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Tag Archives: spending

Ryan McCarthy Previews Army’s FY 2020 Budget Plan

Army Undersecretary Ryan McCarthy has offered a preview of the service’s budget request for fiscal 2020 at a Center for a New American Security event held on Monday, FCW reported Monday. "There are some hard choices in this budget, and there will be more in the future,” McCarthy said about the service’s spending plan to be released next week. 

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Ryan McCarthy: Army Shifting $30B for Modernization Efforts

During an Association of the United States Army event, Ryan McCarthy, army undersecretary, said that the service branch has realigned around $30B in its five-year spending plan to address modernization needs, National Defense magazine reported Tuesday. McCarthy noted that $22B will result from proposed program cuts while $8B will come from “cost avoidance” initiatives.

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David Norquist: DoD Developing Financial Database Under Pilot Program

David Norquist, acting deputy secretary of defense, said Wednesday during a Center for the National Interest event in Washington, D.C. the Department of Defense is developing a financial audit database, FCW.com reported Wednesday. Norquist said the pilot program aims to resolve issues cited by the DoD inspector general’s first ever audit issued in November 2018.

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Four Senators Approach 13 Agencies to Address Year-End Binge Spending

Four senators have asked the chief financial officers of 13 agencies to address their “use it or lose it” spending at the end of the fiscal year. The U.S. Senate Committee on Homeland Security and Governmental Affairs said Wednesday Sen. Ron Johnson, Claire McCaskill, Rand Paul and Gary Peters expressed concerns that agencies may possibly spend more money at the end of fiscal year 2018 compared to previous years.

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President Trump Vows Missile Defense Spending Increase

President Donald Trump has said he plans to increase spending on the country’s missile defense efforts in response to North Korea’s increasing nuclear threats, Washington Examiner reported Friday. “We’re going to be increasing the anti-missile by a substantial number of billions,” Trump told reporters Thursday. The White House’s fiscal 2018 …

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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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CBO: US Deficit Hits $457B in First Half of Fiscal Year 2016

A Congressional Budget Office report says the U.S. budget deficit for the first half of the government’s 2016 fiscal year is about $18 billion more than the $439 billion shortfall the agency recorded in the first half of FY 2015. CBO said Thursday the amount of revenues the government has earned from individual and corporate …

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CBO: Federal Deficit Down $34B Over 5-Month Period

The federal government’s budget deficit for the first five months of fiscal 2016 was $352 billion, down $34 billion from the shortfall recorded for the same period in fiscal 2015, the Congressional Budget Office reports. CBO said Monday the decline is partly attributed to a shift in the timing of some …

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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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