[Congressional Record (Bound Edition), Volume 145 (1999), Part 16] [Senate] [Page 22970] [From the U.S. 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 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 budget through September 24, 1999. The estimates of budget authority, outlays, and revenues are consistent with the technical and economic assumptions of S. Res. 209, a resolution to provide budget levels in the Senate for purposes of fiscal year 1999, as amended by S. Res. 312. The budget levels have also been revised to include adjustments made on May 19, 1999, to reflect the amounts provided and designated as emergency requirements. The estimates show that current level spending is above the budget resolution by $0.5 billion in budget authority and above the budget resolution by $0.2 billion in outlays. Current level is $0.2 billion above the revenue floor in 1999. The current estimate of the deficit for purposes of calculating the maximum deficit amount is $56.0 billion, which is equal to the maximum deficit amount for 1999 of $56.0 billion. Since my last report, dated July 19, 1999, the Congress has passed and the President has signed the Veterans Entrepreneurship and Small Business Development Act (P.L. 106-50), the Emergency Steel Loan Guarantee and Emergency Oil and Gas Guaranteed Loan Act (P.L. 106-51), the Water Resources Development Act (P.L. 106-53), and the Global Exploration and Development Corporation Act (P.L. 106-54). These actions have changed the current level of budget authority and outlays. I ask unanimous consent that the report and transmittal letter dated September 28, 1999, 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, September 28, 1999. Hon. Pete V. Domenici, Chairman, Committee on the Budget, U.S. Senate, Washington, DC. Dear Mr. Chairman: The enclosed report shows the effects of Congressional action on the 1999 budget and is current through September 24, 1999. The estimates of budget authority, outlays, and revenues are consistent with the technical and economic assumptions of S. Res. 209, a resolution to provide budget levels in the Senate for purposes of fiscal year 1999, as amended by S. Res. 312. This report is submitted under section 308(b) and in aid of section 311 of the Congressional Budget Act, as amended. Since my last report, dated July 15, 1999, the Congress has passed and the President has signed the Veterans Entrepreneurship and Small Business Development Act (P.L. 106-50), the Emergency Steel Loan Guarantee and Emergency Oil and Gas Guaranteed Loan Act (P.L. 106-51), the Water Resources Development Act (P.L. 106-53), and the Global Exploration and Development Corporation Act (P.L. 106-54). These actions have changed the current level of budget authority, outlays, and revenues. Sincerely, Barry B. Anderson (For Dan L. Crippen, Director). Enclosures. TABLE 1.--FISCAL YEAR 1999 SENATE CURRENT LEVEL REPORT AS OF CLOSE OF BUSINESS, SEPTEMBER 24, 1999 [In billions of dollars] ------------------------------------------------------------------------ Budget Current resolution Current level over/ (S. Res. level under 312) resolution ------------------------------------------------------------------------ ON-BUDGET Budget Authority................. 1,465.3 1,465.7 0.5 Outlays.......................... 1,414.9 1,415.1 0.2 Revenues: 1999........................... 1,358.9 1,359.1 0.2 1999-2003...................... 7,187.0 7,187.7 0.7 Deficit.......................... 56.0 56.0 0.0 Debt Subject to Limit............ (\1\) 5,537.4 (\2\) OFF-BUDGET Social Security Outlays: 1999........................... 321.3 321.3 0.0 999-2003......................... 1,720.7 1,720.7 0.0 Social Security Revenues: 1999........................... 441.7 441.7 (\3\) 1999-2003...................... 2,395.6 2,395.4 -0.1 ------------------------------------------------------------------------ \1\ Not included in S. Res. 312. \2\ =not applicable. \3\ Less than $50 million. Source: Congressional Budget Office. Note.--Current level numbers are 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. TABLE 2.--SUPPORTING DETAIL FOR THE FISCAL YEAR 1999 ON-BUDGET SENATE CURRENT LEVEL REPORT, AS OF CLOSE OF BUSINESS, SEPTEMBER 24, 1999 [In millions of dollars] ------------------------------------------------------------------------ Budget authority Outlays Revenues ------------------------------------------------------------------------ Enacted in previous sessions: Revenues....................... ........... ........... 1,359,099 Permanents and other spending 919,197 880,664 ........... legislation................... Appropriation legislation...... 820,578 813,987 ........... Offsetting receipts............ -296,825 -296,825 ........... -------------------------------------- Total, previously enacted.. 1,442,950 1,397,826 1,359,099 Enacted this session: 1999 Emergency Supplemental 11,348 3,677 ........... Appropriations Act (P.L. 106- 31)........................... 1999 Miscellaneous Trade and ........... ........... 5 Technical Corrections Act (P.L. 106-36)................. Veterans Entrepreneurship and 1 1 ........... Small Business Development Act (P.L. 106-50)................. Emergency Steel Loan Guarantee ........... -108 ........... and Emergency Oil and Gas Guaranteed Loan Act (P.L. 106- 51)........................... Water Resources Development Act 3 ........... ........... (P.L. 106-53)................. Global Exploration and 52 52 ........... Development Corporation, Kerr- McGee Corporation, and Kerr- McGee Chemical, LLC (P.L. 106- 54)........................... -------------------------------------- Total, enacted this session 11,404 3,622 5 Entitlements and mandatories: Budget resolution baseline 11,393 13,661 ........... estimates of appropriated entitlements and other mandatory programs not yet enacted....................... -------------------------------------- Totals: Total Current Level............ 1,465,747 1,415,109 1,359,104 Total Budget Resolution........ 1,465,294 1,414,916 1,358,919 Amount remaining: Under Budget Resolution...... ........... ........... ........... Over Budget Resolution....... 453 193 185 ------------------------------------------------------------------------ Source: Congressional Budget Office. Note.--Estimates include the following in emergency funding: $34,226 million in budget authority and $18,802 in outlays. ____________________