Budget Results for Fiscal Year 2023

Secretary of the Treasury Janet Yellen and Office of Management and Budget (OMB) Director Shalanda Young released the final budget results for fiscal year (FY) 2023. Outlays for the Federal Communications Commission were $17.9 billion, $2.3 billion lower than the Mid-Session Review estimate. This is mainly due to lower-than-anticipated outlays for the Affordable Connectivity Program (ACP) and the Emergency Connectivity Fund for Educational Connections and Devices (ECF). Also, Universal Service Fund outlays were $498 million higher than anticipated.