Friday, August 19, 2011
Agencies must cut 2013 budgets by at least 5 percent of enacted discretionary spending this year and submit a version of a budget requests that makes an additional 5 percent in discretionary cuts. The mandate is outlined in a memo from Office of Management and Budget Director Jacob Lew.
Non-defense and non-national security agencies will be impacted the most by this mandate, said Doug Davidson, director in the Global Public Sector Practice at Grant Thornton, and the publisher of the Federal Financial Management News blog, FedCFO.com.
-Jolie Lee, FederalNewsRadio.com
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