[Congressional Record Volume 145, Number 72 (Tuesday, May 18, 1999)]
[Senate]
[Page S5479]
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, my first for fiscal year 1999, shows the effects of 
congressional action on the budget through May 7, 1999. The estimates 
of budget authority, outlays, and revenues are consistent with the 
technical and economic assumptions of S. Res. 209, a resolution to 
provide budget levels in the Senate for purposes of fiscal year 1999, 
as amended by S. Res. 312. The estimates show that current level 
spending is above the budget resolution by $0.6 billion in budget 
authority and above the budget resolution by $0.2 billion in outlays. 
Current level is $0.2 billion above the revenue floor in 1999. The 
current estimate of the deficit for purposes of calculating the maximum 
deficit amount is $52.4 billion, less than $50 million above the 
maximum deficit amount for 1999 of $52.4 billion.
  I ask unanimous consent that the report and transmittal letter dated 
May 12, 1999, be printed in the Record.
  There being no objection, the material was ordered to be printed in 
the Record, as follows:

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                     Washington, DC, May 12, 1999.
     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 1999, shows the effects of Congressional action on the 
     1999 budget and is current through May 7, 1999. The estimates 
     of budget authority, outlays, and revenues are consistent 
     with the technical and economic assumptions of S. Res. 209, a 
     resolution to provide budget levels in the Senate for 
     purposes of fiscal year 1999, as amended by S. Res. 312. This 
     report is submitted under section 308(b) and in aid of 
     section 311 of the Congressional Budget Act, as amended.
           Sincerely,
                                                   Dan L. Crippen,
                                                         Director.
       Enclosures.

 TABLE 1.--FISCAL YEAR 1999 SENATE CURRENT LEVEL REPORT, AS OF CLOSE OF
                          BUSINESS, MAY 7, 1999
                        [In billions of dollars]
------------------------------------------------------------------------
                                                               Current
                                      Budget      Current    level over/
                                    resolution     level        under
                                   S. Res. 312                resolution
------------------------------------------------------------------------
            ON-BUDGET
 
Budget Authority.................      1,452.5      1,453.1          0.6
Outlays..........................      1,411.3      1,411.5          0.2
  Revenues:
    1999.........................      1,358.9      1,359.1          0.2
    1999-2003....................      7,187.0      7,187.7          0.7
  Deficit........................         52.4         52.4        (\1\)
  Debt Subject to Limit..........        (\2\)      5,620.2           NA
 
            OFF-BUDGET
 
Social Security Outlays:
  1999...........................        321.3        321.3          0.0
  1999-2003......................      1,720.7      1,720.7          0.0
Social Security Revenues:
  1999...........................        441.7        441.7        (\1\)
  1999-2003......................      2,395.6      2,395.5         -0.1
------------------------------------------------------------------------
\1\ Less than $50 million.
\2\ Not included in S. Res. 312.
NA = Not applicable.
 
Note.--Current level numbers are the estimated revenue and direct
  spending effects of all legislation that the 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 information from the U.S. Treasury.
 
Source: Congressional Budget Office.


  TABLE 2.--SUPPORTING DETAIL FOR THE FISCAL YEAR 1999 ON-BUDGET SENATE
       CURRENT LEVEL REPORT, AS OF CLOSE OF BUSINESS, MAY 7, 1999
                        [In millions of dollars]
------------------------------------------------------------------------
                                      Budget
                                    authority     Outlays      Revenues
------------------------------------------------------------------------
Enacted in Previous Sessions:
  Revenues.......................  ...........  ...........    1,359,099
  Permanents and other spending        919,197      880,664  ...........
   legislation...................
  Appropriation legislation......      820,578      813,989  ...........
  Offsetting receipts............     -296,825     -296,827  ...........
                                  --------------------------------------
    Total previously enacted.....    1,442,950    1,397,826    1,359,099
Entitlements and Mandatories:
  Budget resolution baseline            10,143       13,661  ...........
   estimates of appropriated
   entitlements and other
   mandatory programs not yet
   enacted.......................
Totals:
  Total Current Level............    1,453,093    1,411,487    1,359,099
  Total Budget Resolution........    1,452,512    1,411,334    1,358,919
  Amount remaining:
    Under Budget Resolution......  ...........  ...........  ...........
    Over Budget Resolution.......          581          153          180
------------------------------------------------------------------------
Source: Congressional Budget Office.



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