[Congressional Record Volume 153, Number 106 (Thursday, June 28, 2007)]
[Senate]
[Pages S8683-S8685]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       BUDGET SCOREKEEPING REPORT

  Mr. CONRAD. Mr. President, I rise to submit to the Senate the first 
budget scorekeeping reports for the 2008 budget resolution. The 
reports, which cover fiscal years 2007 and 2008, were prepared by the 
Congressional Budget Office pursuant to section 308(b) and in aid of 
section 311 of the Congressional Budget Act of 1974, as amended.
  The reports show the effects of congressional action through June 25, 
2007. The estimates of budget authority, outlays, and revenues are 
consistent with the technical and economic assumptions of S. Con Res. 
21, the 2008 budget resolution.
  For 2007, the estimates show that current level spending equals the 
budget resolution for both budget authority and outlays while current 
level revenues exceed the budget resolution by $4.2 billion. For 2008, 
the estimates show that current level spending is below the budget 
resolution by $928.1 billion for budget authority and $586.7 billion 
for outlays while current level revenues exceed the budget resolution 
level by $34.6 billion.
  I ask unanimous consent that the letters and accompanying tables from 
CBO 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, June 27, 2007.
     Hon. Kent Conrad,
     Chairman, Committee on the Budget,
     U.S. Senate, Washington, DC.
       Dear Mr. Chairman: The enclosed report shows the effects of 
     Congressional action on the fiscal year 2007 budget and is 
     current through June 25, 2007. 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 
     S. Con. Res. 21, the Concurrent Resolution on the Budget for 
     Fiscal Year 2008, as approved by the Senate and the House of 
     Representatives.
       Pursuant to section 204(a) of S. Con. Res. 21, provisions 
     designated as emergency requirements are exempt from 
     enforcement of the budget resolution. As a result, the 
     enclosed current level report excludes these amounts (see 
     footnote 1 of Table 2 of the report). This is my first report 
     for fiscal year 2007.
           Sincerely,
                                                  Peter R. Orszag,
                                                         Director.
       Enclosure.

    TABLE 1.--SENATE CURRENT LEVEL REPORT FOR SPENDING AND REVENUES FOR FISCAL YEAR 2007, AS OF JUNE 25, 2007
                                            [In billions of dollars]
----------------------------------------------------------------------------------------------------------------
                                                                                              Current level over/
                                                       Budget resolution   Current level \2\       under (-)
                                                              \1\                                 resolution
----------------------------------------------------------------------------------------------------------------
On-Budget:
    Budget Authority................................             2,255.5             2,255.5                 0.0
    Outlays.........................................             2,268.6             2,268.6                 0.0
    Revenues........................................             1,900.3             1,904.5                 4.2
Off-Budget:
    Social Security Outlays \3\.....................               441.7               441.7                 0.0
    Social Security Revenues........................               637.6               637.6                 0.0
----------------------------------------------------------------------------------------------------------------
\1\ S. Con. Res, 21, the Concurrent Resolution on the Budget for Fiscal Year 2008, as adjusted pursuant to
  section 207(f), assumed approximately $120.8 billion in budget authority and $31.1 billion in outlays from
  emergency supplemental appropriations. Such emergency amounts are exempt from the enforcement of the budget
  resolution. Since current level totals exclude the emergency requirements enacted in P.L. 110-28 (see footnote
  1 of table 2), budget authority and outlay totals specified in the budget resolution have also been reduced
  (by the amounts assumed for emergency supplemental appropriations) for purposes of comparison.
\2\ 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.
\3\ Excludes administrative expenses of the Social Security Administration, which are off-budget, but are
  appropriated annually.
 
Source: Congressional Budget Office.


 TABLE 2.--SUPPORTING DETAIL FOR THE CURRENT LEVEL REPORT FOR ON-BUDGET
     SPENDING AND REVENUES FOR FISCAL YEAR 2007, AS OF JUNE 25, 2007
                        [In millions of dollars]
------------------------------------------------------------------------
                                   Budget
                                  authority      Outlays      Revenues
------------------------------------------------------------------------
Enacted in previous session:
    Revenues..................          n.a.          n.a.     1,904,706
    Permanents and other           1,347,423     1,297,059          n.a.
     spending legislation.....
    Appropriation legislation.     1,480,453     1,543,072          n.a.
    Offsetting receipts.......      -571,507      -571,507          n.a.
                               -----------------------------------------
        Total, enacted in          2,256,369     2,268,624     1,904,706
         previous session.....

