Summary: S.Con.Res.22 — 96th Congress (1979-1980)All Information (Except Text)

Bill summaries are authored by CRS.

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Passed Senate amended (04/25/1979)

(Measure passed Senate, amended, roll call #61 (64-20))

Sets forth the congressional budget for the United States Government for fiscal years 1980, 1981, and 1982. States that the recommended levels of Federal revenues are: $503,600,000,000 for 1980; $576,200,000,000 for 1981; and $615,000,000,000 for 1982. States that the amount by which the aggregate levels of Federal revenues should be increased is $100,000,000 for fiscal year 1980 and $4,700,000,000 for fiscal year 1981; and decreased $49,900,000,000 for fiscal year 1982.

States that the appropriate levels of total new budget authority for fiscal years 1980, 1981, and 1982 respectively are: $600,300,000,000; $637,200,000,000; and $686,800,000,000.

Lists the appropriate levels of total budget outlays for fiscal years 1980, 1981, and 1982 respectively as follows: $532,600,000,000; $575,600,000,000; and $614,100,000,000.

States that the amounts of the deficit or surplus in the budget which are appropriate in the light of economic conditions are as follows: a deficit of $29,000,000,000 in fiscal year 1980; and surpluses of $600,000,000 in fiscal year 1981 and $900,000,000 in fiscal year 1982.

Sets the appropriate level of the public debt at: $890,700,000,000 for 1980, and the amount by which the temporary statutory limit on such debt should be accordingly increased is $60,700,000,000; $921,200,000,000 for 1981, and the amount by which the temporary statutory limit on such debt should be increased is $91,200,000,000; and $959,500,000,000 for 1982, and the amount by which the temporary statutory limit on such debt should be increased is $129,500,000,000.

Specifies the appropriate levels of new budget authority and the estimated budget outlays for each major functional category.

Revises the second concurrent resolution on the budget for fiscal year 1979.