2017 United States federal budget - wikipedia 2017 United States federal budget 2017 ( 2017 ) Budget of the United States federal government Submitted February 9, 2016 Submitted by Barack Obama Submitted to 114th Congress Total expenditures $4.147 trillion ( requested ) 21.5 % of GDP Deficit $503 billion ( requested ) 2.6 % of GDP Debt $19.95 trillion ( requested ) GDP $19.3 trillion ( preliminary actual ) Website Office of Management and Budget `` 2016 2018 '' The 2017 United States federal budget is the United States federal budget for fiscal year 2017, which lasts from October 1, 2016 to September 30, 2017. President Barack Obama submitted a budget proposal to the 114th Congress on February 9, 2016. The 2017 fiscal year overlaps the end of the Obama administration and the beginning of the Trump administration. Contents 1 Background 2 Budget proposals 3 Related legislation 3.1 114th Congress 3.2 115th Congress 4 References 5 External links Background The federal budget outlines the government 's plans for spending and revenue. In the United States, the federal budget request is first introduced by the president. The federal budget and all appropriations must then be written and approved by the United States Congress. In Congress the process begins with the House Budget Committee and the Senate Budget Committee creating their own budget. After both houses pass a budget resolution, representatives and senators come up with a conference report negotiating between both the House and Senate versions. Budget resolutions do not go to the president for a signature or veto. This budget does not directly enact the actual spending of the federal government, but it sets the amounts that each congressional committee is allowed to spend on the programs, agencies and departments for which it is responsible. Actual spending is driven by the final appropriations bills. The Budget Control Act of 2011 ( BCA ) had established spending caps on defense and non-defense spending, which were first applied in FY2013. Just before midnight on October 26, 2015, Republican and Democratic leaders reached an agreement, the Bipartisan Budget Act of 2015, to increase the budget caps imposed by the BCA for fiscal years by $50 billion in FY2016 and $30 billion in FY2017, and temporarily suspend the debt limit until March 15, 2017. The increased spending was to be offset by changes in Medicare, Social Security disability insurance, selling off oil from the strategic petroleum reserves, and other changes. Budget proposals The Obama administration 's proposed budget for 2017 proposed spending $4.2 trillion and raising $3.6 trillion in tax revenue. The administration 's stated priorities are creating jobs, building 21st century transportation, investing in medical research, addressing climate change, and increased funding for national security. Congress did not pass a regular budget resolution for the 2017 fiscal year during the 114th Congress, but did so early in the 115th Congress, over three months after the fiscal year had actually begun. Related legislation 114th Congress On September 28, 2016, Congress passed a continuing resolution which extended funding at previous years levels up to December 9, 2016. The continuing resolution avoided a government shutdown and directed funding specifically for protection against the Zika virus and flood relief in Louisiana. The resolution did not include funding some members of Congress requested for the lead crisis in Flint, Michigan. The continuing resolution was named as the Continuing Appropriations and Military Construction, Veterans Affairs, and Related Agencies Appropriation Act, 2017, and Zika Response and Preparedness Act. In November 2016, shortly after the 2016 presidential election, the incoming Trump administration advocated for a second continuing resolution funding the government only until the end of March, to allow the incoming administration influence over the 2017 budget. The House