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This statement is not available for public release until it is delivered at 10:00 a.m. (EDT), Tuesday, July 23, 1996. |
Chairman Walker and Members of the Committee, I appreciate the opportunity to discuss the budgetary outlook for discretionary spending programs--such as the research and development activities of interest to this Committee--under both the President's and the Congress's plans for balancing the budget by 2002. At this stage, determining what future funding levels will be for individual discretionary spending programs is not possible. However, under both the President's 1997 budget and the 1997 budget resolution, the overall amount of discretionary spending through 2002 would be substantially lower in real terms than in the current year.
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