The United States Senate Committee on the Budget was established by the Congressional Budget and Impoundment Control Act of 1974.

It is responsible for drafting Congress's annual budget plan and monitoring action on the budget for the Federal Government.

The committee has jurisdiction over the Congressional Budget Office.

[1] The current Chair is South Carolina Senator Lindsey Graham, and the Ranking Member is Oregon Senator Jeff Merkley.

While the budget resolution prepared by the Budget Committee sets out a broad blueprint for the Congress with respect to the total levels of revenues and spending for the government as a whole, these other Committees prepare bills for specific tax and spending policies.