Table UB. |
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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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OASDI NonInt Income Less Outgo Plus Revenue to HI From Taxation of OASDI Benefits |
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Change from Present Law Balance Between OASDI NonInt Income and Outgo |
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Borrow from General Fund (8) |
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TF Net Equity Purchase (9) |
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Borrowing From the Public (without interest) |
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Calendar Year |
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=(9)-(5) MB (10) |
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=-(6) IA (11) |
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=(8)-(7) PSA (12) |
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PL (1) |
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MB (2) |
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IA (3) |
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PSA (4)* |
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MB (5) |
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IA
(6) |
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PSA
(7)* |
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1998 |
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41 |
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46 |
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44 |
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-57 |
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5 |
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4 |
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-98 |
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-5 |
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-4 |
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98 |
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1999 |
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41 |
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48 |
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46 |
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-69 |
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8 |
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5 |
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-109 |
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-8 |
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-5 |
|
109 |
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2000 |
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42 |
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53 |
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49 |
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-74 |
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11 |
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7 |
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-116 |
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24 |
|
13 |
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-7 |
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116 |
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2001 |
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43 |
|
59 |
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53 |
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-80 |
|
15 |
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10 |
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-123 |
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28 |
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12 |
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-10 |
|
123 |
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2002 |
|
45 |
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65 |
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58 |
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-8 |
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20 |
|
13 |
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-52 |
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79 |
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31 |
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11 |
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-13 |
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131 |
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2003 |
|
47 |
|
72 |
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65 |
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-2 |
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25 |
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19 |
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-49 |
|
88 |
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36 |
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10 |
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-19 |
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136 |
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2004 |
|
48 |
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79 |
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74 |
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-1 |
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31 |
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25 |
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-50 |
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93 |
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41 |
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10 |
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-25 |
|
142 |
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2005 |
|
52 |
|
88 |
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83 |
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-21 |
|
37 |
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31 |
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-72 |
|
76 |
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46 |
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9 |
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-31 |
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148 |
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2006 |
|
55 |
|
97 |
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93 |
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-16 |
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42 |
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38 |
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-72 |
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79 |
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53 |
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11 |
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-38 |
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151 |
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2007 |
|
59 |
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106 |
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103 |
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-9 |
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47 |
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44 |
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-68 |
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84 |
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59 |
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12 |
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-44 |
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152 |
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2008 |
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59 |
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110 |
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108 |
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-4 |
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51 |
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49 |
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-63 |
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89 |
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66 |
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15 |
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-49 |
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152 |
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2009 |
|
57 |
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112 |
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113 |
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2 |
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55 |
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56 |
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-55 |
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94 |
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72 |
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17 |
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-56 |
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149 |
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2010 |
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53 |
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112 |
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116 |
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-22 |
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59 |
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63 |
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-75 |
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68 |
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78 |
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19 |
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-63 |
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143 |
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2011 |
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47 |
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111 |
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118 |
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-16 |
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64 |
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70 |
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-64 |
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70 |
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84 |
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20 |
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-70 |
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134 |
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2012 |
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37 |
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106 |
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117 |
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-12 |
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69 |
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79 |
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-50 |
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74 |
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89 |
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21 |
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-79 |
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124 |
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2013 |
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24 |
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98 |
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113 |
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-6 |
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74 |
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89 |
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-30 |
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79 |
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93 |
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20 |
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-89 |
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109 |
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2014 |
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7 |
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86 |
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108 |
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-3 |
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79 |
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101 |
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-10 |
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83 |
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96 |
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17 |
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-101 |
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93 |
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2015 |
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-12 |
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73 |
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102 |
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-25 |
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85 |
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114 |
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-13 |
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63 |
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-37 |
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-122 |
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-114 |
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75 |
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2016 |
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-35 |
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56 |
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97 |
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-21 |
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91 |
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132 |
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14 |
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65 |
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-49 |
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-140 |
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-132 |
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51 |
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2017 |
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-61 |
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36 |
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91 |
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-17 |
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97 |
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152 |
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44 |
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68 |
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-63 |
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-160 |
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-152 |
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24 |
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2018 |
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-92 |
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11 |
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82 |
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-14 |
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103 |
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174 |
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78 |
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72 |
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-78 |
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-181 |
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-174 |
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-6 |
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2019 |
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-126 |
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-16 |
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72 |
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-12 |
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110 |
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198 |
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114 |
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76 |
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-94 |
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-204 |
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-198 |
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-38 |
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2020 |
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-161 |
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-45 |
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60 |
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-17 |
|
117 |
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222 |
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144 |
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72 |
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-113 |
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-230 |
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-222 |
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-72 |
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2021 |
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-200 |
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-76 |
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42 |
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-17 |
|
124 |
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241 |
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183 |
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75 |
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-132 |
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-256 |
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-241 |
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-108 |
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2022 |
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-240 |
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-110 |
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21 |
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-17 |
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131 |
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261 |
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223 |
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79 |
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-153 |
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-284 |
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-261 |
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-144 |
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2023 |
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-284 |
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-146 |
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-3 |
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-17 |
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138 |
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281 |
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266 |
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83 |
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-175 |
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-313 |
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-281 |
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-183 |
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2024 |
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-329 |
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-184 |
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-27 |
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-18 |
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145 |
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303 |
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311 |
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88 |
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-198 |
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-343 |
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-303 |
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-224 |
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2025 |
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-377 |
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-224 |
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-50 |
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-25 |
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153 |
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327 |
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352 |
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85 |
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-222 |
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-374 |
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-327 |
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-267 |
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2026 |
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-425 |
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-265 |
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-68 |
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-25 |
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160 |
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357 |
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400 |
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89 |
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-246 |
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-406 |
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-357 |
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-311 |
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2027 |
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-471 |
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-304 |
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-82 |
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-21 |
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168 |
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389 |
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450 |
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94 |
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-269 |
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-437 |
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-389 |
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-356 |
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2028 |
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-519 |
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-344 |
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-95 |
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-16 |
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175 |
|
424 |
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503 |
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99 |
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-294 |
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-468 |
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-424 |
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-404 |
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2029 |
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-565 |
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-383 |
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-103 |
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-7 |
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182 |
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462 |
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558 |
|
104 |
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-318 |
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-499 |
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-462 |
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-454 |
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2030 |
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-611 |
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-422 |
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-109 |
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-68 |
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189 |
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503 |
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543 |
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38 |
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-342 |
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-531 |
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-503 |
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-506 |
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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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(2)&(5) MB nonint income includes amounts that are to be invested in equities. |
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*(4)&(7) PSA nonint income includes borrowing from the General Fund of the U.S. Treasury; excludes PSA contributions. |
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Office of the Actuary |
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Social Security Administration |
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25-Oct-96 |
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www.socialsecurity.gov