White House Asks Agencies to Trim FY 2013 Budgets
Federal agencies have been directed to submit budget requests for fiscal 2013 that are at least 5 percent below current year funding, according to a memo the Office of Management and Budget (OMB) distributed Wednesday.
Agency budget submissions also should identify additional savings in discretionary spending that trim their requests to a level that is at least 10 percent below their FY 2011 allocation, OMB Director Jacob Lew said.
The requests follow this month’s agreement to raise the debt ceiling, a deal which requires $2.4 trillion in deficit reduction over the next decade.
“By providing budgets pegged to these two scenarios, you will provide the president with the information to make the tough choices necessary to meet the hard spending targets in place and the needs of the nation,” Lew said.
Across-the-board reductions, cuts to mandatory spending or enactment of new user fees cannot be used to achieve the spending targets, the memo says.
Read the story in GovernmentExecutive.com.