Budget constraint hits GSA SmartPay™ Card

For the first time, the government SmartPay™ charge card program has shown a dip in spending, down 4.8% across the board.

Spending on the purchase card dropped from $19 billion in FY 2011 to $16.79 billion in FY 2012. There were also 259,561 purchase cardholders in FY 2012, down almost 20,000 from the previous year.

The major reason for the drop in SmartPay™ spending is the budget problem facing the federal government.

 

	Purchase	FY11	FY12
	Spend	$19B	$16.79B
	Transactions	21.3M	18.74M
	Cardholders	278,081	259,561
	Travel	FY11	FY12
	Spend	$9.57B	$8.24B
	Transactions	49.8M	42.86M
	Cardholders	2.49M	2.31M
	Fleet	FY11	FY12
	Spend	$2.2B	$2.25B
	Transactions	29.28M	28M
	Cardholders	634,380	647,132
	Total	FY11	FY12
	Spend	$30.8B	$29.32B
	Transactions	100M	95.6M
	Cardholders	3.4M	3.5M

 

All federal agencies use the SmartPay™ card and the top ten federal agencies in FY 2012 were Veterans Affairs, Defense, Justice, HHS, DHS, Agriculture, USPS, Transportation, Commerce and State.

As you can see from the overall stats, the actual # of accounts in the program went up by about 81,000, but that includes the Travel and Fleeet cards.

More details soon.