"Incremental" budgeting is common practice by the OMB and keeps the budget process on schedule.

Question

Quizplus · Accepted Answer

Incremental budgeting means basing the budget for the next fiscal year on the current year's budget, with adjustments made for inflation and other factors. This approach is commonly used by the OMB to keep the budget process on schedule as it simplifies the budgeting process and helps avoid delays in budget approval.

"Incremental" Budgeting Is Common Practice by the OMB and Keeps