President Bush's fiscal year 2005 budget request for the Export-Import Bank of the United States (Ex-Im Bank), which the Administration released as part of its annual budget submission yesterday, would fully fund Ex-Im Bank's programmes, supporting up to US$16.3 billion in US exports.
Under the president's request, Ex-Im Bank's programme budget would be funded at US$471.4 million, which would include US$125.7 million in new appropriations, an estimated US$300.7 million in carryover funds from prior fiscal years, and a projected US$45 million from cancelled authorisations that the bank had previously approved. In addition, the budget includes a US$73.2 million appropriation request to fund the Bank's administrative budget.
