[Congressional Record Volume 143, Number 124 (Wednesday, September 17, 1997)]
[Senate]
[Pages S9528-S9529]
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 September 15, 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 $20.6 billion above the revenue floor in 1997 
and $36.3 billion above the revenue floor over the 5 years 1997-2001. 
The

[[Page S9529]]

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 July 30, 1997, the Congress has cleared, 
and the President has signed, the Balanced Budget Act of 1997 (P.L. 
105-33) and the Taxpayer Relief Act of 1997 (P.L. 105-34). These 
actions changed the current level of budget authority, outlays and 
revenues.
  The report follows:
                                                    U.S. Congress,


                                  Congressional Budget Office,

                               Washington, DC, September 16, 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 September 15, 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 July 29, 1997, the Congress has 
     cleared, and the President has signed, the Balanced Budget 
     Act of 1997 (P.L. 105-33) and the Taxpayer Relief Act of 1997 
     (P.L. 105-34). These actions changed the current level of 
     budget authority, outlays and revenues.
           Sincerely,
                                                    James L. Blum,
                                  (for 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 SEPTEMBER 15, 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         20.6
  1997-2001......................      5,913.3      5,949.6         36.3
Deficit..........................        227.3        219.9         -7.4
Debt Subject to Limit............      5,432.7      5,329.3       -103.4
                                                                        
            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 SEPTEMBER 15, 1997                     
                        [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 (P.L. 105-                                   
 2).................................  ..........  ..........       2,720
1997 Emergency Supplemental                                             
 Appropriations Act (P.L. 105-18)...      -6,497         281  ..........
Balanced Budget Act of 1997 (P.L.                                       
 105-33)............................           1           1  ..........
Taxpayer Relief Act of 1997 (P.L.                                       
 105-34)............................  ..........  ..........          60
                                     -----------------------------------
      Total, enacted this session...      -6,496         282       2,790
                                     ===================================
    ENTITLEMENTS AND MANDATORIES                                        
                                                                        
Budget resolution baseline estimates                                    
 of appropriated entitlements and                                       
 other mandatory programs not yet                                       
 enacted............................       5,491       6,015  ..........
                                                                        
               TOTALS                                                   
                                                                        
Total Current Level.................   1,324,403   1,324,182   1,104,322
Total Budget Resolution.............   1,314,935   1,311,321   1,083,728
Amount remaining:                                                       
  Under Budget Resolution...........  ..........  ..........  ..........
  Over Budget Resolution............       9,468      12,861      20,594
                                                                        
              ADDENDUM                                                  
                                                                        
Emergencies.........................       9,236       1,919  ..........
Contingent Emergencies..............         307         300  ..........
                                     -----------------------------------
      Total.........................       9,543       2,219  ..........
Total Current Level Including                                           
 Emergencies........................   1,333,946   1,326,401   1,104,322
------------------------------------------------------------------------
Note.--Amounts shown under ``emergencies'' represent funding for        
  programs that have been deemed emergency requirements by the President
  and the Congress. Amounts under ``contingent emergencies'' represent  
  funding designated as an emergency only by the Congress that is not   
  available for obligation until it is requested by the President and   
  the full amount requested is designated as an emergency requirement.  
                                                                        
Source: Congressional Budget Office.                            



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