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Tag Archives: spending

Tony Scott: Gov’t Spends $3B on Maintenance Contracts for End-of-Life IT Products

Federal Chief Information Officer Tony Scott has said government agencies spend more than $3 billion on maintenance contracts for information technology products that are nearing retirement and no longer have available spare parts, service or patches, Federal News Radio reported Wednesday. Scott told Jason Miller in an interview at the ACT-IAC Management of Change …

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GAO: Coordination Key to Identify DoD’s Professional Services Acquisition Needs

A Government Accountability Office report says the Defense Department should establish a coordinated approach for military organizations to forecast and manage funding requirements for professional services contracts. GAO said Thursday it found that DoD obligated about $85 billion for the acquisition of research and development, facility management and knowledge-based services during fiscal 2014, …

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CBO: Federal Deficit Down $44B in Fiscal 2015

The Congressional Budget Office reported the U.S. budget deficit in fiscal year 2015 ended Sept. 30 was approximately $439 billion, below the $483 billion shortfall recorded at the end of fiscal 2014. The FY 2015 shortfall measured as a percentage of gross domestic product has declined for the sixth consecutive year, reaching 2.5 percent of …

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CBO: Federal Deficit Drops 14% Over 9-Month Period

A Congressional Budget Office report shows that the U.S. budget deficit reached $314 billion during the first nine months of the federal government’s 2015 fiscal year, down $52 billion from the prior-year period. Revenues earned by the government rose 8 percent and expenditures grew 5 percent over the past nine …

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