[Congressional Record Volume 143, Number 67 (Tuesday, May 20, 1997)]
[Senate]
[Pages S4770-S4771]
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 May 19, 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 (H. Con. 
Res. 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 April 15, 1997, there has been no action 
to change the current level of budget authority, outlays or revenues.
  The report follows:
                                                    U.S. Congress,


                                  Congressional Budget Office,

                                     Washington, DC, May 20, 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 May 19, 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 April 15, 1997, there has been 
     no action to 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 1997, 105TH
       CONGRESS, 1ST SESSION, AS OF CLOSE OF BUSINESS MAY 19, 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    5,257.7      -175.0
 
              OFF-BUDGET
 
Social Security outlays:
  1997...............................       310.4      310.4         0.0
  1997-2001..........................     2,061.3    2,061.3         0.0
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, AS OF CLOSE
                        OF BUSINESS MAY 19, 1997
                        [In millions of dollars]
------------------------------------------------------------------------
                                      Budget
                                    authority     Outlays      Revenues
------------------------------------------------------------------------
   Enacted in Previous Sessions
 
Revenues.........................  ...........  ...........    1,101,532
Permanents and other spending          843,324      801,465  ...........
 legislation.....................
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      ...........  ...........        2,730
 Reinstatement Act of 1997 (P.L.
 105-2)..........................
 
   Entitlements and Mandatories
 
Budget resolution baseline               6,428        6,015  ...........
 estimates of appropriated
 entitlements and other mandatory
 programs not yet enacted........
                                  --------------------------------------
 
              Totals
 
      Total current level........    1,331,836    1,323,900    1,104,262

[[Page S4771]]

 
      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                1,814        1,233  ...........
     designated as an emergency
     requirement by the President
     and the Congress............
    Funding that has been                  315          300  ...........
     designated as an emergency
     requirement only by the
     Congress and is not
     available for obligation
     until requested by the
     President...................
                                  --------------------------------------
    Total emergencies............        2,129        1,533  ...........
    Total current level including    1,333,965    1,325,433  1,104,262