discretionary spending | The Contracting Education Academy

January 26, 2021 By cs

Just what you’d guess: Federal discretionary spending is up

The government contracting industry is a complex marketplace.

No other industry is as dependent on the successes and failures of federal policy, regulation, and Congressional leadership.

Our ecosystem lives or dies by it. Elements of the sector ebb and flow depending not only on the needs wants, whims, and votes of American citizens but also the global stage, all of which command our ~$1 trillion competitive landscape pipelined through Federal discretionary spending.

Vendors enter into the fray with dollar signs in their eyes, and at a glance, they’re right to be excited about the potential. But those of us in-the-know understand working with the federal Government isn’t an opportunity to print money, and what is considered a steady investment still has its ups and downs.

Here’s an examination the state of federal discretionary spending (procurements and grants) over the last ten (10) … yes 10 … years, as we close out the decade not with a whisper – but with a boom.

Keep reading this article at: https://thepulsegovcon.com/article/a-decade-in-federal-discretionary-spending/

August 13, 2020 By cs

Annual government spending approaches historic territory

Even before the COVID-19 pandemic forced the federal government into emergency spending mode, agencies — including the Defense Department — were on pace to blow past the single-year contract spending record of $598 billion set in fiscal 2019.

As of Aug. 5, the federal government has obligated $438 billion in spending, with agencies expected to unload almost $200 billion more before the close of the 2020 fiscal year on Sept. 30, according to a Bloomberg Government analysis. The government typically spends about one-third of all money appropriated by Congress in its fourth quarter — July, August and September — since most money unspent is returned to the Treasury.

“We’ve been saying at the end of fiscal 2020, total government spending is likely to be around $630 billion,” Daniel Synder, director of government contracts analysis at Bloomberg Government, told Nextgov. “That was before we factored anything related to the CARES Act or COVID-19 spending.”

Synder said the $2 trillion stimulus package passed in March could add another $10 billion to $20 billion to the government’s total discretionary spending in fiscal 2020 — much of it on networking capacity, bandwidth and telework services — which would put the government’s total discretionary spending to $650 billion or more.

Keep reading this article at: https://www.nextgov.com/cio-briefing/2020/08/annual-government-spending-approaches-historic-territory/167474/

October 28, 2019 By cs

Congress mulls spring continuing resolution to avoid government shutdown

With impeachment proceedings looming and budget talks stalling, Congress will likely need a stopgap spending measure for February or March, the Senate’s top appropriator said last Thursday.

A continuing resolution, or CR, would avoid a government shutdown when the last funding patch expires Nov. 21, just before Congress takes its Thanksgiving recess.

Senate Appropriations Committee Chairman Richard Shelby, R-Ala., said that if the House passes a resolution to impeach President Donald Trump, it will indefinitely dominate the the Senate’s business, forestalling budget talks.

“It takes a lot of oxygen out of the air, and some business is transacted, but it will slow everything down,” Shelby told reporters, adding that a continuing resolution could be needed into February or March.

The Senate last week voted to advance the a package of fiscal 2020 domestic spending bills passed by the House, which would include nearly one-third of all nondefense discretionary spending. The Senate is set to resume consideration of the package today.

That package excludes Department of Defense appropriations, which has been snagged in a fight over border wall funding. Democrats are likely to withhold support for defense spending until a larger spending deal is reached.

Keep reading this article at: https://www.defensenews.com/congress/2019/10/25/congress-mulls-spring-cr-to-avoid-government-shutdown/

The government contracting industry is a complex marketplace.

Even before the COVID-19 pandemic forced the federal government into emergency spending mode, agencies — including the Defense Department — were on pace to blow past the single-year contract spending record of $598 billion set in fiscal 2019.

With impeachment proceedings looming and budget talks stalling, Congress will likely need a stopgap spending measure for February or March, the Senate’s top appropriator said last Thursday.

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