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GAO infographic shows how the federal government spent money in 2018

May 30, 2019 By Andrew Smith

With tax season over, now is a good time to look at how the government uses your tax dollars.

About 40% of the government’s discretionary spending goes to contracts for goods and services covering everything from health care to hand grenades.  In fiscal year 2018, the federal government spent more than $550 billion on these contracts, an increase of more $100 billion from 2015.  This increase is largely driven by spending on national defense.

GAO has recently published an infographic that shows more details on how federal contracting dollars are spent across the federal government—including which agencies obligated the most funds, what they bought, and whether the contracts were competed.

Continue reading at the:  GAO Watch Blog

Filed Under: Contracting News Tagged With: GAO, market research, spending

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