Federal Government Fiscal Year 2025 Calendar
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Federal Government Fiscal Year 2025 Calendar
Introduction
The federal government fiscal year (FY) is a 12-month period that begins on October 1 and ends on September 30 of the following year. This differs from the calendar year, which runs from January 1 to December 31. The fiscal year is used by the federal government to plan and budget its financial activities.
Calendar for FY 2025
The following is a calendar for FY 2025:
- October 1, 2024: FY 2025 begins
- December 31, 2024: End of the first quarter
- March 31, 2025: End of the second quarter
- June 30, 2025: End of the third quarter
- September 30, 2025: End of FY 2025
Key Dates for FY 2025
The following are some key dates to remember for FY 2025:
- October 1, 2024: The start of the new fiscal year.
- October 15, 2024: Deadline for federal agencies to submit their budget requests to the Office of Management and Budget (OMB).
- February 3, 2025: The President submits the proposed budget to Congress.
- April 15, 2025: Deadline for Congress to pass a budget resolution.
- September 30, 2025: The end of the fiscal year.
Importance of the Fiscal Year
The fiscal year is important because it allows the federal government to plan and budget its financial activities. The government uses the fiscal year to estimate its revenues and expenditures, and to develop a budget that meets its needs.
The fiscal year also helps to ensure that the government is operating in a transparent and accountable manner. By using a fiscal year, the government is able to track its financial activities and report on its progress to the public.
Conclusion
The federal government fiscal year is a 12-month period that begins on October 1 and ends on September 30 of the following year. The fiscal year is used by the government to plan and budget its financial activities. The fiscal year is also important because it helps to ensure that the government is operating in a transparent and accountable manner.
Additional Information
The following are some additional resources that you may find helpful:
- Office of Management and Budget (OMB)
- Congressional Budget Office (CBO)
- Government Accountability Office (GAO)
Closure
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