[Congressional Record Volume 140, Number 66 (Tuesday, May 24, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: May 24, 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 May 19, 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 $4.9 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 May 18, 1994, Congress has approved for 
the President's signature the Airport Improvement Program Temporary 
Extension Act (S. 2024), changing the current level of budget 
authority.
  There being no objection, the report was ordered to be printed in the 
Record, as follows:

                                  Congressional Budget Office,

                                     Washington, DC, May 23, 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 May 19, 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 May 16, 1994, Congress has 
     approved for the President's signature the Airport 
     Improvement Program Temporary Extension Act (S. 2024), 
     changing the current level of budget authority.
           Sincerely,
                                             Robert D. Reischauer.

  THE CURRENT LEVEL REPORT FOR THE U.S. SENATE, FISCAL YEAR 1994, AS OF 
                     CLOSE OF BUSINESS MAY 19, 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     1,218.4        -4.9
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     4,503.6      -228.3
                                                                        
             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.         
*Less than $50 million.                                                 
                                                                        
Note.--Detail may not add due to rounding.                              


     THE ON-BUDGET CURRENT LEVEL REPORT FOR THE U.S. SENATE, SENATE     
 SUPPORTING DETAIL FOR FISCAL YEAR 1994 AS OF CLOSE OF BUSINESS MAY 19, 
                                  1994                                  
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                          Budget                Revenues
                                         Authority    Outlays           
------------------------------------------------------------------------
     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)  ........
Housing and Community Development Act                                   
 (P.L. 103-233).......................       (410)       (410)  ........
Extending Loan Ineligibility Exemption                                  
 for Colleges (P.L. 103-235)..........          5           3   ........
Foreign Relations Authorization Act                                     
 (P.L. 103-236).......................         (2)         (2)  ........
Marine Mammal Protection Act                                            
 Amendments (P.L. 103-238)............  ..........          4   ........
                                       ---------------------------------
    Total enacted this session........     (2,683)       (643)  ........
                                       =================================
           PENDING SIGNATURE                                            
                                                                        
Airport Improvement Program Temporary                                   
 Assistance Act (S. 2024).............        (65)  ..........  ........
                                                                        
     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\............  1,218,395   1,217,056    905,429
Total Budget Resolution...............  1,223,249   1,218,149   950,349 
                                       ---------------------------------
Amount remaining:                                                       
    Under Budget Resolution...........      4,854       1,093   ........
    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 Balanced Budget and Emergency Deficit Control 
  Act of 1985, the total does not include $14,145 million in budget     
  authority and $9,057 million in outlays in emergency funding.         
\4\At the request of Budget 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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