[Congressional Record Volume 140, Number 115 (Tuesday, August 16, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: August 16, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                       BUDGET SCOREKEEPING REPORT

  Mr. SASSER. Madam 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 August 13, 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 $2.6 billion in budget authority and $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 August 9, 1994, Congress has approved 
for the President's signature the Aviation Infrastructure Investment 
Act (H.R. 2739), and the Foreign Assistance Appropriations Act (H.R. 
4426). 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, August 15, 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 August 13, 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 August 8, 1994, Congress has 
     approved for the President's signature the Aviation 
     Infrastructure Investment Act (H.R. 2739), and the Foreign 
     Assistance Appropriations Act (H.R. 4426). These actions 
     changed the current level of budget authority and outlays.
           Sincerely,
                                                     James L. Blum
                                       (For Robert D. Reischauer).

   THE CURRENT LEVEL REPORT FOR THE U.S. SENATE FISCAL YEAR 1994, 103D  
       CONGRESS, 2D SESSION, AS OF CLOSE OF BUSINESS AUG. 13, 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    1,220.7        -2.6
Outlays..............................     1,218.1    1,217.2        -1.0
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    4,558.4      -173.5
                                                                        
             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 presents 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.         
ALess 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 AUG. 13, 1994                       
                        [In millions 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   ........
Offseting 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)  ..........  ........
Federal Housing Administration                                          
 Supplemental (P.L. 103-275)..........         (*)         (2)  ........
                                       ---------------------------------
    Total enacted this session........     (2,748)       (645)  ........
                                                                        
           PENDING SIGNATURE                                            
                                                                        
Aviation Infrastructure Investment Act                                  
 (H.R. 2739)..........................      2,170   ..........  ........
Foreign Assistance Appropriations Act                                   
 (H.R. 4426)..........................         99          99   ........
Total pending signature...............      2,269          99          0
                                                                        
       ENTITLEMENTS AND MANDATES                                        
                                                                        
Budget resolution baseline estimates                                    
 of appropriated entitlements and                                       
 other mandatory programs not yet                                       
 enacted\2\...........................     (5,562)      1,326   ........
                                       ---------------------------------
    Total current level\3\\4\.........  1,220,664   1,217,153    905,429
    Total budget resolution...........  1,223,249   1,218,149    905,349
                                       ---------------------------------
      Amount remaining:                                                 
        Under budget resolution.......      2,585         996   ........
        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 $14,265 million in budget authority and $9,091 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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