Department of State 438 39 633 .......... 811
    Department of the Treasury 84 32 80 .......... 91
    Department of Transportation 635 785 382 .......... 284
    Department of Veterans Affairs 47 2 147 .......... 145
    Corps of Engineers .......... 139 36 39 104
    Environmental Protection Agency 13 174 107 .......... 124
    Social Security Administration 113 8 132 .......... 147
    National Aeronautics and Space Administration 114 109 163 .......... 170
    National Science Foundation 240 19 285 .......... 307
    Postal Service .......... 587
    Other Agencies 267 556 516 25 591
Total, Nondefense Homeland Security Funding 16,197 11,531 28,879 5,255 34,614
    Department of Defense-Military 4,423 733 8,866 .......... 2 6,717
Total, Homeland Security Funding, including Defense 20,620 12,264 37,745 5,255 41,331
Total, Homeland Security, including Defense 20,620 12,264 37,745 5,255 41,331
    Less Mandatory Homeland Security Funding 3 -1,656 .......... -2,003 .......... -2,874
    Less Discretionary Fee-Funded Activities 4 -1,828 .......... -3,410 626 1 -3,501
    Less Department of Defense-Military -4,423 -733 -8,866 .......... -6,717
Net Nondefense Discretionary Homeland Security Budget Authority 12,713 11,531 23,466 5,881 28,239
  1 Excludes $211 million in foregone TSA fees resulting from action in the 2003 Supplemental, but which are scored as lost revenue in 2004.
  2 Defense homeland security funding falls in 2004 due to one-time force-protection investments in 2003.
  3 Mandatory homeland security programs include Agriculture Quarantine and Inspections, Border Protection, and Immigration Enforcement.
  4 Discretionary fee-funded homeland security programs include Visa Processing, Airport Security, and Social Security physical and computer security measures.


Table 12. MANDATORY PROPOSALS
(In millions of dollars)
  Estimate
2003 2004 2005 2006 2007 2008 2004–2008 2004–2013
Medicare Modernization .......... 6,000 10,000 33,000 38,000 43,000 130,000 400,000
Medicaid/State Children's Health Insurance Program (SCHIP):
    Medicaid/SCHIP Reform .......... 3,258 1,053 1,664 1,213 1,756 8,944 -66
    Disability/New Freedom Initiatives .......... 180 184 197 212 221 993 1,338
    Medicaid Rebate Reform .......... -384 -432 -481 -531 -581 -2,409 -6,421
    Other Medicaid Proposals .......... 359 579 426 437 457 2,257 2,687
        Subtotal, Medicaid/SCHIP .......... 3,412 1,384 1,805 1,330 1,854 9,786 -2,462
Welfare Reform:
    Temporary Assistance for Needy Families Reauthorization -93 115 304 334 325 324 1,403 3,031
    Child Support Enforcement: Increase Collections and Improve Program Effectiveness .......... -61 -47 10 51 48 2 221
    Child Welfare Program Option .......... 31 88 127 -13 -205 28 40
    Extend Abstinence Education .......... 14 37 42 47 36 176 200
        Subtotal, Welfare Reform -93 99 382 514 410 204 1,609 3,492
Other Proposals:
    Agriculture:
        Limit Conservation Security Program .......... .......... -215 -332 -447 -603 -1,597 -5,200
        Forest Service Recreation Fee Proposal .......... .......... -17 -12 -7 -2 -38 22
        School Lunch: Require Third-Party Verification of Income and Reinvest Program Savings .......... .......... .......... .......... .......... .......... .......... ..........
        Subtotal, Agriculture .......... .......... -232 -344 -454 -605 -1,635 -5,178
    Education:
        Teacher Loan Forgiveness .......... 178 47 50 54 55 384 696
    Energy:
        Power Marketing Associations to directly fund Corps of Engineers' operations and maintenance expenses 149 145 148 151 154 158 756 1,603
        Arctic National Wildlife Refuge (ANWR), Lease Bonuses .......... .......... -1,200 .......... .......... .......... -1,200 -1,200
          Subtotal, Energy 149 145 -1,052 151 154 158 -444 403
    Homeland Security:
        Extend Bureau of Customs and Border Protection User Fees .......... -1,398 -1,490 -1,588 -1,692 -1,804 -7,972 -18,939
        Vaccine Biodefense .......... 575 840 790 635 578 3,418 5,593
          Subtotal, Homeland Security .......... -823 -650 -798 -1,057 -1,226 -4,554 -13,346
    Interior:
        ANWR, Lease Bonuses:
      State of Alaska's Share:
        Receipts .......... .......... -1,201 -1 -101 -1 -1,304 -1,588
        Expenditure .......... .......... 1,201 1 101 1 1,304 1,588
          Federal Share .......... .......... -1 -1 -101 -1 -104 -388
        Compact of Free Association—financial assistance .......... 19 20 21 22 23 105 235
        Permanent Recreation Fee Authority .......... .......... -11 14 49 90 142 602
        Correct trust accounting deficiencies in individual Indian money investments 7 .......... .......... .......... .......... .......... .......... ..........
