3.A: Financial Assessments
Provide accurate and timely assessments of the financial condition of the Federal Government. Other Information:
Relationship to Annual Performance Goals: OMB will continue to publish with the President's Budget annual analyses of how
the Government's and the Nation's financial condition have changed and may change in the future as a result of the Government's
operations. These analyses may be judged by the comprehensiveness of the conceptual framework, the quality of the data, the
clarity of the assumptions on which the projections depend, and the usefulness to decision-makers of the results. Means and
Strategies: Providing assessments of the financial condition of the Federal Government has both management and analytic components.
In addition to its work on agency and government-wide financial statements, OMB also provides analyses of aspects of the financial
condition of the Government, and prepares and publishes long-range estimates that present the effects of various demographic,
economic, and other assumptions on the Federal budget. External Factors: Assessments of the financial condition of the Federal
Government will depend greatly on data supplied by individual Federal agencies, and generally the assessment can only be as
accurate as the data supplied. In addition, OMB depends on other outside information, and the accuracy of this information
can influence the accuracy of the OMB assessment.
Indicator(s):
|
