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First, interest payments on the accumulating debt will accelerate, gobbling up more and more of the Federal budget. The current Congressional Budget Office (“CBO”) outlook shows, for FY2024, interest on the national debt is budgeted at $870 billion, and defense spending at $822 billion. [98] A recession likely hastens that day.
Jay Blindauer Whether a procurement, grant, or cooperative agreement, [1] if the at-issue arrangement qualifies as a contract, the Government cannot simply cease performing contract payments. Procurement Remedies Starting with a procurement contract, there are multiple recourses to Government non-payment.
61] In the Congressional Budget Office’s (“CBO’s”) February 2023 Budget and Economic Outlook the “CBO projects a federal budget deficit of $1.4 64] Compare that to the FY 2023 DoD budget of $816.7 64] Compare that to the FY 2023 DoD budget of $816.7 trillion. [60] 60] The U.S. 2022 GDP was only $26.15 trillion. [61]
In 2014, the Obama administration and its General Services Administration leadership realized that the sheer number of contract vehicles by which an agency could acquire something rendered procurement less efficient than it could be. Congress reacted with the 2011 Budget Control Act, with its sequestration feature.
The Coalition for Common Sense in Government Procurement: A Reaffirmed Commitment 2024 marked the 45 th anniversary of the Coalitions founding, a significant milestone in our journey of advocating for sound federal procurement policy on behalf of the American taxpayer and our members.
For example, the Office of Management and Budget (OMB) is launching a centralized data management strategy for the sharing of acquisition data across the Federal Government. Under the BCI, Federal agencies have been tasked with specific projects to achieve these objectives. in the federal marketplace. To register, click here.
As always, the Coalitions Spring Training Conference will serve as a unique opportunity to engage with Federal procurement leaders and connect with industry colleagues. The comments herein do not necessarily reflect the views of The Coalition for Government Procurement. Authored by Samuel S.
Coalition Launches Presidential Transition Web Page The Coalition for Common Sense in Government Procurement is pleased to announce a new Presidential Transition web page for contractors on our website at www.thecgp.org. DOGE), the GPEL is a list of recommendations to improve the efficiency and effectiveness of the procurement system.
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