Navy issues detailed five-year budget guidance, asks program managers to solve shortfalls

By Lee Hudson / October 25, 2016 at 4:30 PM
The Navy has issued detailed guidance for building a five-year budget plan that puts the onus for funding shortfalls on individual program offices and accounts for fluctuations that may occur during the upcoming change of administrations. According to an Oct. 14 memo issued by Vice Chief of Naval Operations Adm. Bill Moran, Navy program managers can no longer rely on what are termed "corporate withholds," with all budget year money allocated to an individual office at the beginning of the...

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