        Increase Indian Gaming Commission Fees 1 .......... .......... 3 4 4 5 16 41
        Bureau of Land Management Land Sale Authority:
          Receipts .......... -10 -25 -34 -42 -50 -161 -444
          Expenditure .......... .......... .......... 10 25 34 69 337
        Subtotal, Interior 7 9 -14 14 -43 101 67 383
    Labor:
        Personal Re-employment Accounts 800 2,800 .......... .......... .......... .......... 2,800 2,800
        Reform Unemployment Insurance Administration .......... -11 5 -17 792 1,724 2,493 16,469
        Reform Federal Employees Compensation Act .......... -10 -17 -16 -9 -8 -60 -130
        Refinance Black Lung Disability Trust Fund Debt:
          Black Lung Disability Trust Fund .......... 1,851 -444 -433 -429 -423 122 -1,913
          Interest Receipts on Repayable Advances .......... -1,851 444 433 429 423 -122 1,913
        Subtotal, Labor 800 2,779 -12 -33 783 1,716 5,233 19,139
    Transportation:
        Federal-aid Highway Program: Increase Emergency Relief .......... 27 68 84 94 100 373 873
    Treasury:
        Pay financial institutions for their services in lieu of providing compensating balances:
          Financial Agent Reimbursement Fund .......... 386 396 400 408 416 2,006 4,169
          Interest on Treasury Debt Securities .......... -415 -405 -405 -405 -405 -2,035 -4,185
        Subtotal, compensating balances .......... -29 -9 -5 3 11 -29 -16
        Internal Revenue Service Collection Contractor Support .......... 2 96 146 146 146 536 1,266
        Move Asset Forfeiture Fund to the Department of Justice:
          Treasury Asset Forfeiture Fund .......... -221 -221 -221 -221 -221 -1,105 -2,210
          Justice Asset Forfeiture Fund .......... 221 221 221 221 221 1,105 2,210
        Extend the Rum Carryover for Puerto Rico .......... 57 78 19 .......... .......... 154 154
        Outlay Effects of Refundable Tax Credits: 1
          Child Tax Credit .......... 35 35 4,080 3,969 3,882 12,001 37,980
          Earned Income Tax Credit .......... .......... .......... .......... .......... .......... .......... 3,292
          Education Credit .......... 185 464 602 668 740 2,659 3,054
          Health Credit .......... 2 2,345 5,509 7,100 7,431 22,387 67,104
        Subtotal, refundable tax credits .......... 222 2,844 10,191 11,737 12,053 37,047 111,430
          Subtotal, Treasury .......... 252 3,009 10,351 11,886 12,210 37,708 112,834
    Veterans Affairs:
        Reverse Allen Case providing compensation for drug and alcohol abuse related disabilities .......... -47 -135 -201 -242 -264 -888 -2,424
        Payment of full compensation to New Philippine Scouts and DIC survivors of Filipino veterans if they reside in the United States .......... 3 4 4 4 5 19 46
        Eliminate the "45 Day Rule" for Death Pension .......... 1 1 1 1 1 6 13
        Revision to Montgomery G.I. Bill to Provide for On-the-Job Training in Self-Employment .......... * * * * * 2 4
        Retroactivity for Second Headstone or Marker Benefit .......... 5 3 3 1 1 13 13
        Allow states to receive a burial plot allowance for all veterans buried at no cost in state veterans cemeteries .......... * * * * * 2 4
        Alternate Beneficiary to Claim National Service Life Insurance and Veterans Special Life Insurance Policy Proceeds .......... .......... .......... 6 5 4 15 17
        Amend the law to provide the same extension of time for using education benefits for members of the National Guard .......... * * * 1 1 3 5
        Move Transitional Housing Program from a mandatory loan to a discretionary grant program .......... -5 -10 -10 -10 -5 -40 -40
          Subtotal, Veterans Affairs .......... -43 -137 -197 -239 -258 -869 -2,362
    Federal Communications Commission (FCC):
        Analog Spectrum Lease Fee .......... .......... .......... .......... -500 -500 -1,000 -2,530
        Extend Spectrum Auction Authority and Authorize Other Economic Mechanisms (Fees) .......... .......... -10 -25 1,950 1,900 3,815 -4,060
          Subtotal, FCC .......... .......... -10 -25 1,450 1,400 2,815 -6,590
    Federal Deposit Insurance Corporation:
        Merge Bank Insurance Fund and Savings Association Insurance Fund .......... 420 1,048 -34 -38 -12 1,384 1,494
    Office of Personnel Management:
        Simplify computation of annuities under the Civil Service Retirement System for part-time service .......... 3 8 14 20 27 72 313
    Social Security Administration (SSA):
        Close Loophole that Allows Some Workers to Avoid Government Pension Offset .......... .......... .......... -5 -5 -10 -20 -90
        Reduce Improper Payments by Requiring Reporting of Non-Social Security Covered Pension Income .......... .......... .......... -195 -295 -260 -750 -2,180
        Compensation for 2000–01 Military Wage Credits:
          On-budget .......... 730 .......... .......... .......... .......... 730 730
          Off-budget .......... -730 .......... .......... .......... .......... -730 -730
        Supplemental Security Income Pre-Effectuation Reviews and Other Technical Adjustments .......... .......... -16 -36 -57 -85 -194 -1,062
          Subtotal, SSA .......... .......... -16 -236 -357 -355 -964 -3,332
    Multi-Agency:
        Spectrum Relocation Fund .......... .......... 200 400 500 600 1,700 2,500
    Indirect Impact of Other Proposals (Third Scorecard):
        Medicare Program Management User Fee Effects on Supplemental Medical Insurance Premiums .......... .......... 35 12 .......... .......... 47 298
        Other .......... -2 -2 -7 -7 -6 -24 -52
Total, Mandatory Proposals 863 12,456 14,056 44,721 52,486 58,963 182,687 509,103
    Total, Excluding Medicare Modernization 863 6,456 4,056 11,721 14,486 15,963 52,687 109,103
  1 Affects both receipts and outlays. Only the outlay effect is shown here.
  * $500,000 or less.


