A concurrent resolution setting forth the congressional budget for the United States Government for the fiscal years 1987, 1988, and 1989.

Summary

Sets forth the concurrent resolution on the budget for FY 1987 and the appropriate budgetary levels for FY 1988 and 1989. Recommends levels of Federal revenues of $636,100,000,000 for FY 1987, $690,400,000,000 for FY 1988, and $732,500,000,000 for FY 1989. Sets the amounts by which the aggregate levels of Federal revenues should be increased at $6,000,000,000 for FY 1987, $5,700,000,000 for FY 1988, and $6,100,000,000 for FY 1989. Sets the appropriate levels of total new budget authority at $887,700,000,000 for FY 1987, $923,100,000,000 for FY 1988, and $954,400,000,000 for FY 1989. States that the appropriate levels of total budget outlays are $795,400,000,000 for FY 1987, $817,100,000,000 for FY 1988, and $843,800,000,000 for FY 1989. Sets the amounts of the deficits in the budget which are appropriate in light of economic conditions and all other relevant factors at $159,300,000,000 for FY 1987, $126,700,000,000 for FY 1988, and $111,300,000,000 for FY 1989. Specifies the appropriate levels of total new budget authority, budget outlays, Federal revenues, and deficits, including receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund for FY 1987 through 1989, for purposes of the maximum deficit amount mandated by the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) and the Congressional Budget Act of 1974 only. States that the appropriate levels of the public debt are $2,317,350,000,000 for FY 1987, $2,506,500,000,000 for FY 1988, and $2,681,900,000,000 for FY 1989. Sets forth the appropriate levels of total Federal credit activity as follows: (1) $30,600,000,000 for new direct loan obligations, $79,800,000,000 for new primary loan guarantee commitments, and $55,350,000,000 for new secondary loan guarantee commitments for FY 1987; (2) $28,000,000,000 for new direct loan obligations, $81,700,000,000 for new primary loan guarantee commitments, and $51,900,000,000 for new secondary loan guarantee commitments for FY 1988; and (3) $24,800,000,000 for new direct loan obligations, $83,300,000,000 for new primary loan guarantee commitments, and $52,650,000,000 for new secondary loan guarantee commitments for FY 1989. Sets forth the levels of budget authority, budget outlays, new direct loan obligations, and new loan guarantee commitments for each major functional category for FY 1987 through 1989.

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1 official file

• Introduced in House

  summary · EN · 10 March 1986

  Open at official source

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