Formulation of the
President's Budget (begins 19 months before Fiscal Year)
|
|
Budget Policy Development
|
-
President, with assistance from Office of Management and Budget
(OMB) establishes general budget and fiscal policy guidelines.
(March)
-
Based on President's decisions, OMB gives federal agencies
instructions for budget preparation, along with budget ceilings and economic
assumptions. (April)
|
Compilation and Submission of Agency
Estimates
|
-
ETA submits budget request to Department of Labor (DOL) Budget
Office, based on OMB instructions.
-
DOL reviews/makes determinations on ETA/other DOL agencies'
budget requests.
-
DOL submits initial budget request to OMB. (1st week in
September)
|
Office of Management and Budget Review and Presidential Decisions
|
- OMB prepares major
issues/options for consideration/determination by President, based
on agency requests.
-
OMB reviews agency budgets, holds hearings with agencies, gives
"passback" decisions to agencies, and makes decisions on agency appeals.
-
Federal agencies prepare final budget materials for President's
Budget and Congressional committee hearings.
(December-January)
|
Submittal to Congress
|
-
President transmits full budget to Congress . (15 days after
Congress convenes in January prior to upcoming Fiscal Year)
|