Table 13. RECEIPTS PROPOSALS
(In millions of dollars)
  Estimate
2003 2004 2005 2006 2007 2008 2004–08 2004–13
Expiring Provisions:
    Extend certain provisions of the 2003 jobs and growth tax cut:
        Temporarily extend through 2010:
          10–percent individual income tax rate bracket .......... .......... -3,900 -5,848 -6,296 -4,043 -20,087 -27,012
          Marriage penalty relief .......... .......... -5,374 -6,610 -3,733 -1,795 -17,512 -17,947
          Child tax credit 1 .......... .......... -2,139 -8,797 -8,830 -8,809 -28,575 -41,057
        Permanently extend:
          Expensing for small business .......... .......... 226 -3,336 -5,711 -4,102 -12,923 -23,742
          Dividends tax rate structure 98 429 340 344 354 528 1,995 -57,523
          Capital gains tax rate structure .......... .......... .......... .......... .......... -5,195 -5,195 -44,032
        Total extend certain provisions of the 2003 jobs and growth tax cut 98 429 -10,847 -24,247 -24,216 -23,416 -82,297 -211,313
    Permanently extend provisions expiring in 2010:
          Marginal individual income tax rate reductions .......... .......... .......... .......... .......... .......... .......... -273,225
          Child tax credit 2 .......... .......... .......... .......... .......... .......... .......... -48,837
          Marriage penalty relief 3 .......... .......... .......... .......... .......... .......... .......... -22,587
          Education incentives -1 -2 -5 -7 -10 -13 -37 -4,381
          Repeal of estate and generation-skipping transfer taxes, and modification of gift taxes 50 -297 -680 -1,122 -1,267 -1,316 -4,682 -117,176
          Modifications of pension plans .......... .......... .......... .......... .......... .......... .......... -1,301
          Other incentives for families and children .......... .......... .......... .......... .......... .......... .......... -2,350
        Total permanently extend provisions expiring in 2010 49 -299 -685 -1,129 -1,277 -1,329 -4,719 -469,857
    Extend other expiring provisions:
          Combined work opportunity/welfare-to-work tax credit .......... -52 -191 -255 -172 -91 -761 -830
          Minimum tax relief for individuals .......... -100 -10,451 -15,452 .......... .......... -26,003 -26,003
          DC tax incentives .......... -43 -95 -53 -8 -7 -206 -348
          Authority to issue Qualified Zone Academy Bonds .......... -2 -9 -15 -22 -28 -76 -226
          Deduction for corporate donations of computer technology .......... -74 -127 -52 .......... .......... -253 -253
          Net operating loss offset of 100 percent of alternative minimum taxable income -82 -1,183 -721 -96 194 147 -1,659 -1,174
          IRS user fees .......... 68 81 6 .......... .......... 155 155
          Abandoned mine reclamation fees .......... .......... 308 313 319 325 1,265 2,978
          Research & Experimentation (R&E) tax credit .......... -1,005 -3,278 -5,187 -6,291 -7,129 -22,890 -67,922
          Suspension of disallowance of certain deductions of mutual life insurance companies .......... -93 -103 -48 -33 -18 -295 -459
          Total extend other expiring provisions -82 -2,484 -14,586 -20,839 -6,013 -6,801 -50,723 -94,082
            Total expiring provisions 65 -2,354 -26,118 -46,215 -31,506 -31,546 -137,739 -775,252
Tax Incentives:
        Provide incentives for charitable giving:
          Provide charitable contribution deduction for nonitemizers -180 -1,358 -1,062 -1,103 -1,111 -1,144 -5,778 -11,901
          Permit tax-free withdrawals from IRAs for charitable contributions -116 -770 -625 -619 -601 -607 -3,222 -6,275
          Expand and increase the enhanced charitable deduction for contributions of food inventory -34 -71 -78 -86 -95 -104 -434 -1,129
          Reform excise tax based on investment income of private foundations -18 -296 -191 -192 -197 -205 -1,081 -2,342
          Modify tax on unrelated business taxable income of charitable remainder trusts -1 -3 -4 -4 -4 -4 -19 -51
          Modify basis adjustment to stock of S corporations contributing appreciated property .......... -10 -9 -12 -15 -17 -63 -195
          Repeal the $150 million limitation on qualified 501(c)(3) bonds -1 -6 -9 -10 -9 -9 -43 -82
          Repeal restrictions on the use of qualified 501(c)(3) bonds for residential rental property .......... -2 -6 -11 -17 -24 -60 -276
          Total provide incentives for charitable giving -350 -2,516 -1,984 -2,037 -2,049 -2,114 -10,700 -22,251
        Strengthen and reform education:
          Provide refundable tax credit for certain costs of attending a different school for pupils assigned to failing public schools 4. .......... -11 -25 -32 -35 -38 -141 -161
          Extend, increase and expand the above-the-line deduction for qualified out-of-pocket classroom expenses .......... -23 -229 -240 -249 -260 -1,001 -2,352
