HCONRES 14
Establishing 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.
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Bill overview
This concurrent resolution establishes the congressional budget for the United States government for fiscal year 2025 and sets budgetary levels for the subsequent years through 2034. It outlines recommended levels for federal revenues, new budget authority, budget outlays, deficits, and the debt limit. The resolution also includes reconciliation instructions, directing committees to propose legislation to reduce the deficit and increase the debt limit, along with a reserve fund to accommodate adjustments. Finally, it establishes policy statements regarding economic growth, mandatory spending reduction, and government deregulation.
Key provisions
- Sets recommended levels for federal revenues, new budget authority, budget outlays, deficits, and the debt limit for fiscal years 2025-2034.
- Includes reconciliation instructions for House committees to reduce the deficit and increase the debt limit.
- Establishes a reserve fund to accommodate adjustments to budgetary levels during the reconciliation process.
- Contains policy statements on economic growth, mandatory spending reduction, and government deregulation.
- Specifies adjustments to committee allocations and budgetary levels to align with reconciliation goals.
- Outlines a process for adjusting allocations to accommodate changes in the baseline.
- Provides instructions for the Committee on the Budget to adjust allocations for changes in budgetary concepts and definitions.
- Establishes a framework for applying budgetary levels to bills and joint resolutions.
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119th CONGRESS — 1st Session
H. CON. RES. 14
IN THE HOUSE OF REPRESENTATIVES
CONCURRENT RESOLUTION
Establishing 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.
The table of contents for this concurrent resolution is as follows:
The following budgetary levels are appropriate for each of fiscal years 2025 through 2034:
For purposes of the enforcement of this concurrent resolution:
The recommended levels of Federal revenues are as follows:
- Fiscal year 2025: $3,408,969,000,000.
- Fiscal year 2026: $3,766,668,000,000.
- Fiscal year 2027: $4,066,393,000,000.
- Fiscal year 2028: $4,186,847,000,000.
- Fiscal year 2029: $4,309,831,000,000.
- Fiscal year 2030: $4,508,641,000,000.
- Fiscal year 2031: $4,730,270,000,000.
- Fiscal year 2032: $4,938,712,000,000.
- Fiscal year 2033: $5,172,643,000,000.
- Fiscal year 2034: $5,410,030,000,000.
The amounts by which the aggregate levels of Federal revenues should be changed are as follows:
- Fiscal year 2025: -$450,000,000,000.
- Fiscal year 2026: -$450,000,000,000.
- Fiscal year 2027: -$450,000,000,000.
- Fiscal year 2028: -$450,000,000,000.
- Fiscal year 2029: -$450,000,000,000.
- Fiscal year 2030: -$450,000,000,000.
- Fiscal year 2031: -$450,000,000,000.
- Fiscal year 2032: -$450,000,000,000.
- Fiscal year 2033: -$450,000,000,000.
- Fiscal year 2034: -$450,000,000,000.
For purposes of the enforcement of this concurrent resolution, the appropriate levels of total new budget authority are as follows:
- Fiscal year 2025: $5,515,610,000,000.
- Fiscal year 2026: $5,605,352,000,000.
- Fiscal year 2027: $5,744,975,000,000.
- Fiscal year 2028: $5,999,399,000,000.
- Fiscal year 2029: $6,173,475,000,000.
- Fiscal year 2030: $6,494,898,000,000.
- Fiscal year 2031: $6,748,868,000,000.
- Fiscal year 2032: $7,048,096,000,000.
- Fiscal year 2033: $7,438,116,000,000 .
- Fiscal year 2034: $7,610,582,000,000.
For purposes of the enforcement of this concurrent resolution, the appropriate levels of total budget outlays are as follows:
- Fiscal year 2025: $5,490,790,000,000.
- Fiscal year 2026: $5,623,085,000,000.
- Fiscal year 2027: $5,821,621,000,000.
- Fiscal year 2028: $6,088,332,000,000.
- Fiscal year 2029: $6,164,293,000,000.
- Fiscal year 2030: $6,484,545,000,000.
- Fiscal year 2031: $6,720,491,000,000.
- Fiscal year 2032: $6,983,637,000,000.
- Fiscal year 2033: $7,401,699,000,000.
- Fiscal year 2034: $7,529,256,000,000.
For purposes of the enforcement of this concurrent resolution, the amounts of the deficits are as follows:
- Fiscal year 2025: $2,081,821,000,000.
- Fiscal year 2026: $1,856,417,000,000.
- Fiscal year 2027: $1,755,228,000,000.
- Fiscal year 2028: $1,901,485,000,000.
- Fiscal year 2029: $1,854,462,000,000.
- Fiscal year 2030: $1,975,904,000,000.
- Fiscal year 2031: $1,990,221,000,000.
- Fiscal year 2032: $2,044,925,000,000.
- Fiscal year 2033: $2,229,056,000,000.
- Fiscal year 2034: $2,119,226,000,000.
- Fiscal year 2025: $37,660,656,000,000.
- Fiscal year 2026: $39,839,449,000,000.
- Fiscal year 2027: $41,752,932,000,000.
- Fiscal year 2028: $43,721,320,000,000.
- Fiscal year 2029: $45,725,094,000,000.
- Fiscal year 2030: $47,646,893,000,000.
- Fiscal year 2031: $49,490,401,000,000.
- Fiscal year 2032: $51,311,359,000,000.
- Fiscal year 2033: $53,342,100,000,000.
- Fiscal year 2034: $55,566,372,000,000.
The appropriate levels of debt held by the public are as follows:
- Fiscal year 2025: $30,430,405,000,000.
- Fiscal year 2026: $32,469,082,000,000.
