Reagan May Get Draft of Budget Accord Today : Senate Package Reportedly Holds Pentagon to 3% Hike and Cuts $14 Billion From Farm Programs

White House negotiators and Senate Republican leaders said they were near agreement Wednesday on a compromise fiscal 1986 budget package and that they hope to send a final draft to President Reagan before Congress adjourns today for its weeklong Easter recess.

Both sides refused to disclose any details of the package and cautioned that nothing in it is final. But sources said that a consensus has been built to hold next year’s defense spending increase to 3% after inflation, which is estimated at 4% to 5%--the same level approved Wednesday by the Senate Armed Services Committee--and to cut $14 billion out of federal agricultural programs, including farm price supports.

Each figure represents a middle ground between President Reagan’s budget request and the spending freeze on many government programs approved several weeks ago as part of the Republican-led Senate Budget Committee’s resolution setting the outlines of the 1986 budget. The Administration complained that the Senate panel cut too sharply into its military budget and not enough into domestic programs.

“We’ve taken the Budget Committee resolution and . . . eliminated some programs,” Senate Majority Leader Bob Dole (R-Kan.) said. “We’ve fattened it up a bit . . . with more deficit reduction.”

The Senate’s Republican leadership has negotiated privately with the White House since last week to produce a package that Reagan can try to sell to the American people--and to the members of Congress, who will have to approve its unpopular spending cuts.

Without a push from Reagan, congressional leaders say, it will be difficult to make a significant dent in a federal budget deficit that is projected to exceed $220 billion next year.

If the President likes the negotiators’ final package, Dole said, he will lobby “very vigorously” for it, “going to television, whatever he needs, to rally the American people to reduce federal spending.”

Dole plans to begin Senate debate on the budget about April 22. In the House, where leaders are closely watching how the Republicans settle the budget debate among themselves, the Budget Committee is expected to begin preparing its version of a fiscal 1986 budget at about the same time.

On the critical issue of whether to deny next year’s cost-of-living increases for Social Security recipients, White House Chief of Staff Donald T. Regan told reporters: “We don’t touch that in this Administration.”

But he left open the possibility--as Reagan has--that the President would go along with a one-year freeze on Social Security benefits if it were supported by an overwhelming majority on Capitol Hill.

Education Cuts Unresolved

One issue that remained unresolved late Wednesday concerned Reagan’s proposed cuts in education.

Sen. Robert T. Stafford (R-Vt.), who is chairman of the Senate subcommittee that has jurisdiction over the federal student loan program, has fought to prevent most students from feeling any cuts in the federal aid they receive. His position was supported by the Budget Committee, which trimmed the program by only $200 million, about one-fifth of the reduction the White House had asked.

“I’m not going to agree to any changes of significance unless they pound me into the ground,” Stafford said.

One proposal reportedly being considered by the negotiators would limit the total amount of aid a student could receive in one year to $6,000, compared to Reagan’s proposed $4,000.