$3,027,000,000,000. Fiscal year 2024: $2,996,730,000,000. Fiscal year 2025: $3,026,700,000,000. Fiscal year 2026: $3,056,970,000,000. Fiscal year 2027: $3,087,540,000,000. Fiscal year 2028: $3,118,410,000,000. (4) Deficits For purposes of the enforcement of this resolution, the amounts of the deficits are as follows: Fiscal year 2019: −$708,170,000,000. Fiscal year 2020: −$550,660,000,000. Fiscal year 2021: −$435,460,000,000. Fiscal year 2022: −$290,580,000,000. Fiscal year 2023: −$118,000,000,000. Fiscal year 2024: $49,270,000,000. Fiscal year 2025: $156,300,000,000. Fiscal year 2026: $379,030,000,000. Fiscal year 2027: $555,460,000,000. Fiscal year 2028: $649,590,000,000. (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 2019: $16,559,000,000,000. Fiscal year 2020: $17,483,000,000,000. Fiscal year 2021: $18,473,000,000,000. Fiscal year 2022: $19,554,000,000,000. Fiscal year 2023: $20,729,000,000,000. Fiscal year 2024: $21,979,000,000,000. Fiscal year 2025: $23,369,000,000,000. Fiscal year 2026: $24,943,000,000,000. Fiscal year 2027: $26,454,000,000,000. Fiscal year 2028: $27,929,000,000,000. (6) Debt held by the public The appropriate levels of debt held by the public are as follows: Fiscal year 2019: $22,278,000,000,000. Fiscal year 2020: $23,223,000,000,000. Fiscal year 2021: $24,196,000,000,000. Fiscal year 2022: $25,199,000,000,000. Fiscal year 2023: $26,320,000,000,000. Fiscal year 2024: $27,544,000,000,000. Fiscal year 2025: $28,854,000,000,000. Fiscal year 2026: $30,435,000,000,000. Fiscal year 2027: $31,792,000,000,000. Fiscal year 2028: $32,985,000,000,000. 1102. Major functional categories Congress determines and declares that the appropriate levels of new budget authority and outlays for fiscal years 2019 through 2028 for each major functional category are: (1) National Defense (050): Fiscal year 2019: (A) New budget authority, $728,697,000,000. (B) Outlays,