[[Page S8684]]

 
Enacted this session:
    Appropriation Acts: U.S.            -794             9          -166
     Troop Readiness,
     Veterans' Care, Katrina
     Recovery, and Iraq
     Accountability
     Appropriations Act, 2007
     (P.L. 110-28) \1\........
                               -----------------------------------------
        Total, enacted this             -794             9          -166
         session..............
Entitlements and mandatories:            -30             0             0
 Budget resolution estimates
 of appropriated entitlements
 and other mandatory programs.
Total Current Level 1 2.......     2,255,545     2,268,633     1,904,540
Total Budget Resolution.......     2,376,348     2,299,749     1,900,340
    Adjustment to the budget        -120,803       -31,116             0
     resolution for emergency
     requirements \3\.........
    Adjusted Budget Resolution     2,255,545     2,268,633     1,900,340
Current Level Over Adjusted                0             0         4,200
 Budget Resolution............
Current Level Under Adjusted               0             0          n.a.
 Budget Resolution............
------------------------------------------------------------------------
\1\ Pursuant to section 204(a) of S. Con. Res. 21, the Concurrent
  Resolution on the Budget for Fiscal Year 2008, provisions designated
  as emergency requirements are exempt from enforcement of the budget
  resolution. The amounts so designated for fiscal year 2007, which are
  not included in the current level total, are as follows: U.S. Troop
  Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability
  Appropriations Act, 2007 (P.L. 110-28)--Budget Authority, 120,803;
  Outlays, 31,116; Revenues, n.a.
\2\ Excludes administrative expenses of the Social Security
  Administration, which are off-budget.
\3\ S. Con. Res. 21, as adjusted pursuant to section 207(f), assumed
  $120,803 million in budget authority and $31,116 million in outlays
  from emergency supplemental appropriations. Such emergency amounts are
  exempt from the enforcement of the budget resolution. Since current
  level totals exclude the emergency requirements enacted in P.L. 110-28
  (see footnote 1), budget authority and outlay totals specified in the
  budget resolution have also been reduced (by the amounts assumed for
  emergency supplemental appropriations) for purposes of comparison.
 
Notes.--n.a. = not applicable; P.L. = Public Law.
 
Source: Congressional Budget Office.


                                  ____
                                                    U.S. Congress,


                                  Congressional Budget Office,

                                    Washington, DC, June 27, 2007.
     Hon. Kent Conrad,
     Chairman, Committee on the Budget, U.S. Senate Washington, 
         DC.
       Dear Mr. Chairman: The enclosed report shows the effects of 
     Congressional action on the fiscal year 2008 budget and is 
     current through June 25, 2007. 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 
     S. Con. Res. 21, the Concurrent Resolution on the Budget for 
     Fiscal Year 2008, as approved by the Senate and the House of 
     Representatives.
       Pursuant to section 204(a) of S. Con. Res. 21, provisions 
     designated as emergency requirements are exempt from 
     enforcement of the budget resolution. As a result, the 
     enclosed current level report excludes these amounts (see 
     footnote 1 of Table 2 of the report). This is my first report 
     for fiscal year 2008.
           Sincerely,
                                                  Peter R. Orszag,
                                                         Director.
       Enclosure.

    TABLE 1.--SENATE CURRENT LEVEL REPORT FOR SPENDING AND REVENUES FOR FISCAL YEAR 2008, AS OF JUNE 25, 2007
                                            [In billions of dollars]
----------------------------------------------------------------------------------------------------------------
                                                                                              Current level over/
                                                       Budget resolution   Current level \2\       under (-)
                                                              \1\                                 resolution
----------------------------------------------------------------------------------------------------------------
On-budget
    Budget Authority................................             2,350.2             1,422.1              -928.1
    Outlays.........................................             2,353.8             1,767.1              -586.7
    Revenues........................................             2,015.8             2,050.5                34.6
Off-budget
    Social Security Outlays \3\.....................               460.2               460.2                 0.0
    Social Security Revenues........................               669.0               669.0                0.0
----------------------------------------------------------------------------------------------------------------
\1\ S. Con. Res. 21, the Concurrent Resolution on the Budget for Fiscal Year 2008, as adjusted pursuant to
  section 207(f), assumed approximately $0.6 billion in budget authority and $48.6 billion in outlays from
  emergency supplemental appropriations. Such emergency amounts are exempt from the enforcement of the budget
  resolution. Since current level totals exclude the emergency requirements enacted in P.L. 110-28 (see footnote
  1 of table 2), budget authority and outlay totals specified in the budget resolution have also been reduced
  (by the amounts assumed for emergency supplemental appropriations) for purposes of comparison. Additionally,
  section 207(c)(2)(E) of S. Con. Res. 21 assumed $145.2 billion in budget authority and $65.8 billion in
  outlays for overseas deployment and related activities. Pending action by the Senate Committee on
  Appropriations, the Senate Committee on the Budget has directed that these amounts be excluded from the budget
  resolution aggregates in the current level report.
\2\ 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.
\3\ Excludes administrative expenses of the Social Security Administration, which are off-budget, but are
  appropriated annually.
 
