[Congressional Record Volume 144, Number 117 (Tuesday, September 8, 1998)]
[Senate]
[Pages S9995-S9996]
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 August 31, 1998. 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 $17.1 billion in budget authority and above the budget 
resolution by $1.9 billion in outlays. Current level is $1.0 billion 
below the revenue floor in 1998 and $2.9 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 
$176.4 billion, $2.9 billion above the maximum deficit amount for 1998 
of $173.5 billion.
  Since my last report, dated July 30, 1998, CBO has completed its 
estimate of the budget authority for the Transportation Equity Act for 
the 21st Century (P.L. 105-178). As a result, the current level of 
budget authority has been reduced by $923 million. This report also 
incorporates the budget authority, outlay, and revenue impacts of the 
Homeowners' Protection Act (P.L. 105-216), the Credit Union Membership 
Access Act (P.L. 105-219), and an Act to establish the United States 
Capitol Police Memorial Fund (P.L. 105-223).
  The report follows:
                                                    U.S. Congress,


                                  Congressional Budget Office,

                                Washington, DC, September 3, 1998.
     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 August 31, 1998. 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 July 30, 1998, CBO has 
     completed its estimate of the budget authority for the 
     Transportation Equity Act for the 21st Century (P.L. 105-
     178). As a result, the current level of budget authority has 
     been reduced by $923 million.
           Sincerely,
                                                  June E. O'Neill,
                                                         Director.
       Enclosures.

  THE CURRENT LEVEL REPORT FOR THE U.S. SENATE FISCAL YEAR 1998, 105TH  
     CONGRESS, 2ND SESSION, AS OF CLOSE OF BUSINESS AUGUST 31, 1998     
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                         Budget                 Current 
                                       Resolution   Current   level over/
                                         H. Con.     level       under  
                                         Res. 84              resolution
------------------------------------------------------------------------
              ON-BUDGET                                                 
                                                                        
Budget authority.....................     1,403.4    1,386.3       -17.1
Outlays..............................     1,372.5    1,374.4         1.9
Revenues:                                                               
    1998.............................     1,199.0    1,198.0        -1.0
    1998-2002........................     6,477.7    6,480.6         2.9
Deficit..............................       173.5      176.4         2.9
Debt subject to limit................     5,593.5    5,457.0      -136.5
                                                                        
              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          
  transactions.                                                         
Source.--Congressional Budget Office.                                   


  THE ON-BUDGET CURRENT LEVEL REPORT FOR THE U.S. SENATE, 105TH CONGRESS, 2ND SESSION: SENATE SUPPORTING DETAIL 
                          FOR FISCAL YEAR 1998 AS OF CLOSE OF BUSINESS AUGUST 31, 1998                          
                                            [In millions of dollars]                                            
----------------------------------------------------------------------------------------------------------------
                                                                      Budget                                    
                                                                     authority        Outlays        Revenues   
----------------------------------------------------------------------------------------------------------------
Enacted in Previous Sessions:                                                                                   
    Revenues....................................................  ..............  ..............       1,206,379
    Permanents and other spending legislation...................         880,459         867,037  ..............

[[Page S9996]]

