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Federal Managers Association

In the News

  • Government’s Contract Spending Reached Record High in Fiscal 2020 - June 14, 2021
  • Fiscal 2020 is the fifth straight year of increased government contract spending, according to Bloomberg Government.

    Frank Konkel, Nextgov

    The federal government spent a record $682 billion on contracts in fiscal 2020, according to an analysis released Thursday by Bloomberg Government.

    Buoyed in part by the COVID-19 pandemic, the total represents by far the most money the federal government has ever spent on government contracts, and an $83 billion—or 14%—increase over then-record $599 billion in fiscal 2019 contract spending.

    To read the full story, click here.


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