Revises the concurrent resolution on the budget for FY 1984 and sets forth the first concurrent resolution on the budget for FY 1985 and the appropriate budgetary levels for FY 1986 and 1987.
Recommends levels of Federal revenues of $664,900,000,000 for FY 1984, $784,600,000,000 for FY 1985, $852,900,000,000 for FY 1986, and $936,500,000,000 for FY 1987. Sets the amount by which the aggregate levels of Federal revenues should be changed at $0,000,000 for FY 1984, $51,600,000,000 for FY 1985, $58,000,000,000 for FY 1986, and $73,000,000,000 for FY 1987.
Sets the appropriate levels of total new budget authority at $898,660,000,000 for FY 1984, $996,210,000,000 for FY 1985, $1,058,950,000,000 for FY 1986, and $1,130,150,000,000 for FY 1987.
States that the appropriate levels of total budget outlays are $849,550,000,000 for FY 1984, $938,770,000,000 for FY 1985, $983,420,000,000 for FY 1986, and $1,040,630,000,000 for FY 1987.
Sets the amount of deficits in the budget which are appropriate in light of economic conditions and all other relevant factors at $184,650,000,000 for FY 1984, $154,170,000,000 for FY 1985, $130,520,000,000 for FY 1986, and $104,130,000,000 for FY 1987.
States that the appropriate levels of public debt are $1,595,800,000,000 for FY 1984, $1,837,300,000,000 for FY 1985, $2,086,150,000,000 for FY 1986, and $2,347,250,000,000 for FY 1987. Sets the amounts by which the temporary statutory limits on such debt should be accordingly increased at $219,200,000,000 for FY 1984, $241,500,000,000 for FY 1985, $248,850,000,000 for FY 1986, and $261,100,000,000 for FY 1987.
Sets forth the appropriate levels of total Federal credit activity as follows: (1) $37,600,000,000 for new direct loan obligations, $105,150,000,000 for new primary loan guarantee commitments, and $68,250,000,000 for new secondary loan guarantee commitments for FY 1984; (2) $37,500,000,000 for new direct loan obligations, $111,150,000,000 for new primary loan guarantee commitments, and $68,250,000,000 for new secondary loan guarantee commitments for FY 1985; (3) $39,950,000,000 for new direct loan obligations, $117,400,000,000 for new primary loan guarantee commitments, and $68,250,000,000 for new secondary loan guarantee commitments for FY 1986; and (4) $40,450,000,000 for new direct loan obligations, $123,150,000,000 for new primary loan guarantee commitments, and $68,250,000,000 for new secondary loan guarantee commitments for FY 1987.
Sets forth the levels of new budget authority and budget outlays and the primary and secondary loan guarantee commitments for each major functional category for FY 1984 through 1987.
Introduced in House
Introduced in House
Referred to House Committee on The Budget.
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