Dear RESULTS Austin Friends-
I'm writing to share two very positive updates about US contributions to the Global Fund.
As many of you know, last month after a series of stopgap measures Congress finalized the US FY13 budget. The budget measure included full funding for the Global Fund, $1.65 billion. In a very difficult budget in which many programs were flat-funded from FY12, Congress included an "anomaly" to increase global health spending, and our Global Fund contribution in particular. This FY13 funding level fulfills the Obama Administration's 3-year $4 billion pledge to the Global Fund. If across the board cuts (known as "sequestration") remain in effect, the actual amount appropriated would be $1.5675 billion. Even in that scenario, this is a significant increase over FY12, and the Administration may have some flexibility to make up the difference.
We also have great news about the President's FY14 budget proposal released today, which protects Global Fund funding and maintains a $1.65 billion contribution. This was far from a guaranteed outcome, and the product of very intense lobbying.
The FY14 request of $1.65 billion sets us up well to ask for a three year (FY14-16), $5 billion US pledge to the Global Fund at the replenishment conference this fall. $5 billion would be 1/3 of the Global Fund’s $15 billion target.
The combination of these two budget decisions is really quite extraordinary. The most fiscally conservative Congress in recent political history approved a huge increase to the Global Fund, and the President chose to protect that funding going forward in a very constrained budget.
