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Tag Archives: federal spending

BGov: Federal Spending on 8(a) Competitive Awards Hit $8.56B in Fiscal 2017

Federal agencies obligated $8.56 billion for competitively awarded contracts during fiscal 2017 through a program that is set aside for socially disadvantaged businesses, Bloomberg Government reported Monday. The figure reflects a 24 percent increase in competitive awards under the 8(a) program since fiscal 2011, according to the report. Contracts awarded …

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CBO: Federal Budget Deficit at $159B After 4 Months of FY 2017

A new Congressional Budget Office report shows that federal budget shortfall hit $159 billion after the first four months of fiscal 2017, approximately $1 billion lower than the figure recorded for the same period in fiscal 2016. CBO said Tuesday total amount of receipts associated with individual and corporate income taxes as well …

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