13% Decrease in FY’22 Defense Contracting
Federal contract spending declined by 7% in fiscal 2022, driven largely by a 13% decrease in defense spending, which offset the 5% increase in contract spending among civilian agencies.
April 23, 2024
Federal contract spending declined by 7% in fiscal 2022, driven largely by a 13% decrease in defense spending, which offset the 5% increase in contract spending among civilian agencies.