The Hidden Cost of the Annual Appropriation Cycle: Creation of Waste and Lost Innovation

With the GSA starting to roll out certain elements of FAR 2.0 for streamlining federal acquisition, Congress should take this moment to reexamine the annual appropriation cycle. A modernized funding approach would help agencies move beyond the entrenched “use it or lose it” mindset, curb year-end budget maneuvering, and create space for more sustained innovation. […]