Treasury upgrades USASpending.Gov as agencies submit data
In an effort to increase government transparency, the Department of the Treasury has made the expanded USASpending.Gov database available to the public. The project marks the culmination of a three-year initiative to increase government transparency mandated under the Digital Accountability and Transparency Act of 2014.
The Data Act mandates that agency CFOs submit federal spending information in a standardized, machine-readable format to USASpending.gov by May 9. The delivery of the agency spending data is only to be a starting point for increasing financial transparency.
The new Beta.USAspending.gov site tracks agency appropriation and expenditures, including contracts, grants, loans, employee salaries. It breaks the federal budget into 19 categories called budget functions, and links relevant agency expenditure data with awards distributed by the government.
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