[Congressional Record Volume 142, Number 42 (Monday, March 25, 1996)]
[Senate]
[Pages S2837-S2838]
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 
through March 21, 1996. The estimates of budget authority, outlays, and 
revenues, which are consistent with the technical and economic 
assumptions of the 1996 concurrent resolution on the budget (H. Con. 
Res. 67), show that current level spending is above the budget 
resolution by $15.7 billion in budget authority and by $16.9 billion in 
outlays. Current level is $81 million below the revenue floor in 1996 
and $5.5 billion above the revenue floor over the 5 years 1996-2000. 
The current estimate of the deficit for purposes of calculating the 
maximum deficit amount is $262.6 billion, $17.0 billion above the 
maximum deficit amount for 1996 of $245.6 billion.
  Since my last report, dated March 12, 1996, Congress has cleared and 
the President has signed the 11th short-term continuing resolution 
(Public Law 104-116). In addition, the President signed an act 
providing tax benefits for members of the Armed Forces performing 
peacekeeping services in Bosnia

[[Page S2838]]

and Herzegovina, Croatia, and Macedonia (Public Law 104-117). These 
actions did not change the current level of budget authority, outlays 
or revenues.
  The report follows:


                                                U.S. Congress,

                                  Congressional Budget Office,

                                   Washington, DC, March 25, 1996.
     Hon. Pete V. Domenici,
     Chairman, Committee on the Budget,
     Washington, DC.
       Dear Mr. Chairman: The attached report for fiscal year 1996 
     shows the effects of Congressional action on the 1996 budget 
     and is current through March 21, 1996. The estimates of 
     budget authority, outlays and revenues are consistent with 
     the technical and economic assumptions of the 1996 Concurrent 
     Resolution on the Budget (H. Con. Res. 67). This report is 
     submitted under Section 308(b) and in aid of Section 311 of 
     the Congressional Budget Act, as amended.
       Since my last report dated March 11, 1996, Congress has 
     cleared, and the President has signed the eleventh short-term 
     continuing resolution (P.L. 104-116). In addition, the 
     President signed an act providing Tax Benefits for Members of 
     the Armed Forces Performing Peacekeeping Services in Bosnia 
     and Herzegovina, Croatia and Macedonia (P.L. 104-117). These 
     actions did not change the current level of budget authority, 
     outlays or revenues.
           Sincerely,
                                                  June E. O'Neill,
                                                         Director.

  THE CURRENT LEVEL REPORT FOR THE U.S. SENATE, FISCAL YEAR 1996, 104TH 
    CONGRESS, 2ND SESSION, AS OF CLOSE OF BUSINESS MAR. 21, 1996 [In    
                          billions of dollars]                          
------------------------------------------------------------------------
                                        Budget                  Current 
                                      resolution    Current   level over/
                                       (H. Con.    Level \1\     under  
                                       Res. 67)               resolution
------------------------------------------------------------------------
              ON-BUDGET                                                 
                                                                        
Budget Authority....................     1,285.5     1,301.2        15.7
Outlays.............................     1,288.1     1,305.0        16.9
Revenues:                                                               
    1996............................     1,042.5     1,042.4        -0.1
    1996-2000.......................     5,691.5     5,697.0         5.5
Deficit.............................       245.6       262.6        17.0
Debt subject to Limit...............     5,210.7     4,897.2      -313.5
                                                                        
             OFF-BUDGET                                                 
                                                                        
Social Security Outlays:                                                
    1996............................       299.4       299.4         0.0
    1996-2000.......................     1,626.5     1,626.5         0.0
Social Security Revenues:                                               
    1996............................       374.7       374.7         0.0
    1996-2000.......................     2,061.0     2,061.0        0.0 
------------------------------------------------------------------------
\1\ 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.         


 THE ON-BUDGET CURRENT LEVEL REPORT FOR THE U.S. SENATE, 104TH CONGRESS,
 2ND SESSION, SENATE SUPPORTING DETAIL FOR FISCAL YEAR 1996 AS OF CLOSE 
                        OF BUSINESS MAR. 21, 1996                       
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                        Budget                          
                                       authority    Outlays    Revenues 
------------------------------------------------------------------------
    ENACTED IN PREVIOUS SESSIONS                                        
                                                                        
Revenues............................  ..........  ..........   1,042,557
Permanents and other spending                                           
 legislation........................     830,272     798,924  ..........
Appropriation legislation...........  ..........     242,052  ..........
Offsetting receipts.................    -200,017    -200,017  ..........
                                     -----------------------------------
      Total previously enacted......     630,254     840,958   1,042,557
                                     ===================================
      ENACTED IN FIRST SESSION                                          
                                                                        
