Recommended levels and amounts

The following budgetary levels are appropriate for each of fiscal years 2026 through 2035: (1) Federal revenues For purposes of the enforcement of this resolution: (A) The recommended levels of Federal revenues are as follows: Fiscal year 2026: $4,242,825,000,000. Fiscal year 2027: $4,476,744,000,000. Fiscal year 2028: $4,606,277,000,000. Fiscal year 2029: $4,799,819,000,000. Fiscal year 2030: $5,013,902,000,000. Fiscal year 2031: $5,227,718,000,000. Fiscal year 2032: $5,427,567,000,000. Fiscal year 2033: $5,627,231,000,000. Fiscal year 2034: $5,841,187,000,000. Fiscal year 2035: $6,078,202,000,000. (B) The amounts by which the aggregate levels of Federal revenues should be changed are as follows: Fiscal year 2026: $0. Fiscal year 2027: $0. Fiscal year 2028: $0. Fiscal year 2029: $0. Fiscal year 2030: $0. Fiscal year 2031: $0. Fiscal year 2032: $0. Fiscal year 2033: $0. Fiscal year 2034: $0. Fiscal year 2035: $0. (2) New budget authority For purposes of the enforcement of this resolution, the appropriate levels of total new budget authority are as follows: Fiscal year 2026: $5,401,583,000,000. Fiscal year 2027: $5,507,288,000,000. Fiscal year 2028: $5,511,423,000,000. Fiscal year 2029: $5,379,533,000,000. Fiscal year 2030: $5,708,120,000,000. Fiscal year 2031: $5,945,773,000,000. Fiscal year 2032: $6,171,467,000,000. Fiscal year 2033: $6,524,285,000,000. Fiscal year 2034: $6,647,584,000,000. Fiscal year 2035: $6,770,543,000,000. (3) Budget outlays For purposes of the enforcement of this resolution, the appropriate levels of total budget outlays are as follows: Fiscal year 2026: $5,507,841,000,000. Fiscal year 2027: $5,591,820,000,000. Fiscal year 2028: $5,676,362,000,000. Fiscal year 2029: $5,446,241,000,000. Fiscal year 2030: $5,780,039,000,000. Fiscal year 2031: $5,988,070,000,000. Fiscal year 2032: $6,178,039,000,000. Fiscal year 2033: $6,549,172,000,000. Fiscal year 2034: $6,618,169,000,000. Fiscal year 2035: $6,679,898,000,000. (4) Deficits For purposes of the enforcement of this resolution, the amounts of the deficits are as follows: Fiscal year 2026: $1,265,016,000,000. Fiscal year 2027: $1,115,076,000,000. Fiscal year 2028: $1,070,085,000,000. Fiscal year 2029: $646,422,000,000. Fiscal year 2030: $766,137,000,000. Fiscal year 2031: $760,352,000,000. Fiscal year 2032: $750,472,000,000. Fiscal year 2033: $921,941,000,000. Fiscal year 2034: $776,982,000,000. Fiscal year 2035: $601,696,000,000. (5) Public debt Pursuant to section 301(a)(5) of the Congressional Budget Act of 1974 (2 U.S.C. 632(a)(5)), the appropriate levels of the public debt are as follows: Fiscal year 2026: $39,164,264,000,000. Fiscal year 2027: $40,456,036,000,000. Fiscal year 2028: $41,731,126,000,000. Fiscal year 2029: $42,563,432,000,000. Fiscal year 2030: $43,484,184,000,000. Fiscal year 2031: $44,389,587,000,000. Fiscal year 2032: $45,422,961,000,000. Fiscal year 2033: $46,962,682,000,000. Fiscal year 2034: $48,437,589,000,000. Fiscal year 2035: $49,860,557,000,000. (6) Debt held by the public The appropriate levels of debt held by the public are as follows: Fiscal year 2026: $31,677,998,000,000. Fiscal year 2027: $33,032,486,000,000. Fiscal year 2028: $34,377,969,000,000. Fiscal year 2029: $35,325,105,000,000. Fiscal year 2030: $36,422,758,000,000. Fiscal year 2031: $37,550,279,000,000. Fiscal year 2032: $38,715,101,000,000. Fiscal year 2033: $40,076,718,000,000. Fiscal year 2034: $41,321,152,000,000. Fiscal year 2035: $42,425,652,000,000.