A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2027 and setting forth the appropriate budgetary levels for fiscal years 2028 through 2036.

Key Points

• This resolution sets the federal government's spending and revenue targets for fiscal year 2027, with projected levels running through 2036. It is a budget blueprint, not a law, so it guides Congress but is not signed by the president.
• For 2027, the plan expects about $4.48 trillion in revenue and over $6 trillion in outlays, creating a $1.6 trillion deficit. Deficits stay above $1.3 trillion every year through 2036.
• Public debt is projected to climb from about $41 trillion in 2027 to nearly $59 trillion by 2036, with net interest costs rising to $1.79 trillion, more than the defense budget by then.
• The resolution instructs specific House and Senate committees to draft reconciliation recommendations by September 11, 2026, each allowed to increase the deficit by set amounts, such as up to $60 billion for Armed Services.
• The plan sets major funding levels for key programs, including $1.15 trillion for Medicare and $955 billion for National Defense in 2027, along with veterans benefits and Social Security administration.
• The resolution builds in about $124 billion in government-wide savings for 2027, growing to nearly $595 billion by 2036, though it does not specify how those savings will be achieved.

Impact Analysis

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