When Does The 2025 Fiscal Year Begin In Usa. Treasury department reported that the federal government spent $257 billion more than it took. On monday, march 11, the biden administration released its fiscal year (fy) 2025 budget request (“budget”) and several accompanying documents, listed at the end of this alert.
The federal fiscal year gives elected congressmen, who begin office in january, time to participate in the budget process for the next fiscal year. The fiscal year, which starts in october, plays a key role in determining when.
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