Source: Congressional Budget Office.


 TABLE 2.--SUPPORTING DETAIL FOR THE CURRENT LEVEL REPORT FOR ON-BUDGET
     SPENDING AND REVENUES FOR FISCAL YEAR 2008, AS OF JUNE 25, 2007
                        [In millions of dollars]
------------------------------------------------------------------------
                                   Budget
                                  authority      Outlays      Revenues
------------------------------------------------------------------------
Enacted in previous session:
    Revenues..................          n.a.          n.a.     2,050,796
    Permanents and other           1,410,115     1,351,590          n.a.
     spending legislation.....
    Appropriation legislation.             0       419,862          n.a.
    Offsetting receipts.......      -575,635      -575,635          n.a.
                               -----------------------------------------
        Total, enacted in            834,480     1,195,817     2,050,796
         previous session.....
Enacted this session:
    Appropriation Acts: U.S.               1            42          -335
     Troop Readiness,
     Veterans' Care, Katrina
     Recovery, and Iraq
     Accountability
     Appropriations Act, 2007
     (P.L. 110-28) \1\........
                               -----------------------------------------
        Total, enacted this                1            42          -335
         session..............
Entitlements and mandatories:        587,601       571,260             0
 Budget resolution estimates
 of appropriated entitlements
 and other mandatory programs.
Total Current Level1 2........     1,422,082     1,767,119     2,050,461
Total Budget Resolution.......     2,495,957     2,468,215     2,015,841
    Adjustment to the budget            -605       -48,639          n.a.
     resolution for emergency
     requirements \3\.........
    Adjustment to the budget        -145,162       -65,754          n.a.
     resolution pursuant to
     section 207(c)(2)(E) \4\.
                               -----------------------------------------
Adjusted Budget Resolution....     2,350,190     2,353,822     2,015,841
Current Level Over Adjusted             n.a.          n.a.        34,620
 Budget Resolution............
Current Level Under Adjusted         928,108       586,703          n.a.
 Budget Resolution............
------------------------------------------------------------------------
\1\ Pursuant to section 204( a) of S. Con. Res. 21, the Concurrent
  Resolution on the Budget for Fiscal Year 2008, provisions designated
  as emergency requirements are exempt from enforcement of the budget
  resolution. The amounts so designated for fiscal year 2008, which are
  not included in the current level total, are as follows: U.S. Troop
  Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability
  Appropriations Act, 2007 (P.L. 110-28)--budget authority, 605;
  outlays, 48,639; revenues, n.a.
\2\ Excludes administrative expenses of the Social Security
  Administration, which are off-budget.
\3\ S. Con. Res. 21, as adjusted pursuant to section 207(f), assumed
  $605 million in budget authority and $48,639 million in outlays from
  emergency supplemental appropriations. Such emergency amounts are
  exempt from the enforcement of the budget resolution. Since current
  level totals exclude the emergency requirements enacted in P.L. 110-28
  (see footnote 1), budget authority and outlay totals specified in the
  budget resolution have also been reduced (by the amounts assumed for
  emergency supplemental appropriations) for purposes of comparison.
\4\ Section 207(c)(2)(E) of S. Con. Res. 21 assumed $145,162 million in
  budget authority and $65,754 million in outlays for overseas
  deployment and related activities. Pending action by the Senate
  Committee on Appropriations, the Senate Committee on the Budget has
  directed that these amounts be excluded from the budget resolution
  aggregates in the current level report.
 
Notes.--n.a. = not applicable; P.L. = Public Law.
 
Source: Congressional Budget Office.


[[Page S8685]]



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