Table 2b.c—Unified Budget Effects
Year
Net Purchase or
Sale (negative)
of Equities1
Balancing
Tax Rate &
Estate Tax
(2010 only)
Other
Changes
in OASDI
Cash Flow
Change
in Annual
Unified Budget
Cash Flow
Change
in Debt
Held by
Public
(EOY)
Change
in Annual
Unified Budget
Balance
(Billions of 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
22.7
0.0
5.1
-17.6
36.6
-19.0
2008
25.4
0.0
8.3
-17.1
54.9
-19.6
2009
28.0
0.0
11.8
-16.2
72.8
-19.7
2010
31.9
22.1
16.5
6.6
68.1
2.8
2011
35.4
0.0
21.4
-13.9
84.0
-18.1
2012
38.4
0.0
26.5
-11.9
98.5
-16.9
2013
41.3
0.0
31.5
-9.8
111.1
-15.5
2014
44.0
0.0
36.2
-7.8
122.1
-14.3
2015
46.4
0.0
40.8
-5.6
131.3
-12.7
2016
48.5
0.0
45.4
-3.1
138.3
-10.6
2017
50.2
0.0
50.0
-0.2
142.6
-8.2
2018
51.5
0.0
54.3
2.8
144.0
-5.4
2019
52.1
0.0
58.6
6.6
141.7
-1.6
2020
52.1
0.0
63.0
10.8
135.0
2.9
2021
51.6
0.0
67.1
15.4
123.3
8.0
2022
50.8
0.0
71.4
20.6
106.2
14.0
2023
62.1
68.8
75.5
82.2
25.9
78.4
2024
61.9
69.9
79.6
87.7
-62.3
88.7
2025
61.2
71.0
83.4
93.3
-158.8
99.6
2026
2.5
72.2
87.3
157.1
-323.0
170.8
2027
-0.4
73.4
91.4
165.2
-500.3
188.7
2028
-3.1
74.5
95.3
172.9
-690.8
207.0
2029
-5.5
75.7
99.2
180.4
-894.6
225.7
2030
-7.8
76.9
102.7
187.5
-1,111.7
244.8
2031
-10.0
78.2
106.3
194.4
-1,342.4
264.6
2032
-11.9
79.4
110.0
201.4
-1,587.0
285.1
2033
-13.5
80.7
113.8
208.1
-1,845.8
306.2
2034
-14.8
82.0
117.4
214.3
-2,118.7
327.6
2035
-16.0
83.4
120.6
219.9
-2,405.4
349.2
2036
-16.8
84.7
123.7
225.3
-2,706.2
371.4
2037
-17.4
86.1
127.1
230.6
-3,021.4
394.3
2038
-17.7
87.6
130.4
235.6
-3,351.2
417.8
2039
-17.8
89.0
133.6
240.4
-3,695.7
441.9
2040
-18.1
90.4
135.7
244.2
-4,054.4
465.8
2041
-18.4
91.8
137.6
247.8
-4,427.6
490.3
2042
-18.6
93.2
139.7
251.6
-4,815.7
515.8
2043
-18.9
94.7
141.9
255.5
-5,219.5
542.4
2044
-19.5
96.1
142.5
258.0
-5,638.0
568.4
2045
-20.3
97.4
141.9
259.6
-6,070.6
594.3
2046
-21.2
98.7
141.2
261.1
-6,517.7
621.0
2047
-22.1
100.1
140.6
262.8
-6,980.0
648.7
2048
-23.0
101.4
140.2
264.6
-7,458.0
677.4
2049
-24.1
102.7
139.5
266.4
-7,952.0
706.9
2050
-25.4
104.1
138.3
267.8
-8,462.4
737.1
2051
-27.0
105.5
136.8
269.3
-8,989.5
768.2
2052
-28.6
106.8
135.6
271.1
-9,534.3
800.6
2053
-30.3
108.3
134.5
273.1
-10,097.5
834.3
2054
-32.1
109.7
133.4
275.1
-10,679.7
869.1
2055
-34.1
111.1
131.9
277.1
-11,281.3
904.9
2056
-36.1
112.6
130.4
279.1
-11,902.9
941.9
2057
-38.2
114.0
129.0
281.3
-12,545.5
980.2
2058
-40.3
115.5
127.8
283.6
-13,209.7
1,019.9
2059
-42.3
117.0
126.7
286.0
-13,896.2
1,060.9
2060
-44.4
118.5
125.4
288.3
-14,605.7
1,103.1
2061
-46.6
120.1
124.1
290.7
-15,338.9
1,146.7
2062
-48.8
121.6
122.9
293.4
-16,096.8
1,192.0
2063
-51.3
123.2
121.8
296.3
-16,880.4
1,239.0
2064
-53.6
124.8
120.7
299.1
-17,690.3
1,287.4
2065
-55.8
126.4
119.8
302.0
-18,527.5
1,337.4
2066
-58.1
128.1
118.9
305.1
-19,393.0
1,389.1
2067
-60.5
129.7
118.1
308.3
-20,287.7
1,442.7
2068
-62.7
131.5
117.3
311.5
-21,212.4
1,497.9
2069
-64.9
133.2
116.5
314.6
-22,168.1
1,554.8
2070
-67.1
134.9
116.1
318.1
-23,155.9
1,613.8
2071
-69.2
136.7
115.7
321.6
-24,177.0
1,674.7
2072
-71.4
138.5
115.3
325.1
-25,232.3
1,737.6
2073
-73.6
140.3
114.8
328.7
-26,322.9
1,802.6
2074
-75.9
142.1
114.4
332.4
-27,449.9
1,869.6
2075
-78.2
143.9
114.3
336.4
-28,614.8
1,939.2
2076
-80.5
145.8
114.2
340.5
-29,818.8
2,010.9
2077
-82.8
147.7
114.1
344.6
-31,063.1
2,085.1
2078
-85.2
149.6
114.1
348.8
-32,348.9
2,161.6
2079
-87.6
151.5
114.0
353.2
-33,677.8
2,240.7

1Reinvestment of dividends is not included in net purchase.

Based on Intermediate Assumptions of the 2004 Trustees Report
With Ultimate Real Trust Fund Yield Rate of 3.0
With Ultimate Real Treasury Bond Yield Rate of 3.0

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

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