WASHINGTON -- The National Institutes of Health released an updated projection of the cuts it must make to deal with spending reductions put in place by sequestration, and the picture isn't pretty.
While the National Cancer Institute received $5.06 billion in FY 2012, it is budgeted to receive only $4.77 billion in FY 2013. The National Institute of General Medical Sciences' budget will fall from $2.42 billion to $2.29 billion, meanwhile, and the National Center for Advancing Translational Sciences' budget will fall from $574 million to $542 million. Overall, the NIH's discretionary budget authority will go from $30.7 billion to $29 billion.
While the National Cancer Institute received $5.06 billion in FY 2012, it is budgeted to receive only $4.77 billion in FY 2013. The National Institute of General Medical Sciences' budget will fall from $2.42 billion to $2.29 billion, meanwhile, and the National Center for Advancing Translational Sciences' budget will fall from $574 million to $542 million. Overall, the NIH's discretionary budget authority will go from $30.7 billion to $29 billion.