[Federal Register Volume 63, Number 140 (Wednesday, July 22, 1998)]
[Notices]
[Pages 39298-39302]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-19430]
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OFFICE OF MANAGEMENT AND BUDGET
Cumulative Report on Rescissions and Deferrals
July 1, 1998.
This report is submitted in fulfillment of the requirement of
Section 1014(e) of the Congressional Budget and Impoundment Control Act
of 1974 (Public Law 93-344). Section 1014(e) requires a monthly report
listing all budget authority for the current fiscal year for which, as
of the first day of the month, a special message had been transmitted
to Congress.
This report gives the status, as of July 1, 1998, of 24 rescission
proposals and eight deferrals contained in two special messages for FY
1998. These messages were transmitted to Congress on February 3 and
February 20, 1998.
Rescissions (Attachments A and C)
As of July 1, 1998, 24 rescission proposals totaling $20 million
had been transmitted to the Congress. Congress approved 21 of the
Administration's rescission proposals in P.L. 105-174. A total of $17.3
million of the rescissions proposed by the President was rescinded by
that measure. Attachment C shows the status of the FY 1998 rescission
proposals.
Deferrals (Attachments B and D)
As of July 1, 1998, $2,452 million in budget authority was being
deferred from obligation. Attachment D shows the status of each
deferral reported during FY 1998.
Information From Special Messages
The special messages containing information on the rescission
proposals and deferrals that are covered by this cumulative report are
printed in the editions of the Federal Register cited below:
63 FR 7004, Wednesday, February 11, 1998
63 FR 10076, Friday, February 27, 1998
Jacob J. Lew,
Acting Director.
[[Page 39299]]
Attachment A--Status of FY 1998 Rescissions
[In millions of dollars]
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Budgetary
resources
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Rescissions proposed by the President....................... 20.1
Rejected by the Congress.................................... ..........
Amounts rescinded by P.L. 105-174, the FY 1998 Supplemental
Appropriations and Rescissions Act......................... -17.3
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Currently before the Congress............................... 2.8
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Attachment B--Status of FY 1998 Deferrals
[In millions of dollars]
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Budgetary
resources
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Deferrals proposed by the President......................... 4,833.0
Routine Executive releases through July 1, 1998 (OMB/Agency
releases of $2,381.6 million, partially offset by
cumulative positive adjustment of $0.3 million)............ -2,381.3
Overturned by the Congress.................................. ..........
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Currently before the Congress............................... 2,451.7
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BILLING CODE 3110-01-U
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[FR Doc. 98-19430 Filed 7-21-98; 8:45 am]
BILLING CODE 3110-01-C
