The steps are repeated each fiscal year . At any one time an agency is simultaneously engaged in one of the steps of the process for three or four fiscal years. The sequence given below is chronological, with the earliest events listed first. OMB tells agency how to do strategic plan and budget request. Overall budget numbers are set.
Strategic plan sets framework for broad agency programs.
Actual programs and expenditures start to be planned. Agency has to decide what will sell and its ability to achieve it. Agency decisions are documented and price tags attached. The Executive Branch takes a stand, and asks for money. House and Senate hold hearings on President's request.