An original concurrent resolution revising the Congressional Budget for the United States Government for the fiscal years 1981, 1982, and 1983.

Summary

Sets forth the congressional budget for the United States Government for fiscal years 1981, 1982, and 1983. Recommends the following levels of Federal revenues: $615,100,000,000 in fiscal year 1981; $698,700,000,000 in fiscal year 1982; and $792,100,000,000 in fiscal year 1983. Recommends an increase in the aggregate level of Federal revenues of $5,200,000,000 in fiscal year 1981 and decreases of $13,300,000,000 in fiscal year 1982 and of $35,600,000,000 in fiscal year 1983. States that the appropriate level of new budget authority is: $699,600,000,000; $778,800,000,000; and $852,600,000,000 for fiscal years 1981, 1982, and 1983 respectively. Sets the appropriate level of total budget outlays in such years at: $633,000,000,000; $709,900,000,000; and $777,700,000,000. Recommends in light of economic conditions, budget deficits of $17,900,000,000 in fiscal year 1981 and $11,200,000,000 in fiscal year 1982 and budget surpluses of $14,400,000,000 in fiscal year 1983. States that the appropriate level of the public debt is $961,800,000,000 in fiscal year 1981 with an increase in the temporary statutory debt limit of $40,900,000,000. Sets the appropriate level of the public debt in fiscal year 1982 at $1,003,000,000,000 with an increase in the temporary debt limit of $41,200,000,000. Recommends a level of public debt in fiscal year 1983 of $1,021,600,000,000 with an increase in the debt limit of $18,600,000,000. Sets forth recommended levels of new budget authority and outlays for each major functional category of the budget in fiscal years 1981, 1982, and 1983. Revises the Congressional Federal Credit Budget for fiscal year 1981 to set the appropriate level for: (1) new direct loan obligations at $68,300,000,000; (2) new primary loan guarantee commitments at $75,100,000,000; and (3) new secondary loan guarantee commitments at $53,100,000,000. Allocates the appropriate levels of total Federal credit activity among the major functional categories. Expresses the sense of Congress that the following ceilings should be applied in fiscal year 1981: (1) $32,100,000,000 for off-budget lending activities; (2) $36,200,000,000 for on-budget lending activities; (3) $75,100,000,000 for new primary loan guarantee commitments; and (4) $53,100,000,000 for new secondary loan guarantee commitments.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 27 August 1980

   Calendars

   Placed on calendar in Senate.

   Source: Calendars

2. 27 August 1980

   Reported

   Reported to Senate from the Committee on the Budget, S. Rept. 96-921.

   Source: Committee

3. 27 August 1980

   Reported

   Reported to Senate from the Committee on the Budget, S. Rept. 96-921.

   Source: Committee

4. 27 August 1980

   Introduced

   Introduced in Senate

   Source: IntroReferral

5. 25 September 1980

   Vote

   Motion to table motion to proceed to the consideration passed Senate, roll call #445 (55-36).

   Source: Floor

6. 18 November 1980

   Floor

   Measure called up by unanimous consent in Senate.

   Source: Floor

7. 19 November 1980

   Floor

   Measure considered in Senate.

   Source: Floor

Votes

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Indefinitely postponed in Senate

  summary · EN · 19 November 1980

  Open at official source

• Introduced in Senate

  summary · EN · 27 August 1980

  Open at official source

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Sponsors

• Sen. Hollings, Ernest F. [D-SC] · D · Sponsor
• · ssbu00 · Standing

Related records

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