The following are some of the proposals that will be included:
The Pentagon will ask for more than $7 billion for the fight against Islamic State, up about 35 percent from the previous year's budget request to Congress, and wants a fourfold increase for military training and exercises in Europe to support NATO allies.
TAX ON OIL
In a long-shot bid to raise $20 billion to expand transit systems and research self-driving cars, Obama will propose a $10-a-barrel tax on crude oil.
CYBERSECURITY AND IT UPGRADES
The budget will propose boosting spending on cybersecurity by 35 percent to $19 billion and creating a $3.1 billion fund to modernize the government's creaky information technology systems.
RENEWABLE ENERGY FUNDING
Obama will seek a 20 percent boost for renewable energy research funding to a total of $7.7 billion.
TAX CREDIT FOR BUSINESSES WORKING WITH COLLEGES
Obama will propose a $2.5 billion tax credit over five years for businesses that invest in community college programs and 05:00:then hire their graduates.
ZIKA VIRUS RESPONSE
The White House will ask for $1.8 billion in emergency funding to prepare for the Zika virus, work on tests and vaccines, and assist Puerto Rico and countries grappling with the outbreak.
Obama will seek an 11 percent hike in funding for the Securities and Exchange Commission to $1.8 billion and 32 percent increase for the Commodity Futures Trading Commission to $330 million.
PAY RAISE FOR FEDERAL WORKERS
The budget will propose a 1.6 percent pay increase for military and civilian federal personnel.
See President Obama throughout his two terms:
Barack Obama - general through the years
What will be in Obama's final budget proposal?
President Barack Obama, accompanied by Vice President Joe Biden, speaks in the Rose Garden of the White House, Thursday, June 25, 2015, in Washington, after the Supreme Court upheld the subsidies for customers in states that do not operate their own exchanges under President Barack Obama's Affordable Care Act. (AP Photo/Pablo Martinez Monsivais)
President Barack Obama waves as he finished speaking at the Annual Meeting of the U.S. Conference of Mayors in San Francisco, Friday, June 19, 2015. (AP Photo/Carolyn Kaster)
President Barack Obama arrives at San Francisco International Airport on Friday, June 19, 2015, in San Francisco. Obama is scheduled to attend the Annual Meeting of the U.S. Conference of Mayors and two fundraising events on Friday. (AP Photo/Noah Berger)
President Barack Obama pauses as he sits on stage as Attorney General Loretta Lynch speaks during her investiture ceremony, Wednesday, June 17, 2015, at the Warner Theatre in Washington. (AP Photo/Carolyn Kaster)
President Barack Obama smiles as he makes a visit to the Congressional baseball game at Nationals Park, on Thursday, June 11, 2015, in Washington (AP Photo/Evan Vucci)
US President Barack Obama stands left as German Chancellor Angela Merkel speaks in Kruen, near Garmisch-Partenkirchen, southern Germany, Sunday, June 7, 2015, before attending the G-7 summit in Schloss Elmau hotel. (AP Photo/Carolyn Kaster)
President Barack Obama waves to members of the media as he walks to Marine One on the South Lawn of the White House in Washington, Saturday, June 6, 2015, to head to Andrews Air Force Base, Md., on his way to Germany to attend the G-7 summit. (AP Photo/Andrew Harnik)
President Barack Obama smiles during an event with Young Southeast Asian Leaders Initiative fellows, Monday, June 1, 2015, in the East Room of the White House in Washington. (AP Photo/Evan Vucci)
President Barack Obama waves as he boards Air Force One before his departure from Westchester County Airport in White Plains, New York, Wednesday, May 20, 2015. Obama had traveled to New York to attend a private democratic fundraiser and was returning to Washington. (AP Photo/Pablo Martinez Monsivais)
President Barack Obama listens during his meeting with Tunisian President Beji Caid Essebsi in the Oval Office of the White House in Washington, Thursday, May 21, 2015. (AP Photo/Pablo Martinez Monsivais)
President Barack Obama and Ensign Taylor Teryle Tennyson strike a pose after he received his diploma and commission at the U.S. Coast Guard Academy graduation, Wednesday, May 20, 2015, in New London, Conn. (AP Photo/Pablo Martinez Monsivais)