          Total strengthen and reform education .......... -34 -254 -272 -284 -298 -1,142 -2,513
        Invest in health care:
          Provide refundable tax credit for the purchase of health insurance 5 .......... -13 -652 -572 -475 -264 -1,976 -1,883
          Provide an above-the-line deduction for long-term care insurance premiums .......... -89 -444 -786 -1,564 -2,510 -5,393 -23,052
          Allow up to $500 in unused benefits in a health flexible spending arrangement to be carried forward to the next year .......... -367 -640 -723 -782 -830 -3,342 -8,385
          Provide additional choice with regard to unused benefits in a health flexible spending arrangement .......... -19 -33 -39 -45 -52 -188 -595
          Permanently extend and reform Archer MSAs .......... -26 -284 -432 -486 -549 -1,777 -5,134
          Provide an additional personal exemption to home caregivers of family members .......... -68 -459 -480 -390 -390 -1,787 -3,777
          Allow the orphan drug tax credit for certain pre-designation expenses -* -* -* -* -* -* –1 –2
          Total invest in health care -* -582 -2,512 -3,032 -3,742 -4,595 -14,463 -42,826
        Encourage telecommuting:
          Exclude from income the value of employer-provided computers, software and peripherals .......... -26 -48 -49 -48 -52 -223 -636
        Increase housing opportunities:
          Provide tax credit for developers of affordable single-family housing .......... -7 -80 -320 -759 -1,329 -2,495 -16,276
        Encourage saving:
          Establish Individual Development Accounts (IDAs) .......... .......... -124 -267 -319 -300 -1,010 -1,347
          Expand tax-free savings opportunities 1,208 9,283 4,309 1,840 -258 -1,307 13,867 4,366
          Consolidate employer-based savings accounts .......... -163 -242 -256 -271 -287 -1,219 -8,312
          Total encourage saving 1,208 9,120 3,943 1,317 -848 -1,894 11,638 -5,293
        Protect the environment:
          Permanently extend expensing of brownfields remediation costs .......... -185 -281 -266 -256 -247 -1,235 -2,347
          Exclude 50 percent of gains from the sale of property for conservation purposes .......... -17 -34 -36 -37 -39 -163 -399
          Total protect the environment .......... -202 -315 -302 -293 -286 -1,398 -2,746
        Increase energy production and promote energy conservation:
          Extend and modify the tax credit for producing electricity from certain sources -124 -264 -358 -217 -102 -104 -1,045 -1,592
          Provide tax credit for residential solar energy systems -4 -7 -10 -18 -25 -11 -71 -71
          Modify treatment of nuclear decommissioning funds -12 -220 -179 -189 -200 -211 -999 -2,220
          Provide tax credit for purchase of certain hybrid and fuel cell vehicles -13 -49 -219 -493 -794 -633 -2,188 -2,973
          Provide tax credit for energy produced from landfill gas -5 -29 -67 -91 -103 -116 -406 -731
          Provide tax credit for combined heat and power property -8 -92 -70 -70 -80 -17 -329 -289
          Provide excise tax exemption (credit) for ethanol 6 .......... .......... .......... .......... .......... .......... .......... ..........
          Total increase energy production and promote energy conservation -166 -661 -903 -1,078 -1,304 -1,092 -5,038 -7,876
              Total tax incentives 692 5,092 -2,153 -5,773 -9,327 -11,660 -23,821 -100,417
Trade, Tax Administration and Unemployment Insurance:
        Promote trade:
          Implement free trade agreements with Chile and Singapore 7 .......... -33 -55 -70 -85 -100 -343 -859
        Improve tax administration:
          Implement IRS administrative reforms .......... 61 41 43 45 46 236 486
          Permit private collection agencies to engage in specific, limited activities to support IRS collection efforts .......... .......... 39 101 138 125 403 1,225
          Combat abusive tax avoidance transactions 1 22 64 91 94 95 366 892
          Limit related party interest deductions .......... 11 109 198 251 307 876 3,434
          Total improve tax administration 1 94 253 433 528 573 1,881 6,037
        Reform unemployment insurance:
          Reform unemployment insurance administrative financing 7 .......... .......... -1,066 -1,403 -2,973 -2,345 -7,787 -12,899
          Total trade, tax administration and unemployment insurance 1 61 -868 -1,040 -2,530 -1,872 -6,249 -7,721
Other Proposals:
        Deposit full amount of excise tax imposed on gasohol in the Highway Trust Fund 7 .......... .......... .......... 561 579 595 1,735 4,938
        Increase Indian gaming activity fees .......... .......... 3 4 4 5 16 41
          Total other proposals .......... .......... 3 565 583 600 1,751 4,979
Simplify the Tax Laws for Families:
        Establish uniform definition of a qualifying child 8 -38 -37 -25 -15 -16 -6 -99 ..........
