[Congressional Record Volume 140, Number 90 (Wednesday, July 13, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: July 13, 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 July 1, 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 $4.9 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 June 27, 1994, there has been no action 
that affects the current level of budget authority, outlays, or 
revenues.
  Mr. President, I ask that the report be printed in the Record.
  There being no objection, the report was ordered to be printed in the 
Record, as follows:

                                  Congressional Budget Office,

                                    Washington, DC, July 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 July 1, 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 June 27, 1994, there has been 
     no action that affects the current level of budget authority, 
     outlays, or revenues.
           Sincerely,
                                             Robert D. Reischauer.

              THE CURRENT LEVEL REPORT FOR THE U.S. SENATE              
  [Fiscal Year 1994, 103d Congress, 2d Session as of Close of Business  
                  July 1, 1994; in billions of dollars]                 
------------------------------------------------------------------------
                                          Budget                Current 
                                        resolution   Current  level over/
                                         (H. Con.   level\2\     under  
                                           Res.               resolution
                                          64)\1\                        
------------------------------------------------------------------------
               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   4,537.3     -194.6 
                                                                        
              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.         
                                                                        
*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 July 1, 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)  ........
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   ........
Airport Improvement Program Temporary                                   
 Assistance Act (P.L. 103-260)........        (65)  ..........  ........
                                       ---------------------------------
    Total enacted this session........     (2,748)       (643)  ........
                                       =================================
                                                                        
           Pending Signature                                            
                                                                        
Federal Housing Administration                                          
 Supplemental (H.R. 4568).............         (*)         (2)  ........
                                                                        
     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   1,217,054    905,429
    Total Budget Resolution...........  1,223,249   1,218,149    905,349
Amount remaining:                                                       
    Under Budget Resolution...........      4,854       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 P.L. 103-66.                                      
\3\In accordance with the Budget Enforcement Act, the total does not    
  include $14,203 million in budget authority and $9,079 million in     
  outlays in funding for emergencies that have been designated as such  
  by the President and the Congress, and $757 million in budget         
  authority and $291 million in outlays for emergencies that would be   
  available only upon an official budget request from the President     
  designating the entire amount as an emergency requirement.            
\4\At the request of Budget Committee staff, current level does not     
  include scoring of section 601 of P.L. 102-391.                       
                                                                        
*Less than $500 thousand.                                               
                                                                        
Notes: Numbers in parentheses are negative. Detail may not add due to   
  rounding.                                                             

  

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