WASHINGTON, DC - APRIL 08: U.S. President Barack Obama walks across the South Lawn before departing the White House on Marine One April 8, 2015 in Washington, DC. Obama is traveling to Jamaica and will then attend the Summit of the Americas meetings in Panama. (Photo by Chip Somodevilla/Getty Images)
President Barack Obama looks down at his notes during a bilateral meeting with Jamaican Prime Minister Portia Simpson-Miller at the Jamaica House, Thursday, April 9, 2015, in Kingston, Jamaica. (AP Photo/Pablo Martinez Monsivais)
US President Barack Obama makes his way to board Air Force One under a rainbow upon departure from Kingston, Jamaica on April 9, 2015. Obama is heading to Panama to attend the Summit of the Americas. (Photo by Mandel Ngan, AFP/Getty Images)
WASHINGTON, DC - APRIL 02: U.S. President Barack Obama walks from the Oval Office to the Rose Garden to deliver remarks on negotiations with Iran over their nuclear program on April 2, 2015 in Washington, DC. In exchange for Iran's agreement to curb their country's nuclear proliferation, the United States would lift some of the crippling sanctions imposed. (Photo by Win McNamee/Getty Images)
BOSTON - MARCH 30: President Barack Obama speaks during a formal ceremony to dedicate the Edward M. Kennedy Institute for the United States Senate in Boston on March 30, 2015. (Photo by Jessica Rinaldi/The Boston Globe via Getty Images)
WASHINGTON, USA - MARCH 23: President Barack Obama speaks to gathered business leaders at the SelectUSA Summit at the Gaylord National Hotel at the National Harbor in Washington, USA on March 23, 2015. (Photo by Samuel Corum/Anadolu Agency/Getty Images)
COLLEGE PARK, MD - MARCH 21: (AFP OUT) President Barack Obama (C) sits with his brother-in-law Craig Robinson (R), his nephew Avery Robinson (2-L) and daughter Malia (L) while attending the Green Bay versus Princeton women's college basketball game in the first round of the NCAA tournament, March 21, 2015 in College Park, Maryland. President Barack Obama's niece Leslie Robinson plays for Princeton. (Photo by MIchael Reynolds-Pool/Getty Images)
US President Barack Obama speaks during the second-annual White House Student Film Festival in the East Room of the White House in Washington, DC, March 20, 2015. The event features the winning short films created by students highlighting the idea of service and helping the community. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
WASHINGTON, DC - MARCH 19: U.S. President Barack Obama signs an Executive Order, titled 'Planning for Sustainability in the Next Decade' in the Oval Office of the White House on March 19, 2015 in Washington, D.C. The order will cut the Federal Government's greenhouse gas (GHG) emissions by 40 percent from 2008 levels over the next decade. (Photo by Ron Sachs-Pool/Getty Images)
President Barack Obama speaks at Boise State University on Tuesday, Jan. 21, 2015, in Boise, Idaho. (AP Photo/Otto Kitsinger)
President Barack Obama greets people in the tarmac as hr arrives on Air Force One at Gowen Field Air National Guard Base?, Wednesday, Jan. 21, 2015, in Boise , Idaho, en route to Boise State University where he will discuss the themes in his State of the Union address. (AP Photo/Carolyn Kaster)
President Barack Obama speaks at Boise State University, Wednesday, Jan. 21, 2015, in Boise, Idaho, about the themes in his State of the Union address. (AP Photo/Carolyn Kaster)
President Barack Obama visits with 3-5 year-olds at the Community Children's Center in Lawrence, Kansas, Thursday, Jan. 22, 2015, before speaking about the themes in his State of the Union address. Akira Cooper is at right. (AP Photo/Carolyn Kaster)
President Barack Obama greets visitors who gathered to watch the departure of Air Force One, Thursday, Jan. 22, 2015, at Forbes Field in Topeka, Kansas, en route to Washington. (AP Photo/Orlin Wagner)
President Barack Obama greets people after speaking at the University of Kansas Thursday, Jan. 22, 2015, in Lawrence, Kansas. Obama was speaking about the themes in his State of the Union address. (AP Photo/Charlie Riedel)
President Barack Obama speaks during a visit to the University of Kansas Thursday, Jan. 22, 2015, in Lawrence, Kansas. Obama was speaking about the themes in his State of the Union address. (AP Photo/Charlie Riedel)
US President Barack Obama signs an executive order promoting private sector cybersecurity information sharing after speaking at the White House Summit on Cybersecurity and Consumer Protection at Stanford University in Palo Alto, California on February 13, 2015. AFP PHOTO/NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
