[Congressional Record Volume 140, Number 3 (Thursday, January 27, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: January 27, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                       BUDGET SCOREKEEPING REPORT

  Mr. SASSER. Mr. President, I hereby submit to the Senate the budget 
scorekeeping report prepared by the Congressional Budget Office under 
section 308(b) and in aid of section 311 of the Congressional Budget 
Act of 1974, as amended. This report meets the requirements for Senate 
scorekeeping of section 5 of Senate Concurrent Resolution 32, the first 
concurrent resolution on the budget for 1986.
  This report, which is the first for fiscal year 1994, shows the 
effects of congressional action on the budget through November 26, 
1993, the end of the first session of the 103d Congress. The estimates 
of budget authority, outlays, and revenues, which are consistent with 
the technical and economic assumptions of the concurrent resolution on 
the budget (H. Con. Res. 287), show that current level spending is 
below the budget resolution by $1.2 billion in budget authority and is 
equal to the budget resolution in outlays. Current level is $0.1 
billion above the revenue floor in 1994 and below by $30.3 billion over 
the 5 years, 1994-98. The current estimate of the deficit for purposes 
of calculating the maximum deficit amount is $312.7 billion, $0.1 
billion below the maximum deficit amount for 1994 of $312.8 billion.
  There being no objection, the report was ordered to be printed in the 
Record, as follows:

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                 Washington, DC, January 26, 1994.
     Hon. Jim Sasser,
     Chairman, Committee on the Budget, U.S. Senate, Washington 
         DC.
       Dear Mr. Chairman: The attached report, my first for fiscal 
     year 1994, shows the effects of Congressional action on the 
     1994 budget and is current through November 26, 1993, the end 
     of the first session of the 103rd Congress. The estimates of 
     budget authority, outlays, and revenues are consistent with 
     the technical and economic assumptions of the Concurrent 
     Resolution on the Resolution on the Budget (H. Con. Res. 64). 
     This report is submitted under Section 308(b) and in aid of 
     Section 311 of the Congressional Budget Act, as amended, and 
     meets the requirements for Senate scorekeeping of Section 5 
     of S.Con. Res. 32, the 1986 First Concurrent Resolution on 
     the Budget.
       This is my first report for the second session of the 103rd 
     Congress.
     Sincerely,
                                             Robert D. Reischauer,
                                                         Director.

 THE CURRENT LEVEL REPORT FOR THE U.S. SENATE 103D CONGRESS, 2D SESSION 
                  AS OF CLOSE OF BUSINESS NOV. 26, 1993                 
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                      Budget                   Current  
                                    resolution    Current    level over/
                                     (H. Con.     level\2\      under   
                                   Res. 64)\1\                resolution
------------------------------------------------------------------------
            On-budget                                                   
                                                                        
Budget Authority.................      1,223.2      1,222.0         -1.2
Outlays..........................      1,218.1      1,218.1  ...........
Revenues:                                                               
    1994.........................        905.3        905.4          0.1
    1994-98......................      5,153.1      5,122.8        -30.3
Maximum deficit amount...........        312.8        312.7         -0.1
Debt subject to limit............      4,731.9      4,410.3       -321.6
                                                                        
            Off-budget                                                  
                                                                        
Social Security outlays:                                                
    1994.........................        274.8        274.8  ...........
    1994-98......................      1,486.5      1,486.5  ...........
Social Security revenues:                                               
    1994.........................        336.3        335.2         -1.1
    1994-98......................      1,872.0      1,871.4         -0.6
------------------------------------------------------------------------
\1\Reflects revised allocation under section 9(g) of H. Con. Res. 64 for
  the Deficit-Neutral reserve fund.                                     
\2\Current level represents the estimated revenue and direct spending   
  effects of all legislation that Congress has enacted or sent to the   
  President for his approval. In addition, full-year funding estimates  
  under current law are included for entitlement and mandatory programs 
  requiring annual appropriations even if the appropriations have not   
  been made. The current level of debt subject to limit reflects the    
  latest U.S. Treasury information on public debt transactions.         
                                                                        
Note: Detail may not add due to rounding.                               


 THE ON-BUDGET CURRENT LEVEL REPORT FOR THE U.S. SENATE, 103D CONGRESS, 
2D SESSION, SENATE SUPPORTING DETAIL FOR FISCAL YEAR 1994 AS OF CLOSE OF
                         BUSINESS NOV. 26, 1993                         
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                      Budget                            
                                    authority     Outlays      Revenues 
------------------------------------------------------------------------
   ENACTED IN PREVIOUS SESSIONS                                         
                                                                        
Revenues.........................  ...........  ...........     878,100 
Permanents and other spending                                           
 legislation.....................     740,893      699,501   ...........
Appropriation legislation........  ...........     241,770   ...........
    Offsetting receipts..........    (183,477)    (183,477)  ...........
                                  --------------------------------------
      Total previously enacted...     557,415      757,794      878,100 
                                                                        
