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Federal Market Intelligence for Small Business |
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Obama offers $4.15T budgetPresident Obama proposed the final federal budget of his term, totaling $4.15 trillion in mandatory and discretionary spending, for fiscal 2017. The discretionary portion comprised $1.2 trillion, covering defense and civilian spending, which is increasing by less than 1% under the recent budget deal with Congress. The remainder is for mandatory payments primarily for Social Security, Medicare and Medicaid. Highlights of the proposed budget include a 4% increase in research and development across government, to $150 billion, and a 35% increase in cybersecurity, to $19 billion. The Defense Department would receive $582.7 billion in discretionary funding, including $59 billion for overseas contingencies. This year’s total enacted was $580.3 billion. Veterans Affairs would get $78.7 billion in discretionary funds, which is a 4.9% increase. There are boosts to IT personnel and the IG’s office. Health and Human Services would receive $77.9 billion in discretionary funds, down from $84.6 billion this year, according to Bloomberg. Homeland Security is slated for $40.6 billion in discretionary budget authority, $381 million more than the fiscal 2016 enacted level. The Commerce Department’s allocation is $9.7 billion in discretionary funding, which is $487 million more than this year’s enacted level. Obama’s budget plan would raise IT spending by $1.1 billion, to $89.8 billion, which includes $51.3 billion for civilian agencies and $38.5 billion for defense, according to FederalNewsRadio (http://goo.gl/5z6qsg). Energy, Education, EPA, HUD, Interior, Labor, SEC, Transportation and Treasury are among the agencies that would see increased spending under Obama’s plan, while funding for USDA, Justice, and State would fall, according to a NYTimes article (http://goo.gl/z6d61X). More information: White House budget documents: https://www.whitehouse.gov/omb/budget
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