FILE - In this March 22, 2012, file photo, President Barack Obama arrives at the TransCanada Stillwater Pipe Yard in Cushing, Okla. The GOP-controlled House and Senate will likely put pressure on the White House to approve TransCanadaâs Keystone XL Pipeline in 2015. If Congress manages to push through policy changes, such as lower taxes for medical device makers and lighter regulations for coal, it could lift stocks in the health and energy industries, market strategists say. (AP Photo/Pablo Martinez Monsivais, File)
WASHINGTON, DC - MARCH 12: U.S. President Barack Obama walks toward Marine One before departing the White House, March 12, 2015 in Washington, DC. President Obama is traveling to Los Angles, California to appear on Jimmy Kimmel Live television show, and attend a DNC roundtable. (Photo by Mark Wilson/Getty Images)
US President Barack Obama delivers remarks during the National League of Cities annual Congressional City Conference in Washington, DC, March 9, 2015. AFP PHOTO/JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
US President Barack Obama (R) hugs US Representative John Lewis, Democrat of Georgia, one of the original marchers at Selma, during an event marking the 50th Anniversary of the Selma to Montgomery civil rights marches at the Edmund Pettus Bridge in Selma, Alabama, March 7, 2015. The Obamas traveled to Selma to commemorate Bloody Sunday, when civil rights marchers attempting to walk to the Alabama capital of Montgomery to end voting discrimination against African Americans, clashed with police on the Edmund Pettus Bridge. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
US President Barack Obama walks off Air Force One on February 14, 2015 as he arrives in Palm Springs, California where he will spend the Presidents Day weekend. AFP PHOTO/NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
President Barack Obama is silhouetted as he speaks at the TransCanada Stillwater Pipe Yard in Cushing, Okla., Thursday, March, 22, 2012. (AP Photo/Pablo Martinez Monsivais)
With oil pump jacks as a backdrop, President Barack Obama waves to the crowd prior to speaking at an oil and gas field on federal lands Wednesday, March 21, 2012, in Maljamar, NM. The president is defending his energy agenda this week, traveling Wednesday to a solar panel plant in Nevada, but also the site of a future oil pipeline in Oklahoma. (AP Photo/Ross D. Franklin)
President Barack Obama speaks after touring Sempra's Copper Mountain Solar 1 facility, Wednesday, March 21, 2012, in Boulder City, Nev. The president is defending his energy agenda this week, traveling Wednesday not only to the solar panel plant in Nevada, but also later to oil and gas fields in New Mexico and the site of a future oil pipeline in Oklahoma. (AP Photo/Julie Jacobson)
President Barack Obama steps to the podium to speak in the White House's Brady Briefing Room after signing the payroll tax cut extension, Friday, Dec. 23, 2011, in Washington. (AP Photo/Haraz N. Ghanbari)
President Barack Obama delivers remarks at the 71st General Assembly of the Union for Reform Judaism, Friday, Dec. 16, 2011, in National Harbor, Md. (AP Photo/Haraz N. Ghanbari)
President Barack Obama speaks to troops at Fort Bragg, N.C., Wednesday, Dec. 14, 2011. (AP Photo/Gerry Broome)
President Barack Obama speaks about the economy at Osawatomie High School, Tuesday, Dec. 6, 2011, in Osawatomie, Kan. (AP Photo/Carolyn Kaster)
Democratic presidential hopeful Sen. Barack Obama, D-Ill., addresses a rally in Columbia, S.C., Friday, Jan. 25, 2008. (AP Photo/Charles Rex Arbogast)
Democratic presidential hopeful Sen. Barack Obama, D-Ill., listens to Christina Stewart during a roundtable discussion on women's issues in a Charleston, S.C., deli Friday, Jan. 25, 2008. (AP Photo/Charles Rex Arbogast)
Democratic presidential hopeful Sen. Barack Obama, D-Ill., speaks at a rally at Lander University as supporters hold up large cardboard numbers that spell "08" in Greenwood, S.C., Tuesday, Jan. 22, 2008. (AP Photo/Charles Rex Arbogast)
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OPIOID ADDICTION TREATMENT
Obama will ask for $1.1 billion in new funding to expand treatment for people addicted to heroin and prescription painkillers, a growing epidemic.
