A concurrent resolution setting forth the congressional budget for the United States Government for the fiscal year 1987.

Summary

Sets forth the congressional budget for the Government for FY 1987. Specifies the following budgetary levels for FY 1987: (1) $653,314,000,000 as the recommended level of Federal revenue; (2) $20,000,000,000 as the amount by which the aggregate level of Federal revenue should be increased; (3) $866,421,000,000 as the appropriate level of total new budget authority; (4) $796,256,000,000 as the appropriate level of total budget outlays; (5) $142,942,000,000 as the amount of the deficit in the budget which is appropriate in light of economic conditions and all other relevant factors; (6) $2,307,000,000,000 as the appropriate level of the public debt; (7) $37,503,295,000 as the appropriate level of total new direct loan obligations; and (8) $88,147,100,000 as the appropriate level of total new primary loan guarantee commitments. Specifies the appropriate levels of total new budget authority, budget outlays, Federal revenue, and the deficit, including receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund, for FY 1987 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. 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 1987. Requires certain House committees, within 30 days after final action on this resolution, to submit to the House Budget Committee recommended changes in laws within their jurisdictions sufficient to reduce budget authority or outlays or to increase revenues by specified amounts in FY 1987. Requires the Budget Committee to report a reconciliation bill or resolution carrying out such recommendations without any substantive revision.

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1 official file

• Introduced in House

  summary · EN · 12 March 1986

  Open at official source

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