Research and Development Funding: Fiscal Year 2002

Publication Date: November 2001

Publisher: Library of Congress. Congressional Research Service

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President Bush is requesting $95.253 billion for federal R&D in FY2002, a 5.8% increase over the estimated $90.010 billion appropriated for FY2001. Defense R&D (DOD’s plus DOE’s weapons R&D activities) would increase 8.1% to $48.579 billion. This increase reflects the Administration’s first installment of increasing DOD’s annual RDT&E budget by $20 billion over the next five years. Federal civilian R&D, for FY2002, would increase to $46.674 billion, 3.6% above FY2001 estimated $45.064 billion level. The President’s FY2002 budget also proposes to permanently extend the Research and Experimentation (R&E) tax credit which is scheduled to expire in FY2004.