An Overview of the Budget Proposal for the National Institute of Standards and Technology for Fiscal Year 2024 | NIST

The U.S. National Institute of Standards and Technology (NIST) has requested a $1.6 billion budget for Fiscal Year 2024 to support its mission of advancing American industrial competitiveness, innovation, and national security. This budget includes $358.5 million for new initiatives and facility improvements, as well as $41 million for inflation adjustments. The funding will help NIST modernize its measurement services, drive research in emerging technologies like quantum computing, artificial intelligence, and synthetic biology, and support efforts to mitigate climate change and strengthen supply chains.

A significant portion of the budget, $995 million, is allocated to Scientific and Technical Research Services, with increases in funding for areas such as critical and emerging technologies, cybersecurity, and climate research. NIST also plans to invest in upgrading its aging research facilities, with $262.1 million dedicated to construction and repairs. The budget emphasizes NIST’s role in developing standards and measurement tools that support U.S. economic growth, technological leadership, and public safety. With this funding, NIST aims to continue its legacy of innovation and ensure the U.S. remains a global leader in science and technology.

Source: https://www.nist.gov/speech-testimony/overview-budget-proposal-national-institute-standards-and-technology-fiscal-year

Keywords: quantum information science, superconducting nanowires, quantum ecosystem

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