Office of Federal Financial Management

The Office of Federal Financial Management (OFFM) is part of the U.S. Office of Management and Budget. Its primary role is to improve how the federal government handles its finances. This includes overseeing budgeting, accounting, and financial reporting processes to ensure transparency and accountability. The OFFM sets policies and standards to help federal agencies effectively manage their funds, which ultimately supports responsible government spending and enhances public trust in how taxpayer money is used. By promoting sound financial practices, the OFFM aims to ensure that the government’s financial management is efficient and reliable.