What is a concurrent resolution on budget?

A concurrent resolution on budget is a legislative measure that is passed by both chambers of Congress, the House of Representatives and the Senate. This type of resolution is significant because it establishes budgetary guidelines, including revenue and expenditure targets, for the upcoming fiscal year. It serves as an important tool for Congress in formulating and communicating its budgetary priorities without the force of law, as it does not require the President's approval.

By using a concurrent resolution, Congress can set the parameters for federal spending and revenue collection that guide subsequent appropriations and other budgetary legislation. This allows legislators to outline their fiscal objectives and provide direction for the executive branch in crafting its budget proposals. The concurrent resolution reflects a consensus on budgetary goals among both houses, facilitating a coordinated approach to federal fiscal policy.