The Office of Management and Budget (OMB) is the largest office within the Executive Office of the President of the United States. Its core mission is to serve the President of the United States in implementing his vision across the Executive Branch. OMB carries out its mission through five main functions across executive departments and agencies:
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Budget development and execution: This is a significant government-wide process managed from the Executive Office of the President and a mechanism by which a President implements decisions, policies, priorities, and actions in all areas.
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Management: This includes oversight of agency performance, Federal procurement, financial management, and information/IT (including paperwork reduction, privacy, and security) .
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Coordination and review of all significant Federal regulations from executive agencies: This includes privacy policy, information policy, and review and assessment of information collection requests.
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Evaluation of agency programs, policies, and procedures: OMB examines agency programs, policies, and procedures to see whether they comply with the Presidents policies and coordinates inter-agency policy initiatives.
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Assistance in the preparation of the Federal budget: OMB assists the President in overseeing the preparation of the Federal budget and supervising its administration of Executive Branch agencies.
OMB is responsible for overseeing the performance of federal agencies and administering the federal budget. It manages other agencies financials, paperwork, and IT, and coordinates the Administrations regulatory, procurement, financial management, information technology, and information management policies.
