[Congressional Record Volume 143, Number 148 (Wednesday, October 29, 1997)]
[Senate]
[Pages S11371-S11372]
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 October 24, 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 $34.9 billion in budget authority and above the budget 
resolution by $1.9 billion in outlays. Current level is $1.6 billion 
below the revenue floor in 1998 and $2.5 billion above the revenue 
floor over the five years 1998-2002. The current estimate of the 
deficit for purposes of calculating the maximum deficit amount is 
$177.0 billion, $3.7 billion above the maximum deficit amount for 1998 
of $173.3 billion.
  Since my last report, dated October 1, 1997, the Congress has 
cleared, and the President has signed, the Oklahoma City National 
Memorial Act of 1997 (P.L. 105-58) and the following appropriation 
acts: Further Continuing Appropriations (P.L. 105-64), Energy and Water 
Development (P.L. 105-62), Treasury and General Government (P.L. 105-
61), Veterans, Housing and Urban Development and Independent Agencies 
(P.L. 105-65), and Transportation (P.L. 105-66). These actions changed 
the current level of budget authority, outlays and revenues.
  The report follows:

[[Page S11372]]

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                 Washington, DC, October 28, 1997.
     Hon. Pete V. Domenici,
     Chairman, Committee on the Budget, U.S. Senate, Washington, 
         DC.
       Dear Mr. Chairman: The enclosed report for fiscal year 1998 
     shows the effects of Congressional action on the 1998 budget 
     and is current through October 24, 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.
       Since my last report, dated September 29, 1997, the 
     Congress has cleared, and the President has signed, the 
     Oklahoma City National Memorial Act of 1997 (P.L. 105-58) and 
     the following appropriation acts: Further Continuing 
     Appropriations (P.L. 105-64), Energy and Water Development 
     (P.L. 105-62), and Treasury and General Government (P.L. 105-
     61). In addition, the Congress has cleared for the 
     President's signature the following appropriation bills: 
     Veterans, Housing and Urban Development and Independent 
     Agencies (H.R. 2158) and Transportation (H.R. 2169). These 
     actions changed the current level of budget authority, 
     outlays and revenues.
           Sincerely,
                                                  June E. O'Neill,

                                                         Director.

  THE CURRENT LEVEL REPORT FOR THE U.S. SENATE, FISCAL YEAR 1998, 105TH
     CONGRESS, 1ST SESSION, AS OF CLOSE OF BUSINESS OCTOBER 24, 1997
                        [In billions of dollars]
------------------------------------------------------------------------
                                         Budget                 Current
                                       resolution   Current   level over/
                                        (H. Con.     level       under
                                        Res. 84)              resolution
------------------------------------------------------------------------
              ON-BUDGET
 
Budget Authority.....................     1,390.9    1,356.0       -34.9
Outlays..............................     1,372.5    1,374.4         1.9
Revenues:
  1998...............................     1,199.0    1,197.4        -1.6
  1998-2002..........................     6,477.7    6,480.2         2.5
Deficit..............................       173.3      177.0         3.7
Debt Subject to Limit................     5,593.5    5,339.1      -254.4
 
              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    2,212.3         0.2
------------------------------------------------------------------------
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
        ctions.
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 OCTOBER 24, 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
 
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\.....  ...................  ...................  ...................
Oklahoma City National Memorial Act of 1997 (P.L.                   14                    3                   14
 105-58).........................................
1997 Emergency Supplemental Appropriations Act                    -350                 -280  ...................
 (P.L. 105-18)...................................
Defense Appropriations Act (P.L. 105-56)\2\......              247,709              164,702  ...................
Energy and Water Appropriations Act (P.L. 105-                  20,732               13,533  ...................
 62)\3\..........................................
Legislative Branch Appropriations Act (P.L. 105-                 2,251                2,023  ...................
 55).............................................
Military Construction Appropriations Act (P.L.                   9,183                3,024  ...................
 105-45)\4\......................................
Treasury and General Government Appropriations                  17,106               14,168                   -4
 Act (P.L. 105-61)\5\............................
                                                  --------------------------------------------------------------
      Total enacted this session.................              298,170              197,650               -9,004
                                                  ==============================================================
             PASSED PENDING SIGNATURE
 
Veterans, HUD appropriations bill (H.R. 2158)....               90,689               52,864  ...................
Transportation appropriations bill (H.R. 2169)...               13,064               13,485  ...................
                                                  --------------------------------------------------------------
      Total passed pending signature.............              103,753               66,349  ...................
                                                  ==============================================================
         CONTINUING RESOLUTION AUTHORITY
 
Further continuing appropriations (P.L. 105-                   145,502               76,311  ...................
 64)\6\..........................................
 
           ENTITLEMENTS AND MANDATORIES
 
Budget resolution baseline estimates of                        139,518              137,458  ...................
 appropriated entitlements and other mandatory
 programs not yet enacted........................
 
                      TOTALS
 
Total current level..............................            1,355,965            1,374,373            1,197,375
Total budget resolution..........................            1,390,913            1,372,462            1,199,000
Amount remaining:
    Under budget resolution......................               39,948  ...................                1,625
    Over budget resolution.......................  ...................                1,911  ...................
                                                  --------------------------------------------------------------
                     ADDENDUM
 
Emergencies......................................                  266                2,283  ...................
Contingent emergencies...........................                    5                    3  ...................
                                                  --------------------------------------------------------------
      Total......................................                  271                2,286  ...................
      Total current level including emergencies..            1,356,236            1,376,659            1,197,375
----------------------------------------------------------------------------------------------------------------
\1\ The revenue effects of this act begin in fiscal year 1999.
\2\ Estimates include $144 million in budget authority and $73 million in outlays for items that were vetoed by
  the President on October 14, 1997.
\3\ Estimates include $19 million in budget authority and $12 million in outlays for items that were vetoed by
  the President on October 17, 1997.
\4\ Estimates include $287 million in budget authority and $28 million in outlays for items that were vetoed by
  the President on October 6, 1997.
\5\ Estimates include $2 million in budget authority and $2 million in outlays for items that were vetoed by the
  President on October 17, 1997.
\6\ This is an annualized estimate of discretionary spending provided in P.L. 105-64, which expires November 7,
  1997, for programs funded in the following appropriations bills: Agriculture, Commerce-Justice-State, District
  of Columbia, Foreign Operations, Interior, and Labor-HHS-Education. The first continuing resolution (P.L. 105-
  46) expired October 23, 1997.
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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