[Congressional Record Volume 140, Number 44 (Wednesday, April 20, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: April 20, 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 April 15, 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 $4.8 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 April 12, 1994, Congress approved and 
sent to the President S. 2004, extending loan ineligibility exemption 
for certain colleges. This action 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 19, 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 April 15, 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 April 11, 1994, Congress 
     approved and sent to the President S. 2004, extending loan 
     ineligibility exemption for certain colleges. This action 
     changed the current level of budget authority and outlays.
           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 APRIL 15, 1994      
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                      Budget                            
                                    resolution                 Current  
                                     (H. Con.     Current    level over/
                                   Res. 64)\1\   level\2\       under   
                                                              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
    1994-98......................      5,153.1      5,122.8        -30.3
Maximum deficit amount...........        312.8        311.7         -1.1
Debt subject to limit............      4,731.9      4,482.2       -249.7
                                                                        
            OFF-BUDGET                                                  
                                                                        
Social Security outlays:                                                
    1994.........................        274.8        274.8        (\3\)
    1994-98......................      1,486.5      1,486.5        (\3\)
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.         
\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 APRIL 15, 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 supplementary                                                 
 appropriations, fiscal year 1994                                       
 (P.L. 103-211).....................     (2,286)       (248)  ..........
Federal Workforce Restructuring Act                                     
 (P.L. 103-226).....................          48          48  ..........
Offsetting receipts.................        (38)        (38)  ..........
Housing and Community Development                                       
 Act (P.L. 103-233).................       (410)       (410)  ..........
                                     -----------------------------------
      Total enacted this session....     (2,686)       (648)  ..........
                                     ===================================
          PENDING SIGNATURE                                             
                                                                        
Extending loan ineligibility                                            
 expemption for certain colleges (S.                                    
 2004)..............................           5           3  ..........
                                                                        
    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\...........   1,218,462   1,217,054     905,429
Total budget resolution.............   1,223,249   1,218,149     905,349
                                     -----------------------------------
      Amount remaining:.............                                    
        Under budget resolution.....       4,787       1,095  ..........
        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 Public Law 103-66.                                
\3\In accordance with the Budget Enforcement Act, the total does not    
  includes $14,145 million in budget authority and $9,057 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.                                                             

  

                          ____________________