Presented herein are methods for budgeting power during a power-on self-test (POST) sequence. A determination is made for one or more stages of a power-on-self-test sequence of a system, whether a power profile of a particular stage is greater than a power budget for that stage. The power profile specifies a maximum power consumption as determined by the characteristics of the system and the power budget specifies a power consumption currently allocated to the system. When the power profile is greater than the power budget for that stage, power consumption of the system during the power-on-self-test sequence is limited such that the system does not consume more power than specified by the power budget.