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Office of Management and Budget

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AnalyticsTrade Team Last updated on 26 Apr 2023

Table of Contents

Office of Management and Budget

The Office of Management and Budget (OMB) is a federal agency within the Executive Office of the President of the United States. It is responsible for overseeing the implementation of the President’s budget and for providing advice and guidance to the President on a wide range of policy and management issues. OMB also works with other federal agencies to ensure that their programs and policies are consistent with the President’s goals and objectives. OMB is also responsible for the coordination of the federal government’s regulatory activities.

History of the Office of Management and Budget

The Office of Management and Budget was created in 1970 by President Richard Nixon. It was created to provide the President with the necessary information and advice to make informed decisions about the federal budget. Since then, the OMB has grown in size and scope and is now responsible for overseeing the implementation of the President’s budget and providing advice and guidance to the President on a wide range of policy and management issues. OMB also works with other federal agencies to ensure that their programs and policies are consistent with the President’s goals and objectives.

Table of Comparisons

OMB Other Agencies
Responsible for overseeing the implementation of the President’s budget Responsible for implementing their own programs and policies
Provides advice and guidance to the President on a wide range of policy and management issues Provides advice and guidance to their own agency
Coordinates the federal government’s regulatory activities Implements their own regulations

Summary

The Office of Management and Budget (OMB) is a federal agency within the Executive Office of the President of the United States. It is responsible for overseeing the implementation of the President’s budget and for providing advice and guidance to the President on a wide range of policy and management issues. OMB also works with other federal agencies to ensure that their programs and policies are consistent with the President’s goals and objectives. For more information about the Office of Management and Budget, visit the official website at https://www.whitehouse.gov/omb/.

See Also

  • Budget of the United States Government
  • Office of Information and Regulatory Affairs
  • Office of Personnel Management
  • Office of Science and Technology Policy
  • Office of the United States Trade Representative
  • Office of National Drug Control Policy
  • Council of Economic Advisers
  • National Security Council
  • White House Office
  • United States Department of the Treasury

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