[Congressional Record (Bound Edition), Volume 149 (2003), Part 8]
[House]
[Pages 10558-10559]
[From the U.S. Government Publishing Office, www.gpo.gov]




     REVISIONS TO THE 302(a) ALLOCATIONS AND BUDGETARY AGGREGATES 
  ESTABLISHED BY THE CONCURRENT RESOLUTIONS ON THE BUDGET FOR FISCAL 
                        YEARS 2004 THROUGH 2013

  The SPEAKER pro tempore. Under a previous order of the House, the 
gentleman from Iowa (Mr. Nussle) is recognized for 5 minutes.
  Mr. NUSSLE. Madam Speaker, I submit for printing in the Congressional 
Record revisions to the 302(a) allocations and budgetary aggregates 
established by H. Con. Res. 95, the Concurrent Resolution on the Budget 
for Fiscal Year 2004. The authority to make these adjustments is 
derived from Sections 421 and 507 of H. Con. Res. 95 (H. Rept. 108-71).
  As enacted, H.R. 1559, a bill making emergency wartime supplemental 
appropriations for the fiscal year ending September 30, 2003, contains 
changes in new budget authority, outlays and revenues that differ from 
those assumed in the budget resolution. For fiscal year 2003, the 
supplemental provides $4,432,000,000 in budget authority, 
$3,745,000,000 in outlays, and $2,000,000 in revenues above the amounts 
assumed in H. Con. Res. 95. The supplemental also provides $215,000,000 
in additional new budget authority and $332,000,000 in additional 
outlays for fiscal year 2004; over the period of fiscal years 2004 
through 2013, it provides an additional $888,000,000 in budget 
authority and $1,406,000,000 in outlays over the amounts assumed in the 
resolution.
  Under section 421 of the resolution, the Chairman of the Budget 
Committees are authorized to adjust the budget resolution to reflect 
the differences between the levels assumed in the budget resolution for 
the supplemental and the levels provided in the enacted bill. The 
adjusted levels of budget authority and outlays in the functional 
levels for net interest (900) and allowances (920) are as follows:


                           net interest (900)

  Fiscal year 2003: $240,203,000,000 in new budget authority and 
$240,203,000,000 in outlays.

[[Page 10559]]

  Fiscal year 2004: $259,528,000,000 in new budget authority and 
$259,528,000,000 in outlays.
  Fiscal year 2005: $310,822,000,000 in new budget authority and 
$310,822,000,000 in outlays.
  Fiscal year 2006: $352,463,000,000 in new budget authority and 
$352,463,000,000 in outlays.
  Fiscal year 2007: $380,846,000,000 in new budget authority and 
$380,846,000,000 in outlays.
  Fiscal year 2008: $405,947,000,000 in new budget authority and 
$405,947,000,000 in outlays.
  Fiscal year 2009: $429,867,000,000 in new budget authority and 
$429,867,000,000 in outlays.
  Fiscal year 2010: $450,997,000,000 in new budget authority and 
$450,997,000,000 in outlays.
  Fiscal year 2011: $473,746,000,000 in new budget authority and 
$473,746,000,000 in outlays.
  Fiscal year 2012: $496,401,000,000 in new budget authority and 
$496,401,000,000 in outlays.
  Fiscal year 2013: $514,926,000,000 in new budget authority and 
$514,926,000,000 in outlays.


                            allowances (920)

  Fiscal year 2003: $79,190,000,000 in new budget authority and 
$42,024,000,000 in outlays.
  Fiscal year 2004: -$7,406,000,000 in new budget authority and 
$22,678,000,000 in outlays.
  Fiscal year 2005: -$6,366,000,000 in new budget authority and 
$1,921,000,000 in outlays.
  Fiscal year 2006: -$7,151,000,000 in new budget authority and -
$5,581,000,000 in outlays.
  Fiscal year 2007: -$8,835,000,000 in new budget authority and -
$8,666,000,000 in outlays.
  Fiscal year 2008: -$9,875,000,000 in new budget authority and -
$9,873,000,000 in outlays.
  Fiscal year 2009: -$11,476,000,000 in new budget authority and -
$9,922,000,000 in outlays.
  Fiscal year 2010: -$12,860,000,000 in new budget authority and -
$10,864,000,000 in outlays.
  Fiscal year 2011: -$16,396,000,000 in new budget authority and -
$12,653,000,000 in outlays.
  Fiscal year 2012: -$21,444,000,000 in new budget authority and -
$15,691,000,000 in outlays.
  Fiscal year 2013: -$25,608,000,000 in new budget authority and -
$19,171,000,000 in outlays.
  The changes in the functional levels cause changes in the budgetary 
aggregates. Accordingly, I also modify the budgetary aggregates and 
revenues for fiscal years 2003 through 2013 to the following levels:


