Archive Report
Archive Report
Rise of Federal Spending for Research
Quacrupling of Research Outlays in a Deasde
President kennedy has asked Congress to make funds available for expenditure of a record $12.3 billion on research and development programs in the fiscal year beginning next July 1. The budget and supporting statements transmitted to Congress on Jan. 18 showed that expenditures in the amount recommended would represent an increase of $2 billion over comparable estimated expenditures in fiscal 1962 and an increase of $3 billion over the total in fiscal 1961. Approval of the budget proposal will open the way to spending for research and development in the next fiscal year an amount that will be four times the outlay made for that purpose only a decade ago.
The huge expansion of ...