B2G Market Advisor
The B2G Market Advisor blog covers topics of interest to the government contracting community including industry trends, competitive landscape, sourcing new opportunities, small business designations and teaming for the U.S. federal, state, local and Canadian governments. Written by GovWin’s experienced analysts and experts, the B2G Market Advisor blog empowers companies to get ahead of the competition and win more business in the public sector.
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.
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.
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.
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.
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.
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.
Late last month, bipartisan legislation was introduced to tackle federal waste caused by overlap, duplication and fragmentation among federal programs.
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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