§1022d President’s Budget

Summary

The President’s budget must recommend levels of spending and revenue that match the short-term economic goals in section 1022(a)(2)(A). It must also give five-year projections of spending and revenue that match the medium-term goals in section 1022a(b). The main parts of the budget must be briefly explained in each Economic Report so people can see how the budget supports the report’s goals and policies. Both spending and revenue plans must promote the purposes of the Full Employment and Balanced Growth Act of 1978. The size and balance of the proposals must consider the economy’s needs and the priority areas in section 1022c.