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Treasury, OMB Release Final Data Standards on Federal Spending Info

budget analysis reviewThe Treasury Department and the Office of Management and Budget have finalized the data standards to guide federal agencies on how to report government spending data as part of the implementation of the Digital Accountability and Transparency Act of 2014.

David Lebryk and David Mader wrote in a Treasury blog post published Monday the 57 data definitions seek to standardize and improve the quality of federal spending information that agencies post on the USAspending.gov website.

Lebryk serves as fiscal assistant secretary at the Treasury and Mader is both acting deputy director for management at OMB and controller of the Office of Federal Financial Management.

OMB and the Treasury will work with federal funding recipients and industry stakeholders to gather feedback on the implementation of the data standards in compliance with the DATA Act.

“Moving forward, we will continue to engage our stakeholders as we work to implement these standards, develop a process to periodically review and, if necessary, update these standards, and work with recipients of federal funds to identify opportunities to streamline recipient reporting burden,” Lebryk and Mader wrote.

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