1.1: Contracting
Save Money on Contracting Other Information:
Spending on contracts grew tremendously over the past decade, averaging 12 percent annually from FY 2000 to FY 2008. Recognizing
this growth was unsustainable, the President directed agencies to save $40 billion annually by FY 2011. Responding to the
President’s mandate, agencies have taken immediate actions to arrest the growth in spending on contracts by applying fiscally
responsible acquisition practices. Agencies spent nearly $80 billion less in FY 2010 than they would have spent had contract
spending continued to grow at the same rate it had under the prior Administration. At that rate, contract spending would have
reached a record $615 billion.
Indicator(s):
|
