President Requests $3.4 Billion for NSF in FY 1998
Increase cites "emerging opportunities"
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The National Science Foundation (NSF) today announced the outline for the President's fiscal year 1998 budget request to provide the agency with $3.367 billion, a three percent rise over the current year's estimate.
NSF's increase focuses on a number of emerging areas of science and engineering, including research in knowledge and distributed intelligence (KDI) and new areas of research on life and the earth's environment. The new budget plan for 1998 also defines greater emphasis on innovative education programs, especially those which link learning with discovery.
"This request demonstrates the value that the Administration places on fundamental research as an investment in the nation's future," Neal Lane, NSF Director said. "There are a number of key areas driving national growth and opportunity as we near a new century. Top economists estimate that advances in science and technology account for half of all real economic growth in the United States; so it's clear that fundamental research holds the key to exploiting scientific potential and to bringing economic success to America."
NSF's FY98 budget request includes a 3.4% increase planned in overall research and related activities, and a 6.3% rise in funding for major research equipment. Some of the highlights and priority areas include:
Funding for the Research Experiences for Undergraduates (REU) program will be increased by 11 percent in FY 98 compared to the FY 97 estimate.
Also, a new Integrative Graduate Education and Research Training (IGERT) program, funded at $20 million, will provide new opportunities for multidisciplinary research and educational training opportunities for graduate students in science and engineering.
"Success stories abound, and they're all traced back to investments in people and ideas, the very heart of NSF's mission in fundamental research and education in science and engineering," Lane said.
The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering. In fiscal year (FY) 2017, its budget is $7.5 billion. NSF funds reach all 50 states through grants to nearly 2,000 colleges, universities and other institutions. Each year, NSF receives more than 48,000 competitive proposals for funding and makes about 12,000 new funding awards.
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