Number: RS20855
Title: Foreign Policy Budget for FY2002
Authors: Susan Epstein and Larry Nowels, Foreign Affairs, Defense, and Trade Division 
Abstract: The Bush Administration seeks a $23.85 billion foreign policy budget for FY2002, representing a nominal increase of 5.3 percent over FY2001 (2.3 percent in real terms when the effects of inflation are taken into account). Most of the additional resources are concentrated in a few areas, especially for State Department operations and a new regional Andean counternarcotics initiative. The budget further proposes to cut funding for the Export-Import Bank by 25 percent. This report analyzes the FY2002 international affairs funding submission, compares it with recently enacted foreign policy budgets, identifies major priorities and recommended reductions, and discusses potential congressional issues.
Pages: 6
Date: Updated April 12, 2001