A concurrent resolution setting forth the congressional budget for the United States Government for the fiscal years 1988, 1989, and 1990.

[AI summary unavailable — showing source text] Sets forth the concurrent resolution on the budget for FY 1988 and the appropriate budgetary levels for FY 1989 and 1990. Sets forth levels and amounts of Federal revenues, new budget authority, budget outlays, and deficits for FY 1988 through 1990 for purposes of determining whether the maximum defict amounts set forth in the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) have been exceeded. Recommends levels of Federal revenues of $690,350,000,000 for FY 1988, $728,650,000,000 for FY 1989, and $776,000,000,000 for 1990. Sets the amount by which the aggregate levels of Federal revenues should be increased at $19,850,000,000 for FY 1988, $21,950,000,000 for FY 1989, and $23,100,000,000 for FY 1990. Designates the following amounts of Federal revenues for Federal Insurance Contributions Act revenues: (1) $59,700,000,000 for FY 1988; (2) $63,850,000,000 for FY 1989; and $68,950,000,000 for FY 1990. Sets the appropriate levels of total new budget authority at $901,600,000,000 for FY 1988, $949,250,000,000 for FY 1989, and $973,050,000,000 for FY 1990. States that the appropriate levels of total budget outlays are $833,750,000,000 for FY 1988, $86…