        Simplify adoption tax provisions -4 -36 -37 -39 -40 -42 -194 -428
          Total simplify the tax laws for families -42 -73 -62 -54 -56 -48 -293 -428
Reauthorize Funding for the Highway Trust Fund:
        Impose additional registration requirements on the transfer of tax-exempt fuel by pipeline, vessel, or barge 7 .......... 49 73 79 81 81 363 778
        Repeal installment method for payment of heavy highway vehicle use tax 7 .......... 404 31 31 32 31 529 709
        Allow tax-exempt financing for private highway projects and rail-truck transfer facilities .......... -6 -22 -49 -77 -94 -248 -621
        Total reauthorize funding for the highway trust fund .......... 447 82 61 36 18 644 866
        Total budget proposals 716 3,173 -29,116 -52,456 -42,800 -44,508 -165,707 -877,973
  * $500,000 or less.
  1 Affects both receipts and outlays. Only the receipt effect is shown here. The outlay effect is $4,044 million for 2006, $3,933 million for 2007, $3,846 million for 2008, $11,823 million for 2004–2008 and $18,072 million for 2004–2013.
  2 Affects both receipts and outlays. Only the receipt effect is shown here. The outlay effect is $19,543 million for 2004–2013.
  3 Affects both receipts and outlays. Only the receipt effect is shown here. The outlay effect is $3,292 million for 2004–2013.
  4 Affects both receipts and outlays. Only the receipt effect is shown here. The outlay effect is $185 million for 2004, $464 million for 2005, $602 million for 2006, $668 million for 2007, $740 million for 2008, $2,659 million for 2004–2008 and $3,054 million for 2004–2013.
  5 Affects both receipts and outlays. Only the receipt effect is shown here. The outlay effect is $2 million for 2004, $2,345 million for 2005, $5,509 million for 2006, $7,100 million for 2007, $7,431 million for 2008, $22,387 million for 2004–2008 and $67,104 million for 2004–2013.
  6 Policy proposal with a receipt effect of zero.
  7 Net of income offsets.
  8 Affects both receipts and outlays. Only the receipt effect is shown here. The outlay effect is $35 million for 2004, $35 million for 2005, $36 million for 2006, $36 million for 2007, $36 million for 2008, $178 million for 2004–2008 and $365 million for 2004–2013.


Table 14. RECEIPTS BY SOURCE
(In billions of dollars)
  2002  Actual Estimate
2003 2004 2005 2006 2007 2008
February estimates:
     Individual income taxes 858.3 849.1 849.9 934.6 1,014.1 1,103.4 1,175.3
     Corporation income taxes 148.0 143.2 169.1 229.3 233.8 237.8 243.7
     Social insurance and retirement receipts 700.8 726.6 764.5 810.9 845.8 883.6 922.2
     Excise taxes 67.0 68.4 70.9 73.3 75.6 77.8 80.0
     Estate and gift taxes 26.5 20.2 23.4 21.1 23.2 20.8 21.2
     Customs duties 18.6 19.1 20.7 21.2 23.9 26.0 27.6
     Miscellaneous receipts 33.9 34.7 38.5 44.8 46.9 48.8 51.0
     Adjustment for revenue uncertainty 1 .......... -25.0 -15.0 .......... .......... .......... ..........
      Total 1,853.2 1,836.2 1,922.0 2,135.2 2,263.2 2,398.1 2,520.9
Mid-Session estimates:
     Individual income taxes 858.3 790.0 786.6 882.4 973.5 1,068.2 1,138.8
     Corporation income taxes 148.0 125.3 144.1 212.6 239.2 243.4 246.8
     Social insurance and retirement receipts 700.8 711.0 748.6 801.8 840.6 881.1 919.2
     Excise taxes 67.0 67.1 70.0 71.9 74.1 76.2 78.3
     Estate and gift taxes 26.5 22.0 22.0 20.3 22.7 20.5 21.2
     Customs duties 18.6 20.0 22.0 22.0 23.9 25.3 26.6
     Miscellaneous receipts 33.9 35.9 34.1 37.4 40.7 45.4 49.1
     Adjustment for revenue uncertainty 1 .......... -15.0 -30.0 -15.0 .......... .......... ..........
      Total 1,853.2 1,756.3 1,797.4 2,033.5 2,214.7 2,360.1 2,480.1
Difference:
     Individual income taxes .......... -59.1 -63.2 -52.1 -40.6 -35.2 -36.5
     Corporation income taxes .......... -17.9 -25.0 -16.7 5.4 5.6 3.1
     Social insurance and retirement receipts .......... -15.5 -15.9 -9.0 -5.1 -2.5 -3.1
     Excise taxes .......... -1.3 -0.9 -1.4 -1.5 -1.6 -1.6
     Estate and gift taxes .......... 1.8 -1.4 -0.8 -0.5 -0.2 0.1
     Customs duties .......... 1.0 1.2 0.8 * -0.7 -0.9
     Miscellaneous receipts .......... 1.2 -4.4 -7.5 -6.2 -3.4 -1.9
     Adjustment for revenue uncertainty 1 .......... 10.0 -15.0 -15.0 .......... .......... ..........
