2025 United States federal budget

Last updated
2025 (2025) Budget of the United States federal government
Submitted by Joe Biden
Submitted to 119th Congress
Website Budget of the US Government
  2024
2026›

The United States federal budget for fiscal year 2025 runs from October 1, 2024, to September 30, 2025.

Contents

Background

Under the United States budget process established in 1921, the US government is funded by twelve appropriations bills that are formed as a response to the presidential budget request submitted to congress in the first few months of the calendar year. The various legislators in the two chambers of congress negotiate over the precise details of the various appropriations bills. In some politically contentious years when these negotiation processes deadlock, the Legislative Branch passes a continuing resolution that essentially extends the current funding levels into the new fiscal year until a budget can be agreed upon by a majority of both houses and signed into law by the President of the United States. Supplemental appropriations bills can provide additional appropriations for emergencies and other matters.

These appropriations bills are classified as discretionary spending, and make up around 22% of federal expenditures. The remainder is classified as mandatory spending, which includes programs such as Social Security and Medicare, as well as interest on debt. [1]

Budget legislation

President Joe Biden released his budget proposal in March 2024. [2]

The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025.

Appropriations legislation

Related Research Articles

The United States budget process is the framework used by Congress and the President of the United States to formulate and create the United States federal budget. The process was established by the Budget and Accounting Act of 1921, the Congressional Budget and Impoundment Control Act of 1974, and additional budget legislation.

In law and government, appropriation is the act of setting apart something for its application to a particular usage, to the exclusion of all other uses.

U.S. Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies, often referred to colloquially as the CJS Subcommittee is one of twelve subcommittees of the U.S. Senate Committee on Appropriations. It was formerly known as the Subcommittee on Commerce, Justice, State, and the Judiciary during the 108th Congress (2003–2005), but responsibility for the State Department and the federal Judiciary are now handled by separate subcommittees. The United States Senate Committee on Appropriations has joint jurisdiction with the United States House Committee on Appropriations over all appropriations bills in the United States Congress. Each committee has 12 matching subcommittees, each of which is tasked with working on one of the twelve annual regular appropriations bills. This subcommittee has jurisdiction over the budget for the United States Department of Commerce, the United States Department of Justice, and Science policy of the United States.

The U.S. Senate Appropriations Subcommittee on Defense is one of twelve subcommittees of the U.S. Senate Committee on Appropriations. Military defense spending is the largest individual component of federal discretionary spending, making the Defense Subcommittee one of the more powerful Appropriations subcommittees. When referring to federal discretionary spending as a whole, many budget analysts make a distinction between defense and non-defense discretionary spending. The United States Senate Committee on Appropriations has joint jurisdiction with the United States House Committee on Appropriations over all appropriations bills in the United States Congress. Each committee has 12 matching subcommittees, each of which is tasked with working on one of the twelve annual regular appropriations bills.

U.S. Senate Appropriations Subcommittee on Financial Services and General Government is one of twelve subcommittees of the U.S. Senate Committee on Appropriations. It was renamed from the Subcommittee on District of Columbia in 2007 in order to align the operations of the House and Senate Appropriations Committees. The United States Senate Committee on Appropriations has joint jurisdiction with the United States House Committee on Appropriations over all appropriations bills in the United States Congress. Each committee has 12 matching subcommittees, each of which is tasked with working on one of the twelve annual regular appropriations bills. This subcommittee has jurisdiction over the budget for the United States Department of the Treasury and General Government.

<span class="mw-page-title-main">Military budget of the United States</span> Yearly spending of the United States military

The military budget of the United States is the largest portion of the discretionary federal budget allocated to the Department of Defense (DoD), or more broadly, the portion of the budget that goes to any military-related expenditures. The military budget pays the salaries, training, and health care of uniformed and civilian personnel, maintains arms, equipment and facilities, funds operations, and develops and buys new items. The budget funds six branches of the US military: the Army, Navy, Marine Corps, Coast Guard, Air Force, and Space Force.

In the United States, a continuing resolution is a type of appropriations legislation. An appropriations bill is a bill that appropriates money to specific federal government departments, agencies, and programs. The money provides funding for operations, personnel, equipment, and activities. Regular appropriations bills are passed annually, with the funding they provide covering one fiscal year. The fiscal year is the accounting period of the federal government, which runs from October 1 to September 30 of the following year.

<span class="mw-page-title-main">United States federal budget</span> Budget of the U.S. federal government

The United States budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs. The non-partisan Congressional Budget Office provides extensive analysis of the budget and its economic effects. CBO estimated in February 2024 that Federal debt held by the public is projected to rise from 99 percent of GDP in 2024 to 116 percent in 2034 and would continue to grow if current laws generally remained unchanged. Over that period, the growth of interest costs and mandatory spending outpaces the growth of revenues and the economy, driving up debt. Those factors persist beyond 2034, pushing federal debt higher still, to 172 percent of GDP in 2054.

The House Subcommittee on Energy and Water Development, and Related Agencies is a standing subcommittee within the House Appropriations Committee. The United States House Committee on Appropriations has joint jurisdiction with the United States Senate Committee on Appropriations over all appropriations bills in the United States Congress. Each committee has 12 matching subcommittees, each of which is tasked with working on one of the twelve annual regular appropriations bills. This subcommittee has jurisdiction over the budget for the United States Department of Energy and Water Development.

