This remarkable demographic shift is having and will continue to have profound social and economic impacts on our nation. With the aging of the Baby Boomers, this number has grown to approximately 56.4 million in 2020 and may rise above 82 million in 2040-more than doubling in 40 years. In 2000, approximately 35 million Americans were aged 65 and older. Program funds are allocated as follows: Competitive Grants/Cooperative Agreements Contracts Direct Federal/Intramural and Other. The FY 2021 funding level will allow NIA will continue to conduct priority research in its intramural program, with a funding reduction of 10.0 percent from the FY 2020 Enacted level. Intramural Research (-$24.6 million total $221.5 million): NIA will identify savings and reductions in Research Centers in order to award more RPGs. NIA will award a total of 108 Research Centers, a decrease of 12 from FY 2020. Research Centers (-$21.3 million total $191.9 million): The decrease in competing RPGs is based on the transition of previously awarded RPGs into non-competing status. NIA will award a total of 640 competing RPGs, a decrease of 274 from FY 2020. Competing Research Project Grants (-$318.6 million total $595.4 million): Funding of non-competing RPGs in FY 2021 includes a reduction of 7.0 percent from the full commitment level in order to free up funds for competing RPG awards. This increase is the result of the increased number of competing RPGs that NIA awarded during previous fiscal years. NIA will continue to support its established non-competing Research Project Grants (RPGs) awarding a total of 2,126 RPGs, an increase of 234 from FY 2020. Non-Competing Research Project Grants (+$207.6 million total $1,702.8 million): Within that framework, NIA will pursue its highest research priorities through strategic investments and careful stewardship of appropriated funds. The FY 2021 President’s Budget reflects the Administration’s fiscal policy goals for the Federal Government. Note that there may be overlap between budget mechanisms and activity detail, and these highlights will not sum to the total change for the FY 2021 President’s Budget request for NIA, which is $3,225.8 million, a decrease of $320.1 million from the FY 2020 Enacted level. Major changes by budget mechanism and/or budget activity detail are briefly described below. " Appropriations Watch: FY 2022.1 All items in italics and brackets are non-add.īack to contents Major Changes in the Fiscal Year 2021 President’s Budget Request " 2022 Omnibus Appropriations Bill: A Summary of Provisions by Federal Agency."Ĭommittee for a Responsible Federal Budget. National Conference of State Legislatures. “ H.R.1319 - American Rescue Plan Act of 2021.” “ Funding Gaps and Shutdowns in the Federal Government.” " Budget Act Points of Order Applicable in the House of Representatives." " An Analysis of the President’s 2023 Budget." " Party Breakdown."Ĭongressional Budget Office. Government: Fiscal Year 2022.”Ĭongressional Budget Office. “ Fact Sheet: The President’s Budget for Fiscal Year 2023.” Additional economic analyses often are included. It sets out projections of annual expenditures and tax revenues, as well as the anticipated levels of the federal deficit or surplus for the fiscal year and for the following 10 years. If a majority of senators-but fewer than 60-favor the bill, they can use a reconciliation process that allows passage by a majority vote.Ī president’s budget provides a projected expenditure figure that reflects the total cost of both discretionary and nondiscretionary government spending, including detailed lists of the expenditures associated with the operations and programs for every federal department and agency. The budget document contains an explanation of the president’s policy goals and proposals.If a large number of senators object to the budget, they may filibuster a bill-i.e., prevent a vote on it-unless 60 senators vote to end the filibuster and act on its passage.The president submits the budget to Congress for review and passage by both chambers.The budget always sets out detailed spending allocations for the entire government and sometimes includes tax proposals.Early in the calendar year, the president prepares the government’s budget for the next fiscal year, beginning Oct.
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