What is the primary function of the Office of Management and Budget (OMB)?

The Office of Management and Budget (OMB) primarily functions to oversee the performance of federal agencies. This role involves ensuring that federal programs are effectively administered and that resources are being utilized efficiently to fulfill government objectives. The OMB works closely with agencies to assess their performance, guiding budgetary decisions and policy implementations based on performance metrics and outcomes. This oversight is vital for accountability and improving the effectiveness of government operations, making it a central component of managing federal finances and policies.

While there are other entities and mechanisms responsible for law creation, state budget management, and auditing private companies, the specific role of the OMB centers around federal oversight and budgetary management. Their tasks include evaluating agencies' programs, formulating budget proposals, and reviewing legislative proposals related to budgetary implications, reinforcing their primary function in the federal system.