OMB directs agencies to cut 2013 budgets

By Kellie Lunney

The Obama administration is directing agencies to submit fiscal 2013 budget requests that are at least 10 percent below their current appropriation level.

Citing fiscal pressures and the recently enacted deficit reduction package that raised the debt limit, Office of Management and Budget Director Jacob Lew sent an Aug. 17 memo to agencies instructing them to plan a 2013 budget that is at least 5 percent below their 2011 spending level. Agencies also should identify additional savings that would bring their 2013 budget requests to at least 10 percent below their current enacted appropriation.

Full story: http://www.govexec.com/story_page.cfm?articleid=48572

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