Baseline Extended with CBO Entitlements Social Security Medicare (net)a "Medicaid, CHIP, and Exchange Subsidies" Net Interest All other spending Revenue Total federal spending Unified surplus/deficit Debt held by the public Real GDP Fiscal year Percentage of GDP Billions of 2005 dollars 2012b 4.9 3.0 1.7 1.4 11.9 15.7 22.9 -7.3 72.8 "13,521" 2013 5.1 3.1 1.8 1.4 11.1 18.4 22.4 -4.0 76.1 "13,572" 2014 5.2 3.1 2.1 1.4 10.1 19.6 21.9 -2.4 76.6 "13,830" 2015 5.2 3.1 2.3 1.4 9.6 20.3 21.5 -1.2 73.8 "14,479" 2016 5.1 3.2 2.5 1.5 9.2 20.6 21.6 -1.0 70.8 "15,142" 2017 5.1 3.1 2.6 1.8 8.8 20.7 21.4 -0.6 67.9 "15,745" 2018 5.1 3.0 2.7 2.0 8.4 20.8 21.2 -0.4 65.2 "16,275" 2019 5.2 3.2 2.7 2.2 8.2 20.9 21.5 -0.6 63.2 "16,704" 2020 5.3 3.3 2.8 2.3 8.1 21.1 21.7 -0.6 61.4 "17,107" 2021 5.4 3.4 2.8 2.3 8.0 21.2 21.8 -0.6 59.8 "17,495" 2022 5.5 3.6 2.9 2.3 8.0 21.4 22.3 -0.9 58.5 "17,887" 2023 5.6 3.6 3.0 2.5 8.0 21.4 22.6 -1.2 57.7 "18,262" 2024 5.7 3.7 3.0 2.7 8.0 21.4 23.0 -1.6 57.3 "18,646" 2025 5.7 3.8 3.1 2.9 8.0 21.4 23.4 -2.0 57.3 "19,037" 2026 5.8 3.9 3.1 2.9 8.0 21.4 23.6 -2.2 57.6 "19,437" 2027 5.8 3.9 3.2 2.9 8.0 21.4 23.7 -2.3 57.9 "19,845" 2028 5.9 4.0 3.2 2.9 8.0 21.4 24.0 -2.5 58.4 "20,262" 2029 5.9 4.1 3.2 2.9 8.0 21.4 24.1 -2.7 59.1 "20,688" 2030 6.0 4.3 3.3 3.0 8.0 21.4 24.5 -3.1 60.2 "21,107" 2031 6.1 4.4 3.3 3.0 8.0 21.4 24.8 -3.4 61.4 "21,545" 2032 6.1 4.5 3.3 3.1 8.0 21.4 24.9 -3.5 62.8 "21,997" 2033 6.2 4.6 3.4 3.1 8.0 21.4 25.3 -3.9 64.4 "22,475" 2034 6.1 4.7 3.4 3.2 8.0 21.4 25.4 -4.0 66.1 "22,970" 2035 6.1 4.7 3.5 3.3 8.0 21.4 25.6 -4.2 67.8 "23,475" 2036 6.2 4.9 3.5 3.4 8.0 21.4 26.0 -4.5 69.9 "23,992" 2037 6.2 5.0 3.6 3.5 8.0 21.4 26.3 -4.8 72.2 "24,519" 2038 6.1 5.1 3.6 3.6 8.0 21.4 26.4 -5.0 74.5 "25,059" 2039 6.1 5.1 3.7 3.7 8.0 21.4 26.6 -5.2 77.0 "25,610" 2040 6.1 5.2 3.7 3.8 8.0 21.4 26.8 -5.4 79.5 "26,174" 2041 6.1 5.3 3.7 4.0 8.0 21.4 27.0 -5.6 82.2 "26,749" 2042 6.1 5.4 3.8 4.1 8.0 21.4 27.4 -6.0 85.1 "27,338" 2043 6.1 5.5 3.8 4.2 8.0 21.4 27.6 -6.2 88.1 "27,939" 2044 6.0 5.5 3.9 4.4 8.0 21.4 27.8 -6.4 91.2 "28,554" 2045 6.0 5.6 3.9 4.5 8.0 21.4 28.0 -6.6 94.4 "29,182" 2046 6.0 5.7 4.0 4.7 8.0 21.4 28.4 -7.0 97.8 "29,824" 2047 6.1 5.8 4.0 4.9 8.0 21.4 28.7 -7.3 101.5 "30,458" 2048 6.1 5.9 4.0 5.1 8.0 21.4 29.0 -7.6 105.4 "31,098" 2049 6.1 5.9 4.1 5.3 8.0 21.4 29.3 -7.9 109.4 "31,751" 2050 6.1 6.0 4.1 5.5 