Nondefense agency annual contract obligations shrank for the first time in 10 years, according to Bloomberg Government analysis.
Procurement for agencies other than the Pentagon totaled $277.2 billion in fiscal 2025. The federal government operated under stopgap spending measures for the full fiscal year.
That dip is tied to a third-quarter plunge to $63 billion. Amid active contract terminations and ongoing policy shifts, agencies reported a combined 25% downturn in third-quarter aggregate obligations but competed with fiscal 2024 levels in the three other quarters.
Fourth-quarter procurement was back up to $103.6 billion, but still down about $550 million year over ...