OMB releases updated sequestration report; estimates 5.0% decrease in global health funding
The White House Office of Management and Budget (OMB) released the “OMB Report To The Congress On The Joint Committee Sequestration For Fiscal Year 2013” (.pdf) detailing the budgetary impacts of sequestration as mandated in the “Budget Control Act of 2011” (P.L. 112-25). According to the report, estimated reductions are based on funding levels provided in the “Continuing Appropriations Resolution, 2013” (CR) (P.L. 112-175), which authorized appropriations for FY 2013 through March 27, 2013 at a rate that is 0.612% more than the FY 2012 enacted levels. OMB estimates that global health funding through USAID and State Department, which comprises the majority of U.S. global health funding, would decrease by $411 million, or 5.0%, from the $8,218 million authorized in the FY 2013 CR.
- Prior OMB report detailing impacts of sequestration (September 14, 2012): “OMB Report Pursuant to the Sequestration Transparency Act of 2012 (P.L. 112-155)“