[Congressional Record Volume 143, Number 26 (Tuesday, March 4, 1997)]
[Senate]
[Page S1932]
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 February 28, 1997. The estimates of budget authority, outlays, 
and revenues, which are consistent with the technical and economic 
assumptions of the 1997 concurrent resolution on the budget House Joint 
Resolution 178, show that current level spending is above the budget 
resolution by $16.9 billion in budget authority and by $12.6 billion in 
outlays. Current level is $20.5 billion above the revenue floor in 1997 
and $101.9 billion above the revenue floor over the 5 years 1997-2001. 
The current estimate of the deficit for purposes of calculating the 
maximum deficit amount is $219.6 billion, $7.6 billion below the 
maximum deficit amount for 1997 of $227.3 billion.
  Since my last report, dated January 22, 1997, the Congress has 
cleared, and the President has signed, the Airport and Airway Trust 
Fund Reinstatment Act of 1997, Public Law 105-2. This action changed 
the current level of revenues.

  The report follows:
                                                    U.S. Congress,


                                  Congressional Budget Office,

                                    Washington, DC, March 3, 1997.
     Hon. Pete V. Domenici,
     Chairman, Committee on the Budget, U.S. Senate, Washington, 
         DC.
       Dear Mr. Chairman: The attached report for fiscal year 1997 
     shows the effects of Congressional action on the 1997 budget 
     and is current through February 28, 1997. The estimates of 
     budget authority, outlays, and revenues are consistent with 
     the technical and economic assumptions of the 1997 Concurrent 
     Resolution on the Budget (H. Con. Res. 178). 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 January 21, 1997, the Congress 
     has cleared, and the President has signed, the Airport and 
     Airway Trust Fund Reinstatement Act of 1997 (H.R. 668). This 
     action changed revenues.
           Sincerely,
                                                  June E. O'Neill,
                                                         Director.

  THE CURRENT LEVEL REPORT FOR THE U.S. SENATE, FISCAL YEAR 1997, 105TH 
       CONGRESS, 1ST SESSION AS OF CLOSE OF BUSINESS FEB. 28, 1997      
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                          Budget                Current 
                                        resolution   Current  level over/
                                          H. Con.     level      under  
                                         Res. 178             resolution
------------------------------------------------------------------------
               ON-BUDGET                                                
                                                                        
Budget Authority......................    1,314.9    1,331.8        16.9
Outlays...............................    1,311.3    1,323.9        12.6
Revenues:                                                               
  1997................................    1,083.7    1,104.3        20.5
  1997-2001...........................    5,913.3    6,015.2       101.9
Deficit...............................      227.3      219.6        -7.6
Debt Subject to Limit.................    5,432.7    5,262.6      -170.1
                                                                        
              OFF-BUDGET                                                
                                                                        
Social Security Outlays:                                                
  1997................................      310.4      310.4         0  
  1997-2001...........................    2,061.3    2,061.3         0  
Social Security Revenues:                                               
  1997................................      385.0      384.7        -0.3
  1997-2001...........................    2,121.0    2,120.3        -0.7
------------------------------------------------------------------------
Note: Current level numbers are 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, 105TH CONGRESS,
      1ST SESSION, SENATE SUPPORTING DETAIL FOR FISCAL YEAR 1997\1\     
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                        Budget                          
                                       authority    Outlays    Revenues 
------------------------------------------------------------------------
    Enacted in Previous Sessions                                        
                                                                        
Revenues............................  ..........  ..........   1,101,532
Permanents and other spending                                           
 legislation........................     843,324     801,465  ..........
Appropriation legislation...........     753,927     788,263  ..........
Offsetting receipts.................    -271,843    -271,843  ..........
                                     -----------------------------------
    Total previously enacted........   1,325,408   1,317,885   1,101,532
                                     ===================================
                                                                        
        Enacted This Session                                            
                                                                        
Airport and Airway Trust Fund                                           
 Reinstatement Act of 1997 (H.R.                                        
 668)...............................  ..........  ..........       2,730
                                                                        
    Entitlements and Mandatories                                        
                                                                        
Budget resolution baseline estimates                                    
 of appropriated entitlements and                                       
 other mandatory programs not yet                                       
 enacted............................       6,428       6,015  ..........
                                                                        
               Totals                                                   
                                                                        
Total Current Level.................   1,331,836   1,323,900   1,104,262
Total Budget Resolution.............   1,314,935   1,311,321   1,083,728
Amount remaining:                                                       
    Under Budget Resolution.........  ..........  ..........  ..........
                                     -----------------------------------
    Over Budget Resolution..........      16,901      12,579      20,534
                                     ===================================
                                                                        
              Addendum                                                  
                                                                        
Emergencies:                                                            
  Funding that has been designated                                      
   as an emergency requirement by                                       
   the President and the Congress...       1,806       1,228  ..........
  Funding that has been designated                                      
   as an emergency requirement only                                     
   by the Congress and is not                                           
   available for obligation until                                       
   requested by the President.......         323         305  ..........
                                     -----------------------------------
      Total emergencies.............       2,129       1,533  ..........
                                     ===================================
      Total current level including                                     
       emergencies..................   1,333,965   1,325,433   1,104,262
------------------------------------------------------------------------
\1\ As of close of business Feb. 28, 1997.                      



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