SCONRES 86 · 96th Congress · Economics and Public Finance
A concurrent resolution setting forth the recommended congressional budget for the United States Government for the fiscal years 1981, 1982, and 1983 and revising the Second Concurrent Resolution on the Budget for fiscal year 1980.
Bill Progress
✓
Introduced✓
Committee3
Senate Vote4
House5
EnactedLatest: Measure indefinitely postponed in Senate, H. Con. Res. 307 passed in lieu.(1980-05-12)
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: $612,900,000,000 in fiscal year 1981; $697,200,000,000 in fiscal year 1982; and $780,600,000,000 in fiscal year 1983. Recommends a decrease in the aggregate level of Federal revenues of: $3,700,000,000 in fiscal year 1981; $9,600,000,000 in fiscal year 1982; and $33, 500,000,000 in fiscal year 1983. States that the appropriate level of new budget authority is: $687,900,000,000; $759,300,000,000; and $831,500,000,000 for fiscal years 1981, 1982, and 1983 respectively. Sets the appropriate level of total budget outlays in such years at: $612,900,000,000; $687,200,000,000; and $753,500,000,000. States that a balanced budget would be appropriate in fiscal year 1981 in light of economic conditions. Recommends budget surpluses of $10,000,000,000 in fiscal year 1982 and $27,100,000,000 in fiscal year 1983. States that the appropriate level of the public debt is $927,800,000,000 in fiscal year 1981 with an increase in the temporary statutory debt limit of $32,700,000,000. Sets the appropriate level of the public debt in fiscal year…
Summarized by Claude AI · Non-partisan · For informational purposes only