Biden Fy 2025 Budget. The biden administration just released its fiscal year (fy) 2025 budget proposal, outlining some of the president's tax and spending priorities for the next decade. The budget proposes $3.3 trillion of net deficit reduction through 2034, including $3.2 trillion of new spending and tax breaks that is more than offset by $5.2 trillion of revenue increases, over $900 billion of spending.
On monday, march 11, president joe biden unveiled his fiscal year (fy) 2025 budget request, the fourth of his presidency. Finance minister nirmala sitharaman is expected to present the union budget 2025 on saturday, february 1, at 11 am, though official confirmation is pending.