Government contracting dollars spiked in 2018 | Federal News Network

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Agency spending on products and services in 2018 spiked to the highest amount in seven years. GAO finds federal procurement spending hit $554 billion last year, up more than $78 billion since 2013. The Defense Department’s accounted for $358 billion while civilian agencies handed out $195 billion in contracts. The agency also said the amount of competitive procurements governmentwide dropped by 3% to 63.4% between 2014 and 2018. (Government Accountability Office)

Source: Government contracting dollars spiked in 2018 | Federal News Network

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