A concurrent resolution setting forth the congressional budget for the United States Government for the fiscal years 1989, 1990, and 1991.

Summary

Sets forth the concurrent resolution on the budget for FY 1989 and the appropriate budget levels for FY 1990 and 1991. Sets forth levels and amount of Federal revenues, new budget authority, budget outlays, and deficits for FY 1989 through 1991 for purposes of determining whether the maximum deficit amounts set forth in the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) have been exceeded. Recommends levels of Federal revenues of $953,000,000,000 for FY 1989, $1,036,000,000,000 for FY 1990, and $1,112,000,000,000 for FY 1991. Sets the amount by which the aggregate levels of Federal revenues should be increased at $56,000,000,000 for FY 1989, $83,000,000,000 for FY 1990, and $76,000,000,000 for FY 1991. Designates the following amounts of Federal revenues for Federal Insurance Contributions Act revenues: (1) $65,000,000,000 for FY 1989; (2) $70,000,000,000 for FY 1990; and (3) $75,000,000,000 for FY 1991. Sets the appropriate levels of total new budget authority at $1,228,000,000,000 for FY 1989, $1,293,000,000,000 for FY 1990, and $1,377,100,000,000 for FY 1991. States that the appropriate levels of total budget outlays are $1,088,700,000,000 for FY 1989, $1,138,300,000,000 for FY 1990 and $1,186,600,000,000 for FY 1991. Sets the amount of the deficit at $135,700,000,000 for FY 1989, $102,300,000,000 for FY 1990, and $74,600,000,000 for FY 1991. Sets the appropriate levels of the public debt at $2,176,500,000,000 for FY 1989, $2,278,800,000,000 for FY 1990, and $2,353,400,000,000 for FY 1991. Sets forth the appropriate levels of total Federal credit activity as follows: (1) $35,000,000,000 for new direct loan obligations and $111,000,000,000 for new primary loan guarantee commitments for FY 1989; (2) $34,000,000,000 for new direct loan obligations and $122,000,000,000 for new primary loan guarantee commitments for FY 1990; and (3) $34,000,000,000 for new direct loan obligations and $132,000,000,000 for new primary loan guarantee commitments for FY 1991. Sets forth the levels of budget authority, budget outlays, new direct loan obligations, and new primary loan guarantee commitments for each major functional category for FY 1989 through 1991.

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Timeline

1. 21 March 1988

   Introduced

   Introduced in House

   Source: IntroReferral

2. 21 March 1988

   Introduced

   Referred to House Committee on The Budget.

   Source: IntroReferral

3. 21 March 1988

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 21 March 1988

  Open at official source

Sponsors

• Rep. Porter, John Edward [R-IL-10] · R · Sponsor
• Rep. Frenzel, Bill [R-MN-3] · R · Sponsor
• · hsbu00 · Standing

Related records

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