In the 2027 fiscal year, NASA is facing a budget reduction to $18.8 billion, a 23% decrease from the previous year's approved budget. This decrease will impact funding for scientific research, the International Space Station (ISS), and advancements in space technologies.

Conversely, there is a planned $8.5 billion increase in funding for lunar exploration, indicating a shift in NASA's priorities towards furthering exploration efforts on the moon.