[Congressional Record Volume 143, Number 134 (Wednesday, October 1, 1997)]
[Senate]
[Pages S10304-S10305]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                    BUDGET SCOREKEEPING REPORT--1998

 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 is my first report for fiscal year 1998.
  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 1998 concurrent resolution on the Budget (H. Con. 
Res. 84), show that current level spending is below the budget 
resolution by $295.4 billion in budget authority and by $144.4 billion 
in outlays. Current level is $1.6 billion below the revenue floor in 
1998 and $2.6 billion above the revenue floor over the 5 years 1998-
2002. The current estimate of the deficit for purposes of calculating 
the maximum deficit amount is $30.6 billion, $142.7 billion below the 
maximum deficit amount for 1998 of $173.3 billion.

                                                    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, my first for fiscal 
     year 1998, shows the effects of Congressional action on the 
     1998 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 
     1998 Concurrent Resolution on the Budget (H. Con. Res. 84). 
     This report is submitted under Section 308(b) and in aid of 
     Section 311 of the Congressional Budget Act, as amended.
           Sincerely,
                                                     James L. Blum
                                  (For June E. O'Neill, Director).

[[Page S10305]]



  THE CURRENT LEVEL REPORT FOR THE U.S. SENATE, FISCAL YEAR 1998, 105TH 
    CONGRESS, 1ST SESSION, AS OF CLOSE OF BUSINESS SEPTEMBER 26, 1997   
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                      Budget                   Current  
                                    Resolution    Current    level over/
                                     H. Con.       level        under   
                                     Res. 84                  resolution
------------------------------------------------------------------------
            ON-BUDGET                                                   
                                                                        
Budget authority.................      1,390.8      1,095.4       -295.4
Outlays..........................      1,372.3      1,228.0       -144.4
Revenues:                                                               
  1998...........................      1,199.0      1,197.4         -1.6
  1998-2002......................      6,477.7      6,480.3          2.6
Deficit..........................        173.3         30.6       -142.7
Debt subject to limit............      5,593.5      5,301.5       -292.0
                                                                        
            OFF-BUDGET                                                  
                                                                        
Social Security outlays:                                                
  1998...........................        317.6        317.6          0.0
  1998-2002......................      1,722.4      1,722.4          0.0
Social Security revenues:                                               
  1998...........................        402.8        402.7         -0.1
  1998-2002......................      2,212.1      2,212.1        (\1\)
------------------------------------------------------------------------
\1\ Less than $50 million.                                              
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 1998, AS OF CLOSE
                     OF BUSINESS SEPTEMBER 26, 1997                     
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                      Budget                            
                                    authority     Outlays      Revenues 
------------------------------------------------------------------------
   Enacted in Previous Sessions                                         
                                                                        
Revenues.........................  ...........  ...........    1,206,379
Permanents and other spending                                           
 legislation.....................      880,313      866,860  ...........
Appropriation legislation........  ...........      241,036  ...........
    Offsetting receipts..........     -211,291     -211,291  ...........
                                  --------------------------------------
      Total previously enacted...      669,022      896,605    1,206,379
                                  ======================================
       Enacted This Session                                             
                                                                        
1997 Emergency Supplemental                                             
 Appropriations Act (P.L. 105-18)         -350         -280  ...........
Balanced Budget Act of 1997 (P.L.                                       
 105-33).........................        1,525          477          267
Taxpayer Relief Act of 1997 (P.L.                                       
 105-34).........................  ...........  ...........       -9,281
Stamp Out Breast Cancer Act (P.L.                                       
 105-41) \1\.....................  ...........  ...........  ...........
                                  --------------------------------------
      Total enacted this session.        1,175          197       -9,014
                                  ======================================
     Passed Pending Signature                                           
                                                                        
1998 Defense appropriations bill                                        
 (H.R. 2315).....................      247,709      164,702  ...........
1998 Legislative branch                                                 
 appropriations bill (H.R. 2209).        2,251        2,023  ...........
1998 Military construction                                              
 appropriations bill (H.R. 2016).        9,183        3,024  ...........
                                  --------------------------------------
      Total passed pending                                              
       signature.................      259,143      169,749  ...........
                                  ======================================
   Entitlements and Mandatories                                         
                                                                        
Budget resolution baseline                                              
 estimates of appropriated                                              
 entitlements and other mandatory                                       
 programs not yet enacted........      166,040      161,417  ...........
                                                                        
              Totals                                                    
                                                                        
      Total current level........    1,095,380    1,227,968    1,197,365
      Total budget resolution....    1,390,786    1,372,341    1,199,000
Amount remaining:                                                       
    Under budget resolution......      295,406      144,373        1,635
                                  ======================================
    Over budget resolution.......  ...........  ...........  ...........
             Addendum                                                   
                                                                        
Emergencies......................          266        2,283  ...........
Contingent emergencies...........  ...........  ...........  ...........
                                  --------------------------------------
      Total......................          266        2,283  ...........
                                  ======================================
      Total current level                                               
       including emergencies.....    1,095,646    1,230,251    1,197,365
------------------------------------------------------------------------
\1\ The revenue effects of this act begin in fiscal year 1999.          
Note: Amounts shown under ``emergencies'' represent funding for programs
  that have been deemed emergency requirements by the President and the 
  Congress. Amounts shown 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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