A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034.

What it does

This concurrent resolution establishes the congressional budget for the federal government for FY2025 and sets forth budgetary levels for FY2026-FY2034.

The resolution recommends levels and amounts for FY2025-FY2034 for

• federal revenues,

• new budget authority,

• budget outlays,

• deficits,

• public debt,

• debt held by the public, and

• the major functional categories of spending.

It also recommends levels and amounts for Social Security and Postal Service discretionary administrative expenses for the purpose of budget enforcement in the Senate.

In addition, the resolution establishes reserve funds that allow certain adjustments to committee allocations and other budgetary levels to accommodate legislation relating to (1) efficiencies, consolidations, and other savings; or (2) health savings accounts.

The resolution also sets forth budget enforcement procedures that address issues such as budget points of order, emergency legislation, and Congressional Budget Office cost estimates.

Summary by the Congressional Research Service, Sep 12, 2024 (Introduced in Senate). CRS summarizes bills impartially; it does not take positions.