CHANGES IN ESTIMATES OF FISCAL YEAR 1971 BUDGET RECEIPTS (In billions of dollars) BUDGET ESTIMATE, January 1970..... 202.1 Effect of reduction in estimate of calendar -0.5 -1.0 1/ Enacted too late for collection in FY 1971. Collection will be made in FY 1972. 2/ Includes effect of auto strike. CHANGE IN 1971 OUTLAYS ($ in billions) February 1970 estimate of 1971 outlays.... Unemployment benefits (including benefits for civil service, foreign service, military and railroad retirees... Offsetting interest and retirement payments $200.8 $3.2 2.3 1.8 .4 within the Government..... ..6 Veterans benefits (excluding effect of new laws).. .4 Social security benefits: Under existing legislation.. .2 Under proposed legislation... 1.1 Public assistance grants including Medicaid. Effect of Congressional action (including inaction): Inaction on laws to permit sale of stockpile commodities, Alaska Railroad, and veterans housing loans... Inaction on Veterans, Medicaid and other reforms. .4 .4 .1 This total is the net result of many increases and decreases in estimates. * Less than $100 million. These consist of interfund and intragovernmental transactions and proprietary receipts from the public. 'Excluding loans held by Government and Government-sponsored enterprises. Includes $1.6 billion of certificates of interest as reclassified agency debt (Commodity Credit Corporation, Agriculture) July 1, 1969. Excluding Federal Reserve banks. |