The US Congress is predicted to vote on the 2025 finances in September 2024. The finances will define the federal government’s spending plans for the fiscal yr starting October 1, 2024, and ending September 30, 2025.
The finances course of is complicated and includes a number of steps. The President submits a finances proposal to Congress, which then evaluations and debates the proposal. Congress could make adjustments to the President’s proposal earlier than voting on a remaining finances decision. As soon as the finances decision is handed, Congress begins the method of appropriating funds for particular applications and businesses.