Congessional Budget Office

TEMP STOP TYING NEXT YEARS AGENCY BUDGETS TO OBLIGATION RATES

End of fiscal year results in Agencies scrambling to spend every remaining dime in the coffers to ensure budget does not get cut for the next year. For INSTANT fund availability, Guarantee Agencies equal budget or budget as forecasted and retrieve unspent funding in the mid 4th quarter with no "future budget penalty" because of lower obligation rates. Planned acquisitions will be submitted or complete by then and it would avoid the last minute scramble to put together requirements to drain the accounting lines dry.

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Idea No. 16084