February 2, 2010 -- The Obama administration is proposing to increase funding for the U.S. Food and Drug Administration (FDA) by 23% in fiscal 2011 as part of the agency's effort to "transform" the way it regulates food and medical products.
The administration is proposing a total FDA budget of $4.03 billion, compared with the agency's current $3.28 billion budget for fiscal 2010. The 2011 budget request includes an increase of $146 million in budget authority and $601 million industry user fees.
The FDA said that the higher request represents the FDA's intention to address four key initiatives:
Copyright © 2010 AuntMinnie.com