                                                                                                                
    Appropriation legislation...................................  ..............         241,036  ..............
    Offsetting receipts.........................................        -211,291        -211,291  ..............
                                                                 -----------------------------------------------
      Total previously enacted..................................         669,168         896,782       1,206,379
                                                                 ===============================================
Enacted First Session:                                                                                          
    Authorization Acts:                                                                                         
        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. 105-                                                  
         58)....................................................              14               3              14
        National Defense Authorization Act for 1998 (P.L. 105-                                                  
         85)....................................................            -159            -159  ..............
        Adoption and Safe Families Act of 1997 (P.L. 105-89)....              -3              -1  ..............
        Savings Are Vital to Everyone's Retirement Act of 1997                                                  
         (P.L. 105-92)..........................................               1               1               1
        Veterans' Benefits Act of 1997 (P.L. 105-114)...........               3               1  ..............
        Food and Drug Modernization Act of 1997 (P.L. 105-115)..  ..............  ..............           (\1\)
        50 States Commemorative Coin Program Act of 1997 (P.L.                                                  
         105-124)...............................................               1               1  ..............
        Hispanic Cultural Center Act of 1997 (P.L. 105-127).....              13               0  ..............
        Surface Transportation Extension Act of 1997 (P.L. 103-                                                 
         130)...................................................          29,586              65  ..............
        Small Business Reauthorization Act of 1997 (P.L. 105-                                                   
         135)...................................................               0               2  ..............
        Acquisition of Real Property for Library of Congress                                                    
         (P.L. 105-144).........................................               5               3               5
        Act Amending Sec. 13031 of COBRA of 1985 (P.L. 105-150).               2               2  ..............
    Appropriation Acts:                                                                                         
        1997 Emergency Supplemental Appropriations (P.L. 105-18)            -350            -280  ..............
        Agriculture, Rural Development (P.L. 105-86)............          49,047          41,511  ..............
        Commerce, Justice, State (P.L. 105-119).................          31,744          21,242  ..............
        Defense (P.L. 105-56)...................................         247,709         164,702  ..............
        District of Columbia (P.L. 105-100).....................             855             554  ..............
        Energy and Water Development (P.L. 105-62)..............          20,732          13,533  ..............
        Foreign Operations (P.L. 105-118).......................          13,191           5,082  ..............
        Interior and Related Agencies (P.L. 105-83).............          13,841           9,091  ..............
        Labor, HHS, and Education (P.L. 105-78).................         171,761         128,411  ..............
        Legislative Branch (P.L. 105-55)........................           2,251           2,023  ..............
        Military Construction (P.L. 105-45).....................           9,183           3,024  ..............
        Transportation (P.L. 105-66)............................          13,064          13,485  ..............
        Treasury and General Government (P.L. 105-61)...........          17,106          14,168              -4
        Veterans, HUD (P.L. 105-65).............................          90,689          52,864  ..............
                                                                 -----------------------------------------------
          Total enacted first session...........................         711,811         469,805          -8,998
                                                                 ===============================================
Enacted Second Session:                                                                                         
    1998 Emergency Supplemental Appropriations and Rescissions                                                  
     (P.L. 105-174).............................................          -2,039             310  ..............
    Transportation Equity Act for the 21st Century (P.L. 105-                                                   
     178) \2\...................................................            -923            -440  ..............
    Care for Police Survivors Act of 1998 (P.L. 105-180)........               1               1  ..............
    Agriculture Export Relief Act of 1998 (P.L. 105-194)........               7               7  ..............
    Internal Revenue Service Restructuring and Reform Act of                                                    
     1998 (P.L. 105-206) \3\....................................             -15             440             608
    Homeowners' Protection Act (P.L. 105-216)...................               2               2  ..............
    Credit Union Membership Access Act (P.L. 105-219)...........  ..............  ..............           (\1\)
    Act to establish the United States Capitol Police Memorial                                                  
     Fund (P.L. 105-223)........................................  ..............  ..............           (\1\)
                                                                 -----------------------------------------------
      Total, enacted second session.............................          -2,967             320             608
                                                                 ===============================================
Entitlements and Mandatories:                                                                                   
    Budget resolution baseline estimates of appropriated                                                        
     entitlements and other mandatory programs not yet enacted..           8,280           7,461  ..............
Totals:                                                                                                         
    Total Current Level.........................................       1,386,292       1,374,368       1,197,989
    Total Budget Resolution.....................................       1,403,402       1,372,512       1,199,000
    Amount remaining:                                                                                           
        Under Budget Resolution.................................          17,110  ..............           1,011
        Over Budget Resolution..................................  ..............           1,856  ..............
Addendum:                                                                                                       
    Emergencies.................................................           5,691           3,357              -8
    Contingent Emergencies......................................             329              53  ..............
                                                                 -----------------------------------------------
      Total.....................................................           6,020           3,410              -8
      Total Current Level Including Emergencies.................       1,392,312       1,377,778       1,197,981
----------------------------------------------------------------------------------------------------------------
\1\ The revenue effect of this act begins in fiscal year 1999.                                                  
\2\ At the request of the Senate Budget Committee, the scoring for this act excludes $365 million in budget     
  authority and $165 million in outlays for student loans that were excluded from the PAYGO scorecard pursuant  
  to Sec. 8102 of the Act.                                                                                      
\3\ Budget authority and outlays shown reflect extension of the PAYGO scorecard exclusion from the              
  Transportation Equity Act for the 21st Century (P.L. 105-178) to cover sec. 1102 of that Act. Sec. 1102       
  affects spending for Federal aid to highways.                                                                 
                                                                                                                
Notes.--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.           
Current level estimates include $390 million in budget authority and $298 million in outlays for projects that  
  were cancelled by the President pursuant to the Line Item Veto Act, P.L. 104-130.                             
                                                                                                                
Source: Congressional Budget Office.                                                                    



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