[Congressional Record Volume 140, Number 137 (Tuesday, September 27, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: September 27, 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 September 20, 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 $1.9 billion in budget authority and $0.7 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, 1994-1998. The current estimate of 
the deficit for purposes of calculating the maximum deficit amount is 
$312.1 billion, $0.7 billion below the maximum deficit amount for 1994 
of $312.8 billion.
  Since the last report, dated August 16, 1994, Congress has cleared 
for the President's signature the Interstate Banking and Branching 
Efficiency Act of 1994 (H.R. 3841). 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, September 26, 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 September 23, 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 September 19, 1994, Congress 
     has cleared for the President's signature the Interstate 
     Banking and Branching Efficiency Act of 1994 (H.R. 3841). 
     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 SEPTEMBER 23, 1994    
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                      Budget                            
                                    resolution                 Current  
                                     (H. Con.     Current    level over/
                                     Res. 64)    level \2\      under   
                                       \1\                    resolution
------------------------------------------------------------------------
On-budget:                                                              
  Budget Authority...............      1,223.2      1,221.3         -1.9
  Outlays........................      1,218.1      1,217.5         -0.7
  Revenues:                                                             
    1994.........................        905.3        905.4          0.1
    1994-1998....................      5,153.1      5,122.8        -30.3
  Maximum Deficit Amount.........        312.8        312.1         -0.7
  Debt Subject to Limit..........      4,731.9      4,578.8       -153.1
Off-Budget:                                                             
  Social Security Outlays:                                              
    1994.........................        274.8        274.8        (\4\)
    1994-1998 \3\................      1,486.5      1,486.7          0.2
  Social Security Revenues:                                             
    1994.........................        336.3        335.2         -1.1
    1994-1998 \3\................      1,872.0      1,871.3         -0.7
------------------------------------------------------------------------
\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\ Includes effects, beginning in fiscal year 1995, of the Social      
  Security Independence Act of 1994, P.L. 103-296.                      
\4\ 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 SEPTEMBER 23, 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                                            
                                                                        
Appropriation Bills:                                                    
  Emergency Supplemental                                                
   Appropriations, FY 1994 (P.L.                                        
   103-211)........................      (2,286)        (248)  .........
  Foreign Operations (P.L. 103-306)          99           99   .........
  Commerce, Justice, State (P.L.                                        
   103-317)........................         670          335   .........
Authorizing Bills:                                                      
  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).....        (\5\)        (\2\)  .........
  Social Security Independence Act                                      
   of 1994 (P.L. 103-296)\4\.......  ...........  ...........  .........
  Aviation Infrastructure                                               
   Investment (P.L. 103-305).......       2,170   ...........  .........
                                    ------------------------------------
      Total enacted this session...         192         (211)  .........
                                    ====================================
         PENDING SIGNATURE                                              
                                                                        
Interstate Banking Act (H.R. 3841).           6            6   .........
    ENTITLEMENTS AND MANDATORIES                                        
                                                                        
Budget resolution baseline                                              
 estimates of appropriated                                              
 entitlements and other mandatory                                       
 programs not yet enacted..........      (5,562)       1,326   .........
                                    ====================================
Total Current Level2,3.............   1,221,340    1,217,494     905,429
Total Budget Resolution............   1,223,249    1,218,149     905,349
                                    ------------------------------------
Amount remaining:                                                       
  Under Budget Resolution..........       1,909          655   .........
  Over Budget Resolution...........  ...........  ...........         80
------------------------------------------------------------------------
\1\Includes Budget Committee estimate of $2.4 billion in outlay savings 
  for FCC spectrum license fees.                                        
\2\In accordance with the Budget Enforcement Act, the total does not    
  include $14,735 million in budget authority and $9,215 million in     
  outlays in funding for emergencies that have been designated as such  
  by the President and the Congress, and $800 million in budget         
  authority and $285 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.            
\3\At the request of Budget Committee staff, current level does not     
  include scoring of section 601 of P.L. 102-391.                       
\4\The effects of this Act begin in fiscal year 1995.                   
\5\Less than $500 thousand.                                             
                                                                        
Note.--Numbers in parentheses are negative. Detail may not add due to   
  rounding.                                                             

  

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