Defense Financial Highlights

The Budget and Economic Outlook: 2017 to 2027

Thursday, February 2nd, 2017

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The Congressional Budget Office’s (CBO) has projected the budget deficit for 2017 to be similar to 2016. CBO’s baseline estimate of the 2017 deficit is $559 billion, or 2.9 percent of gross domestic product—less than the $587 billion deficit posted in 2016. Both totals, however, are affected by shifts in the timing of some payments. Outlays in 2016—and thus the deficit—were boosted by $41 billion because certain payments that were to be made on October 1, 2016 (the first day of fiscal year 2017), were instead made in fiscal year 2016 because October 1 fell on a weekend.

For the full report and to download the PDF, visit https://www.cbo.gov/publication/52370

Presidential Executive Order on Reducing Regulation and Controlling Regulatory Costs

Monday, January 30th, 2017

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30 January 2017

On 30 January 2017, President Trump issued an executive order regarding the policy of the executive branch to be prudent and financially responsible in the expenditure of funds, from both public and private sources. The Executive Order also addressed the regulatory cap for FY2017 and the annual regulatory cost submission to OMB.

Read the complete Executive Order

2 February 2017

Memorandum: Interim Guidance Implementing Section 2 of the Executive Order of January 30, 2017, Titled “Reducing Regulation and Controlling Regulatory Costs”

Memorandum for: Regulatory Policy Officers at Executive Departments and Agencies and Manning And Executive Directors of Certain Agencies and Commissions.

FROM: Dominic J. Mancini, Acting Administrator
Office of Information and Regulatory Affairs

Read the memorandum posted 2 February 2017, on the White House's Briefing Room

Presidential Memorandum Regarding the Hiring Freeze

Sunday, January 22nd, 2017

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22 January 2017

On 22 January 2017, President Trump issued a memorandum establishing a federal hiring freeze. As part of the freeze, no vacant positions existing will be filled, and no new positions may be created, except in limited circumstances. This order does not include or apply to military personnel.

Read the full Memorandum for the Heads of Executive Departments.

31 January 2017

Memorandum: Federal Civilian Hiring Freeze Guidance

From: Mark Sandy
Acting Director, Office of Management and Budget 

Kathleen McGettigan
Acting Director, Offie of Personnel Management

Read the memorandum posted 31 January 2017, on the White House's Briefing Room.

Appropriations Watch: FY 2017

Friday, January 6th, 2017

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The government is being funded by a continuing resolution, which was passed in December 2016, and goes through April 28, 2017. The Senate voted to proceed to debate on a fiscal year (FY) 2017 budget resolution on 4 January 2017. To read the full article and the latest updates please visit the Committee for a Responsible Federal Budget’s blog posting here.

Read the Senate’s budget resolution for FY 2017.

GSA lowers federal mileage reimbursable rates for 2017

Saturday, December 31st, 2016

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The General Services Administration (GSA) announced that mileage reimbursement rate for federal employees using privately –owned vehicles during official travel will decrease slightly to 53.5 cents from the current level of 54 cents.  The new rate will go into effect on January 1, 2017. 

Mileage reimbursable rates also decreased for official airplane travel (to $1.15 from $1.17) and motorcycles (to 50.5 cents from 51 cents).

Rates declined due to lower fuel prices that were offset somewhat by increasing insurance and maintenance costs.

GSA annually reviews mileage reimbursement rates for federal employees.  GSA rates cannot exceed the rate set by the Internal Revenue Service (IRS) for calculating business mileage expenses on tax returns.  

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