Summary: S.Con.Res.23 — 96th Congress (1979-1980)All Information (Except Text)

There is one summary for S.Con.Res.23. Bill summaries are authored by CRS.

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Introduced in Senate (04/12/1979)

Sets forth an alternative 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; $561,000,000,000 for 1981; and $632,600,000,000 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 decreased is $14,300,000,000 for fiscal year 1981 and $35,900,000,000 for fiscal year 1982.

States that the appropriate levels of total new budget authority for fiscal years 1980, 1981, and 1982 respectively are: $601,800,000,000, $641,200,000,000; and $693,400,000,000.

Lists the appropriate levels of total budget outlays for fiscal years 1980, 1981, and 1982 respectively as follows: $533,500,000,000; $579,200,000,000; and $620,300,000.

States that the amounts of the deficit or surplus in the budget which are appropriate in the light of economic conditions are as follows: deficits of $29,900,000,000 in fiscal year 1980 and $18,200,000,000 in fiscal year in 1981 and a surplus of $12,300,000,000 in fiscal year 1982.

States that the appropriate level of the public debt is: $891,800,000,000 for 1980, and the amount by which the temporary statutory limit on such debt should be accordingly increased is $61,800,000,000; $941,000,000,000 for 1981, and the amount by which the temporary statutory limit on such debt should be increased is $111,000,000,000; and $967,700,000,000 for 1982, and the amount by which the temporary statutory limit on such debt should be increased is $137,700,000,000.

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.