State, Foreign Operations, and Related Programs: FY2013 Budget and Appropriations [July 23, 2012] [open pdf - 658KB]
"The 112th Congress is considering FY2013 international affairs funding within the context of the Budget Control Act (P.L. 112-25) that established discretionary spending limits for FY2012- FY2021 and contains automatic budget reductions (sequestration) on discretionary spending to begin on January 2, 2013. International affairs expenditures typically amount to about 1.5% of the total federal budget. While some foreign policy and defense experts view that share as a small price to pay for a robust foreign affairs budget that they believe is essential to meeting national security and foreign policy objectives, others see international affairs spending, particularly foreign aid, as an attractive target for significant spending cuts in order to reduce deficit spending. Many expect a delay in passing the FY2013 foreign affairs budget and most of the other appropriations bills until after the November 2012 elections (two months into the new fiscal year), which may have more to do with election year politics, however, than lawmakers' differing views on foreign affairs spending. […] This report analyzes the FY2013 request and congressional action related to FY2013 State-Foreign Operations legislation. Updates will occur to reflect congressional actions."
CRS Report for Congress, R42621