EXECUTIVE OFFICE OF THE PRESIDENT
OFFICE OF MANAGEMENT AND BUDGET
WASHINGTON, D.C . 20503
FROM: Sylvia M. Bur, Director
SUBJECT: Fiscal Year 2015 Budget Guidance
We are continuing to work through a challenging period of budgeting. We have not had the regular order budgeting process that we would prefer, and I understand the compounding challenges that agencies face in continuing to provide vital services and protect mission in an environment of sequestration. These challenges have only increased the President’s resolve to work with Congress on restoring regular order and replacing sequestration with a balanced deficit reduction plan of additional spending cuts and sensible entitlement reforms coupled with revenue from tax reform.
The 2014 Budget included such a balanced approach, with more than enough deficit reduction to cancel sequestration and restore discretionary funding to levels agreed to in the bipartisan Budget Control Act. The 2015 Budget should continue to build on the President’s plan, by reducing spending on lower priority programs in order to create room for effective investments in areas critical to economic growth and job creation, including education, innovation, infrastructure, and research and development. In addition, particularly in these challenging fiscal times, more effective management strategies will be an important component of our overall approach to efficient and responsible budgeting. While I expect this to be another challenging budget year, the Office of Management and Budget (OMB) looks forward to working closely with the agencies to make the hard decisions that are necessary to reduce the deficit while investing in critical priorities. Continue reading “Office of Management and Budget Fiscal Year 2015 Budget Guidance”