Jim Nussle: “I am transmitting a status report on the current levels of on-budget spending and revenues for fiscal year 2006 and for…”

“I am transmitting a status report on the current levels of on-budget spending and revenues for fiscal year 2006 and for the five-year period of fiscal years 2006 through 2010. This report is necessary to facilitate the application of sections 302 and 311 of the Congressional Budget Act and section 401 of the conference report on the concurrent resolution on the budget for fiscal year 2006 (H. Con. Res. 95). This status report is current through May 23, 2005. The term ``current level'' refers to the amounts of spending and revenues estimated for each fiscal year based on laws enacted or awaiting the President's signature. The first table in the report compares the current levels of total budget authority, outlays, and revenues with the aggregate levels set forth by H. Con. Res. 95. This comparison is needed to enforce section 311(a) of the Budget Act, which creates a point of order against measures that would breach the budget resolution's aggregate levels. The table does not show budget authority and outlays for years after fiscal year 2006 because those years are not considered for enforcement of spending aggregates. The second table compares, by authorizing committee, the current levels of budget authority and outlays for discretionary action with the ``section 302(a)'' allocations made under H. Con. Res. 95 for fiscal year 2006 and fiscal years 2006 through 2010.…”