Budget
of the U.S.
Government
FISCAL YEAR 2024

White House Intergovernmental Affairs 

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THANK YOU, MR. PRESIDENT!!

March 9, 2023President Biden’s Investing in AmericaToday, President Biden released a budget outlining his vision to build on the work this Administration has done to make a real difference in people’s lives – investing in America, lowering costs for families, protecting and strengthening Social Security and Medicare, reducing the deficit, and more.Full Fiscal Year 2024 Budget of the U.S. GovernmentPresident Biden has long believed that we need to grow the economy from the bottom up and middle out, not the top down. Over the past two years, in the face of significant challenges, that economic strategy has produced historic progress for the American people. Under the President’s leadership, the economy has added more than 12 million jobs—more jobs in two years than any president has created in a four-year term—including 800,000 manufacturing jobs. The unemployment rate has fallen to 3.4 percent, the lowest in 54 years. The Black and Hispanic unemployment rates are near record lows. The past two years were the best two years for new small business applications on record. The President has taken action to lower costs and give families more breathing room, including cutting prescription drug costs, health insurance premiums, and energy bills, while driving the uninsured rate to historic lows. And the President’s plan is rebuilding America’s infrastructure, making the economy more competitive, investing in American innovation and industries that will define the future, and fueling a manufacturing boom that is strengthening parts of the country that have long been left behind while creating good jobs for workers, including those without college degrees. The President has done all of this while delivering on his commitment to fiscal responsibility. While the previous Administration passed a nearly $2 trillion unpaid-for tax cut with benefits skewed to the wealthy and big corporations while dramatically increasing the deficit, President Biden cut the deficit by more than $1.7 trillion during his first two years in office—the largest decline in American history. And the reforms he signed into law to take on Big Pharma, lower prescription drug costs, and make the wealthy and large corporations pay their fair share will reduce the deficit by hundreds of billions of dollars more over the coming decade. The President’s Budget details a blueprint to build on this progress, deliver on the agenda he laid out in his State of the Union, and finish the job: continuing to grow the economy from the bottom up and middle out by investing in America, lowering costs for families, protecting and strengthening Medicare and Social Security, and reducing the deficit by nearly $3 trillion over the next decade by making the wealthy and big corporations pay their fair share and cutting wasteful spending on Big Pharma, Big Oil, and other special interests. No one earning less than $400,000 per year will pay a penny in new taxes.Briefing on President Biden’s FY24 Budget Proposal

THE WHOLE 184 PAGES OF THE “BUDGET” FOR 2024 IS AVAILABLE: https://www.whitehouse.gov/wp-content/uploads/2023/03/budget_fy2024.pdf

Budget
of the U.S.
Government
FISCAL YEAR 2024 OFFICE OF MANAGEMENT AND BUDGET

THE BUDGET DOCUMENTS
Budget of the United States Government,
Fiscal Year 2024 contains the Budget Message of the
President, information on the President’s priorities,
and summary tables.
Analytical Perspectives, Budget of the United
States Government, Fiscal Year 2024 contains analyses that are designed to highlight specified subject
areas or provide other significant presentations of
budget data that place the budget in perspective.
This volume includes economic and accounting analyses, information on Federal receipts and collections,
analyses of Federal spending, information on Federal
borrowing and debt, baseline or current services estimates, and other technical presentations.
Supplemental tables and other materials that
are part of the Analytical Perspectives volume
are available at https://whitehouse.gov/omb/
analytical-perspectives/.
Appendix, Budget of the United States
Government, Fiscal Year 2024 contains detailed information on the various appropriations and funds
that constitute the budget and is designed primarily
for the use of the Appropriations Committees. The
Appendix contains more detailed financial information on individual programs and appropriation accounts than any of the other budget documents. It
includes for each agency: the proposed text of appropriations language; budget schedules for each account; legislative proposals; narrative explanations
of each budget account; and proposed general provisions applicable to the appropriations of entire agencies or group of agencies. Information is also provided on certain activities whose transactions are not
part of the budget totals.
BUDGET INFORMATION AVAILABLE ONLINE
The President’s Budget and supporting materials are available online at https://whitehouse.gov/
omb/budget/. This link includes electronic versions
of all the budget volumes, supplemental materials
that are part of the Analytical Perspectives volume,
spreadsheets of many of the budget tables, and a
public use budget database. This link also includes
Historical Tables that provide data on budget receipts, outlays, surpluses or deficits, Federal debt,
and Federal employment over an extended time period, generally from 1940 or earlier to 2028. Also
available are links to documents and materials from
budgets of prior years.
For more information on access to electronic versions of the budget documents, call (202) 512-1530
in the D.C. area or toll-free (888) 293-6498. To purchase the printed documents call (202) 512-1800.

