President Biden on Friday proposed a $1.5 trillion annual budget for fiscal 2022, $118 billion higher than the regular 2020 appropriations, featuring a significant 16 percent boost in nondefense spending.
The $769 billion nondefense budget, which covers government departments such as Transportation, Health and Human Services, Justice and Education, is a $105.7 billion increase from the current level.
Administration officials, who say that the government has underinvested in domestic spending for years, noted that it would be roughly in line with the 30-year nondefense average of 3.3 percent of gross domestic product. Continue reading.