8.0 21.4 29.6 -8.2 113.6 "32,417" 2051 6.1 6.1 4.1 5.7 8.0 21.4 29.9 -8.5 117.9 "33,098" 2052 6.1 6.2 4.2 5.9 8.0 21.4 30.4 -8.9 122.5 "33,793" 2053 6.1 6.2 4.2 6.1 8.0 21.4 30.6 -9.2 127.1 "34,503" 2054 6.2 6.3 4.2 6.3 8.0 21.4 31.0 -9.6 131.9 "35,227" 2055 6.2 6.4 4.2 6.6 8.0 21.4 31.4 -9.9 136.9 "35,967" 2056 6.2 6.5 4.3 6.8 8.0 21.4 31.8 -10.4 142.2 "36,723" 2057 6.3 6.5 4.3 7.1 8.0 21.4 32.2 -10.8 147.6 "37,494" 2058 6.3 6.6 4.3 7.4 8.0 21.4 32.5 -11.1 153.2 "38,281" 2059 6.3 6.7 4.3 7.6 8.0 21.4 32.9 -11.5 158.9 "39,085" 2060 6.3 6.8 4.3 7.9 8.0 21.4 33.3 -11.9 164.8 "39,906" 2061 6.3 6.9 4.4 8.2 8.0 21.4 33.8 -12.4 170.9 "40,744" 2062 6.4 6.9 4.4 8.5 8.0 21.4 34.2 -12.8 177.2 "41,599" 2063 6.4 7.1 4.4 8.9 8.0 21.4 34.7 -13.3 183.8 "42,473" 2064 6.4 7.2 4.4 9.2 8.0 21.4 35.1 -13.7 190.5 "43,365" 2065 6.4 7.2 4.4 9.5 8.0 21.4 35.5 -14.1 197.3 "44,276" 2066 6.4 7.3 4.5 9.9 8.0 21.4 36.0 -14.6 204.4 "45,205" 2067 6.4 7.5 4.5 10.2 8.0 21.4 36.6 -15.2 211.8 "46,155" 2068 6.4 7.5 4.5 10.6 8.0 21.4 36.9 -15.5 219.2 "47,124" 2069 6.4 7.6 4.5 10.9 8.0 21.4 37.4 -16.0 226.8 "48,114" 2070 6.5 7.7 4.5 11.3 8.0 21.4 38.0 -16.6 234.7 "49,124" 2071 6.5 7.8 4.6 11.7 8.0 21.4 38.6 -17.2 242.9 "50,156" 2072 6.5 7.8 4.6 12.1 8.0 21.4 39.0 -17.6 251.1 "51,209" 2073 6.5 8.0 4.6 12.5 8.0 21.4 39.6 -18.2 259.6 "52,284" 2074 6.5 8.1 4.6 13.0 8.0 21.4 40.1 -18.7 268.4 "53,382" 2075 6.5 8.2 4.6 13.4 8.0 21.4 40.7 -19.3 277.3 "54,503" 2076 6.5 8.2 4.6 13.8 8.0 21.4 41.1 -19.7 286.3 "55,648" 2077 6.5 8.3 4.7 14.3 8.0 21.4 41.8 -20.4 295.6 "56,816" 2078 6.5 8.5 4.7 14.8 8.0 21.4 42.4 -21.0 305.4 "57,967" 2079 6.5 8.5 4.7 15.3 8.0 21.4 42.9 -21.5 315.4 "59,126" 2080 6.6 8.5 4.7 15.8 8.0 21.4 43.5 -22.1 325.6 "60,309" 2081 6.6 8.7 4.7 16.3 8.0 21.4 44.2 -22.8 336.1 "61,515" 2082 6.6 8.7 4.7 16.8 8.0 21.4 44.8 -23.4 346.8 "62,745" 2083 6.6 8.8 4.7 17.3 8.0 21.4 45.4 -24.0 357.7 "64,000" 2084 6.6 8.9 4.7 17.9 8.0 21.4 46.0 -24.6 368.8 "65,280" 2085 6.6 9.0 4.7 18.4 8.0 21.4 46.7 -25.3 380.1 "66,586" 2086 6.6 9.0 4.7 19.0 8.0 21.4 47.3 -25.9 391.5 "67,917" "Source: GAO's Fall 2012 analysis based on CBO's projections for Social Security and Medicare." "aMedicare spending includes offsetting receipts from premium payments and from payments by states from savings on Medicaid prescription drug costs, which reduce spending." bCBO's estimate as of August 2012.