[Congressional Record Volume 143, Number 110 (Wednesday, July 30, 1997)]
[Senate]
[Page S8382]
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 S. Con. Res. 32, the First 
Concurrent Resolution on the Budget for 1986.
  This report shows the effects of congressional action on the budget 
through July 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 (H. Con. 
Res. 178), show that current level spending is above the budget 
resolution by $9.5 billion in budget authority and by $12.9 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 $219.9 billion, $7.4 billion below the 
maximum deficit amount for 1997 of $227.3 billion.
  Since my last report, dated June 23, 1997, there has been no action 
that has changed the current level of budget authority, outlays, or 
revenues.
  The report follows:
                                                    U.S. Congress,


                                  Congressional Budget Office,

                                    Washington, DC, July 29, 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 July 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 June 23, 1997, there has been 
     no action that has changed 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 JULY 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    1,324.4         9.5
Outlays..............................     1,311.3    1,324.2        12.9
Revenues:
    1997.............................     1,083.7    1,104.3        20.5
    1997-2001........................     5,913.3    6,015.2       101.9
Deficit..............................       227.3      219.9        -7.4
Debt subject to limit................     5,432.7    5,283.0      -149.7
 
              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 JULY 28, 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).................................
1997 Emergency Supplemental               -6,497         281  ..........
 Appropriations Act (P.L. 105-18)...
      Total, enacted this session...      -6,497         281       2,730
 
    Entitlements and mandatories
 
Budget resolution baseline estimates       5,491       6,015  ..........
 of appropriated entitlements and
 other mandatory programs not yet
 enacted............................
 
               Totals
 
Total current level.................   1,324,402   1,324,181   1,104,262
Total budget resolution.............   1,314,935   1,311,321   1,083,728
Amount remaining:
    Under budget resolution.........  ..........  ..........  ..........
    Over budget resolution..........       9,467      12,860      20,534
 
        Addendum--Emergencies
 
Funding that has been designated as        9,228       1,917  ..........
 an emergency requirement by the
 President and the Congress.........
Funding that has been designated as          315         300  ..........
 an emergency requirement only by
 the Congress and is not available
 for obligation until requested by
 the President......................
                                     -----------------------------------
      Total emergencies.............       9,543       2,217  ..........
        Total current level            1,333,945   1,326,398   1,104,262
         including emergencies......
------------------------------------------------------------------------

     

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