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Worsening Outlook for 2013 FDA Budget: Estimate of Budget Reductions Grows
The FDA will likely see its budget reduced by $294 million if across-the-board cuts to federal programs go into effect on Jan. 2, 2013, as currently planned; the cuts are needed to comply with a congressional mandate to reduce the federal deficit. The FDA is planning for a budget reduction of roughly 8 percent. Initially, industry observers had thought the FDA reduction would total about $200 million, reflecting reductions to just the $2.5 billion taxpayer-funded portion of the FDA budget.
Devices & Diagnostics Letter |
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