NIH on track to spend full budget by Sept. 30
The National Institutes of Health is on pace to spend its full $47 billion budget by Sept. 30, the end of the federal fiscal year, after accelerating grant awards in August.
The agency awarded more than $8 billion in grants last month, following delays earlier in the year tied to the grant review process, disputes over indirect cost caps and staffing cuts at the Department of Health and Human Services.
As of last week, NIH had awarded $31.2 billion in new and continuing grants, about $100 million more than the average awarded by this point each year from 2016 to 2024, according to an analysis.
“We’re essentially right on pace,” NIH Principal Deputy Director Matthew Memoli told advisers Thursday, adding that the agency was about 3% behind last year at this time.