1 of 3

Write now Article Tools

Today, many citizens are struggling as a result of the recession. The Executive Office of the President is focusing on how to boost the economy. President Obama will rely on the Office of Management and Budget (OMB) for assistance in creating and monitoring a federal budget that addresses the public's concerns and provides relief for those individuals in greatest need. The OMB's primary function of administrative management includes overseeing the effectiveness and truthfulness of executive branch agencies in regards to financing and spending behaviors.

The most important goal of the Office of Management and Budget is to protect the public from enduring hardships due to an inadequate federal budget plan. This goal is achieved by supervising programs, policies, procedures, and priorities. Agencies are also held accountable for accurately reporting evidence in support of funding and financial records. The OMB measures performance of allocated funds and ensures that federal budget monies are correctly appropriated to agencies that prove most likely to benefit the public.

To complete such arduous tasks, the OMB is organized into three offices under the Director, Wide Support, Statutory, and Resource Management. The Wide Support Office is comprised of individuals with law, economic, legislation, management, and communication backgrounds. Offices concerned with financial analysis, procurement of funds for programs, information technology, and regulatory matters complete the Statutory Office. Resource Management includes various programs, such as natural resources, education, health, transportation, and national security. The OMB's strategic plan outlines the responsibilities of each office.

WIDE SUPPORT OFFICES The Budget Review Division (BRD) aids the President in creating and putting into action a federal budget based upon performance of previous policy decisions. Congress relies upon these trends when petitioning the floor for monies to aid specific agencies implementing or continuing public programs. Employees of the BRD are well informed about budgets and appropriations. The Office of Economic Policy (EP) reviews the economy's circumstances and how both short-term and long-term the public will be affected by such fiscal matters. Thorough knowledge of monetary issues enables the EP to properly advise the President of possible outcomes based upon specific policy assumptions. The Legislative Reference Division (LRD) is responsible for reviewing and either approving

• 1
• 2
• next page >>

Add your voice

Know something about The function of the Office of Management and Budget (OMB)?
We want to hear your view. Write now!