      Total .......... -79.9 -124.6 -101.7 -48.5 -37.9 -40.9
  * $50 million or less.
  1 These amounts reflect an additional adjustment to receipts beyond what the economic and tax models forecast and have been made in the interest of cautious and prudent forecasting.


Table 15. DISCRETIONARY BUDGET AUTHORITY BY AGENCY
(In billions of dollars)
  2002  Actual Estimate
2003 2004 2005 2006 2007 2008
Legislative Branch 3.0 3.4 3.8 3.9 4.0 4.0 4.1
Judicial Branch 4.3 4.6 5.1 5.2 5.3 5.4 5.6
Agriculture 18.8 21.5 19.5 19.9 20.1 20.5 21.2
Commerce 5.4 5.5 5.3 5.8 5.8 6.0 6.4
Defense—Military 327.8 364.6 379.9 399.8 419.8 440.5 461.8
Education 49.5 50.9 53.2 61.1 62.0 63.3 65.0
Energy 20.9 21.9 23.5 24.9 25.0 24.6 24.2
Health and Human Services 59.5 65.6 66.2 60.4 61.1 62.5 64.1
Homeland Security 15.7 22.1 26.8 27.1 27.4 28.0 28.8
Housing and Urban Development 29.4 30.2 31.3 32.2 33.0 33.9 34.6
Interior 10.5 10.4 10.6 10.8 10.9 11.1 11.4
Justice 18.6 18.8 17.7 19.5 19.7 20.2 20.8
Labor 12.1 11.8 11.6 11.8 12.0 11.4 10.8
State 9.0 9.0 9.8 9.9 10.0 10.3 10.5
Transportation 12.9 13.6 13.7 13.9 14.0 14.3 14.7
Treasury 10.5 10.9 11.4 11.6 11.7 12.0 12.3
Veterans Affairs 23.9 26.4 28.1 28.5 28.6 29.1 29.7
Corps of Engineers-Civil Works 4.5 4.6 4.0 4.1 4.1 4.2 4.3
Other Defense Civil Programs 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Environmental Protection Agency 7.9 8.1 7.6 7.8 7.8 8.0 8.2
Executive Office of the President 0.3 0.3 0.3 0.3 0.3 0.4 0.4
General Services Administration 0.2 1.1 0.1 0.1 0.1 0.1 0.1
International Assistance Programs 12.5 14.0 17.0 18.0 22.4 23.4 24.2
National Aeronautics and Space Administration 14.8 15.3 15.5 16.0 16.7 17.3 17.8
National Science Foundation 4.8 5.3 5.5 5.6 5.6 5.8 5.9
Office of Personnel Management 0.2 0.3 0.8 0.8 0.8 0.8 0.8
Small Business Administration 0.8 0.8 0.8 0.8 0.8 0.8 0.9
Social Security Administration 6.4 6.7 7.3 7.5 7.5 7.7 7.9
Other Independent Agencies 6.6 7.2 6.4 6.4 6.0 7.2 7.4
Allowances .......... .......... -0.5 -0.5 -0.5 -0.5 -0.6
    Total without emergency response funding 691.0 755.1 782.3 813.5 842.3 872.4 903.6
Emergency response funding 43.8 89.0 0.2
  Note: 2003 excludes $1.9 billion in requested supplemental funding for disaster relief and other emergency activities.


Table 16. DISCRETIONARY PROPOSALS BY APPROPRIATIONS SUBCOMMITTEE
(Budget authority in billions of dollars)
Appropriations Subcommittee 2002 Enacted 2003 Estimate 2004 Estimate Change: 2003 to 2004
Agriculture and Rural Development 17.0 18.5 16.9 -1.6
Commerce, Justice, State, and the Judiciary 36.1 37.6 37.5 -0.1
Defense 317.4 354.3 371.0 16.7
District of Columbia 0.4 0.5 0.4 -0.1
Energy and Water Development 24.8 25.9 26.8 0.9
Foreign Operations 15.1 16.3 18.8 2.5
Homeland Security 29.9 22.1 26.6 4.5
Interior and Related Agencies 19.3 19.6 19.6 -0.1
Labor, Health and Human Services,ÿ20and Education 122.8 132.1 135.4 3.3
Legislative 3.0 3.3 3.8 0.5
Military Construction 10.6 10.5 9.1 -1.4
Transportation, Treasury, and Related Agencies 21.6 28.0 27.6 -0.4
Veterans Affairs, Housing and Urban Development 73.1 86.3 89.2 2.9
Allowances * * -0.3 -0.3
    Total without emergency response funding 691.0 755.1 782.3 27.3
Emergency response funding 43.8 89.0 0.2 -78.8
  * 50 million or less.
  Note: 2003 excludes $1.9 billion in requested supplemental funding for disaster relief and other emergency activities.


