SEQUESTRATION

Defense spending drops 8 percent in fiscal 2014

Defense spending dropped 8 percent, or $23.7 billion, in fiscal 2014, Federal Times is reporting.

Government-wide spending also dropped $17 billion, from $462 billion in fiscal 2013 to $445 billion in fiscal 2014.

However, civilian spending, even despite the general decrease in spending, saw an increase, with agencies such as Homeland Security, Health and Human Services, NASA, the Veterans Affairs Department and the Social Security Administration enjoying increases, Federal Times said.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.