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

(Conference report filed in Senate, S. Rept. 94-1232)

Sets forth the congressional budget for the United States Government for the fiscal year 1977. Provides 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 $451,550,000,000.

Sets forth the appropriate level of total budget outlays at $413,100,000,000.

Defines the amount of deficit in the budget which is appropriate in the light of economic conditions and all other relevant factors to be $50,600,000,000.

Sets the appropriate level of the public debt at $700,000,000,000.

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 will include: (1) $112,100,000,000 for national defense with outlays of $100,650,000,000; (2) $8,900,000,000 for international affairs with outlays of $6,900,000,000; (3) $4,600,000,000 for general science, space, and technology with outlays of $4,500,000,000; (4) $18,200,000,000 for natural resources, environment, and energy, with outlays of $16,200,000,000; (5) $2,100,000,000 for agriculrure with outlays of $2,200,000,000; (6) $17,200,000,000 for commerce and transportation, with outlays of $17,400,000,000; (7) $9,550,000,000 for community and regional development with outlays of $9,050,000,000; (8) $24,000,000,000 for education, training, employment, and social services, with outlays of $22,200,000,000; (9) $40,500,000,000 for health, with outlays of $38,900,000,000; (10) $155,900,000,000 for income security with outlays of $137,200,000,000; (11) $20,300,000,000 for veterans' benefits and services, with outlays of $19,500,000,000; (12) $3,500,000,000 for law enforcement and justice with outlays of $3,600,000,000; (13) $3,600,000,000 for general government, with outlays of $3,500,000,000; (14) $7,600,000,000 for revenue sharing and general purpose fiscal assistance and outlays of $7,700,000,000; (15) $39,600,000,000 for interest and outlays of $39,600,000,000; (16) $700,000,000 for allowances and outlays of $800,000,000; and (17) $16,800,000,000 for undistributed offsetting receipts and outlays of $16,800,000,000.