government spending

Government Spending Report Reveals New Statistics

A government spending report by the Government Accountability Office showed that professional services were the top service procured by government agencies from 2011 to 2015. The top good purchased by the federal government during that time period was aerospace and structural components for defense agencies.

Health and Human Services, Homeland Security, Justice, State, Commerce, and Transportation, as well as the U.S. Agency for International Development, General Services Administration, and NASA were the top non-military discretionary spending agencies within the federal government for the same time period. Those agencies spent $136 billion on services and $40 billion on products in 2011 and $127 billion on services and $36 billion in products in 2015. The declines can be partially attributed to sequestration.

The military saw the largest decline in procurement spending overall. In particular the Air Force, Army and Navy saw significant declines. Between 2011 and 2015, discretionary spending declined from $211 billion in services and $186 billion in goods to $144 billion in services and $129 billion in goods.

Competitive contracts increased from 75.8 percent to 79.4 percent for non-military agencies and declined from 58.4 percent to 55.4 percent for military agencies.

Overall, the government spending report concluded that efforts by Congress to reduce fraud and waste resulted in $430 billion in savings for the federal government in 2015.

Source

KDuncan & Company is dedicated to providing knowledge and support for small government contractors about concerns regarding government contracting. For questions on areas such as as cost proposals, accounting systems, DCAA compliance, and incurred cost audits, reach out to KDuncan & Company.

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