Concurrent resolution setting the congressional budget for the U.S. Government for the fiscal year 1977, and revising the congressional budget for the transition beginning July 1, 1976.

[AI summary unavailable — showing source text] Sets forth the congressional budget for the United States Government for the fiscal year 1977. Provides that the recommended level of Federal revenues is $363,000,000,000, and the amount by which the aggregate level of Federal revenues should be decreased is $14,800,000,000. States that the appropriate level of total new budget authority is $394,200,000,000. Establishes the appropriate level of the public debt at $661,275,000,000. Sets forth the appropriate level of new budget authority and the estimated budget outlays for each major functional category, including: (1) $112,000,000,000, for National Defense with outlays of $100,600,000,000: (2) $3,400,000,000 for International Affairs with outlays of $3,000,000,000; (3) $2,300,000,000 for Agriculture with outlays of $2,000,000,000; (4) $3,300,000,000 for Law Enforcement and Justice with outlays of $3,400,000,000; and (5) $5,000,000,000 for Revenue Sharing and General Purpose Fiscal Assistance with outlays of $5,000,000,000. Revises the congressional budget for the transition period beginning July 1, 1976 as follows: (1) recommends $86,000,000,000 as the level of Federal revenues; (2) sets $81,500,000,000 as the appropriate level of…