![]() ![]() To promote transparency of this process, the Office of Management and Budget could publicly report the actual reductions in budget authority each year as a result of sequestration.The budget is a document which provides estimates for revenue, expenditure and borrowing and outlines the fiscal policy of the government for a specified period ahead. ![]() Under current law, sequestration of mandatory spending will continue through 2030. Since 2013, sequestration of mandatory spending has occurred each year, resulting in smaller and delayed direct payments to program beneficiaries, reduced services, and reduced tax credits, among other things.
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