[Congressional Record Volume 140, Number 20 (Tuesday, March 1, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: March 1, 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 shows the effects of congressional action on the budget 
through February 25, 1994. The estimates of budget authority, outlays, 
and revenues, which are consistent with the technical and economic 
assumptions of the concurrent resolution on the budget House Concurrent 
Resolution 287, show that current level spending is below the budget 
resolution by $4.4 billion in budget authority and $0.7 billion 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 $312.1 billion, $0.7 billion below the maximum deficit amount 
for 1994 of $312.8 billion.
  There has been no action that affects the current level of budget 
authority, outlays, or revenues since the last report, dated February 
23, 1994.
  There being no objection, the report was ordered to be printed in the 
Record, as follows:

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                Washington, DC, February 28, 1994.
     Hon. Jim Sasser,
     Chairman, Committee on the Budget, U.S. Senate, Washington, 
         DC.
       Dear Mr. Chairman: The attached report shows the effects of 
     Congressional action on the 1994 budget and is current 
     through February 25, 1994. The estimates of budget authority, 
     outlays, and revenues are consistent with the technical and 
     economic assumptions of the Concurrent 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.
       Since my last report, dated February 22, 1994, there has 
     been no action that affects the current level of budget 
     authority, outlays, or revenues.
           Sincerely,
                                                     James T. Blum
                                       (For Robert D. Reischauer).

   THE CURRENT LEVEL REPORT FOR THE U.S. SENATE FISCAL YEAR 1994, 103D  
     CONGRESS, 2D SESSION, AS OF CLOSE OF BUSINESS FEBRUARY 25, 1994    
                        [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      1,218.9         -4.4
Outlays..........................      1,218.1      1,217.5         -0.7
Revenues:                                                               
    1994.........................        905.3        905.4          0.1
    1994-98......................      5,153.1      5,122.8        -30.3
Maximum deficit amount...........        312.8        312.1         -0.7
Debt subject to limit............      4,731.9      4,451.3       -280.6
                                                                        
            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 FEBRUARY 25, 1994                       
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                      Budget                            
                                    authority     Outlays      Revenues 
------------------------------------------------------------------------
   ENACTED IN PREVIOUS SESSIONS                                         
                                                                        
Revenues.........................  ...........  ...........      905,429
Permanents and other spending                                           
 legislation\1\..................     721,182      694,713   ...........
Appropriation legislation........     742,749      758,885   ...........
Offsetting receipts..............    (237,226)    (237,226)  ...........
                                  --------------------------------------
      Total previously enacted...   1,226,705    1,216,372       905,429
                                                                        
       ENACTED THIS SESSION                                             
                                                                        
Emergency supplemental                                                  
 appropriations, fiscal year 1994                                       
 (Public Law 103-211)............      (2,286)        (248)  ...........
                                                                        
   ENTITLEMENTS AND MANDATORIES                                         
                                                                        
Budget resolution baseline                                              
 estimates of appropriated                                              
 entitlements and other mandatory                                       
 programs not yet enacted\2\.....      (5,562)       1,326   ...........
                                  --------------------------------------
      Total current level\3\\4\..   1,218,857    1,217,451       905,429
      Total budget resolution....   1,223,249    1,218,149       905,349
                                  --------------------------------------
Amount remaining:                                                       
      Under budget resolution....       4,392          698   ...........
      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 $13,608 million in budget authority and $8,896 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.--Numbers in parentheses are negative. Detail may not add due to  
  rounding.                                                             

  

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