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Tag Archives: discretionary spending

GAO: Defense Agencies’ Spending on Contracts Dropped 32% in Fiscal 2015

The Government Accountability Office has analyzed governmentwide contracting data from the Federal Procurement Data System-Next Generation database and found that spending on contracts at defense agencies declined by about 32 percent from $399 billion in fiscal year 2011 to $274 billion in FY 2015. GAO said in a report released Thursday that civilian agencies’ …

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CBO: Annual US Deficit Fell to Lowest Point in 8 Years

The Congressional Budget Office has published an infographic report that indicates the $439 billion U.S. budget shortfall the agency recorded for fiscal 2015 was the government’s smallest deficit since fiscal 2007. CBO said Wednesday federal debt held by the public at the end of FY 2015 was 74 percent of gross domestic product, the highest annual …

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Mackenzie Eaglen: FY 2016 Spending Bill to Take Shape After CR

Mackenzie Eaglen, a defense analyst at the American Enterprise Institute, believes Congress will likely execute a short-term continuing resolution to fund the government through Oct. 1 as lawmakers continue negotiations on the fiscal year 2016 budget. Eaglen wrote in a guest piece published Tuesday on Breaking Defense the spending bill is among other …

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CBO: $515B of Senate’s FY 2016 Defense Bill Goes Against Sequestration Caps

The Congressional Budget Office estimates that $515.5 billion of $604.6 billion authorized under the Senate Armed Services Committee’s proposed fiscal year 2016 defense spending bill counts against budget caps set under the 2011 Budget Control Act. CBO said in a report published Wednesday the remaining funds would be for nondefense budget functions and overseas …

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