An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034.

This concurrent resolution establishes the federal budget for fiscal year 2025 and sets budgetary levels for fiscal years 2026 through 2034, including targets for revenues, spending, and public debt. It provides reconciliation instructions directing specific House and Senate committees to develop legislation that adjusts the deficit by specified amounts by March 7, 2025. Additionally, the resolution creates reserve funds to accommodate certain legislative changes and sets forth budget enforcement procedures for Social Security and Postal Service administrative expenses.

This resolution primarily affects the U.S. Congress, specifically the House and Senate committees directed to develop reconciliation legislation by March 7, 2025. It also impacts the Social Security Administration and the U.S. Postal Service through the establishment of specific budgetary levels and enforcement procedures for their discretionary administrative expenses. Additionally, the federal government as a whole is affected by the setting of overall revenue, spending, and debt levels for fiscal years 2025 through 2034.

• Establishment of Federal Budgetary Levels. The resolution sets the congressional budget for fiscal year 2025 and establishes recommended levels for federal revenues, budget authority, outlays, deficits, and public debt through fiscal year 2034.
• Reconciliation Instructions for Deficit Adjustment. The measure directs specific House and Senate committees to develop and submit legislation by March 7, 2025, that increases or decreases the deficit by designated amounts over a ten-year period.
• Budget Enforcement and Reserve Funds. The resolution creates reserve funds to accommodate specific legislation and establishes enforcement procedures, including adjustments to committee allocations and exemptions from certain budget points of order for reconciliation bills.

The resolution establishes the congressional budget for fiscal year 2025 and sets budgetary levels and reconciliation instructions for the period covering fiscal years 2025 through 2034. Committees directed to report reconciliation legislation must submit their proposals to the applicable budget committee by March 7, 2025.

This resolution utilizes the existing reconciliation process, which provides expedited legislative procedures to prevent filibusters and restrict amendments in the Senate. It also establishes budget enforcement procedures for the discretionary administrative expenses of the Social Security Administration and the U.S. Postal Service.

This concurrent resolution establishes the federal budget for fiscal year 2025 and sets budgetary levels for fiscal years 2026 through 2034. It provides reconciliation instructions and enforcement procedures to direct committees to develop legislation that modifies the deficit by specified amounts within the ten-year budget window.