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You are here: Home / Government Contracting News / Contract spending data will be critical to modernizing government

May 5, 2017 By AMK

Contract spending data will be critical to modernizing government

If federal agencies don’t make their spending data public in the next several days, they will miss a critical milestone outlined in the 2014 Digital Accountability and Transparency Act.

The DATA Act requires agencies to provide standardized financial data to the Treasury Department by May 9. Treasury and the Office of Management and Budget are overseeing the implementation, which will result in searchable data on USAspending.gov.

According to various inspector general audits from last year, at least three agencies are not on track to meet that deadline, and another 12 have not made it clear whether they will. But financial transparency is still a priority for President Donald Trump’s administration, Matt Lira, special assistant to the president for innovation policy and initiatives, told an audience in Washington last week.

Keep reading this article at: http://www.nextgov.com/big-data/2017/04/trump-aide-signals-spending-data-will-be-critical-modernizing-government/137408

Filed Under: Government Contracting News Tagged With: DATA Act, Digital Accountability and Transparency Act, efficiency, GAO, OMB, transparency, Treasury Dept., USASpending

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