[Congressional Record (Bound Edition), Volume 150 (2004), Part 4]
[Senate]
[Page 4849]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       BUDGET SCOREKEEPING REPORT

  Mr. NICKLES. 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 2004 
budget through March 22, 2004. The estimates of budget authority, 
outlays, and revenues are consistent with the technical and economic 
assumptions of the 2004 Concurrent Resolution on the Budget, H. Con. 
Res. 95, as adjusted.
  The estimates show that current level spending is above the budget 
resolution by $14.1 billion in budget authority and under the budget 
resolution by $222 million in outlays in 2004. Current level for 
revenues is $244 million below the budget resolution in 2004.
  This is my first report for the second session of the 108th Congress.
  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, March 23, 2004.
     Hon. Don Nickles,
     Chairman, Committee on the Budget,
     U.S. Senate, Washington, DC.
       Dear Mr. Chairman: The enclosed tables show the effects of 
     Congressional action on the 2004 budget and are current 
     through March 22, 2004 (the last day that the Senate was in 
     session before the recent recess). 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. 95, the Concurrent Resolution on the Budget for 
     Fiscal Year 2004, as adjusted.
       This is my first report for the second session of the 108th 
     Congress.
           Sincerely,
                                              Douglas Holtz-Eakin,
                                                         Director.
       Enclosures.

   TABLE 1.--SENATE CURRENT-LEVEL REPORT FOR SPENDING AND REVENUES FOR
                 FISCAL YEAR 2004, AS OF MARCH 22, 2004
                        [In billions of dollars]
------------------------------------------------------------------------
                                                               Current
                                      Budget      Current    level over/
                                    resolution    level\1\    under (-)
                                                              resolution
------------------------------------------------------------------------
On-budget:
  Budget Authority...............      1,873.5      1,887.5         14.1
  Outlays........................      1,897.0      1,896.8         -0.2
  Revenues.......................      1,331.0      1,330.8         -0.2
Off-budget:
  Social Security Outlays........        380.4        380.4            0
  Social Security Revenues.......        557.8        557.8            *
------------------------------------------------------------------------
\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.
 
Note.--* = less than $50 million.
 
Source: Congressional Budget Office.


 TABLE 2.--SUPPORTING DETAIL FOR THE SENATE CURRENT-LEVEL REPORT FOR ON-BUDGET SPENDING AND REVENUES FOR FISCAL
                                         YEAR 2004, AS OF MARCH 22, 2004
                                            [In millions of dollars]
----------------------------------------------------------------------------------------------------------------
                                                            Budget authority       Outlays          Revenues
----------------------------------------------------------------------------------------------------------------
Enacted in previous sessions:
    Revenues..............................................             (\3\)             (\3\)         1,330,756
    Permanents and other spending legislation\1\..........         1,117,071         1,077,878             (\3\)
    Appropriation legislation.............................         1,152,537         1,183,200             (\3\)
    Offsetting receipts...................................          -368,484          -368,484             (\3\)
                                                           -----------------------------------------------------
      Total, enacted in previous sessions.................         1,901,124         1,892,594         1,330,756
                                                           =====================================================
Enacted this session:
    Authorizing Legislation:
        Surface Transportation Extension Act of 2004 (P.L.             7,880                 0                 0
         108-202).........................................
        Social Security Protection Act of 2003 (P.L. 108-                685               685                 0
         203).............................................
                                                           -----------------------------------------------------
          Total, authorizing legislation..................             8,565               685                 0
                                                           =====================================================
Entitlements and mandatories: Difference between enacted             -22,156             3,472             (\3\)
 levels and budget resolution estimates for appropriated
 entitlements and other mandatory programs................
Total Current Level\1\ \2\................................         1,887,533         1,896,751         1,330,756
Total Budget Resolution...................................         1,873,459         1,896,973         1,331,000
Current Level Over Budget Resolution......................            14,074             (\3\)             (\3\)
Current Level Under Budget Resolution.....................             (\3\)               222               244
----------------------------------------------------------------------------------------------------------------
\1\Per section 502 of H. Con. Res. 95, the Concurrent Resolution on the Budget for Fiscal Year 2004, provisions
  designated as emergency requirements are exempt from enforcement of the budget resolution. As a result, the
  current level excludes $82,433 million in budget authority and $36,782 million in outlays from previously
  enacted bills.
\2\Excludes administrative expenses of the Social Security Administration, which are off-budget.
\3\Not applicable.
 
Note.--P.L. = Public Law: * = less than $500,000.
 
Source: Congressional Budget Office.



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