federal r&d budget: recent history and state of play matt hourihan december 2, 2014 for the mrs...
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Federal R&D Budget: Recent History and State of PlayMatt HourihanDecember 2, 2014for the MRS Science Policy Forum
AAAS R&D Budget and Policy Programhttp://www.aaas.org/program/rd-budget-and-policy-program
BCA takes effect: first year of caps
Sequestration kicks in (delayed and reduced by the American Taxpayer Relief Act)
Budget warfare resolved by Bipartisan Budget Act (restores some funding in FY14, FY15)
The Fiscal Context for FY 2015 Congress keeps (partially) restoring funding
FY15: 21% reduction in cuts
Discretionary spending cap is only 0.2% above FY14 before inflation Very little room for any sort of program growth… …reflected in the President’s budget
60%
70%
80%
90%
100%
110%
120%
Dept. ofDefense S&T
Commerce,Justice,Science
Energy &Water
Agriculture Interior andEnvironment
Labor, HHS,Education*
FY 2015 R&D Appropriations by Select Spending BillEstimated funding as a percent of FY 2012, in constant dollars
2012 2013 2014 2015 Request 2015 House 2015 Senate
*Not yet introduced in House. Source: AAAS analyses of agency budget documents and appropriations bills and reports. FY 2014 figures are current estimates. R&D includes conduct of R&D and R&D facilities. © 2014 AAAS
Looking ahead… Omnibus negotiations underway
Beyond FY 2015: back to sequester levels? Discretionary spending heading to
post-WW II lows as a share of GDP
Deficits have fallen, but big-picture fiscal challenges remain largely unchanged Debt limit, entitlement growth
Size and composition of the discretionary budget? Can R&D stay ahead of the curve?
For more info…
202-326-6607http
://www.aaas.org/program/rd-budget-and-policy-program