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Tag Archives: contract spending

Report: Federal IT Contract Spending Reached $64.7B in Fiscal 2018

The federal government obligated $64.7B in fiscal 2018 information technology contracts, reflecting a 9.5 percent rise from the previous fiscal year, Bloomberg Government reported Friday. The Department of Defense’s spending on IT contracts rose by over 12 percent to $33.8B in FY 2018, while civilian agencies’ IT contract obligations in …

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Report: Federal Contract Spending Rose by 6% Annually From FY 2014-2018

Federal contract spending has increased by 5.8 percent per year in the past five fiscal years driven by agencies’ rising use of simplified acquisition procedures and governmentwide procurement contracts, Bloomberg Government reported Wednesday. Contract spending in FY 2018 reached $560B, according to the report. Federal agencies obligated $15B on government …

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