Appropriation bills:                                                    
    1995 Rescissions and Department                                     
     of Defense Emergency                                               
     Supplementals Act (P.L. 104-6).        -100        -885  ..........
    1995 Rescissions and Emergency                                      
     Supplementals for Disaster                                         
     Assistance Act (P.L. 104-19)...          22      -3,149  ..........
    Agriculture (P.L. 104-37).......      62,602      45,620  ..........
    Defense (P.L. 104-61)...........     243,301     163,223  ..........
    Energy and Water (P.L. 104-46)..      19,336      11,502  ..........
    Legislative Branch (P.L. 105-53)       2,125       1,977  ..........
    Military Construction (P.L. 104-                                    
     32)............................      11,177       3,110  ..........
    Transportation (P.L. 104-50)....      12,682      11,899  ..........
    Treasury, Postal Service (P.L.                                      
     104-52)........................      23,026      20,530  ..........
    Offsetting receipts.............      -7,946      -7,946  ..........
Authorization bills:                                                    
    Self-Employed Health Insurance                                      
     Act (P.L. 104-7)...............         -18         -18        -101
    Alaska Native Claims Settlement                                     
     Act (P.L. 104-42)..............           1           1  ..........
    Fishermen's Protective Act                                          
     Amendments of 1995 (P.L. 104-                                      
     43)............................  ..........       (\6\)  ..........
    Perishable Agricultural                                             
     Commodities Act Amendments of                                      
     1995 (P.L. 104-48).............           1       (\6\)           1
    Alaska Power Administration Sale                                    
     Act (P.L. 104-58)..............         -20         -20  ..........
    ICC Termination Act (P.L. 104-                                      
     88)............................  ..........  ..........       (\6\)
                                     -----------------------------------
      Total enacted first session...     366,191     245,845        -100
                                     ===================================
      ENACTED IN SECOND SESSION                                         
                                                                        
Appropriation bills:                                                    
    Seventh Continuing Resolution                                       
     (P.L. 104-92) \1\..............      13,165      11,037  ..........
    Ninth Continuing Resolution                                         
     (P.L. 104-99) \1\..............         792        -825  ..........
    Foreign Operations (P.L. 104-                                       
     107)...........................      12,104       5,936  ..........
    Offsetting receipts.............         -44         -44  ..........
Authorization bills:                                                    
    Gloucester Marine Fisheries Act                                     
     (P.L. 104-91) \2\..............      30,502      19,151  ..........
    Smithsonian Institution                                             
     Commemorative Coin Act (P.L.                                       
     104-96)........................           3           3  ..........
    Saddleback Mountain--Arizona                                        
     Settlement Act of 1995 (P.L.                                       
     104-102).......................  ..........          -7  ..........
    Telecommunications Act of 1996                                      
     (P.L. 104-104) \3\.............  ..........  ..........  ..........
    Farm Credit System Regulatory                                       
     Relief Act (P.L. 104-105)......          -1          -1  ..........
    National Defense Authorization                                      
     Act of 1996 (P.L. 104-106).....         369         367  ..........
    Extension of Certain Expiring                                       
     Authorities of the Department                                      
     of Veterans Affairs (P.L. 104-                                     
     110)...........................          -5          -5  ..........
    To award Congressional Gold                                         
     Medal to Ruth and Billy Graham                                     
     (P.L. 104-111).................       (\6\)       (\6\)  ..........
    An Act Providing for Tax                                            
     Benefits for Armed Forces in                                       
     Bosnia, Herzegovina, Croatia                                       
     and Macedonia (H.R. 2778)......  ..........  ..........         -38
                                     -----------------------------------
      Total enacted second session..      56,884      35,613  ..........
                                     ===================================
   CONTINUING RESOLUTION AUTHORITY                                      
                                                                        
Eleventh Continuing Resolution (P.L.                                    
 104-116) \4\.......................     116,863      54,882  ..........
                                                                        
    ENTITLEMENTS AND MANDATORIES                                        
                                                                        
Budget resolution baseline estimates                                    
 of appropriated entitlements and                                       
 other mandatory programs not yet                                       
 enacted............................     131,056     127,749  ..........
Total Current Level \5\.............   1,301,247   1,305,048   1,042,419
Total Budget Resolution.............   1,285,500   1,288,100   1,042,500
Amount remaining:                                                       
    Under Budget Resolution.........  ..........  ..........          81
    Over Budget Resolution..........      15,747      16,948  ..........
------------------------------------------------------------------------
\1\ P.L. 104-92 and P.L. 104-99 provides funding for specific           
  appropriated accounts until September 30, 1996.                       
\2\ This bill, also referred to as the sixth continuing resolution for  
  1996, provides funding until September 30, 1996 for specific          
  appropriated accounts.                                                
\3\ The effects of this Act on budget authority, outlays and revenues   
  begin in fiscal year 1997.                                            
\4\ This is an annualized estimate of discretionary funding that expires
  March 22, 1996, for the following appropriation bills: Commerce-      
  Justice, Interior, Labor-HHS-Education and Veterans-HUD.              
\5\ In accordance with the Budget Enforcement Act, the total does not   
  include $3,417 million in budget authority and $1,590 million in      
  outlays for funding of emergencies that have been designated as such  
  by the President and the Congress.                                    
\6\ Less than $500,000.                                                 
Notes: Detail may not add due to rounding.                              



                          ____________________