Pursuant to House Rules H.Res. 5 and H. Res. 38, the Budget Committee Chairman will file today interim committee allocations and budget aggregates to set levels for budget authority (BA), outlays and revenues for FY 2011 and for the 5-year period covering FY 2011 – FY 2015.
As previously announced, the Chairman will file authorizing committee allocations and budget aggregates that are based on CBO’s January 2011 baseline. Under H.Res. 5, the Chairman of the Budget Committee is authorized to make adjustments to these levels to provide for the budgetary effects of certain legislation as provided for in H.Res. 5 such as legislation that would extend 2001 and 2003 tax laws.
The FY 2011 discretionary BA allocation to the Appropriations Committee was set at $1,055 billion on February 8, 2011 as explained in /News/DocumentSingle.aspx?DocumentID=223391. This level does not assume contingencies for overseas operations related to the global war on terrorism or other emergency spending. Pursuant to H. Res. 5 advance appropriations for certain programs and other activities for each of FY 2012 and FY 2013 are limited to no more than $28.852 billion.
Under the Budget Act, these interim ceilings on spending and floor on revenues will be used for budget enforcement purposes until a new budget resolution is adopted. This action is necessary because the previous Congress failed to establish a budget for FY 2011.
These allocations and aggregates reflect on-budget amounts only. Off-budget amounts such as Social Security, which is off-budget pursuant to Section 13301 of the Budget Enforcement Act of 1990, are excluded from these allocations and aggregates.