                budget authority, outlays, and revenues

  Fiscal year 2003: $1,867,072,000,000 in new budget authority and 
$1,819,167,000,000 in outlays.
  Fiscal year 2003: $1,303,113,000,000 in revenues.
  The amount by which revenues should be reduced, fiscal year 2003: 
$56,721,000,000.
  Fiscal year 2004: $1,861,333,000,000 in new budget authority and 
$1,884,280,000,000 in outlays.
  Fiscal year 2005: $1,990,603,000,000 in new budget authority and 
$1,981,995,000,000 in outlays.
  Fiscal year 2006: $2,122,725,000,000 in new budget authority and 
$2,089,892,000,000 in outlays.
  Fiscal year 2007: $2,233,213,000,000 in new budget authority and 
$2,190,978,000,000 in outlays.
  Fiscal year 2008: $2,349,256,000,000 in new budget authority and 
$2,307,637,000,000 in outlays.
  Fiscal year 2009: $2,454,814,000,000 in new budget authority and 
$2,420,227,000,000 in outlays.
  Fiscal year 2010: $2,555,986,000,000 in new budget authority and 
$2,528,260,000,000 in outlays.
  Fiscal year 2011: $2,669,845,000,000 in new budget authority and 
$2,651,603,000,000 in outlays.
  Fiscal year 2012: $2,754,409,000,000 in new budget authority and 
$2,724,337,000,000 in outlays.
  Fiscal year 2013: $2,875,544,000,000 in new budget authority and 
$2,855,914,000,000 in outlays.


                          deficits (on-budget)

  Fiscal year 2003: $516,054,000,000.
  Fiscal year 2004: $558,828,000,000.
  Fiscal year 2005: $488,120,000,000.
  Fiscal year 2006: $432,381,000,000.
  Fiscal year 2007: $400,727,000,000.
  Fiscal year 2008: $405,793,000,000.
  Fiscal year 2009: $366,465,000,000.
  Fiscal year 2010: $360,323,000,000.
  Fiscal year 2011: $381,063,000,000.
  Fiscal year 2012: $314,765,000,000.
  Fiscal year 2013: $301,929,000,000.


                         debt subject to limit

  Fiscal year 2003: $6,750,000,000,000.
  Fiscal year 2004: $7,388,000,000,000.
  Fiscal year 2005: $7,982,000,000,000.
  Fiscal year 2006: $8,540,000,000,000.
  Fiscal year 2007: $9,069,000,000,000.
  Fiscal year 2008: $9,608,000,000,000.
  Fiscal year 2009: $10,109,000,000,000.
  Fiscal year 2010: $10,608,000,000,000.
  Fiscal year 2011: $11,132,000,000,000.
  Fiscal year 2012: $11,596,000,000,000.
  Fiscal year 2013: $12,048,000,000,000.


                        debt held by the public

  Fiscal year 2003: $3,921,000,000,000.
  Fiscal year 2004: $4,303,000,000,000.
  Fiscal year 2005: $4,604,000,000,000.
  Fiscal year 2006: $4,835,000,000,000.
  Fiscal year 2007: $5,013,000,000,000.
  Fiscal year 2008: $5,175,000,000,000.
  Fiscal year 2009: $5,278,000,000,000.
  Fiscal year 2010: $5,356,000,000,000.
  Fiscal year 2011: $5,435,000,000,000.
  Fiscal year 2012: $5,432,000,000,000.
  Fiscal year 2013: $5,402,000,000,000.
  These changes in the budget resolution also affect the allocation to 
the House Committee on Appropriations. The 302(a) allocation to the 
House Committee on Appropriations becomes $844,986,000,000 in new 
budget authority and $846,706,000,000 in outlays for fiscal year 2003. 
For fiscal year 2004, the allocation to the Appropriations Committee is 
$784,675,000,000 in new budget authority and $861,084,000,000 in 
outlays.

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