Tuesday, February 5, 2013

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.

 

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