End-Year DoD Contract Spending
Abstract
The Department of Defense (DOD) obligates approximately $300 billion annually on defense acquisitions. These funds, drawn primarily from more than 100 distinct DOD appropriations accounts, can be divided into six major categories (or six colors of money): Operation and Maintenance (O and M); Research, Development, Test, and Evaluation (RDT and E); Procurement; Shipbuilding and Conversion; Military Construction (MilCon); and Military Personnel (MilPers). Funds from these accounts generally must be obligated within specific time periods (see Figure1). When an obligation period ends, unobligated funds generally expire. DOD has a further five years to liquidate(spend) or reprogram already obligated funds.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 17, 2017
- Accession Number
- AD1169636
Entities
People
- Heidi M. Peters
Organizations
- Library of Congress