Title 31 › Subtitle SUBTITLE II— - THE BUDGET PROCESS › Chapter CHAPTER 11— - THE BUDGET AND FISCAL, BUDGET, AND PROGRAM INFORMATION › § 1109
By the first Monday after January 3 each year (by February 5 in 1986), the President must send both Houses of Congress estimates of next fiscal year spending (outlays) and the spending authority that would be needed if programs stayed at the same level with no policy changes. The estimates must be broken down by function and subfunction, by major programs, and by agency, and must say what economic and program assumptions were used (for example, inflation, real growth, unemployment, caseloads, and pay increases). The Joint Economic Committee must review those estimates and send an economic evaluation to the House and Senate Budget Committees by March 1 each year.
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Money and Finance — Source: USLM XML via OLRC
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31 U.S.C. § 1109
Title 31 — Money and Finance
Last Updated
Apr 6, 2026
Release point: 119-73