Office of Management and Budget (OMB), an agency of the executive branch of the United States government, charged with helping the president promote and maintain effective government. The OMB was established in the Executive Office of the President in 1970. The agency reviews the organizational structure and management procedures of the executive branch, helps to implement government activities, aids in improving interagency cooperation, and assists in obtaining departmental advice on proposed legislation and in making recommendations to the president regarding such legislation. Its budgetary functions include helping in the preparation and administration of the national budget as well as in the formulation of the government's overall fiscal program.