[Congressional Record Volume 143, Number 134 (Wednesday, October 1, 1997)]
[Senate]
[Pages S10303-S10304]
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 26, 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 
Concurrent Resolution 178, show that current

[[Page S10304]]

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 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 September 17, 1997, there has been no 
action to change the current level of budget authority, outlays, or 
revenues.
                                                    U.S. Congress,


                                  Congressional Budget Office,

                               Washington, DC, September 29, 1997.
     Hon. Pete V. Domenici,
     Chairman, Committee on the Budget,
     U.S. Senate, Washington, DC.
       Dear Mr. Chairman: The enclosed report for fiscal year 1997 
     shows the effects of Congressional action on the 1997 budget 
     and is current through September 26, 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 September 16, 1997, there has 
     been no action to change the current level of budget 
     authority, outlays or revenues.
           Sincerely,
                                                     James L. Blum
                                  (For June E. O'Neill, Director).
       Enclosure.

   THE CURRENT LEVEL REPORT FOR THE U.S. SENATE, FISCAL YEAR 1997, 105TH CONGRESS, 1ST SESSION, AS OF CLOSE OF  
                                             BUSINESS SEPT. 26, 1997                                            
                                            [In billions of dollars]                                            
----------------------------------------------------------------------------------------------------------------
                                                                         Budget                   Current level 
                                                                      resolution H.    Current     over/under   
                                                                      Con. Res. 178     level      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   5,301.5            -131.2
                                                                                                                
                            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.                                                             
                                                                                                                
Source: Congressional Budget Office.                                                                            


 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 SEPT. 26, 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)..........................  ...........  ...........        2,730
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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