Table of Contents
The Budget Message of the President ……………………………………………………………………………………1
Delivering Results for the American People …………………………………………………………………………5
Growing the Economy from the Bottom Up and Middle Out ……………………………………………..17
Ensuring an Equitable, Effective, and Accountable Government that
Delivers Results for All …………………………………………………………………………………………………49
Department of Agriculture …………………………………………………………………………………………………..55
Department of Commerce …………………………………………………………………………………………………….59
Department of Defense …………………………………………………………………………………………………………63
Department of Education …………………………………………………………………………………………………….67
Department of Energy ………………………………………………………………………………………………………….71
Department of Health and Human Services ……………………………………………………………………….75
Department of Homeland Security ………………………………………………………………………………………83
Department of Housing and Urban Development ………………………………………………………………87
Department of the Interior …………………………………………………………………………………………………..91
Department of Justice ………………………………………………………………………………………………………….95
Department of Labor …………………………………………………………………………………………………………….99
Department of State and Other International Programs …………………………………………………103
Department of Transportation …………………………………………………………………………………………..109
Department of the Treasury ……………………………………………………………………………………………….113
Department of Veterans Affairs ………………………………………………………………………………………….115
Corps of Engineers—Civil Works ……………………………………………………………………………………….119
Environmental Protection Agency …………………………………………………………………………………….121
National Aeronautics and Space Administration ……………………………………………………………..125
National Science Foundation ……………………………………………………………………………………………..127
Small Business Administration ………………………………………………………………………………………….129
Social Security Administration ………………………………………………………………………………………….131
Summary Tables ………………………………………………………………………………………………………………….133
OMB Contributors to the 2024 Budget ……………………………………………………………………………….171

THE BUDGET MESSAGE OF THE PRESIDENT
To the Congress of the United States:
When I took office 2 years ago, COVID-19 was raging and our economy was reeling. Millions
of workers had lost their jobs, hundreds of thousands of businesses closed, supply chains were
snarled, and schools were still shuttered. Families across the Nation were feeling real pain.
But today, 230 million Americans have been vaccinated. We have created a record 12 million
jobs, and unemployment is at a more than 50-year low, with near-record lows for Black and
Latino workers and women. Wages are rising, inflation is slowing, manufacturing is booming,
and our economy is growing. More Americans have health insurance than ever before, and a
record 10 million Americans have applied to start a small business—each application an act of
hope. Our economic plan for the Nation is working, and American families are starting to have
a little more breathing room.
I ran for President to rebuild our economy from the bottom up and middle out, not from the
top down—because when the middle class does well, the poor have a ladder up and the wealthy
still do well. We all do well. For too long, though, the backbone of America, the middle class,
has been hollowed out. Too many American jobs were shipped overseas. Unions were weakened. Once-thriving cities and towns have become shadows of what they were. My economic
vision is about investing in those places and people who have been forgotten. That is what we
have done in these historic past 2 years.
Together, the Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction
Act are among the most significant public investments in our Nation’s history, expected to draw
more than $3.5 trillion in public and private funding for infrastructure and industries of the
future—including clean energy. It is simple: you cannot be the number one economy in the
world unless you have the best infrastructure in the world. So we are finally rebuilding our
roads, bridges, railways, ports, airports, water systems, and more to keep our people safe, our
goods moving, and our economy growing. We have already announced over 20,000 projects and
awards, creating tens of thousands of good-paying union jobs while requiring that all construction materials are made in America. Americans everywhere can take pride in seeing shovels
in the ground for that work.
Meanwhile, the CHIPS and Science Act is making sure America once again leads the world
in developing and manufacturing the semiconductors that power everything from cellphones to
cars. The United States invented those chips, and it is time that we make them at home again
so our economy never again relies on chips manufactured abroad. Private companies have
already pledged $300 billion in new investments in American manufacturing, many thanks
to this law, and they are breaking ground on facilities that will employ tens of thousands of
Americans with good jobs and breathe new life into communities across the United States.
At the same time, we are taking on powerful special interests to cut costs for working families—for example, lowering healthcare and prescription drug costs by extending Affordable Care
Act subsidies and capping insulin prices and out-of-pocket drug costs for seniors on Medicare.
The Inflation Reduction Act also gives Medicare the power to negotiate drug prices, lowering
prices for Americans and saving taxpayers billions of dollars a year. It makes the world’s most
2 The Budget Message of the President
significant investment in fighting the existential threat of climate change—lowering families’
utility bills, building cleaner and more resilient water systems, investing in rural communities,
and leading the world to a clean energy economy.
Throughout, we have delivered on our commitment to fiscal responsibility, cutting the deficit by more than $1.7 trillion in the first 2 years of my Administration—the largest reduction
in American history. I have signed into law additional deficit reduction by finally making the
wealthy and corporations pay their fair share, including with a new 15 percent minimum tax
on billion-dollar corporations, many of which had been paying zero in taxes. We have also stood
firm in our commitment to not raise taxes on anyone earning less than $400,000 a year.
Now, it is time to finish the job, building on the ambitious progress we have made with new
investments in America’s future. My 2024 Budget is a blue-collar blueprint to rebuild America
in a fiscally responsible way that leaves no one behind. The Budget continues lowering costs for
families—with new measures to expand health coverage, cap prescription drug costs, invest in
quality child care, build affordable housing, reduce home energy bills, make college more affordable, and more. This Budget protects and strengthens Social Security and Medicare—lifelines
that tens of millions of seniors have paid into their whole lives with every paycheck so they can
retire with dignity. It rejects any cuts to these programs, extends the solvency of the Medicare
Trust Fund by at least 25 years, and invests in service delivery so that seniors and people
with disabilities can access the benefits they have earned. This Budget also keeps growing our
economy by investing in the foundation of its strength: the American people. That means helping families by providing paid family and medical leave and restoring the full Child Tax Credit,
which cut child poverty in half in 2021 to the lowest level in history. It means expanding small
business loans; standing up for workers and their fundamental right to organize; investing in
science and innovation; expanding access to preschool; and improving pathways to community
college, career-connected high schools, and other high-quality job training. It also means working hard to make our communities safer, expanding access to mental healthcare, ending cancer
as we know it, and much more.
In addition, this Budget cements our commitment to confronting global challenges and keeping America safe. It outlines crucial investments to out-compete China globally and to continue
support for Ukraine in the face of unprovoked Russian aggression. It also continues our work to
restore America’s global leadership—reviving key alliances and partnerships, strengthening our
military, fostering democracy and human rights, protecting global health, honoring our veterans,
fixing our immigration system at home, and advancing cybersecurity through implementation of
the National Cybersecurity Strategy I just signed.
Importantly, my Budget does all of this while lowering deficits by nearly $3 trillion over the
next decade. We more than fully pay for these investments in our future by asking the wealthy
and big corporations to pay their fair share. We propose a billionaire minimum tax, requiring
the wealthiest Americans to pay at least 25 percent on all of their income, including appreciated assets—because no billionaire should ever pay a lower tax rate than a school teacher or
a firefighter. This Budget also proposes quadrupling the tax on corporate stock buybacks, so
companies invest more in production to improve quality and lower prices, and less in buybacks
that only benefit shareholders and CEOs. This Budget closes tax loopholes for the wealthy and
cracks down on tax cheats, and it once again ensures that no one earning less than $400,000 a
year will pay a penny more in new taxes, period.
Today, our Nation is at an inflection point that will determine our future for decades to come.,..CONT…