Republican leadership acceded to this plan, although some lawmakers expressed concern that delaying the final appropriations legislation would distract Congress from other priorities during the beginning of Trump 's administration. The final bill, the Further Continuing and Security Assistance Appropriations Act, 2017, extended funding through April 28, 2017. It was passed by the House and Senate on December 8 and 9, 2016, respectively. The passage of the bill in the Senate was delayed after Democrats objected to the fact that an extension of health benefits for retired miners would not last until the end of the year, but a compromise was made to take up the matter in January. 115th Congress On January 12, 2017, the Senate voted 51 to 48 to pass a FY2017 budget resolution, S. Con. Res. 3, that contained language allowing the repeal of the Affordable Care Act through the budget reconciliation process, which disallows a filibuster in the Senate. The resulting bill, the American Health Care Act of 2017 was initially publicly released by House Republicans on March 6, 2017. The bill was initially withdrawn on March 24 after it failed to gain sufficient House Republican support to pass it, but continuing attempts at compromise led to a new attempt to pass it in early May. The Trump administration released its preliminary 2018 federal budget request on March 16, 2017. The budget also proposed changes to the BCA spending caps for FY2017, with defense spending increasing by $25 billion ( from $551 to $576 billion ), and non-defense spending decreasing by $15 billion ( from $519 billion to $504 billion ). On April 28, 2017, Congress passed a one - week continuing resolution that extended funding through May 5, 2017. On May 1, a bipartisan agreement was announced on the Consolidated Appropriations Act, 2017, which included all of the remaining appropriations bills. Near the end of the fiscal year, on September 8, additional disaster funding due to Hurricane Harvey was enacted as part of the Continuing Appropriations Act, 2018 and Supplemental Appropriations for Disaster Relief Requirements Act, 2017. References Jump up ^ `` THE BUDGET MESSAGE OF THE PRESIDENT '' ( PDF ). Government Publishing Office. Retrieved November 1, 2016. ^ Jump up to : `` Fiscal Year of 2017 Budget '' ( PDF ). United States Office of Management and Budget. p. 123. Retrieved November 1, 2016. ^ Jump up to : `` Fiscal Year of 2017 Budget '' ( PDF ). United States Office of Management and Budget. p. 132. Retrieved November 1, 2016. Jump up ^ U.S. Department of the Treasury ^ Jump up to : `` Introduction to the Federal Budget Process ''. Center on Budget and Policy Priorities. Retrieved November 4, 2016. Jump up ^ Bianco, William T. ; Canon, David T ( 2013 ). American Politics Today. 3rd ed. W.W. Norton & Company. Jump up ^ Desjardins, Lisa ( December 10, 2013 ). `` The budget deal in plain English ''. CNN. Retrieved December 11, 2013. Jump up ^ `` Senate Passes Budget Bill and Sends it to Obama ''. New York Times. Retrieved November 4, 2016. Jump up ^ `` Bipartisan Budget Act of 2015 : Section - by - Section Summary '' ( PDF ). Jump up ^ `` The President 's 2017 Budget Proposal in Pictures ''. National Priorities Project. Retrieved November 5, 2016. Jump up ^ `` The President 's Budget for Fiscal Year 2017 ''. Office of Management and Budget. Retrieved November 5, 2016. Jump up ^ `` Appropriations Watch : FY 2017 ''. Committee for a Responsible Federal Budget. Retrieved November 5, 2016. ^ Jump up to : Snell, Kelsey ; DeBonis, Mike ( 2017 - 01 - 12 ). `` Obamacare is one step closer to repeal after Senate advances budget resolution ''. Washington Post. Retrieved 2017 - 01 - 12. Jump up ^ `` Congress Approves Spending Bill, Avoiding Government Shutdown ''. New York Times. Retrieved November 5, 2016. Jump up ^ `` Congress acts to avert government shutdown after striking deal on Flint aid ''. Washington Post. Retrieved 2016 - 11 - 07. Jump up ^ `` H.R. 