[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million of the rescissions proposed by the President was rescinded by 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.

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               Attachment A--Status of FY 1998 Rescissions              
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                                               Budgetary
                                                               resources
------------------------------------------------------------------------
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
                                                             -----------
Currently before the Congress...............................         2.8
------------------------------------------------------------------------


                Attachment B--Status of FY 1998 Deferrals               
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                                               Budgetary
                                                               resources
------------------------------------------------------------------------
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..................................  ..........
                                                             -----------
Currently before the Congress...............................     2,451.7
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[FR Doc. 98-19430 Filed 7-21-98; 8:45 am]
BILLING CODE 3110-01-C