This Notice provides guidance about the NIH Fiscal Operations for the remainder of FY 2013 in light of the Consolidated and Further Continuing Appropriations Act, 2013 (P.L. 113-6), signed by President Obama on March 26, 2013, and the sequestration provisions of the Balanced Budget and Emergency Deficit Control Act, as amended, 2 U.S.C. § 901a.
Now that the Congress and the Administration have weighed in, the NCI has learned that our budget for the current year will be approximately $4.78 billion, $293 million less than in FY2012, a reduction of 5.8%.
To the extent that your grants, contracts, or cooperative agreement are affected due to these budget cuts, you will be contacted by the appropriate Officer with additional details.
As a result of this expected sequestration order, the FY2013 appropriations of the NSF will be reduced by 5 percent.
Unless Congress acts to amend current law, the President is required to issue a sequestration order on March 1, 2013, canceling $85 billion in budgetary resources across the Federal Government.
“Cutting these investments in our future is not the way to solve our nation’s deficit problem. Such cuts would undermine economic growth that is essential to deficit reduction..."