SCONRES 119 · 96th Congress · Economics and Public Finance
An original concurrent resolution revising the Congressional Budget for the United States Government for the fiscal years 1981, 1982, and 1983.
Bill Progress
✓
Introduced✓
Committee3
Senate Vote4
House5
EnactedLatest: Measure indefinitely postponed in Senate, H. Con. Res. 448 passed in lieu.(1980-11-19)
Recorded Votes
PassedSenate · 1980-09-25
Yea 55Nay 36
Plain Language Summary
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Sets forth the congressional budget for the United States Government for fiscal years 1981, 1982, and 1983. Recommends the following levels of Federal revenues: $615,100,000,000 in fiscal year 1981; $698,700,000,000 in fiscal year 1982; and $792,100,000,000 in fiscal year 1983. Recommends an increase in the aggregate level of Federal revenues of $5,200,000,000 in fiscal year 1981 and decreases of $13,300,000,000 in fiscal year 1982 and of $35,600,000,000 in fiscal year 1983. States that the appropriate level of new budget authority is: $699,600,000,000; $778,800,000,000; and $852,600,000,000 for fiscal years 1981, 1982, and 1983 respectively. Sets the appropriate level of total budget outlays in such years at: $633,000,000,000; $709,900,000,000; and $777,700,000,000. Recommends in light of economic conditions, budget deficits of $17,900,000,000 in fiscal year 1981 and $11,200,000,000 in fiscal year 1982 and budget surpluses of $14,400,000,000 in fiscal year 1983. States that the appropriate level of the public debt is $961,800,000,000 in fiscal year 1981 with an increase in the temporary statutory debt limit of $40,900,000,000. Sets the appropriate level of the public debt in fisca…
Summarized by Claude AI · Non-partisan · For informational purposes only