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A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2023 and setting forth the appropriate budgetary levels for fiscal years 2024 through 2032.
10/19/2022, 4:25 AM
Summary of Bill SCONRES 41
The resolution establishes the overall spending levels for various government programs and agencies, as well as revenue targets to fund these expenditures. It also includes projections for economic growth, inflation, and other key economic indicators that will impact the federal budget.
One of the key components of the resolution is the allocation of funds for different priorities, such as defense, healthcare, education, and infrastructure. It also addresses issues such as the national debt and deficit, and outlines strategies for reducing these fiscal challenges over the long term. Overall, Bill 117 sconres 41 aims to provide a roadmap for the federal government's budgetary decisions in the coming years, with the goal of ensuring fiscal responsibility and sustainability. It will be up to Congress to debate and ultimately pass a final budget based on the guidelines set forth in this resolution.
Congressional Summary of SCONRES 41
This concurrent resolution establishes the congressional budget for the federal government for FY2023 and sets forth budgetary levels for FY2024-FY2032.
The resolution recommends levels and amounts for FY2023-FY2032 for
- federal revenues,
- new budget authority,
- budget outlays,
- deficits,
- public debt,
- debt held by the public, and
- the major functional categories of spending.
It also recommends levels and amounts for Social Security and Postal Service discretionary administrative expenses for the purpose of budget enforcement in the Senate.
In addition, the resolution establishes reserve funds that allow certain adjustments to committee allocations and other budgetary levels to accommodate legislation relating to (1) efficiencies, consolidations, and other savings; or (2) health savings accounts.
The resolution also sets forth budget enforcement procedures that address issues such as budget points of order, emergency legislation, and Congressional Budget Office cost estimates.
