[Congressional Record Volume 140, Number 38 (Tuesday, April 12, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: April 12, 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 March 25, 1994. The estimates on 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 $4.8 billion in budget authority and $1.1 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 
$311.7 billion, $1.1 billion below the maximum deficit amount for 1994 
of $312.8 billion.
  Since the last report dated March 22, 1994, Congresses approved and 
the President signed the Federal Workforce Restructuring Act (Public 
Law 103-226). Congress has also approved for the President's signature 
the Housing and Community Development Act (S. 1299). These actions 
changed the current level of budget authority and outlays.
  There being no objection, the report was ordered to be printed in the 
Record, as follows:

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                   Washington, DC April, 11, 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 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 March 21, 1994, Congress 
     approved and the President signed the Federal Workforce 
     Restructuring Act (P.L. 103-226). Congress has also approved 
     for the President's signature the Housing and Community 
     Development Act (S. 1299). These actions changed the current 
     level of budget authority and outlays.
           Sincerely,
                                                     James L. Blum
                             (For 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 25, 1994      
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                      Budget                   Curremt  
                                    resolution    Current    level over/
                                   (H.Con.Res.    level\2\      under   
                                      64)\1\                  resolution
------------------------------------------------------------------------
On-budget:                                                              
  Budget Authority...............      1,223.2      1,218.5         -4.8
  Outlays........................      1,218.1      1,217.1         -1.1
  Revenues:                                                             
    1994.........................        905.3        905.4          0.1
    1994-1998....................      5,153.1      5,122.8        -30.3
  Maximum Deficit Amount.........        312.8        311.7         -1.1
  Debt Subject to Limit..........      4,731.9      4,474.0       -257.9
Off-budget:                                                             
  Social Security Outlays:                                              
    1994.........................        274.8        274.8        (\3\)
    1994-1998....................      1,486.5      1,486.5        (\3\)
  Social Security Revenues:                                             
    1994.........................        336.3        335.2         -1.1
    1994-1998....................      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.         
\3\Less than $50 million.                                               
                                                                        
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 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, FY 1994 (P.L.                                          
 103-211)........................      (2,286)        (248)  ...........
Federal Workforce Restructuring                                         
 Act (P.L. 103-226)..............          48           48   ...........
  Offsetting receipts............         (38)         (38)  ...........
                                  --------------------------------------
      Total enacted this session.      (2,276)        (238)  ...........
                                  ======================================
        PENDING SIGNATURE                                               
Housing and Community Development                                       
 Act (S. 1299)...................        (410)        (410)  ...........
   ENTITLEMENTS AND MANDATORIES                                         
Budget resolution baseline                                              
 estimates of appropriated                                              
 entitlements and other mandatory                                       
 programs not yet enacted\2\.....      (5,562)       1,326   ...........
Total Current Level3, 4..........   1,216,171    1,216,803      905,429 
Total Budget Resolution..........   1,216,171    1,216,803      905,429 
Amount remaining:                                                       
  Under Budget Resolution........       7,078        1,346   ...........
  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 $13,816 million in budget authority and $8,958 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.                               
                                                                        
Note.--Numbers in parentheses are negative. Detail may not add due to   
  rounding.                                                             

  

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