Public procurement is the purchase by governments of goods, services and works.
Public procurement accounts for approximately 13% of GDP in OECD member countries.
It is the government activity most vulnerable to waste, fraud and corruption due to the size of the financial flows involved.
Billions of dollars in stimulus funds and accelerated procurement procedures create additional risks.
INTEGRITY IN PROCUREMENT
Integrity in public procurement is essential in maintaining citizens’ trust in government. Governments are recognising the potential of procurement to improve public sector performance through savings and economies of scale.
OECD work in this area can be viewed by the following six subject areas.
PROCUREMENT AS % OF TOTAL SPENDING (2011)
General government procurement spending represents 29% of total general government expenditures (13% of GDP).