Energy Dept. Funding Up 43.2% in Last Decade

February 26, 2013 - 4:31 PM

Energy Dep’t Funding Up 43.2% in Last Decade

(CNSNews.com) – Funding for the Department of Energy  increased 43.2 percent from 2002 through 2012, according to calculations based on Treasury Department data.

In fiscal year 2002 (Oct. 1, 2001 – Sept. 30, 2002), outlays for the Energy Department were $17,772,000,000, according to the Final Monthly Treasury Statement for fiscal year 2002. Adjusted for inflation, that would be $22,681,180,000 in 2012 dollars, according to the Bureau of Labor Statistics inflation calculator.

For fiscal year 2012 (Oct. 1, 2011 – Sept. 30, 2012), outlays for the Energy Department were $32,485,000,000, according to the Final Monthly Treasury Statement last September. That’s an increase of 43.2 percent for the last decade in real inflation-adjusted dollars.

Fiscal year 2008 outlays were $21,404,000,000 for the Energy Department. Adjusted for inflation that’s $22,824,720,000. That’s a 6.6 percent increase in the last four years for real inflation-adjusted dollars.