ABSTRACT

OMB Report to the Congress on the Joint Committee Reductions for Fiscal Year 2018   [open pdf - 2MB]

"The Balanced Budget and Emergency Deficit Control Act (BBEDCA) requires the Office of Management and Budget (OMB) to calculate reductions of fiscal year (FY) 2018 budgetary resources and provide them to the Congress with the transmittal of the Budget. This report provides OMB's calculations of the reductions to the discretionary spending limits ('caps') specified in section 251(c) of BBEDCA for FY 2018 and a listing of the FY 2018 reductions required through sequestration for each non-exempt budget account with direct spending.OMB calculates that the Joint Committee reductions will lower the discretionary cap for the revised security (defense) category by $54 billion and for the revised non-security (nondefense) category by $37 billion. Additionally, the Joint Committee reductions require sequestration reductions to non-exempt direct spending of 2.0 percent to Medicare, 6.6 percent to other non-exempt nondefense mandatory programs, and 8.9 percent to non-exempt defense mandatory programs."

Publisher:
Date:
2017-05-23
Copyright:
Public Domain
Retrieved From:
United States Office of the White House: http://www.whitehouse.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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