HCONRES 741 · 94th Congress · Economics and Public Finance

A resolution revising the congressional budget for the U.S. Government for the fiscal year 1977.

Introduced 1976-09-08· Sponsored by Rep. Rousselot, John H. [R-CA-26]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on the Budget.(1976-09-08)

Plain Language Summary

[AI summary unavailable — showing source text] Sets forth the congressional budget for the United States Government for the fiscal year 1977. States 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 $394,200,000,000. Sets forth the appropriate level of total budget outlays at $362,500,000,000. Defines the amount of deficit in the budget which is appropriate in the light of economic conditions and all other relevant factors to be $0. Sets the appropriate level of the public debt at $649,260,000,000, and recommends a decrease in the statutory limit on such debt by $50,740,000. Declares that for the fiscal year beginning on October 1, 1976, the appropriate level of new budget authority and the estimated budget outlays for each major functional category are as follows: (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) $4,400,000,000 for general science, space, and technology with outlays of $4,300,000,000, (4) $19,200,000,000 for natural res…

Summarized by Claude AI · Non-partisan · For informational purposes only