The President’s budget request reflects the administration’s recommendations for overall spending and revenue for the upcoming fiscal year as well as the subsequent four fiscal years. It also includes a projected deficit or surplus for each year. The budget request is developed by the Office of Management and Budget in coordination with federal agencies. By the first Monday each February, the President must submit the budget request for the upcoming fiscal years to Congress.
The budget request includes detailed information on how much funding should be spent on various individual government programs. It thus serves as an outline of the President’s policy priorities for the upcoming year. Following submission of the President’s budget request, administration officials testify on the proposals presented in the budget before various Congressional committees.