Cyclopedia of Congressional Budget Law

President’s Budget

Summary

The law requires the President to annually submit specified information and is colloquially known as the President’s budget or the presidential budget submission.  First required by the Budget and Accounting Act of 1921, the parameters of the submission have changed over the past century. Though some laws require information to be transmitted at the same time as the President’s budget, the formal list of requirements are set forth in 31 U.S.C. 1105.


GAO Glossary of Terms and Definition (September 2005)

President’s Budget

The document sent to Congress by the President in January or February of each year, as required by law (31 U.S.C. § 1105), requesting new budget authority for federal programs and estimating federal revenues and outlays for the upcoming fiscal year and 4 subsequent outyears. Although the title of the document is Budget of the U.S. Government, it represents proposals for congressional consideration. (See also Budgetapp. I.)

[PAGE 79]

President’s Budget: The document sent to Congress by the President in January or February of each year, requesting new budget authority for Federal programs and estimating Federal revenues and outlays for the upcoming fiscal year.

[The Congressional Budget Process: An Explanation, Appendix J (Glossary), Committee on the Budget of the U.S. Senate, S. Prt. 105-67 (Revised December 1998).]


References

CRS – The Executive Budget Process:  An Overview (R42633) July 27, 2012

CRS – Submission of the Presidents Budget in Transition Years (RS20752) May 17, 2012

 

Previous:

Present Value

Next:

Program