- President Joe Biden’s 2023 budget includes $14.8 billion for Social Security, a 14% increase from 2021.
- Much of the bump would go to help the federal agency improve its services at a time when it has been challenged by the ongoing Covid-19 pandemic.
- Some groups had hoped to see more in the president’s proposal, particularly with regard to Congressional efforts to improve benefits or helping to resolve the program’s solvency issues.
President Joe Biden’s proposed budget for 2023 aims to give the Social Security Administration more funding to improve services.
Some groups say the increase doesn’t go far enough.
Biden wants to ramp up discretionary funding for the Social Security Administration in his proposed 2023 budget by $1.8 billion, for a total of $14.8 billion. That’s about a 14% increase from funding levels enacted in 2021 for the government agency, which administers retirement, disability and survivor benefits for about 70 million Americans.
Under the proposed $14.8 billion budget, $1.6 billion more (also a 14% increase over 2021) would go toward improving the agency’s services, while efforts to protect the program’s integrity would get $224 million more than in 2021.
Biden also sought more money for Social Security last year, having proposed a 9.7% increase, or $14.2 billion total, for 2022, to help improve customer service amid the ongoing Covid-19 pandemic.