NCUA’s staff draft budget for 2023–2024 is now available on the agency’s website for review and comment. The staff draft budget has also been submitted for publication in the Federal Register, and the comment period is open until Oct. 28.
The proposed combined 2023 staff draft budget is $367.0 million, or 8.1% higher than the 2022 budget. The proposed operating budget is $350.8 million, which is 9.6% higher than in 2022.
The proposed 2023 capital budget is $11.2 million, or 14.1% lower than in 2022. The proposed Share Insurance Fund administrative budget is $4.9 million, or 21.5% than in 2022.
The proposed budget summary and detailed budget justifications can be found on the Budget and Supplementary Materials page on NCUA.gov.
The agency will hold a public budget briefing at its Central Office on Wednesday, October 19, 2022, beginning at 10 a.m. Eastern. The meeting will be livestreamed on NCUA.gov.
To Comment on the Proposed Budget:
The Board will consider a final budget at an open meeting later this year.