 ENACTED IN FIRST SESSION SIGNED                                        
             INTO LAW                                                   
                                                                        
Appropriation legislation:                                              
    1993 Spring Supplemental                                            
     (P.L. 103-50)...............          10         (292)  ...........
    Agriculture (P.L. 103-111)...      70,561       42,579   ...........
    Commerce, Justice, State                                            
     (P.L. 103-121)..............      23,273       17,255   ...........
      Offsetting receipts........        (146)        (146)  ...........
    Defense (P.L. 103-139).......     240,560      161,188   ...........
    District of Columbia (P.L.                                          
     103-127)....................         700          698   ...........
    Energy and Water (P.L. 103-                                         
     126)........................      22,166       13,101   ...........
      Offsetting receipts........        (175)        (175)  ...........
    Foreign Operations (P.L. 103-                                       
     87).........................      12,983        5,869   ...........
      Offsetting receipts........         (44)         (44)  ...........
    Interior (P.L. 103-138)......      13,378        8,813   ...........
    Labor, HHS, Education (P.L.                                         
     103-112)....................     223,497      183,014   ...........
      Offsetting receipts........     (46,061)     (46,061)  ...........
    Legislative Branch (P.L. 103-                                       
     69).........................       2,270        2,063   ...........
    Military Construction (P.L.                                         
     103-110)....................      10,065        2,403   ...........
    Transportation (P.L. 103-122)      13,884       12,636   ...........
    Treasury (P.L. 103-123)......      22,352       19,811   ...........
      Offsetting receipts........      (7,063)      (7,063)  ...........
    Veterans, HUD (P.L. 103-124).      87,047       47,972   ...........
      Offsetting receipts........         (12)         (12)  ...........
Authorizing legislation:                                                
    Emergency Unemployment                                              
     Compensation (P.L. 103-6)...          (2)          (2)  ...........
    Authorize Construction of                                           
     World War II Memorial (P.L.                                        
     103-32).....................           1            1   ...........
    CIA Voluntary Separation                                            
     Incentive Act (P.L. 103-36).           7            7   ...........
    Unclaimed Deposit Amendments                                        
     Act (P.L. 103-44)...........  ...........          17   ...........
    Transfer Naval Vessels to                                           
     Foreign Countries (P.L. 103-                                       
     54).........................          (3)          (3)  ...........
    Omnibus Budget Reconciliation                                       
     Act of 1993 (P.L. 103-66)\1\      (2,885)      (5,959)      27,489 
    Extending Chapter 12 of                                             
     Bankruptcy Code (P.L. 103-                                         
     65).........................  ...........  ...........          (1)
    National Service Trust Act                                          
     (P.L. 103-82)...............          20           12   ...........
    Extending MFN Status to                                             
     Romania (P.L. 103-133)......  ...........  ...........          (9)
    Unemployment Compensation                                           
     Amendments (P.L. 103-152)...       1,070        1,070   ...........
    Brady Handgun Violence                                              
     Prevention Act (P.L. 103-                                          
     159)........................  ...........  ...........           2 
    National Defense                                                    
     Authorization Act, 1994                                            
     (P.L. 103-160)..............          23           13   ...........
    Lease of Naval Vessels to                                           
     Certain Foreign Countries                                          
     (P.L. 103-174)..............         (27)         (27)  ...........
    NAFTA Implementation Act                                            
     (P.L. 103-182)..............        (152)        (152)        (151)
    Jefferson Commemorative Coin                                        
     Act (P.L. 103-186)..........          (7)          (7)  ...........
    Government Securities Reform                                        
     Act (P.L. 103-202)..........  ...........  ...........          (1)
    Coast Guard Authorization                                           
     (P.L. 103-206)..............          (1)          (1)  ...........
    Higher Education Technical                                          
     Amendments (P.L. 103-208)...           3   ...........  ...........
                                  --------------------------------------
      Total signed into law......     687,290      458,579       27,329 
                                                                        
   ENTITLEMENTS AND MANDATORIES                                         
                                                                        
Budget resolution baseline                                              
 estimates of appropriated                                              
 entitlements and other mandatory                                       
 programs not yet enacted\2\.....     (22,700)       1,712   ...........
                                  --------------------------------------
      Total current level\3\\4\..   1,222,005    1,218,085      905,429 
      Total budget resolution....   1,223,249    1,218,149      905,349 
                                  --------------------------------------
                                                                        
        Amount remaining:                                               
                                                                        
        Under budget resolution..       1,244           64   ...........
        Over budget resolution...  ...........  ...........          80 
------------------------------------------------------------------------
\1\Includes budget committee estimate of $2.4 billion in outlay savings 
  for FCC spectrum license fees.                                        
\2\Includes changes to baseline estimates of appropriated mandatories   
  due to enactment of P.L. 103-66.                                      
\3\In accordance with the Budget Enforcement Act, the total does not    
  include $3,781 million in budget authority and $5,926 million in      
  outlays in emergency funding.                                         
\4\At the request of Committee staff, current level does not include    
  scoring of section 601 of P.L. 102-391.                               
                                                                        
Notes: Amounts in parentheses are negative. Detail may not add due to   
  rounding.                                                             

  

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