Each agency is required to prepare and issue a policy on budget formulation in conformance with OMB Circular A-11. However, there is a statutory requirement that no agency can issue its policy until a very busy office within OMB approves the policy. This generally involves a waiting period many months or even a year or two long. What if the OMB approval were replaced with the requirement that the policy state that it conforms in all respects to the requirements of the latest verion of OMB Circular A-11 Budget Formulation.
Idea No. 440