[Congressional Record Volume 146, Number 25 (Wednesday, March 8, 2000)]
[Senate]
[Pages S1307-S1308]
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 of 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 March 6, 2000. The estimates of budget authority, outlays, and 
revenues are consistent with the technical and economic assumptions of 
the 2000 Concurrent Resolution on the Budget (H. Con. Res. 68). The 
budget resolution figures incorporate revisions submitted to the Senate 
to reflect funding for emergency requirements, disability reviews, 
adoption assistance, the earned income tax credit initiative, and 
arrearages for international organizations, peacekeeping, and 
multilateral banks.
  The estimates show that current level spending is above the budget 
resolution by $10.3 billion in budget authority and below the budget 
resolution by $2.3 billion in outlays. Current level is $17.8 billion 
above the revenue floor in 2000. The current estimate of the deficit 
for purposes of calculating the maximum deficit amount is $20.6 
billion, which is $5.7 billion below the maximum deficit amount for 
2000 of $26.3 billion.
  Since my last report, dated February 1, 2000, the Congress has 
cleared for the President's signature the Omnibus Parks Technical 
Corrections Act of 1999 (H.R. 149). This action has changed the current 
level of budget authority and outlays.

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                    Washington, DC, March 7, 2000.
     Hon. Pete V. Domenici,
     Chairman, Committee on the Budget,
     U.S. Senate, Washington, DC.
       Dear Mr. Chairman: The enclosed report for fiscal year 2000 
     shows the effects of Congressional action on the 2000 budget 
     and is current through March 6, 2000. This report is 
     submitted under section 308(b) and in aid of section 311 of 
     the Congressional Budget Act, as amended. The estimates of 
     budget authority, outlays, and revenues are consistent with 
     the technical and economic assumptions of H. Con. Res. 68, 
     the Concurrent Resolution on the Budget for Fiscal Year 2000. 
     The budget resolution figures incorporate revisions submitted 
     to the Senate to reflect funding for emergency requirements, 
     disability reviews, adoption assistance, the earned income 
     tax credit initiative, and arrearages for international 
     organizations, peacekeeping, and multilateral banks. These 
     revisions are required by section 314 of the Congressional 
     Budget Act, as amended.
       Since my last report, dated January 27, 2000, the Congress 
     has cleared for the President's signature the Omnibus Parks 
     Technical Corrections Act of 1999 (H.R. 149). This action has 
     changed the current level of budget authority and outlays.
           Sincerely,
                                                 Barry B. Anderson
                                   (For Dan L. Crippen, Director).

[[Page S1308]]

       Enclosures.

 TABLE 1.--FISCAL YEAR 2000 SENATE CURRENT LEVEL REPORT, AS OF CLOSE OF
                         BUSINESS, MARCH 6, 2000
                        [In billions of dollars]
------------------------------------------------------------------------
                                                               Current
                                      Budget      Current    level over/
                                    resolution   level \1\      under
                                                              resolution
------------------------------------------------------------------------
            ON-BUDGET
 
Budget Authority.................      1,455.0      1,465.2         10.3
Outlays..........................      1,434.4      1,432.2         -2.3
Revenues:
  2000...........................      1,393.7      1,411.5         17.8
  2000-2009......................     16,139.1     16,914.0        774.9
Deficit b\2\.....................         26.3         20.6         -5.7
Debt Subject to Limit............      5,628.4      5,686.9         58.5
 
            OFF-BUDGET
 
Social Security Outlays:
  2000...........................        327.3        327.2        (\3\)
  2000-2009......................      3,866.9      3,866.6         -0.3
Social Security Revenues:
  2000...........................        468.0        467.8         -0.2
  2000-2009......................      5,681.9      5,681.8         -0.1
------------------------------------------------------------------------
\1\ Current level is 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.
\2\ Section 314 of the Congressional Budget Act of 1974, as amended,
  requires the deficit in the budget resolution to be changed to reflect
  increases in outlays as the result of funding for specific actions
  (emergency requirements, disability reviews, adoption assistance, the
  earned income tax credit initiative, and arrearages for international
  organizations, peacekeeping, and multilateral banks). Sec. 211 of the
  Concurrent Resolution on the Budget for Fiscal Year 2000 (H. Con. Res.
  68) allows for a decrease in revenues by an amount equal to the on-
  budget surplus on July 1, 1999, as estimated by CBO, but does not
  allow an equal adjustment to the deficit. Therefore, the deficit
  number for the budget resolution shown above reflects only the outlay
  increases made to the budget resolution between May 19, 1999, and
  November 1, 1999.
\3\ Less than $50 million.
 
Source: Congressional Budget Office.


  TABLE 2.--SUPPORTING DETAIL FOR THE FISCAL YEAR 2000 ON-BUDGET SENATE
      CURRENT LEVEL REPORT, AS OF CLOSE OF BUSINESS, MARCH 6, 2000
                        [In millions of dollars]
------------------------------------------------------------------------
                                      Budget
                                    authority     Outlays      Revenues
------------------------------------------------------------------------
   ENACTED IN PREVIOUS SESSIONS
Revenues.........................  ...........  ...........    1,411,523
Permanents and other spending          913,627      875,350  ...........
 legislation.....................
Appropriation legislation........      839,675      846,651  ...........
Offsetting receipts..............     -296,430     -296,430  ...........
                                  --------------------------------------
      Total, enacted in previous     1,456,872    1,425,571    1,411,523
       sessions..................
                                  ======================================
Passed pending signature: Omnibus            7            3  ...........
 Parks Technical Corrections Act
 of 1999 (H.R. 149)..............
Entitlements and mandatories:            8,362        6,580  ...........
 Adjustments to appropriated
 mandatories to reflect baseline
 estimates.......................
Total Current Level..............    1,465,241    1,432,154    1,411,523
Total Budget Resolution..........    1,454,952    1,434,420    1,393,684
  Current Level Over Budget             10,289  ...........       17,839
   Resolution....................
  Current Level Under Budget       ...........        2,266  ...........
   Resolution....................
 
            MEMORANDUM
 
Emergency designations...........       31,309       27,279  ...........
------------------------------------------------------------------------
Source: Congressional Budget Office.



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