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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/

Filed Under: Government Contracting News Tagged With: CARES Act, coronavirus, COVID-19, discretionary spending, emergency contracting, end-of-year spending, government spending, pandemic

July 20, 2020 By cs

Agencies expected to spend almost $200 billion on acquisition in FY20’s fourth quarter

The fourth quarter spending surge is upon us, and it appears the federal acquisition community isn’t just focused on getting money out the door, but request for proposals, too.

Agencies are expected to spend $194 billion between now and Sept. 30, according to Bloomberg Government. Departments will spend a big chunk of that total on technology — $28 billion — and on professional services — $32 billion.

But this has been a trend for some time.

“The $182 billion in the fourth quarter of fiscal 2019 spending obligations is about a $7 billion decrease from 2018, but fiscal 2019 represents about a $30 billion increase since 2016,” BGov said in a recent webinar. “Spending in the last month of the fiscal year is usually more than that of July and August combined.”

Of that $194 billion expected to go out the door in Q4 2020, BGov estimates that agencies will spend $101 billion in September, the most in one month since 2018 when they spent $99 billion.

Keep reading this article at: https://federalnewsnetwork.com/reporters-notebook-jason-miller/2020/07/agencies-expected-to-spend-almost-200b-on-acquisition-in-q4-2020/

Filed Under: Government Contracting News Tagged With: acquisition workforce, contract award, end-of-year spending, federal contracting, federal contracts, government spending, professional services, technology

February 24, 2020 By cs

Fiscal 2021 budget seeks to ‘resize’ the bureaucracy

Among other things, the White House wants to rein in “improper end-of-year spending” by agencies.

On the afternoon of Feb. 10th, President Trump sent Congress a $4.8 trillion budget request for fiscal 2021 that seeks to “resize” the federal government by eliminating what the administration views as duplicative and wasteful programs and focusing on core security priorities.

The budget request includes a number of proposals Congress has previously rejected, such as significant cuts to the social safety net, foreign aid and environmental programs, as well as some federal workforce hiring and firing reforms and changes to federal retirement the administration has tried to implement previously with mixed success.

Margaret Weichert, deputy director for management at the Office of Management and Budget, told reporters on Monday that the budget reflects “the core elements of the president’s management agenda” and is a “continuation of what we’ve attempted to do over the last couple of years around the workforce.”  While the administration will continue to press for moving federal employees to a pay-for-performance system and employee training and reskilling, “not surprisingly, in year four of an administration there’s not a lot of net new ideas,” she said.

Keep reading this article at: https://www.govexec.com/management/2020/02/trumps-fiscal-2021-budget-seeks-resize-bureaucracy/163014/

Filed Under: Government Contracting News Tagged With: acquisition training, acquisition workforce, budget, budget requests, category management, end-of-year spending, OMB, professional education

September 20, 2018 By AMK

‘Unprecedented’ government spending spree picks up speed

The federal government is primed to spend as much as $300 billion in the final quarter of fiscal 2018 as agencies rush to obligate money appropriated by Congress before Sept. 30 or return it to the Treasury Department.

The spending spree is the product of the omnibus budget agreement signed six months late in March coupled with funding increases of $80 billion for defense and $63 billion for civilian agencies. The shortened time frame left procurement officials scrambling to find ways to spend the money.

Through August, defense and civilian agencies obligated some $300 billion in contracts. But to spend all the money appropriated to them by Congress, they may have to obligate well over $200 billion more in the final quarter of fiscal 2018, which ends in two weeks.

Keep reading this article at: https://www.nextgov.com/cio-briefing/2018/09/unprecedented-government-spending-spree-picks-speed/151347/

Filed Under: Government Contracting News Tagged With: budget, end-of-year spending, federal contracting, federal contracts, spending

September 14, 2017 By AMK

Banking on uncertainty: Why this year’s spending spree will be different

This year, some extraordinary pressures have come to bear around federal spending.

There’s the seeming chaos in Washington, with the new administration failing to fill hundreds of mid- and senior-level jobs. There’s the dire sense in most agencies that next year’s budget will be smaller. And there’s the fog and uncertainty that come with operating under a series of continuing resolutions.

A change of party in the White House typically puts the brakes on spending at least temporarily, as agencies sort out their new priorities. This time around? Double it, with an administration that governs by tweet and a POTUS who appears to thrive on keeping agencies off balance. The chaos inside the Beltway is bipartisan and cuts across every agency not focused on security or defense.

Despite these factors, observers say, the fourth quarter of fiscal 2017 is shaping up to be business as usual. “The No. 1 reason you get cut is if you don’t spend the money that you have,” said David Berteau, president and CEO of the Professional Services Council. “So the proposed cuts give people an incentive to spend, and those forces outweigh the uncertainty.”

Keep reading this article at: http://www.federaltimes.com/smr/year-end-spending/2017/09/11/banking-on-uncertainty-why-this-years-spending-spree-will-be-different/

Filed Under: Government Contracting News Tagged With: acquisition reform, end-of-year spending, federal contracting, federal contracts, government reform, procurement reform, spending

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