Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
Why Government Contracting Needs a Productivity Revolution
In this episode of The Fiscal Policy Podcast, Lucas and Luna dive into the hidden inefficiency in government contracting: the lack of productivity gains. They anchor on a 2024 study by the US Treasury's Office of Financial Innovation, which found that federal procurement productivity has been flat for two decades, while the private sector has seen a 12 percent improvement in the same period. They explore why contracting officers are buried in paperwork, how the 'burden of compliance' crowds out innovation, and what the Biden-era procurement modernization initiatives tried to…
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