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Economic News, Data and Analysis

NSF Cut

From the does-anyone-think-this-is-a-good-idea? department.
The budget situation is beginning to bite. Scientific research and technological innovation are thought to be strong determinants of long-run economic growth. Hence, cutting the NSF is not a good idea.

NSF Budget Cut in Omnibus Appropriations Bill – Biweekly Updates from NCSE
In a disappointment to the scientific community, the National Science Foundation (NSF) budget would decline by $107 million or 1.9 percent to $5.47 billion in FY 2005. Under the omnibus appropriations bill, NSF’s Research and Related Activities (R&RA) account would receive $4.22 billion — a decrease of $32 million (0.8 percent) relative to the FY 2004 enacted level. The Education and Human Resources (EHR) account would be cut by 10 percent to $841 million.

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Filed under: Economics

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