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The U.S. Office of Management and Budget (OMB) plays a crucial role in the federal budget process, including the development of budget proposals and preliminary budget targets for executive agencies. The OMB's primary function is to assist the President in overseeing the preparation of the federal budget and to ensure that agency requests align with presidential priorities and policies.

By working closely with executive agencies, OMB provides guidance on the budget formulation process, sets overall fiscal policy expectations, and issues budget guidance that helps agencies develop their budget submissions. This includes providing preliminary targets that assist agencies in planning their budgets to align with the government’s financial objectives and constraints.

The other entities, while significant in their own capacities, do not primarily focus on providing budget targets to executive agencies. The U.S Government Accountability Office mainly conducts audits and evaluations to ensure accountability in government spending. The Legislative Services Agency provides support to the legislative branch, and the State Auditing Agency performs audits for state-level financial compliance. These roles are distinct from the OMB’s central responsibility in budgetary planning within the executive branch.