Executive Briefings

Public Sector Purchasing Grows in Importance

Purchasing is an important lever for public-sector performance improvement. Because the spending base is quite large-purchased goods and services account for one third of total public spending, or about 5 to 8 percent of GDP in most Organization for Economic Co-operation and Development countries-improvements can have a substantial impact on budgets, freeing up resources for other priorities.

And the potential for improvement is large.

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Purchasing is an important lever for public-sector performance improvement. Because the spending base is quite large-purchased goods and services account for one third of total public spending, or about 5 to 8 percent of GDP in most Organization for Economic Co-operation and Development countries-improvements can have a substantial impact on budgets, freeing up resources for other priorities.

And the potential for improvement is large.

Read Full Article