[Congressional Record Volume 141, Number 36 (Monday, February 27, 1995)]
[Senate]
[Pages S3224-S3225]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                       BUDGET SCOREKEEPING REPORT

 Mr. DOMENICI. 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 
[[Page S3225]] through February 24, 1995. 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. 218), show that current level spending is below 
the budget resolution by $2.3 billion in budget authority and $0.4 
billion in outlays. Current level is $0.8 billion over the revenue 
floor in 1995 and below by $8.2 billion over the 5 years 1995-99. The 
current estimate of the deficit for purposes of calculating the maximum 
deficit amount is $238.7 billion, $2.3 billion below the maximum 
deficit amount for 1995 of $241.0 billion.
  Since my last report, dated February 13, 1995, there has been no 
action that affects the current level of budget authority, outlays, or 
revenues.
  The report follows:

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                Washington, DC, February 27, 1995.
     Hon. Pete Domenici,
     Chairman, Committee on the Budget, U.S. Senate, Washington, 
         DC.
       Dear Mr. Chairman: The attached report for fiscal year 1995 
     shows the effects of Congressional action on the 1995 budget 
     and is current through February 24, 1995. The estimates of 
     budget authority, outlays and revenues are consistent with 
     the technical and economic assumptions of the 1995 Concurrent 
     Resolution on the Budget (H. Con. Res. 218). 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 of Senate scorekeeping of Section 5 of S. Con. 
     Res. 32, the 1986 First Concurrent Resolution on the Budget.
       Since my last report, dated February 13, 1995, 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 1995 104TH  
     CONGRESS, 1ST SESSION AS OF CLOSE OF BUSINESS FEBRUARY 24, 1995    
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                         Budget                         
                                       resolution               Current 
                                        (H. Con.    Current   level over/
                                          Res.      level\2\     under  
                                         218)\1\              resolution
------------------------------------------------------------------------
On-budget:                                                              
  Budget authority...................    $1,238.7   $1,236.5        -2.3
  Outlays............................     1,217.6    1,217.2        -0.4
  Revenues:                                                             
    1995.............................       977.7      978.5         0.8
    1996-1999\3\.....................     5,415.2    5,407.0        -8.2
  Maximum deficit amount.............       241.0      238.7        -2.3
  Debt subject to limit..............     4,965.1    4,747.3      -217.8
Off-budget                                                              
  Social Security outlays:                                              
    1995.............................       287.6      287.5        -0.1
    1995-1999........................     1,562.6    1,562.6        *0. 
  Social Security revenues:                                             
    1995.............................       360.5      360.3        -0.2
    1995-1999........................     1,998.4    1,998.2        -0.2
------------------------------------------------------------------------
\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 1996, of the International
  Antitrust Enforcement Act of 1994 (P.L. 103-438).                     
*Less than $50 million.                                                 
                                                                        
Note.--Detail may not add due to rounding.                              


THE ON--BUDGET CURRENT LEVEL REPORT FOR THE U.S. SENATE, 104TH CONGRESS,
 1ST SESSION, SENATE SUPPORTING DETAIL FOR FISCAL YEAR 1995 AS OF CLOSE 
                      OF BUSINESS FEBRUARY 24, 1995                     
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                       Budget                           
                                     authority     Outlays     Revenues 
------------------------------------------------------------------------
   Enacted in previous sessions                                         
                                                                        
Revenues..........................  ...........  ...........    $978,466
Permanents and other spending                                           
 legislation......................    $750,307     $706,236   ..........
Appropriation legislation.........     738,096      757,783   ..........
  Offsetting receipts.............    (250,027)    (250,027)  ..........
                                   -------------------------------------
      Total previously enacted....   1,238,376    1,213,992      978,466
                                   =====================================
   Entitlements and mandatories                                         
                                                                        
Budget resolution baseline                                              
 estimates of appropriated                                              
 entitlements and other mandatory                                       
 programs not yet enacted.........      (1,887)       3,189   ..........
                                   -------------------------------------
      Total current level\1\......   1,236,489    1,217,181      978,466
      Total budget resolution.....   1,238,744    1,217,605      977,700
                                   -------------------------------------
Amount remaining:                                                       
  Under budget resolution.........       2,255          424   ..........
  Over budget resolution..........  ...........  ...........         766
------------------------------------------------------------------------
\1\In accordance with the Budget Enforcement Act, the total does not    
  include $1,394 million in budget authority and $6,466 million in      
  outlays in funding for emergencies that have been designated as such  
  by the President and the Congress, and $877 million in budget         
  authority and $935 million in outlays for emergencies that would be   
  available only upon an official budget request from the President     
  designating the entire amount requested as an emergency requirement.  
*Less than $500 thousand.                                               
Note.--Numbers in parentheses are negative. Detail may not add due to   
  rounding.                                                             

  

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