FACT SHEET: President’s FY23 Budget Restores American Leadership and Confronts Global Threats
President Biden from day one has been committed to upholding our Nation’s sacred obligation to properly prepare and equip those we send in harm’s way, and ensuring our military has the resources it needs to meet 21st century challenges. The President’s FY23 Budget reflects that commitment by making one of the largest investments in national security in U.S. history. This will support continued security assistance to Ukraine, bolster our cybersecurity, and strengthen our military by ensuring we have the resources necessary to sustain deterrence and backstop our diplomacy, as well as fight and win the Nation’s wars if necessary. The Budget also renews our commitment to sustainable and inclusive development.
Importantly, the Budget will make these critical investments while cutting the deficit by more than $1 trillion over the next decade and ensuring that no one earning less than $400,000 a year will pay an additional penny in new taxes.
Confronting 21st Century Threats
The Budget invests in deepening and modernizing our alliances and partnerships, as we are stronger in managing challenges—whether in the form of China’s trade abuses, Russian aggression, or the worsening climate crisis—when we work in concert with those who share our values or interests. The investments will:
- Support United States’ European Allies and Partners. The Budget includes $6.9 billion for the European Deterrence Initiative, the North Atlantic Treaty Organization (NATO), and countering Russian aggression to support Ukraine, the United States’ strong partnerships with NATO allies, and other European partner states. This funding will enhance the capabilities and readiness of U.S. Forces, NATO allies, and regional partners in the face of Russian aggression. In addition, the Budget provides $682 million for Ukraine, an increase of $219 million above the 2021 enacted level, to counter Russian malign influence and to meet emerging needs related to security, energy, cybersecurity issues, disinformation, macroeconomic stabilization, and civil society resilience.
- Promote Integrated Deterrence in the Indo-Pacific and Globally. The Budget proposes $773 billion for the Department of Defense (DOD). To sustain and strengthen deterrence, the Budget prioritizes China as the Department’s pacing challenge. The 2023 Pacific Deterrence Initiative highlights some of the key investments that DOD is making that are focused on strengthening deterrence in the Indo-Pacific region. Also, DOD is building the concepts, capabilities, and posture necessary to meet these challenges, working in concert with the interagency and America’s allies and partners to ensure that deterrence is integrated across domains, theaters, and the spectrum of conflict.
- Defends Freedom Globally. To support American leadership in defending democracy, freedom, and security worldwide, the Budget includes nearly $1.8 billion to support a free and open, connected, secure, and resilient Indo- Pacific Region and the Indo-Pacific Strategy, and $400 million for the Countering the People’s Republic of China Malign Influence Fund.
- Supports Democracy Globally. In response to political fragility and increasing authoritarianism around the world, the Budget provides more than $3.2 billion to support global democracy, human rights, anti-corruption, and governance programming, consistent with the commitments made during the President’s Summit for Democracy. The Budget advances the Presidential Memorandum on Advancing the Human Rights of Lesbian, Gay, Bisexual, Transgender, Queer, and Intersex Persons around the World, the U.S. Strategy on Countering Corruption, and the Presidential Initiative on Democratic Renewal.
- Modernizes the Nuclear Deterrent. The Budget maintains a strong, credible nuclear deterrent, as a foundational aspect of integrated deterrence, for the security of the Nation and U.S. allies and partners. The Budget supports the U.S. nuclear triad and the necessary ongoing nuclear modernization programs, to include the nuclear command, control, and communication networks.
Marshalling American Leadership to Tackle Global Challenges
During what will be a decisive decade, the President’s Budget leverages America’s renewed strength at home to meet pressing global challenges. This includes investments that will:
- Renew America’s Leadership in International Institutions. The Budget continues the Administration’s efforts to lead through international organizations by meeting the Nation’s commitments to fully fund U.S. contributions and to pay United Nations peacekeeping dues on time and in full. The Budget also provides $1.4 billion for the World Bank’s International Development Association (IDA). This investment restores the United States’ historical role as the largest World Bank donor to support the development of low- and middle-income countries, which benefits the American people by increasing global stability, mitigating climate and health risks, and developing new markets for U.S exports. The U.S. contribution would also support the United States’ $3.5 billion pledge to the next IDA replenishment, a critical component of the global response to the devastating impacts of the COVID-19 pandemic on developing countries.
- Advance American Leadership in Global Health, Including Global Health Security and Pandemic Preparedness. The Budget includes $10.6 billion to bolster U.S. leadership in addressing global health and health security challenges, a $1.4 billion increase above the 2021 enacted level. Within this total, the Budget demonstrates U.S. leadership by supporting a $2 billion contribution to the Global Fund’s seventh replenishment, for an intended pledge of $6 billion over three years, to save lives and continue the fight against HIV/AIDS, tuberculosis, and malaria, and to support the Global Fund’s expanding response to the COVID-19 pandemic and global health strengthening. This total also includes $1 billion to prevent, prepare for, and respond to future infectious disease outbreaks, including the continued expansion of Global Health Security Agenda capacity-building programs and a multilateral financial intermediary fund for health security and pandemic preparedness. The Budget also invests in the global health workforce and systems to enhance countries’ abilities to provide core health services, improve health systems resiliency, and respond to crises while mitigating the impacts of crises on routine health services. In addition, the Budget includes $6.5 billion in mandatory funding for the Department of State and the U.S. Agency for International Development over five years to make transformative investments in pandemic and other biological threat preparedness globally in support of U.S. biodefense and pandemic preparedness strategies and plans. This pandemic preparedness funding would strengthen the global health workforce, support pandemic preparedness research and development (R&D), advance global R&D capacity, and support health security capacity and financing to prevent, detect, and respond to future COVID-19 variants and other infectious disease outbreaks.
- Advance Equity and Equality Globally. The Budget provides $2.6 billion to advance gender equity and equality across a broad range of sectors. This includes $200 million for the Gender Equity and Equality Action Fund to advance the economic security of women and girls. This total also includes funding to strengthen the participation of women in conflict prevention, resolution, and recovery through the implementation of the Women, Peace, and Security Act of 2017.
- Continue Collaborative U.S. Leadership in Central America and Haiti. As part of a comprehensive strategy to drive systemic reform while addressing the root causes of irregular migration from Central America to the United States, the Budget invests $987 million in the region to continue meeting the President’s four-year commitment of $4 billion. Further, in response to deteriorating conditions and widespread violence in Haiti, the Budget invests $275 million to strengthen Haiti’s recovery from political and economic shocks, such as strengthening the capacity of the Haitian National Police, combating corruption, strengthening the capacity of civil society, and support services for marginalized populations. These investments would ensure that the United States is able to revitalize partnerships that build economic resilience, democratic stability, and citizen security in the region.
- Advances the President’s Historic Climate Finance Pledge. The Budget includes over $11 billion in international climate ﬁnance, meeting the President’s pledge to quadruple international climate ﬁnance, a year early. This includes $5.3 billion in appropriations, including a $1.6 billion contribution to the Green Climate Fund, a critical multilateral tool for ﬁnancing climate adaptation and mitigation projects in developing countries. The U.S. international climate assistance and ﬁnancing would: accelerate the global energy transition to net zero emissions by 2050; help developing countries build resilience to the growing impacts of climate change, including through the President’s Emergency Plan for Adaptation and Resilience and other programs; and support the implementation of the President’s Plan to Conserve Global Forests–while increasing energy independence by decreasing reliance on producers of non-renewable resources.