[Congressional Record Volume 140, Number 24 (Tuesday, March 8, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: March 8, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                       BUDGET SCOREKEEPING REPORT

  Mr. SASSER. Madam President, I ask unanimous consent to 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 March 4, 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 (H. Con. Res. 
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 March 1, 
1994.
  There being no objection, the report was ordered to be printed in the 
Record, as follows:

                                      Congressional Budget Office,


                                                U.S. Congress,

                                    Washington, DC, March 7, 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 March 4, 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 28, 1994, there has 
     been no action that affects the current level of budget 
     authority, outlays, or revenues.
           Sincerely,
                                             Robert D. Reischauer,
                                                         Director.

  THE CURRENT LEVEL REPORT FOR THE U.S. SENATE, FISCAL YEAR 1994, 103D  
       CONGRESS, 2D SESSION, AS OF CLOSE OF BUSINESS MARCH 4, 1994      
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                         Budget                         
                                       resolution               Current 
                                        ((H. Con.   Current   level over/
                                          Res.      level\2\     under  
                                         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    4,455.9      -276.0
                                                                        
              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 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 MARCH 4, 1994                         
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                         Budget                         
                                       authority     Outlays    Revenues
------------------------------------------------------------------------
      ENACTED PREVIOUS SESSIONS                                         
                                                                        
Revenues............................  ...........  ...........   905,429
Permanents and other spending                                           
 legislation\1\.....................     721,182      694,713   ........
Appropriation legislation...........     742,749      758,885   ........
    Offseting 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                                       
 (P.L. 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..........  ...........  ...........    800634
------------------------------------------------------------------------
\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 Public Law 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 Public Law 102-391.                         
                                                                        
Notes.--Numbers in parentheses are negative. Detail may not add due to  
  rounding.                                                             

  

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