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In 1995, the National Academy of Sciences, National Academy of Engineering, Institute of Medicine, and National Research Council issued a report entitled Allocating Federal Funds for Science and Technology, which recommended tracking federal investments in the creation of new knowledge and technologies—what the report referred to as the federal science and technology budget (FS&T). The Academies’ Committee on Science, Engineering, and Public Policy (COSEPUP) has issued four reports in an annual series tracking the President’s proposed FS&T budget and commenting on its potential impacts on our ability to meet national goals and sustain global leadership in science and engineering. | NATIONAL ACADEMY OF SCIENCES NATIONAL ACADEMY OF ENGINEERING INSTITUTE OF MEDICINE Of rut MA ONAl ACAOW. OBSERVATIONS ON THE PRESIDENT S FISCAL YEAR OBSERVATIONS ON THE PRESIDENT S FISCAL YEAR 2003 FEDERAL science AND technology Budget Committee on the FY 2003 Federal Science and Technology Budget Committee on Science Engineering and Public Policy NATIONAL ACADEMY OF SCIENCES I NATIONAL ACADEMY OF ENGINEERING INSTITUTE OF MEDICINE OF THE NATIONAL ACADEMIES THE NATIONAL ACADEMIES PRESS Washington D.c. www.nap.edu THE NATIONAL ACADEMIES PRESS 500 Fifth Street N.W. Washington DC 20001 NOTICE The project that is the subject of this report was approved by the Governing Board of the National Research Council whose members are drawn from the councils of the National Academy of Sciences the National Academy of Engineering and the Institute of Medicine. The members of the committee responsible for the report were chosen for their special competences and with regard for appropriate balance. The National Research Council supported this study. It was prepared by Committee on the FY 2003 Federal Science and Technology Budget under the aegis of the Committee on Science Engineering and Public Policy COSEPUP . COSEPUP is a joint committee of NAS NAE and IOM. It includes members of the councils of all three bodies. Any opinions findings conclusions or recommendations expressed in this publication are those of the author s and do not necessarily reflect the views of the organizations or agencies that provided support for the project. International Standard Book Number 0-309-08538-1 This report is available on COSEPUP s World Wide Web site at http www7.nationalacademies.org cosepup Additional copies of this report are available from the National Academies Press 500 Fifth Street N.W. Lockbox 285 Washington DC 20055 800 624-6242 or 202 334-3313 in the Washington metropolitan area Internet http www.nap.edu Copyright 2002 by the National Academy of Sciences. All rights reserved. Printed