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The identification of a fiscal year is the calendar year in which it ends; the current fiscal year is often written as "FY25" or "FY2024-25", which began on 1 October and will end on 30 September. In 1843, the federal government changed the fiscal year from a calendar year to one starting on 1 July, [ 68 ] which lasted until 1976.
Making continuing appropriations for fiscal year 2024, and for other purposes. Pub. L. 118–15 (text), H.R. 5860, 137 Stat. 81, enacted September 30, 2023: 118-16 October 2, 2023 (No short title) To designate the clinic of the Department of Veterans Affairs in Gallup, New Mexico, as the Hiroshi "Hershey" Miyamura VA Clinic.
The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025. The act called for $895 billion in defense spending and $711 billion in non-defense discretionary spending for fiscal year 2025, representing a 1% increase over fiscal year 2024. [10]
The federal government uses a fiscal year from Oct. 1 to Sept. 30, so companies doing a lot of business with the government may adopt a similar fiscal calendar.
As of June 2020, the VA employed 412,892 people [5] at hundreds of Veterans Affairs medical facilities, clinics, benefits offices, and cemeteries. In fiscal year 2016 net program costs for the department were $273 billion, which includes the VBA Actuarial Cost of $106.5 billion for compensation benefits.
The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024.. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.
Aug. 3—The first month of fiscal year 2024 produced another budget surplus for West Virginia, albeit a smaller one. The Mountain State's general revenue collections for July, which was the first ...
On May 22, the House Armed Services Committee approved its version of the 2025 National Defense Authorization Act, by a 57–1 vote. [6] As passed by the Committee, the bill included the Pentagon's controversial "Legislative Proposal 480", transferring Air National Guard space units to the Space Force; however, the Committee accepted an amendment proposed by Joe Wilson (R‑SC), watering down ...