Definition of the Week: the President’s Budget

The Budget and Accounting Act of 1921 requires the President of the United States to submit a budget to the Congress for its consideration. This document does not have the force of law, but lays out the President’s spending and tax priorities for the next fiscal year. The document is issued each year in the early spring by the President’s Office of Management and Budget.

The budget for this fiscal year, and for recent years, can be found here.

Speak Your Mind

*