Grants:Regions/Budget/2023-24
Fiscal Year 2023–2024
editIn September 2023, we shared that the budget for funding programs had significantly increased in 2021–22 to support the new grants strategy and focus on underrepresented communities. Following this significant increase, this fiscal year 2023–2024 funding budget has stabilized at US $14,440,000 for the General Support Fund and Rapid Fund programs.
For fiscal year 2023 (July 2023 – June 2024), funding increased in all regions with a greater focus on underrepresented regions in order to promote equitable resource allocation. Each region was allocated a budget percentage increase for this fiscal year, determined based on anticipated requests and regional inflation, as follows:
| Funding region | Actual funds distributed in FY 2022–23 | Percentage of increase | Projected budget in FY 2023-24 |
|---|---|---|---|
| Central & Eastern Europe & Central Asia | $1,161,255 | 9% | $1,260,000 |
| East, Southeast Asia, & Pacific | $1,356,033 | 14% | $1,540,000 |
| Latin America & Caribbean | $2,181,172 | 14% | $2,480,000 |
| Sub-Saharan Africa | $1,913,452 | 13% | $2,160,000 |
| Middle East & North Africa | $187,331 | 23% | $230,000 |
| South Asia | $321,927 | 24% | $400,000 |
| North America | $2,209,738 | 6% | $2,340,000 |
| Northern & Western Europe | $3,805,159 | 6% | $4,030,000 |
| TOTAL | $13,136,067 | 10% | $14,440,000 |
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