Table 3.  Required Reductions in Discretionary Spending (By fiscal year, in
billions of dollars)

                                                               Cumulative
                                                               Five-Year
                           1994   1995   1996   1997   1998    Total

Uncapped Baseline Deficit a.304    310    313    347    387    1,662

Reductions Required to Meet
CBO Baseline
  Discretionary spending    -13    -25    -24     -23   -23    -107
  Debt-service savings      b      -1     -3      -5    -6     -16
    Subtotal                -13    -26    -27     -28   -29    -123

CBO Baseline Deficit c.     291    284    287    319    357    1,539
SOURCE:Congressional Budget Office.

a. The assumed level of discretionary appropriations in 1994 through 1998
   equals actual 1993 appropriations increased for projected inflation and
   excludes emergencies.

b. Less than $500 million.

c. Discretionary appropriations are held to the limits established by the
   Budget Enforcement Act for 1994 and 1995 and are adjusted for inflation
   thereafter.
