The Defense Department has cut contracting dollars by 16 percent in 2013 from the prior year as a result of sequestration, according to a recent report by the Center for Strategic and International Studies.
DoD’s budget was cut by about 8 percent in 2013, from 2012, and spending on procurement took the brunt of the hit, the Oct. 15 report says.
As a share of total gross defense outlays, Defense-funded contract obligations in 2013 have declined from 53 percent to 49 percent, which is the lowest share since 2002, the report says.
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