Fiscal year 2021: $785,164,000,000. Fiscal year 2022: $897,085,000,000. Fiscal year 2023: $892,854,000,000. Fiscal year 2024: $863,233,000,000. Fiscal year 2025: $946,057,000,000. Fiscal year 2026: $1,008,577,000,000. (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 2017: $20,034,788,000,000. Fiscal year 2018: $20,784,183,000,000. Fiscal year 2019: $21,625,729,000,000. Fiscal year 2020: $22,504,763,000,000. Fiscal year 2021: $23,440,271,000,000. Fiscal year 2022: $24,509,421,000,000. Fiscal year 2023: $25,605,527,000,000. Fiscal year 2024: $26,701,273,000,000. Fiscal year 2025: $27,869,175,000,000. Fiscal year 2026: $29,126,158,000,000. (6) Debt held by the public The appropriate levels of debt held by the public are as follows: Fiscal year 2017: $14,593,316,000,000. Fiscal year 2018: $15,198,740,000,000. Fiscal year 2019: $15,955,144,000,000. Fiscal year 2020: $16,791,740,000,000. Fiscal year 2021: $17,713,599,000,000. Fiscal year 2022: $18,787,230,000,000. Fiscal year 2023: $19,901,290,000,000. Fiscal year 2024: $21,033,163,000,000. Fiscal year 2025: $22,301,661,000,000. Fiscal year 2026: $23,691,844,000,000. 1102. Major functional categories Congress determines and declares that the appropriate levels of new budget authority and outlays for fiscal years 2017 through 2026 for each major functional category are: (1) National Defense (050): Fiscal year 2017: (A) New budget authority, $623,910,000,000. (B) Outlays, $603,716,000,000. Fiscal year 2018: (A) New budget authority, $618,347,000,000. (B) Outlays, $601,646,000,000. Fiscal year 2019: (A) New budget authority, $632,742,000,000. (B) Outlays, $617,943,000,000. Fiscal year 2020: (A) New budget authority, $648,198,000,000. (B) Outlays, $632,435,000,000. Fiscal year 2021: (A) New budget authority, $663,703,000,000. (B) Outlays, $646,853,000,000. Fiscal year 2022: (A) New budget authority, $679,968,000,000. (B) Outlays,