Table 17. OUTLAYS BY AGENCY
(In billions of dollars)
  2002  Actual Estimate
2003 2004 2005 2006 2007 2008
Legislative Branch 3.2 3.9 4.4 4.2 4.3 4.3 4.4
Judicial Branch 4.8 5.1 5.6 5.7 5.8 5.9 6.1
Agriculture 68.7 77.0 78.0 81.1 81.4 81.3 80.8
Commerce 5.3 6.1 5.8 6.0 5.9 6.0 6.3
Defense—Military 332.0 408.6 390.3 391.9 403.6 416.6 441.2
Education 46.3 59.7 60.6 64.1 67.8 68.3 69.4
Energy 17.7 19.5 21.2 22.4 22.8 22.5 21.8
Health and Human Services 465.8 508.4 546.1 568.0 615.7 659.4 703.9
Homeland Security 17.5 35.8 28.9 29.3 28.1 28.1 28.5
Housing and Urban Development 31.9 38.0 38.0 38.6 39.1 39.3 32.3
Interior 9.7 10.4 10.6 11.7 10.7 10.8 11.1
Justice 21.1 21.5 25.1 24.2 23.2 21.4 21.9
Labor 64.7 70.7 65.4 53.8 53.8 55.6 58.1
State 9.5 11.0 10.4 10.6 10.6 10.8 11.1
Transportation 56.1 51.5 56.3 56.1 55.9 57.2 59.0
Treasury 370.6 373.6 381.7 414.2 456.7 497.6 536.0
Veterans Affairs 50.9 58.3 61.5 66.6 66.1 65.3 70.3
Corps of Engineers-Civil Works 4.8 4.6 4.3 4.1 4.1 4.2 4.3
Other Defense Civil Programs 35.2 40.2 40.5 40.5 40.5 40.5 40.4
Environmental Protection Agency 7.4 8.1 8.4 8.4 8.2 8.1 8.3
Executive Office of the President 0.5 1.3 1.6 0.6 0.3 0.4 0.4
General Services Administration -0.7 1.0 0.1 0.1 0.1 * -0.1
International Assistance Programs 13.3 16.7 16.1 15.6 18.5 20.8 22.6
National Aeronautics and Space Administration 14.4 14.8 15.4 15.9 16.5 17.0 17.5
National Science Foundation 4.2 4.9 5.2 5.4 5.5 5.7 5.8
Office of Personnel Management 52.5 55.8 58.5 61.5 64.4 67.3 70.6
Small Business Administration 0.5 1.6 0.8 0.8 0.8 0.8 0.8
Social Security Administration 487.8 508.7 531.0 554.5 574.1 596.6 628.9
Other Independent Agencies 16.0 6.8 15.3 16.7 12.6 13.4 13.0
Allowances .......... .......... -0.5 -1.6 -1.4 -* *
Undistributed Offsetting Receipts -200.7 -211.9 -214.3 -233.6 -243.3 -252.3 -268.7
    Total 2,011.0 2,211.7 2,272.4 2,337.5 2,452.3 2,572.9 2,706.0
  * $50 million or less.


Table 18. BASELINE CATEGORY TOTALS
(In billions of dollars)
  Estimate
2003 2004 2005 2006 2007 2008 2004–2008
Outlays:
    Discretionary:
        Defense 425 403 396 402 412 421 2,035
        Nondefense 433 437 443 447 455 459 2,240
          Total, Discretionary 858 841 839 849 867 880 4,275
    Mandatory:
        Social Security 471 492 512 533 556 584 2,676
        Medicare 244 253 267 276 296 314 1,406
        Medicaid and SCHIP 168 184 193 209 228 247 1,060
        Other 312 318 309 303 308 320 1,557
          Total, Mandatory 1,196 1,247 1,280 1,321 1,387 1,465 6,700
    Net interest 156 165 184 207 227 241 1,025
Total, Outlays 2,210 2,252 2,304 2,377 2,481 2,587 12,001
Receipts 1,756 1,794 2,063 2,267 2,403 2,525 11,051
    Deficit -455 -458 -241 -110 -78 -62 -949
On-budget deficit -614 -621 -427 -313 -300 -300 -1,962
Off-budget surplus 159 164 186 203 222 238 1,013
  Note: Estimates assume the spending on the War Supplemental and the War Reserve is one time only.


Table 19. OUTLAYS FOR MANDATORY PROGRAMS UNDER CURRENT LAW 1
(In billions of dollars)
  2002 Actual Estimate
2003 2004 2005 2006 2007 2008
Human resources programs:
    Education, training, employment, and social services 7.8 11.9 11.2 9.4 8.9 8.2 7.8
    Health 157.1 179.9 196.3 206.3 223.8 243.2 263.7
    Medicare 227.7 244.4 253.4 267.2 276.0 295.7 314.1
    Income security 264.5 285.8 283.7 288.7 289.7 294.6 307.0
    Social security 452.1 471.1 491.7 511.7 532.8 556.4 583.9
    Veterans' benefits and services 26.9 31.8 34.0 38.6 37.8 36.7 41.1
        Subtotal, human resources programs 1,136.1 1,224.9 1,270.3 1,321.9 1,369.0 1,434.7 1,517.5
Other mandatory programs:
    International affairs -3.8 -5.3 -2.3 -2.2 -2.3 -2.1 -1.9
    Energy -2.5 -2.9 -2.9 -2.5 -2.4 -2.8 -2.9
    Natural resources and environment 0.8 1.0 1.7 2.1 2.9 2.9 3.2
    Agriculture 16.9 17.7 17.7 19.8 19.5 18.5 16.0
    Commerce and housing credit -1.4 -0.7 1.0 1.2 -1.8 -2.1 -2.7
    Transportation 4.6 2.8 2.0 2.1 2.0 1.9 1.9
    Justice 1.2 2.3 6.2 3.0 2.3 2.1 2.1
    General government 2.7 7.3 7.3 2.2 2.2 2.2 2.4
    Undistributed offsetting receipts -47.4 -51.8 -54.7 -66.0 -68.9 -67.8 -70.6
    Other functions -1.5 0.9 0.5 -1.2 -1.3 -0.2 -0.1
        Subtotal, other mandatory programs -30.4 -28.7 -23.5 -41.7 -47.9 -47.4 -52.7
          Total, outlays for mandatory programs under current law 1,105.7 1,196.2 1,246.8 1,280.2 1,321.1 1,387.3 1,464.9
