Survey Shows Agencies Confident in Meeting 2015 Spending Target

A joint survey by Grant Thornton and the American Association for Budget and Program Analysis shows agency budget managers are confident their organizations can meet federally-mandated budget caps in fiscal 2015, Federal News Radio reported Wednesday.

More than two-thirds of survey respondents show signs of optimism for the next fiscal year’s budget and have been minimally impacted by the fiscal 2013 sequestration and the recent government shutdown.

Thirteen percent of budget professionals say they are behind schedule to formulate fiscal 2015 budget and nearly 5 percent believe they have yet to start developing budget plans, according to the report.

The Office of Management and Budget has mandated a 10 percent reduction to the agencies’ fiscal 2015 budget proposals by way of removing duplications and fragmentations, the station reports.

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