[Congressional Record Volume 148, Number 71 (Tuesday, June 4, 2002)]
[Senate]
[Pages S4955-S4956]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       BUDGET SCOREKEEPING REPORT

  Mr. CONRAD. 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 shows the effects of congressional action on the 2002 
budget through May 21, 2002. The estimates, which are consistent with 
the technical and economic assumptions of H. Con. Res. 83, the 
Concurrent Resolution on the Budget for Fiscal Year 2002, show that 
current level spending in 2002 is below the budget resolution by $11.6 
billion in budget authority and by $18.8 billion in outlays. Current 
level revenues are equal to the revenue floor in 2002.
  I ask unanimous consent that the report 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 22, 2002.
     Hon. Kent Conrad,
     Chairman, Committee on the Budget,
     U.S. Senate, Washington, DC.
       Dear Mr. Chairman: The enclosed tables show the effects of 
     Congressional action on the 2002 budget and are current 
     through May 21, 2002. 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. 83, the Concurrent Resolution on the Budget for 
     Fiscal Year 2002.

[[Page S4956]]

       Since my last report dated February 13, 2002, the Congress 
     has cleared and the President has signed the following acts 
     that changed budget authority, outlays, and revenues for 
     2002: the Job Creation and Worker Assistance Act of 2002 
     (P.L. 107-147) and the Farm Security and Rural Investment Act 
     of 2002 (P.L. 107-171). In addition, the Congress has cleared 
     for the President's signature the Clergy Housing 
     Clarification Act of 2002 (H.R. 4156), which changed revenues 
     for 2002. The effects of these actions are identified in 
     Table 2.
           Sincerely,
                                                   Dan L. Crippen,
                                                         Director.

   TABLE 1.--SENATE CURRENT-LEVEL REPORT FOR SPENDING AND REVENUES FOR
                  FISCAL YEAR 2002, AS OF MAY 21, 2002
                        [In billions of dollars]
------------------------------------------------------------------------
                                                                Current
                                        Budget      Current   level over/
                                      resolution   level \1\   under (-)
                                                              resolution
------------------------------------------------------------------------
On-Budget:
  Budget Authority..................     1,680.6     1,668.9       -11.6
  Outlays...........................     1,646.0     1,627.2       -18.8
  Revenues..........................     1,629.2     1,629.2  ..........
Off-Budget:
  Social Security Outlays...........       356.6       356.6  ..........
  Social Security Revenues..........       532.3       532.3  ..........
------------------------------------------------------------------------
\1\ Current level is the estimated effect on revenue and spending 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.
 
Source: Congressional Budget Office.


 TABLE 2.--SUPPORTING DETAIL FOR THE SENATE CURRENT-LEVEL REPORT FOR ON-BUDGET SPENDING AND REVENUES FOR FISCAL
                                          YEAR 2002, AS OF MAY 21, 2002
----------------------------------------------------------------------------------------------------------------
                                                                      Budget
                                                                     authority        Outlays        Revenues
----------------------------------------------------------------------------------------------------------------
Enacted in previous sessions:
    Revenues....................................................            n.a.            n.a.       1,671,726
    Permanents and other spending legislation \1\...............         991,545         943,568            n.a.
    Appropriation legislation...................................       1,008,487         996,258            n.a.
    Offsetting receipts.........................................        -322,403        -322,403            n.a.
                                                                 -----------------------------------------------
            Total, enacted in previous sessions.................       1,677,629       1,617,423       1,671,726
Enacted this session:
    An act to amend the Higher Education Act of 1965 to                     -195            -180  ..............
     establish fixed interest rates (P.L. 107-139)..............
    Job Creation and Worker Assistance Act of 2002 (P.L. 107-              6,049           5,820         -42,526
     147).......................................................
    Farm Security and Rural Investment Act of 2002 (P.L. 107-              2,464           1,610  ..............
     171).......................................................
                                                                 -----------------------------------------------
            Total, enacted this session.........................           8,318           7,250         -42,526
    Passed pending signature: Clergy Housing Clarification Act    ..............  ..............           (\2\)
     of 2002 (H.R. 4156)........................................
    Entitlements and mandatories: Difference between enacted             -17,019           2,489            n.a.
     levels and budget resolution estimates for appropriated
     entitlements and other mandatory programs..................
    Total Current Level.........................................       1,668,928       1,627,162       1,629,200
    Total Budget Resolution.....................................       1,680,564       1,645,999       1,629,200
    Current Level Over Budget Resolution........................            n.a.            n.a.  ..............
    Current Level Under Budget Resolution.......................          11,636          18,837  ..............
    Memorandum: Emergency designations for bills in this report.          30,184          30,939         39,465
----------------------------------------------------------------------------------------------------------------
\1\ Excludes administrative expenses of the Social Security Administration, which are off-budget.
\2\ Less than $500,000.
Sources: Congressional Budget Office.
Note: n.a. = not applicable; P.L. = Public Law.



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