Watch all the musical acts
The Office of Federal Procurement Policy announces that the Administration reduced contract spending by over $20 billion in Fiscal Year (FY) 2012 compared to last year, marking the largest single year dollar decrease in Federal contract spending on record. The Administration is also announcing plans to achieve more savings moving forward with efforts to pool the government’s buying power to deliver a better value for the American people through strategic sourcing.
As part of the President’s Campaign to Cut Waste, this Administration has taken an aggressive approach to attacking waste, fraud, and abuse within government agencies. Nowhere is this more apparent than in combatting improper payments – those Federal payments that are made in the wrong amount, to the wrong entity, or for the wrong purpose.
Over the last six months, agencies across the Federal government have been undertaking a coordinated effort to scour their IT budgets to find unnecessary IT spending and develop a plan to root out waste. This effort – called PortfolioStat – has resulted in ambitious plans that will save the government $2.5 billion over the next three years through consolidating duplicative systems, buying in bulk, and ending or streamlining off-track projects.
Since coming into office in 2009, President Obama has made great strides in making government more accountable to the American people, pursuing tough reforms to cut waste and act as responsible stewards of taxpayer dollars.
The Campaign to Cut Waste has already achieved $4 billion dollars in savings in 2012, well on track to meet and exceed President Obama's goal of $8 billion by the end of FY 2013.
Federal agencies are making great strides towards putting a solid foundation for a 21st Century Digital Government in place.
To fulfill its functions, the federal government asks people to fill out a lot of forms. To get permits and licenses, to pay taxes, and to qualify for benefits and grants, forms are often required. Too often, however, those forms are too confusing and complicated, especially for individuals and small businesses. Now, we are doing something about that problem.
Cuts, Consolidations, and Savings
The President’s Plan for Economic Growth and Deficit Reduction
Fact Sheet: The President’s Plan for Economic Growth and Deficit Reduction