The House Subcommittee on Homeland Security is a standing subcommittee within the House Appropriations Committee. The United States House Committee on Appropriations has joint jurisdiction with the United States Senate Committee on Appropriations over all appropriations bills in the United States Congress. Each committee has 12 matching subcommittees, each of which is tasked with working on one of the twelve annual regular appropriations bills. This subcommittee has jurisdiction over the budget for the United States Department of Homeland Security.

The Subcommittee on Labor, Health and Human Services, Education, and Related Agencies is a subcommittee within the House Appropriations Committee. The United States House Committee on Appropriations has joint jurisdiction with the United States Senate Committee on Appropriations over all appropriations bills in the United States Congress. Each committee has 12 matching subcommittees, each of which is tasked with working on one of the twelve annual regular appropriations bills. This subcommittee has jurisdiction over the budget for the United States Department of Labor, the United States Department of Health and Human Services, and the United States Department of Education.

The United States House Appropriations Subcommittee on Military Construction, Veterans Affairs, and Related Agencies is a standing committee of the U.S. House subcommittees and is within the United States House Committee on Appropriations. The United States House Committee on Appropriations has joint jurisdiction with the United States Senate Committee on Appropriations over all appropriations bills in the United States Congress. Each committee has 12 matching subcommittees, each of which is tasked with working on one of the twelve annual regular appropriations bills. This subcommittee has jurisdiction over the budget for Military Construction and the United States Department of Veterans Affairs.

<span class="mw-page-title-main">United States House Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies</span>

The United States House Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies is a standing committee of the U.S. House subcommittees and is within the United States House Committee on Appropriations. The United States House Committee on Appropriations has joint jurisdiction with the United States Senate Committee on Appropriations over all appropriations bills in the United States Congress. Each committee has 12 matching subcommittees, each of which is tasked with working on one of the twelve annual regular appropriations bills. This subcommittee has jurisdiction over the budgets for the United States Department of Commerce, the United States Department of Justice, and Science policy of the United States.

U.S. House Appropriations Subcommittee on Financial Service and General Government is a subcommittee of the U.S. House Committee on Appropriations. It was created in 2007 to align the operations of the House and Senate Appropriations Committees. It was assigned jurisdiction over financial and general government programs from the former Subcommittee on Transportation, Treasury, and Housing and Urban Development, The Judiciary, District of Columbia. The United States House Committee on Appropriations has joint jurisdiction with the United States Senate Committee on Appropriations over all appropriations bills in the United States Congress. Each committee has 12 matching subcommittees, each of which is tasked with working on one of the twelve annual regular appropriations bills.

The 2014 United States federal budget is the budget to fund government operations for the fiscal year (FY) 2014, which began on October 1, 2013 and ended on September 30, 2014.

<span class="mw-page-title-main">Appropriations bill (United States)</span> Bill which allocates government spending

In the United States Congress, an appropriations bill is legislation to appropriate federal funds to specific federal government departments, agencies and programs. The money provides funding for operations, personnel, equipment and activities. Regular appropriations bills are passed annually, with the funding they provide covering one fiscal year. The fiscal year is the accounting period of the federal government, which runs from October 1 to September 30 of the following year. Appropriations bills are under the jurisdiction of the United States House Committee on Appropriations and the United States Senate Committee on Appropriations. Both Committees have twelve matching subcommittees, each tasked with working on one of the twelve annual regular appropriations bills.

<span class="mw-page-title-main">2015 United States federal budget</span> U.S. budget from October 1, 2014 to September 30, 2015

The 2015 United States federal budget was the federal budget for fiscal year 2015, which runs from October 1, 2014 to September 30, 2015. The budget takes the form of a budget resolution which must be agreed to by both the United States House of Representatives and the United States Senate in order to become final, but never receives the signature or veto of the President of the United States and does not become law. Until both the House and the Senate pass the same concurrent resolution, no final budget exists. Actual U.S. federal government spending will occur through later appropriations legislation that would be signed into law.

<span class="mw-page-title-main">Department of Defense Appropriations Act, 2015</span>

The Department of Defense Appropriations Act, 2015 is an appropriations bill that would provide funding for the United States Department of Defense for fiscal year 2015 of approximately $491 billion.

<span class="mw-page-title-main">2023 United States federal budget</span> US budget from 1 October 2022 to 30 September 2023

The United States federal budget for fiscal year 2023 runs from October 1, 2022, to September 30, 2023. The government was initially funded through a series of three temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2023.

The United States federal budget for fiscal year 2024 runs from October 1, 2023, to September 30, 2024.

References

  1. Street, 351 Pleasant; MA, Suite B. #442 Northampton. "Federal Spending: Where Does the Money Go". National Priorities Project. Retrieved 2024-03-27.{{cite web}}: CS1 maint: numeric names: authors list (link)
  2. Aris Folley, Alex Gangitano (2023-03-09). "Breaking down Biden's budget: Here's what's in it". The Hill. Retrieved 2024-03-27.