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   When does a federal budget start?

   • Every year, the U.S. Congress begins work on a federal budget for the next fiscal year. The federal government’s fiscal year runs from October 1 of one calendar year through September 30 of the next. The annual budget covers three spending areas:

   The federal budget process | USAGov

   www.usa.gov/federal-budget-process

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   When did the fiscal year start & end?

   • Prior to 1974, the government’s fiscal year started on July 1 and ended on June 30. The Congressional Budget and Impoundment Control Act made the change to allow Congress more time to agree upon a budget each year. Fiscal years are used in federal tax filings and budget documents and for reporting income and expenses.

   Why the beginning of fiscal year 2024 is in October, not January

   www.federaltimes.com/management/budget/2022/09/20/why-the-us-federal-fiscal-year-2023-starts-in-october/

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   When do federal taxes start & end?

   • In addition, individual income taxes are levied on a calendar year basis, and economic data are typically reported for calendar years. Federal fiscal years run from October 1 to September 30 and are designated by the calendar year in which they end: Fiscal year 2021 began on October 1, 2020, and ended on September 30, 2021.

   Common Budgetary Terms Explained | Congressional Budget Office

   www.cbo.gov/publication/57660

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   What happens after the end of the fiscal year?

   • Note 30—Subsequent Events discusses events that occurred after the end of the fiscal year that may affect the government’s financial position and condition. The budget deficit increased by $319.7 billion (23.2 percent) to $1.7 trillion and net operating cost decreased by $753.8 billion (18.1 percent) to $3.4 trillion.

   1 EXECUTIVE SUMMARY TO THE 2023 FINANCIAL REPORT OF THE U.S. …

   fiscal.treasury.gov/files/reports-statements/financial-report/2023/executive-summary-2023.pdf

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2. www.federaltimes.com › management › budgetWhy the beginning of fiscal year 2024 is in October, not January

   www.federaltimes.com › management › budget

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   Sep 20, 2022 · The federal government’s fiscal year runs from the first day of October of one calendar year through the last day of September of the next. For example, Fiscal Year 2021 (FY 2021)...

3. fiscal.treasury.gov › reports-statements › financialFinancial Report of the United States Government - Executive ...

   fiscal.treasury.gov › reports-statements › financial

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   This Financial Report addresses the government’s financial activity and results as of and for the fiscal years ended September 30, 2021 and 2020. Note 31—Subsequent Events discusses events that occurred after the end of the fiscal year that may affect the government’s financial position and condition.

4. fiscal.treasury.gov › reports-statements › financialFinancial Report of the United States Government - Management

   fiscal.treasury.gov › reports-statements › financial

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   This Financial Report presents the government’s financial position at the end of the fiscal year, explains how and why the financial position changed during the year, and discusses the government’s financial condition and how it may change in the future. Table may scroll on smaller screens.

5. www.usa.gov › federal-budget-processThe federal budget process | USAGov

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   Dec 6, 2023 · Every year, the U.S. Congress begins work on a federal budget for the next fiscal year. The federal government’s fiscal year runs from October 1 of one calendar year through September 30 of the next.

6. www.cbo.gov › publication › 57660Common Budgetary Terms Explained | Congressional Budget Office

   www.cbo.gov › publication › 57660

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   When regular appropriations are not in place by October 1, the start of the fiscal year, a continuing resolution can be enacted to provide temporary budget authority for a specified period, typically in amounts equal to appropriations for the previous year. The Congress can also supplement regular appropriations that have already been enacted.

7. fiscal.treasury.gov › files › reports-statements1 EXECUTIVE SUMMARY TO THE 2023 FINANCIAL REPORT OF THE U.S ...

   fiscal.treasury.gov › files › reports-statements

   The Financial Report addresses the government’s financial activity and results as of and for the fiscal years ended September 30, 2023, and 2022. Note 30—Subsequent Events discusses events that occurred after the end of the fiscal year that may affect the government’s financial position and condition. Results in Brief.

8. www.whitehouse.gov › wp-content › uploadsBudget of the u.s. government - The White House

   www.whitehouse.gov › wp-content › uploads

   1. THE BUDGET MESSAGE OF THE PRESIDENT. T. o The. C. ongress of The. U. niTed. s. TaTes: Where we choose to invest speaks to what we value as a Nation. This year’s Budget, the first of my ...