Fiscal Year 2025 Start Date Usa. Many countries, including the united states, canada, and mexico, start their fy on january 1st, coinciding with the gregorian calendar year. On monday, march 11, the biden administration released its fiscal year (fy) 2025 budget request (“budget”) and several accompanying documents, listed at the end of this alert.

Congress begins work on a federal budget for the next fiscal year. In cbo’s projections, the federal budget deficit in fiscal year 2025 is $1.9 trillion.