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UAEB2G Market Advisor
B2G Market Advisor, produced by the industry’s largest team of market analysts, focuses on the U.S. government contracting industry. With unparalleled depth of Federal, State, Local, and Education information, GovWin’s experienced analysts cover the priorities driving procurement decisions. B2G Market Advisor will support your critical business decisions and will give you key insights into the issues, trends, and initiatives shaping the current & future public sector marketplace.
Federal Improper Payments Show Slight Decline in FY 2017
Total federal improper payments fell slightly to $141 billion in FY 2017 according to data recently released on paymentaccuracy.gov. The improper payment rate also dropped from 4.7% of program outlays in FY 2016 to 4.5% in FY 2017, amounting to a $3.6 billion decline over FY 2016 levels.
Lankford's Annual "Federal Fumbles" Highlights Wasteful Spending
In late November, Sen. James Lankford (R-OK) release his third federal “wastebook” modeled after former Sen. Tom Coburn’s annual report on federal waste, inefficiency and duplication.
VA Can't Comply with DATA Act Due to Outdated Systems
An audit conducted in November 2016 and publicly released earlier this month, determines that VA is unable to fully comply with DATA act mandates because of legacy financial systems.
Push to Lower Improper Payments Continues
The House Budget Committee’s FY 2018 resolution contains requirements to reduce improper payments significantly over the next ten years.
GAO Recommends More Guidance for IPERA Compliance Determinations
In a recent analysis, GAO found information presented in IG Improper Payments Elimination and Recovery Act (IPERA) compliance determinations may be misleading due to inconsistent evaluations and lack of guidance.
Could Programs on GAO's High-Risk List be Targets for Budget Cuts?
Could Programs on GAO's High-Risk List be Targets for Budget Cuts?
Federal Improper Payments Reach All-Time High
Total federal improper payments rose to $144 billion in FY 2016 according to data recently released on paymentaccuracy.gov. The improper payment rate rose from 4.4% of program outlays in FY 2015 to 4.7% in FY 2016, amounting to nearly a $7 billion increase over FY 2015 levels.
Lankford's Annual "Federal Fumbles" Points to Wasteful Spending
Last week, Sen. James Lankford (R-OK) released his second federal “wastebook” modeled after former Sen. Tom Coburn’s annual report on federal waste, inefficiency and duplication.
Legislation Introduced to Cut Federal Duplication and Overlap
Late last month, bipartisan legislation was introduced to tackle federal waste caused by overlap, duplication and fragmentation among federal programs.
Federal Improper Payments Reach Landmark High in FY 2015
The federal improper payment rate rose from 4% of program outlays in FY 2014 to 4.4% in FY 2015, amounting to nearly $137 billion, up $12 billion over FY 2014.
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