| Year | Net Purchase orSale (negative)of Equities1 | BalancingTax Rate &Estate Tax(2010 only) | Other Changes in OASDI Cash Flow | Changein Annual Unified Budget Cash Flow | Change in Debt Held by Public (EOY) | Change in Annual Unified BudgetBalance |
|------|--------------------------------------------|----------------------------------------------|----------------------------------|------------------------------------------|-------------------------------------|----------------------------------------|
||
| 2005 |                                       |                                         | 0.0                              | 0.0                                      | 0.0                                 | 0.0                                    |
| 2006 | 18.1                                       | 0.0                                          | 1.7                              | -16.4                                    | 16.8                                | -16.8                                  |
| 2007 | 19.3                                       | 0.0                                          | 4.5                              | -14.8                                    | 32.0                                | -16.1                                  |
| 2008 | 20.5                                       | 0.0                                          | 7.1                              | -13.4                                    | 45.8                                | -15.4                                  |
| 2009 | 21.4                                       | 0.0                                          | 9.8                              | -11.6                                    | 57.8                                | -14.3                                  |
| 2010 | 23.3                                       | 18.0                                         | 13.4                             | 8.0                                      | 49.5                                | 5.2                                    |
| 2011 | 24.6                                       | 0.0                                          | 17.0                             | -7.6                                     | 57.4                                | -10.5                                  |
| 2012 | 25.4                                       | 0.0                                          | 20.4                             | -4.9                                     | 62.4                                | -8.1                                   |
| 2013 | 25.9                                       | 0.0                                          | 23.6                             | -2.2                                     | 64.7                                | -5.6                                   |
| 2014 | 26.1                                       | 0.0                                          | 26.4                             | 0.3                                      | 64.5                                | -3.2                                   |
| 2015 | 26.1                                       | 0.0                                          | 28.9                             | 2.8                                      | 61.6                                | -0.6                                   |
| 2016 | 25.7                                       | 0.0                                          | 31.3                             | 5.6                                      | 55.8                                | 2.4                                    |
| 2017 | 25.0                                       | 0.0                                          | 33.4                             | 8.4                                      | 47.2                                | 5.6                                    |
| 2018 | 24.1                                       | 0.0                                          | 35.2                             | 11.2                                     | 35.7                                | 8.9                                    |
| 2019 | 22.7                                       | 0.0                                          | 37.0                             | 14.3                                     | 21.0                                | 12.7                                   |
| 2020 | 21.0                                       | 0.0                                          | 38.5                             | 17.5                                     | 3.0                                 | 16.9                                   |
| 2021 | 19.1                                       | 0.0                                          | 39.9                             | 20.8                                     | -18.4                               | 21.2                                   |
| 2022 | 17.0                                       | 0.0                                          | 41.2                             | 24.2                                     | -43.3                               | 25.9                                   |
| 2023 | 21.9                                       | 38.5                                         | 42.3                             | 58.9                                     | -103.9                              | 63.0                                   |
| 2024 | 20.1                                       | 38.0                                         | 43.3                             | 61.3                                     | -166.9                              | 68.8                                   |
| 2025 | 18.1                                       | 37.5                                         | 44.1                             | 63.5                                     | -232.3                              | 74.6                                   |
| 2026 | -15.8                                      | 37.0                                         | 44.8                             | 97.6                                     | -332.8                              | 113.4                                  |
| 2027 | -17.5                                      | 36.5                                         | 45.5                             | 99.5                                     | -435.1                              | 120.8                                  |
| 2028 | -18.9                                      | 36.0                                         | 46.1                             | 100.9                                    | -539.0                              | 128.1                                  |
| 2029 | -20.0                                      | 35.5                                         | 46.5                             | 102.1                                    | -644.0                              | 135.0                                  |
| 2030 | -21.1                                      | 35.0                                         | 46.8                             | 102.9                                    | -749.9                              | 141.7                                  |
| 2031 | -22.0                                      | 34.6                                         | 47.0                             | 103.5                                    | -856.5                              | 148.2                                  |
| 2032 | -22.7                                      | 34.1                                         | 47.2                             | 104.0                                    | -963.5                              | 154.6                                  |
| 2033 | -23.2                                      | 33.7                                         | 47.4                             | 104.3                                    | -1,070.8                            | 160.8                                  |
| 2034 | -23.5                                      | 33.2                                         | 47.5                             | 104.2                                    | -1,178.0                            | 166.7                                  |
| 2035 | -23.7                                      | 32.8                                         | 47.4                             | 103.9                                    | -1,284.9                            | 172.3                                  |
| 2036 | -23.8                                      | 32.3                                         | 47.2                             | 103.3                                    | -1,391.2                            | 177.7                                  |
| 2037 | -23.8                                      | 31.9                                         | 47.1                             | 102.7                                    | -1,496.9                            | 183.0                                  |
| 2038 | -23.6                                      | 31.5                                         | 46.9                             | 102.0                                    | -1,601.9                            | 188.1                                  |
| 2039 | -23.4                                      | 31.1                                         | 46.6                             | 101.2                                    | -1,705.9                            | 193.1                                  |
| 2040 | -23.3                                      | 30.6                                         | 46.0                             | 99.9                                     | -1,808.8                            | 197.6                                  |
| 2041 | -23.2                                      | 30.2                                         | 45.3                             | 98.7                                     | -1,910.3                            | 202.0                                  |
