Summary: S.Con.Res.109 — 94th Congress (1975-1976)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Conference report filed in Senate (05/07/1976)

(Conference report filed in Senate, S. Rept. 94-805)

Sets forth the congressional budget for the United States Government for fiscal year 1977. Provides 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 $454,200,000,000. Establishes the appropriate level of the public debt at $713,100,000,000.

Sets forth the appropriate level of new budget authority and the estimated budget outlays for each major functional category including: (1) $112,500,000,000 for National Defense with outlays of $100,800,000,000; (2) $9,100,000,000 for International Affairs with outlays of $6,600,000,000; (3) $2,300,000,000 for Agriculture with outlays of $2,000,000,000; (4) $3,400,000,000 for Law Enforcement and Justice with outlays of $3,500,000,000; and (5) $7,350,000,000 for Revenue Sharing and General Purpose Fiscal Assistance with outlays of $7,350,000,000.

Revises the congressional budget for the transition period beginning July 1, 1976, as follows: (1) recommends $86,000,000,000 as the recommended level of Federal revenues; (2) sets $96,300,000,000 as the appropriate level of total new budget authority; (3) sets the appropriate level of total budget outlays at $102,200,000,000; (4) sets the appropriate level of the deficit in the budget at $16,200,000,000; and (5) establishes the appropriate level of the public debt at $647,200,000,000. Sets the amount by which the temporary statutory limit on such debt should accordingly be increased at $20,200,000,000.