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Public Policy

Overview

Who’s involved in creating the federal budget?

Federal Fiscal Year Runs Oct 1 to Oct 1

  • President – submits a budget “request”; tool to set national policy 
  • Office of Management and Budget (executive agency) Formulates, prepares, and oversees the president’s budget 
  • Congress
    • Senate Budget Committee
    • House Budget Committee
    • Senate Appropriations Committee
    • House Appropriations Committee  
  • Congressional Budget Office

The budget sets “broad areas of spending; appropriations define the allocation of money for very specific programs and items”. Congress implements budget resolution policies through action on individual revenue and debt-limit measures, annual appropriations acts, and direct spending legislation.

References:

Keith, Robert. (2008).  CRS Report for Congress: Introduction to the Federal Budget Process.  Congressional Research Service, Washington, D.C.  Available online: http://opencrs.com/document/98-721/2008-03-07

Sears, J. L., & Moody, M. K. (2001). Using government information sources: Electronic and print. Phoenix, Ariz: Oryx Press.

Who's Involved with the Federal Budget Process?

Federal Budget Timetable

From the US Code Online via GPO Access [www.gpoaccess.gov]

[Laws in effect as of January 3, 2007] [CITE: 2USC631] 2006 Edition

TITLE 2--THE CONGRESS

CHAPTER 17A--CONGRESSIONAL BUDGET AND FISCAL OPERATIONS

SUBCHAPTER I--CONGRESSIONAL BUDGET PROCESS

Sec. 631. Timetable   The timetable with respect to the congressional budget process for any fiscal year is as follows:

On or before: Action to be completed:
First Monday in February  President submits his budget.
February 15 Congressional Budget Office submits report to Budget Committees.
Not later than 6 weeks  Committees submit views and estimates after President submits to Budget Committees
April 1 Senate Budget Committee reports concurrent resolution on the budget.
April 15 Committees submit views and estimates after President submits to Budget Committees
May ? Something
June 10 House Appropriations Committee reports last annual appropriation bill.
June 15 Congress completes action on reconciliation legislation.
June 30 House completes action on annual appropriation bills.
October 1 Fiscal year begins.