February 10, 1977
Page 4271
SENATE CONCURRENT RESOLUTION 10 — ORIGINAL CONCURRENT RESOLUTION REPORTED REVISING THE CONGRESSIONAL BUDGET FOR FISCAL YEAR 1977
(Placed on the Calendar.)
Mr. MUSKIE, from the Committee on the Budget, reported the following concurrent resolution:
S. CON. RES. 10
Resolved by the Senate (the House of Representatives concurring), That the Congress hereby determines and declares, pursuant to section 304 of the Congressional Budget Act of 1974, that for the fiscal year beginning on October 1, 1976—
(1) the recommended level of Federal revenues is $346,800,000,000 and the amount by which the aggregate level of Federal revenues should be decreased is $9,700,000,000;
(2) the appropriate level of total new budget authority is $467,000,000,000;
(3) the appropriate level of total budget outlays is $415,000,000,000;
(4) the amount of the deficit in the budget which is appropriate in light of economic conditions and all other relevant factors is $68,200,000,000; and
(5) the appropriate level of the public debt is $718,300,000,000.
SEC. 2. Based on allocations of the appropriate level of total new budget authority and of total budget outlays as set forth in paragraphs (2) and (3) of the first section of this resolution, the Congress hereby determines and declares, pursuant to section 304 of the Congressional Budget Act of 1974 that, for the fiscal year beginning on October 1, 1976, the appropriate level of new budget authority and the estimated budget outlays for each major functional category are as follows :
(1) National Defense (050) :
(A) New budget authority, $109,200,000,000.
(B) Outlays, $100,100,000,000.
(2) International Affairs (150) :
(A) New budget authority, $7,900,000,000.
(B) Outlays, $6,800,000,000.
(3) General Science, Space, and Technology (250) :
(A) New budget authority, $4,500,000,000.
(B) Outlays, $4,400,000,000.
(4) Natural Resources, Environment, and Energy (300) :
(A) New budget authority, $18,800,000,000.
(B) Outlays, $17,200,000,000.
(5) Agriculture (350) :
(A) New Budget authority $1,600.000,000.
(B) Outlays, $3,000,000,000.
(6) Commerce and Transportation (400) :
(A) New Budget authority, $17,300,000,000.
(B) Outlays, $16,000,000,000.
(7) Community and Regional Development (450) :
(A) New budget authority, $14,300,000,000.
(B) Outlays, $10,000,000,000.
(8) Education, Training, Employment, and Social Services (500) :
(A) New budget authority, $30,400,000,000.
(B) Outlays, $23,200,000,000.
(9) Health (550) :
(A) New budget authority $40,600,000,000.
(B) Outlays, $39,500,000,000.
(10) Income Security (600):
(A) New budget authority, $166,300,000,000.
(B) Outlays, $139,300,000,000.
(11) Veterans Benefits and Services (700) :
(A) New budget authority $18,900,000,000.
(B) Outlays, $18,100,000,000.
(12) Law Enforcement and Justice (750) :
(A) New budget authority, $3,500,000,000.
(B) Outlays, $3,600,000,000.
(13) General Government (800) :
(A) New budget authority $3,500,000,000.
(B) Outlays, $3,500,000,000.
(14) Revenue Sharing and General Purpose Fiscal Assistance (850) :
(A) New budget authority, $7,600,000,000.
(B) Outlays, $7,700,000,000.
(15) Interest (900) :
(A) New budget authority $37,900,000,000.
(B) Outlays, $37,900,000,000.
(16) Allowances:
(A) New budget authority, $800,000,000.
(B) Outlays, $800,000,000.
(17) Undistributed Offsetting Receipts (950) :
(A) New budget authority, $16,100,000,000.
(B) Outlays, $16,100,000,000.