{"id":1709,"date":"2022-03-30T11:28:44","date_gmt":"2022-03-30T15:28:44","guid":{"rendered":"https:\/\/blogs.library.unt.edu\/sycamore-stacks\/?p=1709"},"modified":"2022-03-30T11:47:26","modified_gmt":"2022-03-30T15:47:26","slug":"president-bidens-budget-for-fiscal-year-2023-is-now-online","status":"publish","type":"post","link":"https:\/\/blogs.library.unt.edu\/sycamore-stacks\/2022\/03\/30\/president-bidens-budget-for-fiscal-year-2023-is-now-online\/","title":{"rendered":"President Biden\u2019s Budget for Fiscal Year 2023 Is Now Online"},"content":{"rendered":"\n\"Budget<\/a>\n


Every year since 1921, when the Budget and Accounting Act<\/a> gave the President of the United States the overall responsibility for planning the annual Budget of the United States Government, the Government Publishing Office<\/a> (GPO) has worked with the White House Office of Management and Budget<\/a> (OMB) to produce and distribute the President\u2019s budget proposals for the coming fiscal year.\u00a0<\/p>\n

The President’s Budget for Fiscal Year 2023<\/a>, which runs from October 1, 2022 to September 30, 2023, is now available for anyone with access to a computer to read online for free. GPO has signed and certified the PDF files to assure users that these online documents are official and authentic. They should be viewed using Adobe Acrobat or Reader version 7.0 or higher.<\/p>\n

In a few weeks a paper copy of the FY 2023 Budget will be available for reading at Sycamore Library. A paper copy can also be pre-ordered from the U.S. Government Bookstore<\/a> if you would like to purchase your own personal copy.<\/p>\n

FACT SHEET: The President\u2019s Budget for Fiscal Year\u00a0<\/span>2023<\/a> is a press release from the White House Briefing Room that highlights economic achievements of the past year of the Biden administration and previews the President’s vision for further recovery from the pandemic during the next fiscal year.<\/p>\n

The Budget Process<\/h1>\n

The U.S. Constitution gives Congress the “power of the purse<\/a>,” but does not prescribe how that power is to be exercised, nor does it provide a specific role for the President with regard to budgetary matters. Instead, various statutes, congressional rules, practices, and precedents have been established over the years to create a complex system in which multiple decisions and actions occur with varying degrees of “coordination” (to put the matter politely). As a consequence, there is no single definitive \u201cbudget process\u201d through which all budgetary decisions are made.<\/p>\n

This oversimplified list of steps, therefore, can provide a general idea of how the federal budget is created and implemented, but keep in mind that the reality is never so orderly or linear:<\/p>\n

Formulation of the President’s Budget<\/strong><\/p>\n

    \n
  1. Executive agencies submit their requests for funds to the Office of Management and Budget.<\/li>\n
  2. The President reviews these requests and makes the final decisions on what to go in the proposed budget.<\/li>\n
  3. The budget documents are prepared and sent to Congress. (These are the documents described in this post.)<\/li>\n<\/ol>\n

    Action by Congress<\/strong><\/p>\n

      \n
    1. Congress reviews the President\u2019s budget and passes a budget resolution, setting total spending levels for the year. (They may follow, modify, or reject the President’s recommendations.)<\/li>\n
    2. Within the framework of the budget resolution, individual committees prepare detailed appropriations bills to provide funding for specific purposes. Other legislation affecting spending and revenue is also developed.\u00a0<\/li>\n
    3. The House and Senate work out their differences and enact the appropriations bills.<\/li>\n
    4. The President signs the bills and the budget is now law.<\/li>\n
    5. The fiscal year begins.<\/li>\n<\/ol>\n

      Execution of the Enacted Budget Laws<\/strong><\/p>\n

        \n
      1. Agency program managers execute the budget they have been provided.<\/li>\n
      2. Data are collected on how much the government actually spends and receives.<\/li>\n<\/ol>\n

        For a more detailed description of the budgetary process that occurs today and how it developed over the years, see the Congressional Research Service report Introduction to the Federal Budget Process<\/a>.\u00a0This CRS report also includes appendices that provide a glossary of budget-process-related terms and a flowchart of congressional budget process actions.\u00a0<\/p>\n

        Organization of the Budget<\/h1>\n

        The Budget of the United States Government is divided into three main volumes and is accompanied by several supporting documents and supplemental materials provided to enhance one’s understanding of the Budget.<\/p>\n

        Budget of the U.S. Government, Fiscal Year 2023<\/a><\/h2>\n

        The title volume\u2014a scant 149 pages long\u2014is by far the most succinct volume. It contains the Budget Message of the President<\/a>, which explains the President\u2019s budget priorities, and it provides summary tables of the President\u2019s proposed plans for the budget and any recommended taxes.<\/p>\n

        Analytical Perspectives<\/a><\/h2>\n

        This volume provides analyses that highlight specific subject areas or provide other significant presentations of budget data to place the budget in perspective.<\/p>\n

        Here you will find<\/p>\n