House FY15 Budget Resolution
Chairman Paul Ryan (R-WI) released the FY15 House Budget Resolution on April 1st, in advance of the House Budget Committee’s markup and floor consideration. The plan, which adheres to the FY15 discretionary spending cap of $1.014 trillion established by December’s “Murray-Ryan” budget agreement, would balance the budget over 10 years by cutting discretionary and mandatory spending $5.1 trillion. The resolution provides a total of $45 billion for the International Affairs Budget, including $39.1 billion in base funding. This represents an 11% cut compared to FY14 enacted funding and the Administration’s FY15 request. Click here for the full USGLC update.
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Did You Know?
The entire International Affairs Budget is a mere 1% of the total federal budget.
See how the International Affairs Budget helps strengthen our economy.
The International Affairs Budget leverages just over one percent of our overall budget to support critical development and diplomacy programs around the world. Programs funded by the International Affairs Budget create jobs here at home by opening new markets to American businesses and protect our national security by fighting terrorism and preventing conflicts before they start. This efficient investment also staffs all U.S. embassies overseas, fights pandemic disease, provides emergency response after natural disasters, implements agriculture programs to promote stability and prevent hunger, saves millions of lives with HIV/AIDS medications and provides essential good governance assistance to newly emerging democracies.