GBS In The News


Preparing your Small Business for Sequester Survival

Preparing your Small Business for Sequester Survival

The federal government will cut about 17% of its average yearly contract spending of $500 billion due to sequestration.  Although the $85 billion cuts in spending are unavoidable at this point, the government will not cease to purchase its day-to-day functional services and products, and Fed Biz Opps (FBO.gov), the single government point-of-entry for federal government procurement opportunities over $25,000, will not stop posting bid opportunities to be fulfilled within this year and years to come.

According to Bloomberg Government, only one half of the cuts will happen immediately because the government is operating with half a year’s funding under a stopgap spending bill know as continuing resolutions.  The other half will be deducted once the government receives funding for the remainder of FY 2013.   Defense spending will be cut by 7.3%; civilian agencies by 5.3% and Medicare by 2%.  The Department of Veterans Affairs will not receive cuts, but some of the veterans’ healthcare programs may be reduced.



|