- Fiscal year 2027: $34,395,037,000,000.
- Fiscal year 2028: $36,452,960,000,000.
- Fiscal year 2029: $38,403,594,000,000.
- Fiscal year 2030: $40,444,544,000,000.
- Fiscal year 2031: $42,449,786,000,000.
- Fiscal year 2032: $44,476,114,000,000.
- Fiscal year 2033: $46,612,129,000,000.
- Fiscal year 2034: $48,599,876,000,000.
Congress determines and declares that the appropriate levels of new budget authority and outlays for fiscal years 2025 through 2034 for each major functional category are:
National Defense (050):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
International Affairs (150):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
General Science, Space, and Technology (250):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Energy (270):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Natural Resources and Environment (300):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Agriculture (350):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Commerce and Housing Credit (370):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Transportation (400):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Community and Regional Development (450):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Education, Training, Employment, and Social Services (500):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Health (550):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Medicare (570):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Income Security (600):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Social Security (650):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Veterans Benefits and Services (700):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Administration of Justice (750):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
General Government (800):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Net Interest (900):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Allowances (920):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Undistributed Offsetting Receipts (950):
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
Fiscal year 2025:
Fiscal year 2026:
Fiscal year 2027:
Fiscal year 2028:
Fiscal year 2029:
Fiscal year 2030:
Fiscal year 2031:
Fiscal year 2032:
Fiscal year 2033:
Fiscal year 2034:
In the House of Representatives, the chair of the Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for any bill or joint resolution considered pursuant to section 2001 containing the recommendations of one or more committees, or for one or more amendments to, a conference report on, or an amendment between the Houses in relation to such a bill or joint resolution, by the amounts necessary to accommodate the budgetary effects of the legislation, if the budgetary effects of the legislation comply with the reconciliation instructions under this concurrent resolution.
For purposes of this section, compliance with the reconciliation instructions under this concurrent resolution shall be determined by the chair of the Committee on the Budget of the House of Representatives.
If one or more committees of the House of Representatives submit reconciliation recommendations pursuant to paragraphs (1), (3), (4), (5), (8), (9), or (10) of section 2001(b) and such recommendations do not, in total, achieve at least $2,000,000,000,000 in net deficit reduction over the period of fiscal years 2025 through 2034, the chair of the Committee on the Budget of the House shall reduce—
the $4,500,000,000 reconciliation instruction for the Committee on Ways and Means under section 2001(b)(11);
the aggregates of budget authority, outlays, and revenues; and
any other appropriate level in this concurrent resolution,
by an amount equal to the difference between $2,000,000,000,000 and the total dollar amount of such recommendations.
$4,500,000,000,000in such section and shall be deemed the reconciliation instructions for such Committee under such section. Any recommendations on changes in law within the jurisdiction of the Committee shall be consistent with the goals of this concurrent resolution, including with respect to spending reduction, tax policy changes, reforms, or other measures deemed appropriate by the chair of the Committee on the Budget of the House.
Any reconciliation recommendations receiving an allocation adjustment under this section shall not be considered in violation of the budgetary levels established by this concurrent resolution.
The House finds the following:
The free market, where individuals pursue their own self-interests, has been responsible for greater advancements in quality of life and generation of wealth than any other form of economic system. Federal policies designed to grow the economy should thus allow market forces to operate unhindered rather than pick winners
and losers
.
It is the policy of this concurrent resolution to pursue policies that embrace the free market and promote economic growth policies that—
reduce Federal spending;
expand American energy production;
lower taxes that discourage work, savings, and investment;
deregulate the economy and enact reforms to diminish bureaucratic red tape; and
The House finds the following:
Since 2019, mandatory spending has increased by 59 percent.
This debt poses a significant risk to the country's long-term fiscal sustainability, with implications for future generations.
Mandatory spending currently accounts for over 70 percent of the entire Federal budget.
The deficit for fiscal year 2025 is projected to be $1.9 trillion, or 6.2 percent of GDP.
This fiscal year, net interest will total $952 billion, or 3.2 percent of GDP.
that Congress is ready to promote initiatives that will reduce government bureaucracy, enhance Federalism, and increase economic prosperity through deregulation;
to not only reduce burdensome, costly regulations, but to also reassert the role of Congress; and
to enact legislation through reconciliation that strengthens Congress, scales back Federal regulations, limits future bureaucratic red tape, and unleashes economic growth, such as the Regulations from the Executive in Need of Scrutiny (REINS) Act.
In the House of Representatives, if a concurrent resolution on the budget for fiscal year 2025 is adopted without the appointment of a committee of conference on the disagreeing votes of the two Houses with respect to this concurrent resolution on the budget, for the purpose of enforcing the Congressional Budget Act of 1974 (2 U.S.C. 621 et seq.) and applicable rules and requirements set forth in the concurrent resolution on the budget, the allocations provided for in this section shall apply in the House of Representatives in the same manner as if such allocations were in a joint explanatory statement accompanying a conference report on the budget for fiscal year 2025. The chair of the Committee on the Budget of the House of Representatives shall submit a statement for publication in the Congressional Record containing—
In the House of Representatives, the chair of the Committee on the Budget may adjust the appropriate aggregates, allocations, and other budgetary levels in this concurrent resolution for any change in budgetary concepts and definitions consistent with section 251(b)(1) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 901(b)(1)).
In the House of Representatives, the chair of the Committee on the Budget may adjust the allocations, aggregates, and other appropriate budgetary levels in this concurrent resolution to reflect changes resulting from the Congressional Budget Office’s updates to its baseline for fiscal years 2025 through 2034.
Congress adopts the provisions of this title—