Proposed investments will advance commitments to Tribal Nations, climate resilience, clean energy, conservation, environmental justice and American jobs
Date: Thursday, March 9, 2023
WASHINGTON — The Biden-Harris administration today released the President’s Budget for Fiscal Year 2024. The Budget details a blueprint to grow the economy from the bottom up and middle out, lower costs for families, protect and strengthen Medicare and Social Security, and reduce the deficit by ensuring the wealthy and big corporations pay their fair share—all while ensuring no one making less than $400,000 per year pays more in taxes.
“President Biden’s proposed budget builds on the historic investments from the Bipartisan Infrastructure Law and the Inflation Reduction Act to bolster our nation’s economy – generating jobs and supporting local and Tribal communities, building resilience to our changing climate, and managing important natural resources,” said Secretary Deb Haaland. “At the Department, we will continue to implement our mission through a process that values close collaboration between federal, state, Tribal and local partners, with an eye toward historically marginalized and underrepresented communities that must never again feel left behind.”
The Department of the Interior’s 2024 budget totals $18.9 billion, an increase of $2 billion, or 12%, over the FY 2023 enacted budget. It makes critical, targeted investments in the American people that will promote greater prosperity and economic growth for decades to come.
At the Department, the budget will:
Address climate challenges and build resilience: The FY 2024 budget recognizes the Department’s important role in the Administration’s all-of-government approach to tackling climate change and building long-term resilience. The proposal continues investments to face the immediate challenges of the climate and biodiversity crises, while laying the foundation to build America’s resilience, promote economic growth, and create good paying jobs. As part of the President’s Justice40 initiative, the budget calls for 40% of the benefits of certain federal investments to be directed to disadvantaged communities.
Create jobs while continuing to move clean energy forward: The time to act on climate is now. Renewable energy — including solar, onshore and offshore wind, geothermal, and wave and tidal energy projects — will lower costs for families, help communities across the country be part of the climate solution, and create good-paying union jobs. The demand for renewable energy has never been greater. The technological advances, increased interest, cost effectiveness, and tremendous economic potential make these projects a promising path for diversifying our national energy portfolio. The FY 2024 budget includes increases in offshore and onshore renewable programs to build upon and continue support for the exponential growth accomplished by these programs in the past year.
Strengthen Tribal Nations: The FY 2024 budget proposal affirms this Administration’s steadfast commitment to honor our nation’s Tribal trust responsibilities and strengthen government-to-government relationships. In addition to valuable investments in Tribal communities, the budget proposal funds several key initiatives of Secretary Haaland’s, including addressing the legacy of the federal Indian boarding schools, Native language revitalization, and coordinating federal efforts to address the Missing and Murdered Indigenous Peoples crisis. Additional investments include:
Building on the President’s strong record of fiscal responsibility, the Budget more than fully pays for its investments—reducing deficits by nearly $3 trillion over the next decade by asking the wealthy and big corporations to pay their fair share.
For more information on the President’s FY 2024 Budget, please visit: https://www.whitehouse.gov/omb/budget/.
For more information on the FY 2024 budget proposals for the Department, please visit: please visit: www.doi.gov/cj.