August 4, 1977
Page 26882
SENATE CONCURRENT RESOLUTION 43 — ORIGINAL CONCURRENT RESOLUTION REPORTED REVISING THE CONGRESSIONAL BUDGET FOR 1978
(Placed on the Calendar.)
Mr. MUSKIE, from the Committee on the Budget, reported the following concurrent resolution:
S. CON. RES. 43
Resolved by the Senate (the House of Representatives concurring), That the Congress hereby determines and declares, pursuant to section 310 (a) of the Congressional Budget Act of 1974, that for the fiscal year beginning on October 1, 1977–
(1) the recommended level of Federal revenues is $395,000,000,000, and the amount by which the aggregate level of Federal revenues should be decreased is $600,000,000;
(2) the appropriate level of total new budget authority is $501,200,000,000;
(3) the appropriate level of total budget outlays is $459,000,000,000;
(4) the amount of the deficit in the budget which is appropriate in light of economic conditions and all other relevant factors is $64,000,000,000; and
(5) the appropriate level of the public debt is $778,200,000,000, and the amount by which the temporary statutory limit on such debt should be accordingly increased is $78,200,000,000.
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 310(a) of the Congressional Budget Act of 1974 that, for the fiscal year beginning on October 1, 1977, 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, $116,600,000,000.
(B) Outlays, $110,100,000,000.
(2) International Affairs (150) :
(A) New budget authority, $8,300,000,000.
(B) Outlays, $6,600,000,000.
(3) General Science, Space, and Technology (250) :
(A) New budget authority, $4,900,000,000.
(B) Outlays, $4,700,000,000.
(4) Natural Resources, Environment, and Energy (300) :
(A) New budget authority, $24,900,000,000.
(B) Outlays, $20,800,000;000.
(5) Agriculture (350):
(A) New budget authority, $2,100,000,000.
(B) Outlays, $5,600,000,000.
(6) Commerce and Transportation (400) :
(A) New budget authority, $20,500,000,000.
(B) Outlays, $19,600,000,000.
(7) Community and Regional Development (450):
(A) New budget authority, $8,000,000,000.
(B) Outlays, $10,400,000,000.
(8) Education, Training, Employment, and Social Services (500):
(A) New budget authority, $26,100,000,000.
(B) Outlays, $26,400,000,000.
(9) Health (550):
(A) New budget authority, $47,700,000,000.
(B) Outlays, $44,200,000,000.
(10) Income Security (600) :
(A) New budget authority, $178,800,000,000.
(B) Outlays, $146,600,000,000.
(11) Veterans Benefits and Services (700) :
(A) New budget authority, $19,900,000,000.
(B) Outlays, $20,200,000,000.
(12) Law Enforcement and Justice (750):
(A) New budget authority, $3,800,000,000.
(B) Outlays, $4,000,000,000.
(13) General Government (800) :
(A) New budget authority, $3,800,000,000.
(B) Outlays, $3,800,000,000.
(14) Revenue Sharing and General Purpose Fiscal Assistance (850) :
(A) New budget authority, $9,600,000,000.
(B) Outlays, $9,700,000,000.
(15) Interest (900):
(A) New budget authority, $41,700,000,000.
(B) Outlays, $41,700,000,000.
(16) Allowances (920) :
(A) New budget authority, $900,000,000.
(B) Outlays, $1,000,000,000.
(17) Undistributed Offsetting Receipts (950):
(A) New budget authority,—$16,400,000,000.
(B) Outlays, —$16,400,000,000.
SEC. 3. Pursuant to section 310 of the Congressional Budget and Impoundment Control Act of 1974, the Committee on Agriculture is instructed to report promptly in accordance with section 310(c), reconciliation legislation recommending change in new budget authority, budget authority initially provided for prior fiscal years, and new spending authority for fiscal year 1978 contained in laws, bills, and resolutions within the jurisdiction of that committee so that the outlays therefrom do not exceed $12,660,000,000.