What is the process of creating a federal budget?

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12-12-2022
History

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What is the process of creating a federal budget?

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contexto1019 contexto1019 · Answer 1 · 2022-12-18T10:50:23-05:00

Typically, Congress holds hearings to examine administration representatives about their demands, after which it may create its own budget proposal, known as a "budget resolution."

Drafting and enforcing the congressional budget resolution are the Budget Committees of the House and Senate. There are normally seven phases in the federal budget process, which are more fully described below:

budget request from the president
the budget resolution
Finance legislation
Legislation authorizing
Measures of revenue
reconciling the budget
legislation to increase the U.S. debt ceiling and debt limit

The budget resolution serves as a guide for internal decision-making that considers expenditure, revenue, and the resulting deficit or surplus as a whole. The resolution is not sent to the president and lacks legal authority.

Learn more about the federal budget here:

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