5325 - Continuing Appropriations and Military Construction, Veterans Affairs, and Related Agencies Appropriations Act, 2017, and Zika Response and Preparedness Act ''. United States Congress. Retrieved 2016 - 11 - 07. Jump up ^ Snell, Kelsey ; DeBonis, Mike ( 2016 - 11 - 17 ). `` Trump administration calls for short - term spending bill despite Senate concerns ''. Washington Post. Retrieved 2016 - 11 - 17. Jump up ^ Kaplan, Thomas ; Steinhauer, Jennifer ( 2016 - 12 - 09 ). `` Senators Appear to Reach Deal to Avert Shutdown ''. The New York Times. ISSN 0362 - 4331. Retrieved 2016 - 12 - 10. Jump up ^ `` S. Con. Res. 3 - A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2017 and setting forth the appropriate budgetary levels for fiscal years 2018 through 2026 ''. United States Congress. 2017 - 01 - 03. Retrieved 2017 - 01 - 12. Jump up ^ C. Stephen Redhead and Janet Kinzer ( January 9, 2017 ), Legislative Actions to Repeal, Defund, or Delay the Affordable Care Act ( PDF ) ( R43289 ), Congressional Research Service, p. 23, retrieved January 13, 2017 CS1 maint : Uses authors parameter ( link ) Jump up ^ Golstein, Amy ; DeBonis, Mike ; Snell, Kelsey. `` House Republicans release long - awaited plan to repeal and replace Obamacare ''. Washington Post. Retrieved March 7, 2017. Jump up ^ Fram, Alan ; Alonso - Zaldivar, Ricardo. `` House Republicans, Short of Votes, Withdraw Health Care Bill ''. NBC Chicago. Jump up ^ Jacobs, Ben ; Smith, David ( 2017 - 03 - 24 ). `` Republican repeal of Obamacare fails as healthcare bill pulled from House vote ''. The Guardian. ISSN 0261 - 3077. Retrieved 2017 - 03 - 24. Jump up ^ Kaplan, Thomas ; Pear, Robert ( 2017 - 05 - 03 ). `` With $8 Billion Deal on Health Bill, House G.O.P. Leader Says ' We Have Enough Votes ' ''. The New York Times. ISSN 0362 - 4331. Retrieved 2017 - 05 - 04. Jump up ^ Mulvaney, Mick ( March 16, 2017 ). `` America First : A Budget Blueprint to Make America Great Again '' ( PDF ). Office of Management and Budget. Retrieved March 16, 2017. Jump up ^ `` H.J. Res. 99 - Making further continuing appropriations for fiscal year 2017, and for other purposes ''. United States Congress. Retrieved 2017 - 04 - 29. Jump up ^ Kaplan, Thomas ( 2017 - 04 - 28 ). `` Congress Prevents Government Shutdown From Occurring on Trump 's 100th Day ''. The New York Times. ISSN 0362 - 4331. Retrieved 2017 - 04 - 28. Jump up ^ Kaplan, Thomas ; Flegenheimer, Matt ( 2017 - 04 - 30 ). `` Bipartisan Agreement Reached to Fund Government Through September ''. The New York Times. ISSN 0362 - 4331. Retrieved 2017 - 05 - 02. Jump up ^ Snell, Kelsey ; O'Keefe, Ed ( 2017 - 05 - 01 ). `` What 's in the spending agreement ? We read it so you do n't have to ''. Washington Post. Retrieved 2017 - 05 - 02. Jump up ^ House, Billy ; Wasson, Erik ; Litvan, Laura ( 2017 - 05 - 01 ). `` Trump Says He 'll Sign Congress Spending Deal That Jettisons His Goals ''. Bloomberg.com. Retrieved 2017 - 05 - 02. Jump up ^ Snell, Kelsey ( 2017 - 09 - 07 ). `` Senate approves bill doubling hurricane aid package, extending federal borrowing limit ''. Washington Post. Retrieved 2017 - 09 - 10. Jump up ^ DeBonis, Mike ; Snell, Kelsey. `` Trump signs $15 billion Harvey aid package after Republicans booed top White House officials ''. Washington Post. Retrieved 2017 - 09 - 10. External links Status of Appropriations Legislation for Fiscal Year 2017 United States federal budget 1990s 2000s 2010s 2011 2012 2013 2014 2015 2016 2017 2018 Retrieved from `` https://en.wikipedia.org/w/index.php?title=2017_United_States_federal_budget&oldid=806261377 '' Categories : United States federal budgets 114th United States Congress 115th United States Congress 2017 budgets 2017 in American politics Hidden categories : CS1 maint : Uses authors parameter Talk Contents About Wikipedia Add links This page was last edited on 20 October 2017, at 20 : 23. About Wikipedia

Question: when does a president's fiscal year start
Answer: October 1