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Glite Dictionary
OMB

OMB

17 5.8
An agency that helps the US president plan the federal budget and checks federal spending
  • noun
  • /oʊɛmˈbi/
  • US
translation icon : Oficina de Gestión y Presupuesto
  • At the same time, economists at the OMB evaluated the cost estimates and kept insisting that NASA do it for less.
  • OMB budget
  • OMB Management
  • OMB Director

And before he's even confirmed, as he's sort of the shadow director of OMB, he's been helping drive these shutdowns.

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Examples

  • 51 Federal law, OMB regulations, the FAR, and the USAID Acquisition Regulation.

    Academic text (2017)

  • The OMB provides guidance to federal agencies on how to implement the budget effectively.

  • You know, OMB has zeroed out research for the next five years on natural gas because it benefits the oil and gas industry.

    Stanford

  • On the other hand, OMB's 7% figure, based on the investment value of money, is probably too high.

    Academic text (2001)

  • The Office of Management and Budget (OMB) coordinated both initiatives.

    Academic text (2017)

  • (n91) OMB itself has been required to produce an annual accounting of costs and benefits.

    Academic text (2001)

  • Although FISMA does not speak directly to government contractors, OMB has clarified that FISMA standards should apply to government contractors.

    Academic text (2017)

  • For 2010, the Office of Management and Budget (OMB 2011) reports an FCRA subsidy rate for the SBA of 3.53 percent.

    Academic text (2016)

  • OMB's "Supercircular" outlines the extensive requirements regarding cost principles, administrative procedures, and audits.

    Academic text (2017)

  • The OMB plays a crucial role in the budgeting process for the federal government.

Synonyms

Office of Management and Budget
vsOMB
  • Formal
14 4.7

A U.S. government agency that helps the President prepare and oversee the federal budget

is the short abbreviation used instead of the full agency name

Surface Forms

OMB singular
OMBs plural

Morphology

OMB = O + M + B

This is an initialism (Office of Management and Budget); the component letters are not English morphemes and do not help a learner infer the meaning.

Etymology

OMB comes from the first letters of the Office of Management and Budget, the U.S. government office that advises the President and looks after the federal budget. A helpful way to remember it is to think of the three words Office meaning 'a place', Management meaning 'running or organising', and Budget meaning 'a money plan', so OMB is the office that 'manages the budget'.