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Information on Appropriations for Fiscal Year 2013 and the Effect on Those Appropriations of the Automatic Spending Reductions 1 (March 12, 2013)

handle is hein.congrec/cbo11011 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director U.S. Congress Washington, DC 20515 March 12, 2013 Honorable Jeff Sessions Ranking Member Committee on the Budget United States Senate Washington, DC 20510 Dear Senator: As you requested, the Congressional Budget Office (CBO) is providing information in this letter on appropriations for fiscal year 2013 and the effect on those appropriations of the automatic spending reductions (known as sequestration) that were implemented on March 1. If the Consolidated and Continuing Appropriations Act, 2013 (an amendment to H.R. 933, as offered in the Senate on March 11, 2013) is enacted, appropriations for 2013 for programs limited by the statutory caps will total $1,043 billion.' In addition, the proposed appropriations and previously enacted legislation include funding for certain activities that are not constrained by the caps; together, that Senate legislation and Public Law 113-2, the Disaster Relief Appropriations Act, 2013, would provide a total of $153 billion in such funding.2 Both appropriations limited by the caps and those that are not constrained include resources that are subject to the automatic spending reductions. All told, appropriations for 2013 will total $1,196 billion if the Senate legislation is enacted. In OMB Report to the Congress on the Joint Committee Sequestration for Fiscal Year 2013 (March 1, 2013), the Office of Management and Budget (OMB) provided details on the automatic spending reductions for 2013. Specifically, those reductions will lower the $1,043 billion in appropriations limited by the caps (as well as unobligated balances for defense programs) by $59 billion, resulting in an annual total of $984 billion in net new budget authority (see Table 1). In addition, funding for activities that are not constrained by the 1. The caps were initially established by the Budget Control Act of 2011 and later amended by the American Taxpayer Relief Act of 2012. 2. Those activities include overseas contingency operations. disaster relief, program integrity efforts, and emergency requirements.

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