The Army could spend up to $5 billion less on goods, services and equipment in fiscal 2015 than it did last, year, according to a top Army official.
The Army spent about $74.3 billion on contracts in fiscal 2014, but its fiscal 2015 contract spending will be $69 billion to $74 billion, Harry Hallock, deputy assistant secretary for procurement at the Army, told Federal Times March 16.
Hallock said while fiscal 2015 might see some leveling off, Army contract spending has been falling every year since fiscal 2012. But the real concern within the Army is the automatic budget caps passed by Congress known as sequestration.
