GAO: Taxpayer-funded Website to Track Fed Grants Only Covers 2 to 7 Percent of Grants Properly

by Katherine Timpf

A recent Government Accountability Office report estimates that a taxpayer-funded website launched to track the awarding of taxpayer-funded grants and contracts only has accurate and complete information for 2 to 7 percent of all contracts.

The federal government makes over $1 trillion in grants and awards annually, of which, according to the report, about $620 billion worth in 2012 were not recorded with the proper information.

The transparency requirements that are almost never being met were created by a 2006 bipartisan bill meant to achieve greater transparency in federal funding. It created a website called in 2007 to report how the federal government spends money on loans, grants, contracts, and other awards.

GAO released the report on Friday.

The Corner

The one and only.