CBO: Sequestration Cuts Are Unlikely This Year

karelnoppe/Shutterstock.com

The fiscal 2014 budget that President Obama signed last December contained enough cuts and revenues to avoid across-the-board cuts this year, the Congressional Budget Office confirmed Thursday.

In its mandatory biannual update on sequestration, the nonpartisan office said that with Congress in having made only minor adjustments to the spending caps required under the 2011 Budget Control Act, little has changed from its January 2014 assessment that no budgetary cancellations will be needed before fiscal 2014 ends Oct. 1.

The omnibus spending bill now in effect updated the original sequester law and set new caps for 2015 that are $18.5 billion above what the limits would have been otherwise.

The Office of Management and Budget, CBO noted, has sole authority to decide whether new sequestration cuts are required, and it agreed in February that none are needed this year.

One reason for the stability is that the sole major appropriation in fiscal 2014 was $5.6 billion in emergency disaster relief following Hurricane Sandy, which OMB handled by adjusting its nondefense spending cap by that same amount for fiscal 2015.

In the out-years, however, sequestration left unchanged will continue to pinch, though less abruptly. The cap on discretionary budget authority for defense will grow from $521 billion in 2015 to $523 billion in 2016 and then to $590 billion in 2021, CBO estimates.

The cap on nondefense funding will be $492 billion in 2015 and 2016 and then rise to an estimated $555 billion for 2021.

Spending cuts for defense programs will be proportionately larger than those for nondefense programs, CBO said.

(Image via karelnoppe/Shutterstock.com)

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Sponsored by Brocade

    Best of 2016 Federal Forum eBook

    Earlier this summer, Federal and tech industry leaders convened to talk security, machine learning, network modernization, DevOps, and much more at the 2016 Federal Forum. This eBook includes a useful summary highlighting the best content shared at the 2016 Federal Forum to help agencies modernize their network infrastructure.

    Download
  • Sponsored by CDW-G

    GBC Flash Poll Series: Merger & Acquisitions

    Download this GBC Flash Poll to learn more about federal perspectives on the impact of industry consolidation.

    Download
  • Sponsored by One Identity

    One Nation Under Guard: Securing User Identities Across State and Local Government

    In 2016, the government can expect even more sophisticated threats on the horizon, making it all the more imperative that agencies enforce proper identity and access management (IAM) practices. In order to better measure the current state of IAM at the state and local level, Government Business Council (GBC) conducted an in-depth research study of state and local employees.

    Download
  • Sponsored by Aquilent

    The Next Federal Evolution of Cloud

    This GBC report explains the evolution of cloud computing in federal government, and provides an outlook for the future of the cloud in government IT.

    Download
  • Sponsored by Aquilent

    A DevOps Roadmap for the Federal Government

    This GBC Report discusses how DevOps is steadily gaining traction among some of government's leading IT developers and agencies.

    Download
  • Sponsored by LTC Partners, administrators of the Federal Long Term Care Insurance Program

    Approaching the Brink of Federal Retirement

    Approximately 10,000 baby boomers are reaching retirement age per day, and a growing number of federal employees are preparing themselves for the next chapter of their lives. Learn how to tackle the challenges that today's workforce faces in laying the groundwork for a smooth and secure retirement.

    Download
  • Sponsored by Hewlett Packard Enterprise

    Cyber Defense 101: Arming the Next Generation of Government Employees

    Read this issue brief to learn about the sector's most potent challenges in the new cyber landscape and how government organizations are building a robust, threat-aware infrastructure

    Download
  • Sponsored by Aquilent

    GBC Issue Brief: Cultivating Digital Services in the Federal Landscape

    Read this GBC issue brief to learn more about the current state of digital services in the government, and how key players are pushing enhancements towards a user-centric approach.

    Download
  • Sponsored by CDW-G

    Joint Enterprise Licensing Agreements

    Read this eBook to learn how defense agencies can achieve savings and efficiencies with an Enterprise Software Agreement.

    Download
  • Sponsored by Cloudera

    Government Forum Content Library

    Get all the essential resources needed for effective technology strategies in the federal landscape.

    Download

When you download a report, your information may be shared with the underwriters of that document.