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1 1 (April 8, 1999)

handle is hein.crs/crsuntaacgh0001 and id is 1 raw text is: Order Code RS20152 April 8, 1999 The Executive Budget Process Timetable Bill Heniff Jr. Consultant in American National Government Government and Finance Division The executive budget process is a complex set of activities that includes formulation of the President's budget, interaction with Congress, and execution of the budget. While some of the activities are required by specific dates, many follow a more flexible schedule established by formal and informal rules and procedures. Table 1 provides a timetable of the major steps in the year and a half process. The initial development of the President's budget begins in the individual federal agencies approximately 10 months before the President submits it to Congress (17 or 18 months before the start of the fiscal year). Table 1. The Executive Budget Process Timetable Calendar Year Prior to the Year in Which Fiscal Year Begins Date Activities April-June Agencies begin development of budget requests. The President, with the assistance of OMB, reviews and makes policy decisions for the budget beginning October 1 of the following year. July-August OMB issues policy directions to agencies, providing guidance for agencies' formal budget requests. Early fall Agencies submit initial budget requests to OMB. November-December OMB and the President review and make decisions on agencies' requests, referred to as OMB passback. Agencies may appeal these decisions to the OMB director, and in some cases directly to the President. Calendar Year in Which Fiscal Year Begins Date Activities By first Monday in February President submits budget to Congress. February-September Congressional phase. Agencies interact with Congress, justifying and explaining President's budget. By July 15 President submits mid-session review to Congress. October 1 Fiscal year begins. 15 days after end of Final sequestration report published by OMB. If required, legislative session sequestration order issued by President. October-September (the OMB apportions funds to agencies. Agencies incur obligations and fiscal year) make outlays. Congressional Research Service + The Library of Congress CRS Report for Congress Received through the CRS Web

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