the OMB a US government organization that provides help for the President in organizing the work of government departments and especially in preparing the budget (=the official plan for how government money will be used)
(OMB) Located in the Executive Office of the President, this agency prepares the President's budget with the Council of Economic Advisors and the Treasury Department OMB also oversees all Federal data collection Among other duties, this federal agency is responsible for enforcing the Paperwork Reduction Act and, in so doing, must approve all surveys and data collection forms that represent a reporting burden on employers
Federal government agency responsible for assisting the President in preparing the budget and formulating the fiscal program of the U S government, among other things
A branch of the Executive Office of the President OMB helps the President formulate his spending plans, evaluates the effectiveness of agency programs, policies, and procedures, assesses competing funding demands among agencies, and sets funding priorities OMB ensures that agency reports, rules, testimony, and proposed legislation are consistent with the President's budget and with Administration policies In addition, OMB oversees and coordinates the Administration's procurement, financial management, information, and regulatory policies In each of these areas, OMB's role is to help improve administrative management, to develop better performance measures and coordinating mechanisms, and to reduce any unnecessary burdens on the public
A branch of the White House responsible for projecting the future path of the federal budget, preparing the President's budget, and analyzing issues that may affect the federal budget Congress typically does not use OMB estimates of the budget, instead relying on estimates from the Congressional Budget Office (CBO) See Congressional Budget Office [Back to top]
Agency within the Executive Office of the President that is responsible for assisting with the formulation of the President's annual budget request and supervise the execution of the budget by Executive Branch agencies OMB also oversees and coordinates the Administration's procurement, financial management, information, and regulatory policies