  1 This table meets the requirements of Section 221(b) of the Legislative Reorganization Act of 1970.


Table 20. FEDERAL GOVERNMENT FINANCING AND DEBT
(In billions of dollars)
  2002 Actual Estimate
2003 2004 2005 2006 2007 2008
Financing:
    Unified budget deficit (-) -158 -455 -475 -304 -238 -213 -226
    Financing other than the change in debt held by the public:
        Premiums paid (-) on buybacks of Treasury securities -4 .......... .......... .......... .......... .......... ..........
        Net purchases (-) of non-Federal securities by
          the National Railroad Retirement Investment Trust -2 -18 1 1 1 1 1
        Changes in: 1
          Treasury operating cash balance -17 16 .......... .......... .......... .......... ..........
          Compensating balances 2 -14 -25 52 .......... .......... .......... ..........
          Checks outstanding, etc. 3 -12 -3 .......... .......... .......... .......... ..........
        Seigniorage on coins 1 1 1 1 1 1 1
        Less: Net financing disbursements:
          Direct loan financing accounts -15 -13 -19 -15 -20 -21 -21
          Guaranteed loan financing accounts -2 2 3 2 3 1 1
        Total, financing other than the change in debt held
          by the public -63 -40 38 -12 -16 -17 -18
            Total, requirement to borrow from the public -221 -496 -437 -316 -254 -230 -244
    Change in debt held by the public 221 496 437 316 254 230 244
Changes in Debt Subject to Limitation:
    Change in debt held by the public 221 496 437 316 254 230 244
    Change in debt held by Government accounts 208 202 253 275 280 294 307
    Change in other factors * 16 * * * * 1
        Total, change in debt subject to statutory limitation 429 713 690 591 534 524 551
Debt Subject to Statutory Limitation, End of Year:
    Debt issued by Treasury 6,171 6,869 7,560 8,151 8,685 9,209 9,760
    Adjustment for Treasury debt not subject to limitation
        and agency debt subject to limitation 4 -15 -* -* -* -* -* -*
    Adjustment for discount and premium 5 6 6 6 6 6 6 6
          Total, debt subject to statutory limitation 6 6,161 6,875 7,565 8,156 8,690 9,215 9,766
Debt Outstanding, End of Year:
    Gross Federal debt: 7
        Debt issued by Treasury 6,171 6,869 7,560 8,151 8,685 9,209 9,760
        Debt issued by other agencies 27 27 27 26 26 26 25
          Total, gross Federal debt 6,198 6,896 7,586 8,177 8,711 9,235 9,785
    Held by:
        Debt held by Government accounts 2,658 2,860 3,113 3,388 3,668 3,962 4,269
        Debt held by the public 8 3,540 4,036 4,473 4,789 5,043 5,272 5,516
  * $500 million or less.
  1 A decrease in the Treasury operating cash balance or compensating balances (which are assets) would be a means of financing a deficit and therefore has a positive sign. An increase in checks outstanding (which is a liability) would also be a means of financing a deficit and therefore also has a positive sign.
  2 Compensating balances are non-interest bearing Treasury bank deposits that Treasury mainly uses to compensate banks for collecting tax and non-tax receipts under financial agency agreements. Most of the balances estimated at the end of 2003 are required to be invested in nonmarketable Depositary Compensation Securities issued by the Treasury; the rest of the balances, and the entire amount in previous years, is invested in the way that the banks decide. The Administration has proposed legislation that would allow Treasury to replace compensating balances by an appropriation.
  3 Besides checks outstanding, includes accrued interest payable on Treasury debt, miscellaneous liability accounts, allocations of special drawing rights; and, as an offset, cash and monetary assets (other than the Treasury operating cash balance and compensating balances), miscellaneous asset accounts, and profit on sale of gold.
  4 Consists primarily of Federal Financing Bank debt in 2002.
  5 Consists of unamortized discount (less premium) on public issues of Treasury notes and bonds (other than zero-coupon bonds) and unrealized discount on Government account series securities.
  6 The statutory debt limit is $7,384 billion.
  7 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 measured at face value less unrealized discount (if any).
  8 At the end of 2002, the Federal Reserve Banks held $604.2 billion of Federal securities and the rest of the public held $2,936.2 billion. Debt held by the Federal Reserve Banks is not estimated for future years.
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