Two thirds of it was “mandatory.” This includes what are called entitlement programs: Social Security, and the major healthcare programs for retirees and low-income earners, Medicare and Medicaid, along with other programs like unemployment, food stamps, federal housing loan programs, veterans’ retirement, and the net interest on the U.S. The FY15 enacted federal budget was $3.7 trillion. The House has just, in mid-September, passed a package of twelve appropriations bills, and the Senate Appropriations Committee is in the process of passing appropriations bills out of its various subcommittees.Ĭoncurrent with congressional consideration of the FY+1 budget, the administration is formulating the FY+2 budget, a process led by the Office of Management and Budget (OMB) and negotiated separately with each agency the formulation process can take as long as one year prior to the submission to Congress.įigure 1 shows a pie chart of the U.S. Congress must assess this budget, usually through hearings and testimony, and enact 12 separate appropriations for the FY+1 budget.īecause of the turnover in the presidential administration last January, submission to Congress of the president’s FY18 proposed budget was delayed until late May, and congressional budget hearings were held for FY18 in June and July. Let’s call that budget the FY budget.Īt the same time, the FY+1 budget is under consideration by Congress that budget is (normally) submitted to Congress by the president during the first week in February of FY, i.e., four months after the start of FY and eight months prior to the start of FY+1. The budget for fiscal year (FY) 2017, from Octoto September 30, 2017, is being executed by agencies now. federal government is normally working on three annual budgets simultaneously. In this Part Two, I will give a short tutorial on the federal budget as a whole and where R&D fits into it, and a mid-September update on the congressional budget marks for FY18.Īs a reminder from Part One, the U.S. research and development (R&D) funding, contrasted with that of some other nations, and then provided an early June update on the administration’s proposed budget for next fiscal year (FY18) and a call to the physics community to respond. First, in Part One in the September issue, I covered some historical trends in U.S. This Back Page article is spread in two parts across two issues of APS News. I hadn’t actually paid a lot of attention to the entire federal budget until I became a federal employee, and then I found it to be quite sobering. Department of Energy (DOE), which as the APS News readership knows is the largest funder of physical science research in the federal government. " Federal Deficit Trends Over Time.When I gave a presentation at the APS “April” Meeting last January I had just completed my appointment as the Director of Science at the U.S. " Funding Gaps and Shutdowns in the Federal Government."Ĭ. " Congress Increasingly Fails to Budget." Ĭommittee for a Responsible Federal Budget. " United States Code, 2006 Edition, Supplement 5, Title 31 - Money and Finance,". " Congressional Budget and Impoundment Control Act of 1974," Pages 11-12. " Congressional Budget and Impoundment Control Act of 1974." " Major Foreign Holders of Treasury Securities." " The Department of Defense Releases the President’s Fiscal Year 2022 Defense Budget."ĭepartment of the Treasury. " The Disaster Relief Fund: Overview and Issues," Pages 19-24.ĭepartment of Defense. " Fiscal Year (FY) 2022 President’s Budget -Justification for Component Contingency Operations the Overseas Contingency Operation Transfer Fund (OCOTF),". " Social Security Board of Trustees: Combined Trust Funds Projected Depletion One Year Sooner Than Last Year."īureau of the Fiscal Service. “ S.J.Res.33 – A Joint Resolution Relating to Increasing the Debt Limit.” " The Debt to the Penny and Who Holds It," Select "Data Tables."Ĭongressional Budget Office. " An Update to the Budget and Economic Outlook: 2021 to 2031." " The Budget and Economic Outlook: 2021 to 2031."Ĭongressional Budget Office.
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