AGAIN: READ THE WHOLE BUDGET OR CHOOSE YOUR INTERESTS FROM THE TABLE OF CONTENTS, FOR THE “TRUTH, THE WHOLE TRUTH, AND NOTHING BUT THE TRUTH, SO HELP “THE PRESIDENT/YOU/”U.S.” GOD”!!!

March 9, 2023President Biden’s Investing in AmericaToday, President Biden released a budget outlining his vision to build on the work this Administration has done to make a real difference in people’s lives – investing in America, lowering costs for families, protecting and strengthening Social Security and Medicare, reducing the deficit, and more.Full Fiscal Year 2024 Budget of the U.S. GovernmentPresident Biden has long believed that we need to grow the economy from the bottom up and middle out, not the top down. Over the past two years, in the face of significant challenges, that economic strategy has produced historic progress for the American people. Under the President’s leadership, the economy has added more than 12 million jobs—more jobs in two years than any president has created in a four-year term—including 800,000 manufacturing jobs. The unemployment rate has fallen to 3.4 percent, the lowest in 54 years. The Black and Hispanic unemployment rates are near record lows. The past two years were the best two years for new small business applications on record. The President has taken action to lower costs and give families more breathing room, including cutting prescription drug costs, health insurance premiums, and energy bills, while driving the uninsured rate to historic lows. And the President’s plan is rebuilding America’s infrastructure, making the economy more competitive, investing in American innovation and industries that will define the future, and fueling a manufacturing boom that is strengthening parts of the country that have long been left behind while creating good jobs for workers, including those without college degrees. The President has done all of this while delivering on his commitment to fiscal responsibility. While the previous Administration passed a nearly $2 trillion unpaid-for tax cut with benefits skewed to the wealthy and big corporations while dramatically increasing the deficit, President Biden cut the deficit by more than $1.7 trillion during his first two years in office—the largest decline in American history. And the reforms he signed into law to take on Big Pharma, lower prescription drug costs, and make the wealthy and large corporations pay their fair share will reduce the deficit by hundreds of billions of dollars more over the coming decade. The President’s Budget details a blueprint to build on this progress, deliver on the agenda he laid out in his State of the Union, and finish the job: continuing to grow the economy from the bottom up and middle out by investing in America, lowering costs for families, protecting and strengthening Medicare and Social Security, and reducing the deficit by nearly $3 trillion over the next decade by making the wealthy and big corporations pay their fair share and cutting wasteful spending on Big Pharma, Big Oil, and other special interests. No one earning less than $400,000 per year will pay a penny in new taxes.Briefing on President Biden’s FY24 Budget Proposal