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Government procurement or public procurement is when a governing body purchases goods, works, and services from an organization for themselves or the taxpayers. In 2019, public procurement accounted for approximately 12% of GDP in OECD countries. In 2021 the World Bank Group estimated that … See more
Need for government procurement
Government procurement is necessary because governments cannot produce all the inputs for the … See moreEnvironmental aspects
In the European Union, the commission has adopted its communication on public procurement for a … See more• How Large is Public Procurement?, World Bank Blogs, published 5 February 2022 See more
One of the consequences of the financial crisis of 2007–2008 was an attempt to reduce public spending in order to control public debt. … See more
One issue of public procurement is the inability of governments to measure economic productivity, because as the size of public procurement systems substantially grows, … See more
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