Federal budget authority for R&D in 2014 rises slightly

Federal budget authority for R&D in FY 2014 rises slightly
Chart showing trends of federal R&D funding by budget function. Credit: NSF

New data indicate that in fiscal year (FY) 2014, Congress gave federal agencies authority to spend $3.2 billion more on research and development and R&D plant (together) than in FY 2013. However, the increase only partially offset successive declines experienced in previous fiscal years.

According to a report just released by the National Science Foundation's (NSF) National Center for Science and Engineering Statistics, preliminary data for FY 2014 shows a 2.4 percent increase in federal budget authority for R&D and R&D plant, totaling an estimated $135.7 billion in current-year dollars.

The increase, to a degree, counterbalances cuts in federal budget authority for R&D and R&D plant, which were down $4.6 billion in FY 2011; down $0.6 billion in FY 2012 and down $11.3 billion in FY 2013.

Funding cuts have fallen much more heavily on national defense than on nondefense budget functions. Preliminary estimates show that in FY 2014, had authority to spend $70.7 billion on defense related R&D, which was down from a high of $86.8 billion in FY 2010.

See more from this report: Federal Budget Authority for R&D in FY 2014 Rises Slightly Above the FY 2013 Level; Extent of Increase in FY 2015 Uncertain.

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Citation: Federal budget authority for R&D in 2014 rises slightly (2014, November 19) retrieved 19 September 2019 from https://phys.org/news/2014-11-federal-authority-slightly.html
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