Coronavirus has boosted federal contract spending
- MDAPEX
- Nov 6, 2020
- 1 min read
Source: federalnewsnetwork.com
Tom Temin: Rob, good to have you back.
Rob Levinson: Great to be here Tom.
Tom Temin: So tell us first of all the top line how much has spending increased because of the pandemic?
Rob Levinson: Well, the top line Tom is $228 billion as of the end of the fiscal 2020, which ended on September 30. Now, again, that is only for civilian agencies, we don’t have the DoD data, because it’s delayed three months. So we won’t know that until January. But this $228 billion does appear to be a record as far back as we can tell. And it boosted about 17% from the previous year, fiscal 2019, which is also it seems to be a record jump. Usually we get like single digit percent increases every year. So this was two or three times what we’ve seen in recent years.
Click Here to read the full article.
Recent Posts
See AllSource: HOLLAND&KNIGHT The Trump Administration on March 20, 2025, issued an executive order titled "Eliminating Waste and Saving...
Source: ENTREPRENEUR n Sunday, the U.S. Treasury Department announced that it would not enforce the Beneficial Ownership Information...
Source: PERKINSCOIE On February 26, 2025, President Trump issued an Executive Order (EO) calling for a sweeping review of government...
Comments