Skip to main content
Contract Spending Decreased
10 Dec 2012

Contract Spending Decreased

The Washington Post reported that the Obama administration cut contract spending by more than $20 billion during fiscal 2012, largely by increasing coordination between agencies – buying together instead of independently. Contracts accounted for about 14% of all federal government spending during the past cycle, representing the lowest level since 2003.  Federal contract spending for FY12 was 6% below the FY09 level, representing a rare drop between the start and the end of a presidential term. The Defense Department accounted for slightly more than half of the reduction, trimming about $13 billion (attributed to a decrease in war spending) compared with the previous year. All other agencies cut about $11 billion combine

Related Posts

Washington Report April 20, 2018

Loyalty ... NAFTA ... Mitch ... Nikki ... Neil ... Pruitt ... Capt. Tammie Jo...

Washington Report March 18, 2016

WHO IS MERRICK GARLAND? ... BUDGET MELTDOWN ... TRUMP K-O, CLINTON SWEEP ... BERNIE HIJACKS...

Races to Watch: Down to the Wire

                             ...