What is the schedule for the federal budget process? (2024)

The congressional budget process begins each year with the president submitting a budget for the following fiscal year. Usually, Congress receives the budget no later than the first Monday in February. The whole procedure is supposed to be completed by June 30, but that almost never happens.

Within the six weeks following submission, the various congressional committees report to the House and Senate budget committees, outlining how their spending and revenue proposals will differ from the president’s budget. After each budget committee compiles this information, Congress is supposed to pass a concurrent budget resolution by April 15.

From fiscal 1976 (the first effective year of the budget process) through 1998, Congress successfully passed budget resolutions each year. Failure to pass a budget resolution has recently become more common, however. Indeed, the longest period without a budget resolution passed by the whole Congress lasted from fiscal 2011 through fiscal 2015. Budget resolutions with reconciliation instructions were adopted after a fiscal year had already begun in fiscal 2017 (January 13, 2017), fiscal 2018 (October 26, 2017), and fiscal 2021 (February 5, 2021).

After the budget resolution passes, the House Appropriations Committee may begin the appropriations process. If a budget resolution is not passed by May 15, however, the House Appropriations Committee may begin appropriations in its absence. All necessary appropriations bills are supposed to be passed by June 30 but seldom are.

Congress occasionally uses a special procedure called reconciliation to fast-track revenue and spending legislation. Reconciliation bills are supposed to be complete by June 15.

If appropriations are not complete by October 1—and that is common—those federal agencies that do not have an appropriation are funded under continuing resolutions. These typically cover spending for only part of a year, but Congress sometimes extends them to cover the whole fiscal year. Continuing resolutions are generally understood to limit spending to last year’s level, but specific programs can be adjusted up and down.

Updated January 2024

Further Reading

Aherne, Drew C. 2022. “The Congressional Budget Process Timeline.” Washington, DC: Congressional Research Service.

Schick, Allen. 1995. The Federal Budget: Politics, Policy, Process. Washington, DC: Brookings Institution Press.

Stone, Chad. 2014. “The Federal Budget Process.” In Public Economics in the United States, vol. 2, edited by Steven Payson, 679–98. Santa Barbara, CA: Praeger.

What is the schedule for the federal budget process? (2024)
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