AGA GAFRB Exam - Topic 3 Question 16 Discussion

Actual exam question for AGA's GAFRB exam

Question #: 16
Topic #: 3

Which entity assists the president in overseeing the preparation of the President's Budget?

AGAO

BCongressional Budget Office

COMB

Dthe U.S. Department of the Treasury
The OMB assists the President in preparing the President's Budget, which is submitted annually to Congress. OMB coordinates budget instructions, evaluates agency requests, and ensures alignment with presidential policies.
Other roles:
GAO: Supports Congress and performs audits
CBO: Provides nonpartisan budget analysis to Congress

US. Treasury: Manages federal finances but does not oversee budget preparation
Relevant Reference:
OMB Circular A-11 -- Role in Budget Formulation

US. Code Title 31 -- Role of OMB
GAO Budget Glossary
Answer : C. OMB

Show Suggested Answer

Suggested Answer: C

by Daniel at Apr 09, 2026, 02:19 AM

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2 months ago

I think the OMB is the right answer since they handle the budget preparation for the President, but I’m not completely sure about the roles of the other entities.

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