Presidents 2025 Budget. The president's fiscal year (fy) 2025 budget calls for $3.3 trillion of net deficit reduction through 2034, with $6.5 trillion of gross revenue and savings and $3.2 trillion of new. Over the fy 2025 through 2034 budget window, spending under the president's budget would total $86.6 trillion (24.4 percent of gdp) and revenue would total $70.3 trillion (19.7 percent of gdp).
The president’s fiscal year (fy) 2025 budget calls for $3.3 trillion of net deficit reduction through 2034, with $6.5 trillion of gross revenue and savings and $3.2 trillion of new. In this report, the congressional budget office examines how those proposals, if enacted, would affect budgetary outcomes in relation to cbo’s most recent baseline budget projections.