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You are here: Home / Government Contracting News / Fed spending on service contracts drops by $48 billion since 2009

September 11, 2013 By AMK

Fed spending on service contracts drops by $48 billion since 2009

Measured government spending on service contracts fell $48 billion in fiscal  2012 compared to its peak in 2009, a Sept. 3 Center for Strategic and  International Studies report says.

Total services contract obligation dropped to $308 billion from $356 billion  in 2009, the report says. All dollars are inflation adjust for fiscal 2012.

Every agency CSIS looked at reduced its service contracts, except the Health  and Human Services Department, which reported a slight growth.

The Defense Department controlled the majority of federal services contract  obligations, growing from a total of $94.6 billion in 2000 — 57 percent of the  share — to $219.5 billion in 2009–62 percent of the share, the report says.

But from 2009 to 2012 Defense Department service contracts declined 5.2  percent, to $187 billion.

Keep reading this article at: http://www.fiercegovernment.com/story/fed-spending-service-contracts-drops-48-billion-2009-csis-report-says/2013-09-09?utm_medium=nl&utm_source=internal

Filed Under: Government Contracting News Tagged With: budget cuts, DoD, FPDS, GSA, HHS, medical services, R&D, research, service contracts, spending, transparency

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