The Office of Management and Budget (OMB) and the Department of Defense (DOD) recently changed the method of recording budget authority within the foreign military sales (FMS) trust fund. Before fiscal year (FY) 1977, each year's FMS trust fund budget authority corresponded to the dollar total of FMS new acceptances. Under the new procedure, the budget authority for a given year is made to match the portion of acceptances, old and new, which result in FMS trust fund implementing obligations during the year.
Matter for Congressional Consideration
|The congressional committees on the budget should require that the calculation of FMS trust fund budget authority be based on total, new acceptances. Congress should adopt additional budgetary controls over the FMS trust fund activities. It should reconsider the degree of control it has delegated and enact legislation to limit total, new FMS acceptances for a FY to the amounts specified in annual authorizing and/or appropriation acts.||When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.|