Government Purchases

Government Purchases

The money that a government spends procuring goods or services from the private sector. Examples include a local government hiring a company to repair a road or the national government buying artillery for the military. In Keynesian economics, government purchases are important for stimulating demand in times of economic downturn. That is, when no one will buy goods or services, Keynesian economics states that the government ought to do so in order to keep commerce going.
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Chinese government purchases over 1 billion condoms every year, which are used in birth control and venereal disease (VD) protection for free.
Dubai SME, the agency of the Department of Economic Development (DED) mandated to develop the small and medium enterprise (SME) sector, hosted a workshop in partnership with the UAE Ministry of Finance to create awareness among Dubai SME members on federal government purchases and the modalities involved.
Global Banking News-August 23, 2012--Colombian government purchases dollars(C)2012 ENPublishing - http://www.
Mer-Link, a system that handles 80% of government purchases, is not able to grant awards because of a legal action brought by the competing system CompraRed, which is also state run, reports Nacion.
As part of efforts to spur innovation, Beijing had sought to ensure government purchases came from firms using Chinese-owned technology.
Conference of Mayors has endorsed a resolution by Eugene Mayor Kitty Piercy to oppose government purchases of high-polluting fuels.
Mutaaz Al Zu'ubi, from DoF's IT Section, aimed to familiarize government entities on the new Purchasing Law, which aims at decentralizing all government purchases.
Large government purchases have become the bread and butter of many companies in Brazil.
Even our taxes go up to pay for all the federal, state, and local government purchases of overpriced fuel.
For instance, if a foreign government purchases its space it can control its occupancy costs, i.
As the Federal Government's purchasing agent, the GSA sets guidelines for government purchases and oversees buying and acquisition processes.
According to The American Prospect, government purchases of everything from cars and office equipment to food and energy amount to no less than 18 percent of the Gross Domestic Product.
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