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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Increases in transfer payments reduce long-run growth because they crowd out government purchases of productive goods and services.
In addition, Federal Government purchases will become a smaller component of GDP, investment a larger one.
A classic question facing macroeconomists is: How does an increase in government purchases affect the economy?
A recent study points out that the average rate of Government purchases of goods and services was 3.
In 2005, DGS led the state in a major strategic sourcing initiative designed to make government purchases more cost effective, while ensuring that our state and our taxpayers get the best value for our purchasing dollars," said Ron Joseph, Director of the California Department of General Services.
pa) requires all purchases to be announced in this system, thus allowing for more transparency and speed in government purchases.
We don't know whether this increase in government purchases will really reflect in our sales," says Maria Angelica Sanchez, executive vice president at Asilfa, a Chilean pharmaceutical association.
com estimates the volume of government purchases through the agreement will be at least $3.
As one of four awardees, TIG will share in an estimated $24 million annually in State government purchases of data storage equipment over the next three years.
NFR Security, the leader in Real-Time Threat Protection(TM), today announced that its award-winning Sentivist(TM) solution has achieved Common Criteria (CC) Evaluation Assurance Level 2 (EAL2) certification, a key requirement for many government purchases of network security products.
of Fairfax, the report provides insight into how technology and budget impact homeland security initiatives and how the government purchases IT equipment and services from the vendor community.
Wagner pointed to payment card usage for government purchases as an example of how effective commercial practices from the private sector were adapted successfully and have since transformed the way public sector entities manage their funds.
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