A resolution revising the congressional budget for the U.S. Government for the fiscal year 1977.

Summary

Sets forth the congressional budget for the United States Government for the fiscal year 1977. States that the recommended level of Federal revenues is $362,500,000,000, and the amount by which the aggregate level of Federal revenues should be decreased is $15,300,000,000. States that the appropriate level of total new budget authority is $394,200,000,000. Sets forth the appropriate level of total budget outlays at $362,500,000,000. Defines the amount of deficit in the budget which is appropriate in the light of economic conditions and all other relevant factors to be $0. Sets the appropriate level of the public debt at $649,260,000,000, and recommends a decrease in the statutory limit on such debt by $50,740,000. Declares 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) $112,000,000,000 for National Defense with outlays of $100,600,000,000, (2) $3,400,000,000 for international affairs with outlays of $3,000,000,000, (3) $4,400,000,000 for general science, space, and technology with outlays of $4,300,000,000, (4) $19,200,000,000 for natural resources, environment, and energy, with outlays of $11,800,000,000, (5) $2,300,000,000 for agriculture with outlays of $2,000,000,000, (6) $17,700,000,000 for commerce and transportation, with outlays of $16,200,000,000, (7) $5,200,000,000 for community and regional development with outlays of $5,200,000,000, (8) $15,900,000,000 for education, training, employment, and social services, with outlays of $17,600,000,000, (9) $32,300,000,000 for health, with outlays of $32,100,000,000, (10) $130,000,000,000 for income security with outlays of $120,000,000,000, (11) $20,300,000,000 for veterans' benefits and services, with outlays of $19,500,000,000, (12) $3,300,000,000 for law enforcement and justice with outlays of $3,400,000,000, (13) $3,500,000,000 for general government, with outlays of $3,400,000,000, (14) $5,000,000,000 for revenue sharing and general purpose fiscal assistance and outlays of $5,000,000,000, (15) $34,500,000,000 for interest and outlays of $34,500,000,000, (16) $800,000,000 for allowances and outlays of $800,000,000, and (17) $16,900,000,000 for undistributed offessing receipts and outlays of $16,900,000,000.

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• Introduced in House

  summary · EN · 8 September 1976

  Open at official source

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