AID TO COLOMBIA
Obama pledged more than $450 million in aid to Colombia to help with security and integrating rebel combatants into society under a pending peace deal to end Latin America's longest war.
Obama will propose $12 billion over 10 years to supplement food stamps for poor families when school meal programs are closed in the summer, $2 billion in emergency aid for families in crisis, a combined $328 million in education and housing grants to poor neighborhoods, and a $15 million pilot program to help poor families move to better neighborhoods.
The budget will include three years of federal funding to 19 state governments that passed up an earlier offer to expand Medicaid coverage for more than 4 million low-income people.
TWEAK TO "CADILLAC TAX"
Obama will ask for tweaks to a tax on certain health insurance plans that is unpopular with labor unions.
JOBS FOR YOUNG PEOPLE
The White House will ask for $5.5 billion in incentives for businesses that hire young people and $200 million for apprenticeship programs.
COMPUTER SCIENCE EDUCATION
Obama will propose $4 billion for states and $100 million for school districts to expand computer science in schools.
The budget will include $1 billion over five years to help coal-mining regions with economic development.
The White House will ask for $755 million for Vice President Joe Biden's "moonshot" effort to find new cancer treatments.
See how President Obama has changed during his time in office:
Barack Obama portraits through the years
What will be in Obama's final budget proposal?
In this photo provided by the Obama Transition Office, U.S. President-elect Barack Obama poses for an official portrait on January 13, 2009 in Washington, DC.
(Photo by Pete Souza/Obama Transition Office via Getty Images)
US President Barack Obama speaks in the Grand Foyer following a meeting with senior intelligence officials and cabinet members January 5, 2010 at the White House in Washington, DC.
(Photo by Mandel Ngan/AFP/Getty Images)
US President Barack Obama delivers remarks at the Rose Garden of the White House in Washington, DC on November 7, 2011 on tax credits included in the American Jobs Act and new executive actions that will help get veterans back to work.
(Photo by Jewel Samad/AFP/Getty Images)
In this handout from the White House, official portrait of U.S. President Barack Obama in the Oval Office on December 6, 2012 in Washington, D.C.
(Photo by Pete Souza/The White House via Getty Images)
US President Barack Obama announces his nominee for the Federal Housing Finance Authority, North Carolina Democrat Representative Mel Watt, and his nominee for the Federal Communications Commission (FCC), venture capitalist Tom Wheeler, in the East Room of the White House in Washington, DC, on May 1, 2013.
(Photo by Saul Loeb/AFP/Getty Images)
U.S. President Barack Obama hosts a St. Patrick's Day reception for Prime Minister Enda Kenny of Ireland and his wife Fionnuala O'Kelly in the East Room of the White House March 14, 2014 in Washington, DC.
(Photo by Ron Sachs-Pool/Getty Images)
US President Barack Obama speaks at an event marking the 5th anniversary of the Affordable Care Act in Washington, DC, March 25, 2015.
(Photo by Jim Watson/AFP/Getty Images)
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The budget will include $700 million in agricultural research grants, double the spending level in 2016.
Obama has proposed $500 million to boost access to mental healthcare as part of his push to address gun violence.
NATIONAL BACKGROUND INVESTIGATIONS BUREAU
Obama will propose $95 million for a new office responsible for background checks for federal employees.
CRIMINAL JUSTICE REFORMS
As part of reforms to the criminal justice system, Obama will ask for $24 million for better housing for inmates with serious mental illnesses.
Obama will propose tax credits for small businesses offering 401(k) plans or expanding access to retirement savings programs.
Obama will seek to expand unemployment insurance to more types of workers, provide wage insurance for workers moving to lower-paid positions, and provide incentives to states for retraining or relocating workers.
BUREAU OF ALCOHOL, TOBACCO, FIREARMS AND EXPLOSIVES (ATF)
Obama will ask for funding to hire 200 new ATF staff to enforce gun laws.