How Does the Government Create a Budget?

The President and Congress both play major roles in developing the federal budget.

The law requires that by the first Monday in February, the President submit to Congress his proposed federal budget for the next fiscal year, which begins October 1.

The White House's Office of Management and Budget (OMB) prepares the budget proposal after receiving direction from the President and consulting with his senior advisors and officials from Cabinet departments and other agencies.

The President's budget is thousands of pages long and provides an abundance of details.