The Biden Administration Releases the FY 2024 Budget

On March 9, the Biden administration released its Fiscal Year (FY) 2024 budget request. The administration proposes funding non-defense discretionary programs at $841.3 billion and defense programs at $886.4 billion, a 5.5 percent increase from congressional appropriations in FY 2023. The administration requests $90 billion for the Department of Education, which is a 13.6 percent increase from FY 2023 enacted levels. Additional details about the Department of Education’s FY 2024 budget can be found here. For the physical sciences, the administration requests $11.3 billion for the National Science Foundation, which is a nearly $2 billion increase from FY 2023 enacted levels. For the Department of Energy, the administration requests $52 billion, which is a $6.2 billion increase from FY 2023 enacted levels. For biomedical research, the administration request $48.6 billion for the National Institutes of Health, which is an increase of $920 million.

More details about the FY 2024 Budget Request will be included in next week’s Washington Insights & Highlights Newsletter.