Foreign Policy Budget for FY2002

Publication Date: April 2001

Publisher: Library of Congress. Congressional Research Service

Author(s):

Research Area: Government

Type:

Abstract:

The Bush Administration seeks a $23.85 billion foreign policy budget for FY2002, representing a nominal increase of 5.3% over FY2001 (2.3% in real terms when the effects of inflation are taken into account). Most of the additional resources are concentrated in a few areas, especially for State Department operations and a new regional Andean counternarcotics initiative. The budget further proposes to cut funding for the Export-Import Bank by 25%. This report analyzes the FY2002 international affairs funding submission, compares it with recently enacted foreign policy budgets, identifies major priorities and recommended reductions, and discusses potential congressional issues. It will be revised as the Administration provides further details in April and May about the FY2002 budget.