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Article: Research Center Says Federal Spending in Washington Area Increases 5.6 Percent in 1997
- Article from:
- U.S. Newswire
- Article date:
- June 19, 1998
CopyrightCopyright 1998 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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WASHINGTON, June 19 /U.S. Newswire/ -- Total federal spending in
the metropolitan Washington area rose to $62.7 billion in 1997, for
an increase of 5.6 percent over 1996, while total federal spending
increased by only 2.3 percent nationwide, according to a new report
by George Mason University's Stephen S. Fuller, Ph.D., for the
Greater Washington Research Center.
According to the report, federal procurement spending in the
region also rose 4.3 percent between 1996 and 1997 to $21.7
billion, while nationally, federal procurement spending decreased
by 3.7 percent. Locally, salary and wages as a percent of total
federal spending declined to 33.6 percent, while procurement
spending increased ...