| 2042 | -23.0                                      | 29.8                                         | 44.6                             | 97.4                                     | -2,010.6                            | 206.4                                  |
| 2043 | -22.9                                      | 29.4                                         | 44.0                             | 96.3                                     | -2,109.6                            | 210.8                                  |
| 2044 | -22.8                                      | 28.9                                         | 42.9                             | 94.7                                     | -2,207.0                            | 214.6                                  |
| 2045 | -22.9                                      | 28.5                                         | 41.5                             | 92.8                                     | -2,302.6                            | 218.2                                  |
| 2046 | -22.9                                      | 28.0                                         | 40.1                             | 91.0                                     | -2,396.2                            | 221.6                                  |
| 2047 | -22.9                                      | 27.6                                         | 38.8                             | 89.3                                     | -2,488.1                            | 225.0                                  |
| 2048 | -22.9                                      | 27.1                                         | 37.5                             | 87.6                                     | -2,578.2                            | 228.4                                  |
| 2049 | -23.0                                      | 26.7                                         | 36.2                             | 85.9                                     | -2,666.6                            | 231.7                                  |
| 2050 | -23.1                                      | 26.3                                         | 34.9                             | 84.2                                     | -2,753.3                            | 234.8                                  |
| 2051 | -23.2                                      | 25.8                                         | 33.5                             | 82.5                                     | -2,838.2                            | 237.9                                  |
| 2052 | -23.3                                      | 25.4                                         | 32.2                             | 81.0                                     | -2,921.5                            | 241.0                                  |
| 2053 | -23.5                                      | 25.0                                         | 31.1                             | 79.5                                     | -3,003.3                            | 244.2                                  |
| 2054 | -23.6                                      | 24.6                                         | 29.9                             | 78.0                                     | -3,083.6                            | 247.2                                  |
| 2055 | -23.7                                      | 24.2                                         | 28.7                             | 76.6                                     | -3,162.4                            | 250.2                                  |
| 2056 | -23.8                                      | 23.8                                         | 27.5                             | 75.2                                     | -3,239.8                            | 253.1                                  |
| 2057 | -24.0                                      | 23.4                                         | 26.5                             | 73.8                                     | -3,315.7                            | 256.0                                  |
| 2058 | -24.0                                      | 23.0                                         | 25.5                             | 72.5                                     | -3,390.3                            | 258.8                                  |
| 2059 | -24.1                                      | 22.6                                         | 24.5                             | 71.2                                     | -3,463.6                            | 261.6                                  |
| 2060 | -24.1                                      | 22.2                                         | 23.5                             | 69.9                                     | -3,535.5                            | 264.4                                  |
| 2061 | -24.2                                      | 21.9                                         | 22.6                             | 68.6                                     | -3,606.1                            | 267.1                                  |
| 2062 | -24.2                                      | 21.5                                         | 21.7                             | 67.4                                     | -3,675.5                            | 269.8                                  |
| 2063 | -24.2                                      | 21.2                                         | 20.9                             | 66.3                                     | -3,743.7                            | 272.5                                  |
| 2064 | -24.2                                      | 20.8                                         | 20.1                             | 65.1                                     | -3,810.7                            | 275.1                                  |
| 2065 | -24.2                                      | 20.5                                         | 19.4                             | 64.0                                     | -3,876.6                            | 277.7                                  |
| 2066 | -24.1                                      | 20.1                                         | 18.7                             | 62.9                                     | -3,941.4                            | 280.2                                  |
| 2067 | -24.1                                      | 19.8                                         | 18.0                             | 61.9                                     | -4,005.1                            | 282.7                                  |
| 2068 | -24.0                                      | 19.5                                         | 17.4                             | 60.8                                     | -4,067.7                            | 285.2                                  |
| 2069 | -23.9                                      | 19.2                                         | 16.8                             | 59.8                                     | -4,129.2                            | 287.6                                  |
| 2070 | -23.8                                      | 18.8                                         | 16.2                             | 58.8                                     | -4,189.7                            | 290.0                                  |
| 2071 | -23.6                                      | 18.5                                         | 15.7                             | 57.8                                     | -4,249.3                            | 292.3                                  |
| 2072 | -23.5                                      | 18.2                                         | 15.2                             | 56.9                                     | -4,307.8                            | 294.7                                  |
| 2073 | -23.3                                      | 17.9                                         | 14.7                             | 55.9                                     | -4,365.3                            | 296.9                                  |
| 2074 | -23.2                                      | 17.6                                         | 14.2                             | 55.0                                     | -4,421.9                            | 299.2                                  |
| 2075 | -23.0                                      | 17.3                                         | 13.8                             | 54.1                                     | -4,477.6                            | 301.4                                  |
| 2076 | -22.8                                      | 17.0                                         | 13.4                             | 53.2                                     | -4,532.4                            | 303.6                                  |
| 2077 | -22.7                                      | 16.8                                         | 13.0                             | 52.4                                     | -4,586.3                            | 305.8                                  |
| 2078 | -22.5                                      | 16.5                                         | 12.6                             | 51.5                                     | -4,639.3                            | 307.9                                  |
| 2079 | -22.3                                      | 16.2                                         | 12.2                             | 50.7                                     | -4,691.5                            | 310.0                                  |
| 1Reinvestment of dividends is not included in net purchase. |
|-------------------------------------------------------------|

**Note: Present Value discount at Treasury Bond yield**Based on Intermediate Assumptions of the 2004 Trustees Report With Ultimate Real Trust Fund Yield Rate of **3.7**With Ultimate Real Treasury Bond Yield Rate of **3.0**

Office of the Chief ActuarySocial Security AdministrationApril 13, 2005

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