Fixed Asset Long-Term Planning in Federal Budget

2. Incorporate fixed asset long-term planning into the federal budget
process. 

OMB should revise appropriate circulars to change the budget process to
incorporate fixed asset long-term planning, including governmentwide
analysis to ensure prioritization of fixed asset acquisitions and
optimization of resources allocated to long-term investments. This
should be completed by March 1994 and included in the fiscal year 1996
budget request. The revised process should call for a prominent display
of a division of budget outlays between operating expenditures and
long-term investments in fixed assets.

The definition of long-term investments should be limited to tangible,
long-term assets that are owned by, or leased on a long- term basis to,
the federal government.