{"id":2649,"date":"2024-03-24T15:13:03","date_gmt":"2024-03-24T19:13:03","guid":{"rendered":"https:\/\/blogs.library.unt.edu\/sycamore-stacks\/?p=2649"},"modified":"2024-03-26T10:59:05","modified_gmt":"2024-03-26T14:59:05","slug":"president-bidens-budget-for-fy-2025-is-now-online","status":"publish","type":"post","link":"https:\/\/blogs.library.unt.edu\/sycamore-stacks\/2024\/03\/24\/president-bidens-budget-for-fy-2025-is-now-online\/","title":{"rendered":"President Biden’s Budget for FY 2025 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 2025<\/a><\/strong>, which runs from October 1, 2024 to September 30, 2025, 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

Sycamore Library will not be receiving a paper copy of this document this year, but a paper copy of the U.S. Government for Fiscal Year 2025<\/a> can 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>2025<\/a><\/strong> is a press release from the White House Briefing Room that highlights economic achievements of the past year of the Biden administration and details the President’s vision to reduce taxes for lower- and middle-income Americans; lower costs for prescription drugs, child care, education, and housing; protect and strengthen Social Security and Medicare; invest in America and the American people to make sure the middle class has a fair shot and no one is left behind; and reduce the deficit by “cracking down on fraud, cutting wasteful spending, and making the wealthy and corporations pay their fair share.” Among the proposed spending increases are mental healthcare programs for veterans; infrastructure improvements; worker protection and empowerment programs; clean energy projects; increased border security; and provision of international humanitarian assistance as well as support against aggression and terrorism.<\/p>\n

\u00a0<\/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 will go into 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><\/em><\/strong>. The appendices in this CRS report include a glossary of budget-process-related terms and a flowchart of congressional budget process actions.\u00a0<\/p>\n

        If you would like to track how government agencies and programs make use of this budgeted money once they have received it, visit USAspending.gov<\/a><\/strong>, “the official source of government spending data.”<\/p>\n

        \u00a0<\/p>\n

        Organization of the Budget<\/h1>\n

        The Budget of the United States Government<\/em> 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<\/em>.<\/p>\n

        \u00a0<\/p>\n\"Budget<\/a>\n

        \u00a0<\/p>\n

        Budget of the U.S. Government, Fiscal Year 2025<\/em><\/a><\/h2>\n

        The title volume\u2014a scant 181 pages long this year\u2014is by far the most succinct volume. It contains the Budget Message of the President<\/a><\/strong>, information on the President’s priorities and vision for the future, and summary tables of the President\u2019s proposed plans for the budget and any recommended taxes.<\/p>\n

        \u00a0<\/p>\n\"Analytical<\/a>\n

        \u00a0<\/p>\n

        Analytical Perspectives<\/em><\/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