[Congressional Record Volume 144, Number 128 (Wednesday, September 23, 1998)]
[Senate]
[Pages S10857-S10858]
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 September 21, 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 September 8, 1998, there has been no 
action that has changed the current level of budget authority, outlays, 
and revenues.
  The report follows:
                                                    U.S. Congress,


                                  Congressional Budget Office,

                               Washington, DC, September 22, 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 September 21, 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 September 3, 1998, there has 
     been no action that has changed the current level of budget 
     authority, outlays, and revenues.
           Sincerely,
                                                  June E. O'Neill,
                                                         Director.
       Enclosures.

  THE CURRENT LEVEL REPORT FOR THE U.S. SENATE, FISCAL YEAR 1998, 105TH
    CONGRESS, 2D SESSION, AS OF CLOSE OF BUSINESS SEPTEMBER 21, 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      5,428.4       -165.1
 
            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.


[[Page S10858]]


THE ON-BUDGET CURRENT LEVEL REPORT FOR THE U.S. SENATE, 105TH CONGRESS, 2D SESSION, SENATE SUPPORTING DETAIL FOR
                          FISCAL YEAR 1998, AS OF CLOSE OF BUSINESS SEPTEMBER 21, 1998
                                            [In millions of dollars]
----------------------------------------------------------------------------------------------------------------
                                                       Budget authority         Outlays            Revenues
----------------------------------------------------------------------------------------------------------------
            ENACTED IN PREVIOUS SESSIONS
 
Revenues............................................  ..................  ..................           1,197,381
Permanents and other spending legislation...........             912,040             868,025  ..................
Appropriation legislation...........................             752,279             781,902  ..................
Offsetting receipts.................................            -283,340            -283,340  ..................
                                                     -----------------------------------------------------------
      Total previously enacted......................           1,380,979           1,366,587           1,197,381
                                                     ===========================================================
               ENACTED SECOND SESSION
 
1998 Emergency Supplemental Appropriations and                    -2,039                 310  ..................
 Rescissions (P.L. 105-174).........................
Transportation Equity Act for the 21st Century (P.L.                -923                -440  ..................
 105-178) \1\.......................................
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                    -15                 440                 608
 Act of 1998 (P.L. 105-206) \2\.....................
Homeowners' Protection Act (P.L. 105-216)...........                   2                   2  ..................
Credit Union Membership Access Act (P.L. 105-219)...  ..................  ..................               (\3\)
Act to establish the United States Capitol Police     ..................  ..................               (\3\)
 Memorial Fund (P.L. 105-223).......................
                                                     -----------------------------------------------------------
      Total, enacted second session.................              -2,967                 320                 608
                                                     ===========================================================
            ENTITLEMENTS AND MANDATORIES
 
Budget resolution baseline estimates of appropriated               8,280               7,461  ..................
 entitlements and other mandatory programs not yet
 enacted............................................
                                                     ===========================================================
                       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\ Section 8102 of this Act directed that direct spending and revenues associated with Title VIII be excluded
  from the PAYGO scorecard. At the request of committee staff, this scoring has also been excluded from current
  level. The estimates in 1998 are $365 million in budget authority and $165 million in outlays for student
  loans.
\2\ Title IX of this Act includes a technical correction to P.L. 105-178 that extends the PAYGO exclusion of
  section 8102 of that Act to also cover section 1102. At the request of committee staff, the scoring shown
  reflects removing from current level the effects of this section on spending for Federal-aid to highways.
\3\ The revenue effect of this act begins in fiscal year 1999.
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.
 
Source: Congressional Budget Office.



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