GSA Releases FY08 Budget Details
February 6, 2007
Contact: GSA Public Affairs (202) 501-1231
Washington, DC – The fiscal 2008 budget requested by the President includes $20.1 billion for the U.S. General Services Administration, agency head Lurita Doan announced today. All but $561 million is funded through revolving fund revenues for the purchase of goods and services, rent paid for space in GSA-owned and leased buildings and other customer reimbursements.
“I am proud of this budget,” said Administrator Lurita Doan. “By reducing wasteful and unnecessary spending and balancing our budget, we are making GSA a more effective agency and aligning ourselves with key objectives outlined by the President to secure the nation, demonstrate financial restraint and achieve improved economic growth through government efficiency and effectiveness for the American people.”
The budget supports GSA's initiative to address the backlog of repairs and alterations projects. GSA manages 8,300 government-owned and leased buildings, which house more than one million federal workers in 1,600 U.S. communities. The 2008 budget includes $804 million to modernize the agency’s real property portfolio.
Additionally, the 2008 GSA budget request reflects $615 million in new obligational authority which will provide funding for critical facility projects for the Department of Homeland Security, the Food and Drug Administration and the Judiciary as well as Ports of Entry along the nation’s northern and southern borders.
For more information, visit www.gsa.gov.
Founded in 1949, GSA serves as a centralized procurement and property management agency for the federal government. GSA manages more than one-fourth of the government’s total procurement dollars and influences the management of $500 billion in federal assets, including 8,300 government-owned or leased buildings and 170,000 vehicles. GSA helps preserve our past and define our future, acting as a steward of more than 420 historic properties, and as manager of USA.gov, the official portal to federal government information and services. GSA’s mission to provide superior workplaces, expert technology solutions, acquisition services, purchasing and e-travel solutions and management policies, at best value, allows federal agencies to focus on their core missions.
Did you know? The U.S. General Services Administration is the federal government's business arm with combined revenue of billions per year. If it were a private company, it would rank among the Fortune 100.