[Congressional Record Volume 145, Number 128 (Tuesday, September 28, 1999)]
[Senate]
[Pages S11560-S11561]
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 24, 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

[[Page S11561]]

S. Res. 312. The budget levels have also been revised to include 
adjustments made on May 19, 1999, to reflect the amounts provided and 
designated as emergency requirements. The estimates show that current 
level spending is above the budget resolution by $0.5 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 $56.0 billion, which is equal to the maximum deficit 
amount for 1999 of $56.0 billion.
  Since my last report, dated July 19, 1999, the Congress has passed 
and the President has signed the Veterans Entrepreneurship and Small 
Business Development Act (P.L. 106-50), the Emergency Steel Loan 
Guarantee and Emergency Oil and Gas Guaranteed Loan Act (P.L. 106-51), 
the Water Resources Development Act (P.L. 106-53), and the Global 
Exploration and Development Corporation Act (P.L. 106-54). These 
actions have changed the current level of budget authority and outlays.
  I ask unanimous consent that the report and transmittal letter dated 
September 28, 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, September 28, 1999.
     Hon. Pete V. Domenici,
     Chairman, Committee on the Budget,
     U.S. Senate, Washington, DC.
       Dear Mr. Chairman: The enclosed report shows the effects of 
     Congressional action on the 1999 budget and is current 
     through September 24, 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.
       Since my last report, dated July 15, 1999, the Congress has 
     passed and the President has signed the Veterans 
     Entrepreneurship and Small Business Development Act (P.L. 
     106-50), the Emergency Steel Loan Guarantee and Emergency Oil 
     and Gas Guaranteed Loan Act (P.L. 106-51), the Water 
     Resources Development Act (P.L. 106-53), and the Global 
     Exploration and Development Corporation Act (P.L. 106-54). 
     These actions have changed the current level of budget 
     authority, outlays, and revenues.
           Sincerely,
                                                 Barry B. Anderson
                                   (For Dan L. Crippen, Director).
       Enclosures.

  TABLE 1.--FISCAL YEAR 1999 SENATE CURRENT LEVEL REPORT AS OF CLOSE OF
                      BUSINESS, SEPTEMBER 24, 1999
                        [In billions of dollars]
------------------------------------------------------------------------
                                      Budget                   Current
                                    resolution    Current    level over/
                                     (S. Res.      level        under
                                       312)                   resolution
------------------------------------------------------------------------
            ON-BUDGET
 
Budget Authority.................      1,465.3      1,465.7          0.5
Outlays..........................      1,414.9      1,415.1          0.2
Revenues:
  1999...........................      1,358.9      1,359.1          0.2
  1999-2003......................      7,187.0      7,187.7          0.7
Deficit..........................         56.0         56.0          0.0
Debt Subject to Limit............        (\1\)      5,537.4        (\2\)
 
            OFF-BUDGET
 
Social Security Outlays:
  1999...........................        321.3        321.3          0.0
999-2003.........................      1,720.7      1,720.7          0.0
Social Security Revenues:
  1999...........................        441.7        441.7        (\3\)
  1999-2003......................      2,395.6      2,395.4         -0.1
------------------------------------------------------------------------
\1\ Not included in S. Res. 312.
\2\ =not applicable.
\3\ Less than $50 million.
Source: Congressional Budget Office.
 
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.


  TABLE 2.--SUPPORTING DETAIL FOR THE FISCAL YEAR 1999 ON-BUDGET SENATE
    CURRENT LEVEL REPORT, AS OF CLOSE OF BUSINESS, SEPTEMBER 24, 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      813,987  ...........
  Offsetting receipts............     -296,825     -296,825  ...........
                                  --------------------------------------
      Total, previously enacted..    1,442,950    1,397,826    1,359,099
Enacted this session:
  1999 Emergency Supplemental           11,348        3,677  ...........
   Appropriations Act (P.L. 106-
   31)...........................
  1999 Miscellaneous Trade and     ...........  ...........            5
   Technical Corrections Act
   (P.L. 106-36).................
  Veterans Entrepreneurship and              1            1  ...........
   Small Business Development Act
   (P.L. 106-50).................
  Emergency Steel Loan Guarantee   ...........         -108  ...........
   and Emergency Oil and Gas
   Guaranteed Loan Act (P.L. 106-
   51)...........................
  Water Resources Development Act            3  ...........  ...........
   (P.L. 106-53).................
  Global Exploration and                    52           52  ...........
   Development Corporation, Kerr-
   McGee Corporation, and Kerr-
   McGee Chemical, LLC (P.L. 106-
   54)...........................
                                  --------------------------------------
      Total, enacted this session       11,404        3,622            5
Entitlements and mandatories:
  Budget resolution baseline            11,393       13,661  ...........
   estimates of appropriated
   entitlements and other
   mandatory programs not yet
   enacted.......................
                                  --------------------------------------
Totals:
  Total Current Level............    1,465,747    1,415,109    1,359,104
  Total Budget Resolution........    1,465,294    1,414,916    1,358,919
  Amount remaining:
    Under Budget Resolution......  ...........  ...........  ...........
    Over Budget Resolution.......          453          193          185
------------------------------------------------------------------------
Source: Congressional Budget Office.
 
Note.--Estimates include the following in emergency funding: $34,226
  million in budget authority and $18,802 in outlays.

  

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