"The National Institutes of Health now appears on track to spend its full $47 billion budget by Sept. 30, the end of the federal fiscal year, STAT News reported Friday. That reflects "a frenzy of grantmaking activity during August," worth more than $8 billion, STAT noted; the agency was far behind on awarding grants going into the summer, due to delays in the grant review process,"
"However, STAT's analysis showed that while the value of the grants awarded is roughly the same, the NIH is funding many fewer new projects this year than in the past. That's because earlier this year the White House Office of Management and Budget mandated a shift in the way the agency distributes research dollars to a multiyear model, meaning that at least half of all new projects will be funded up front for multiple years rather than receive a new tranche of funding each year."
The NIH now appears on track to spend its full $47 billion budget by Sept. 30 after a surge of more than $8 billion in grantmaking during August. As of last week the agency had awarded $31.2 billion in new and continuing grants, about $100 million more than the average by that point between 2016 and 2024. NIH principal deputy director Matthew Memoli estimated the agency was about 3 percent behind last year. The agency is funding fewer new projects because the White House Office of Management and Budget mandated a shift to multiyear funding, with at least half of new projects funded up front for multiple years.
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