This post is by Carmen Ang from Visual Capitalist
Visualizing Biden’s Budget Proposal for 2022
On April 9th, President Joe Biden released his first budget proposal plan for the 2022 fiscal year.
The $1.52 trillion discretionary budget proposes boosts in funding that would help combat climate change, support disease control, and subsidize social programs.
This graphic outlines some key takeaways from Biden’s budget proposal plan and highlights how funds could be allocated in the next fiscal year.
U.S. Federal Budget 101
Before diving into the proposal’s key takeaways, it’s worth taking a step back to cover the basics around the U.S. federal budget process, for those who aren’t familiar.
Each year, the president of the U.S. is required to present a federal budget proposal to Congress. It’s usually submitted each February, but this year’s proposal has been delayed due to alleged issues with the previous administration during the handover of office.
Biden’s publicized budget only includes discretionary spending for now—a full budget that includes mandatory spending is expected to be released in the next few months.
Key Takeaways From Biden’s Budget Proposal
Overall, Biden’s proposed budget would increase funds for a majority of cabinet departments. This is a drastic pivot from last year’s proposal, which was focused on budget cuts.
Here’s a look at some of the biggest departmental changes, and their proposed spending for 2022:
|Department||2022 Proposed Spending (Billions)||% Change from 2021|
|Health and Human Services||$131.7||24%|
|Environmental Protection Agency||$11.2||21%|
|Housing (Read more...)|