How Private Sector Best Practices Can Save Taxpayer Money - Slide 8

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The government has a large inventory of assets that could generate revenue. “Mining” the balance sheet through concessions agreements and other opportunities may generate significant revenues. This could include selling surplus facilities and selling and leasing back others. OMB has found 14,000 excess buildings and 55,000 underutilized buildings in the federal inventory.

The federal government has other assets – such as rights-of-way for energy transmission – that could be auctioned off. The federal government also has an array of fee-generating programs that do not recover their costs. Oftentimes, fee structures and levels are dictated by issues other than cost recovery. The Technology CEO Council suggests that the federal government identify agencies that can be statutorily dependent on the fee income they generate (i.e., no longer subject to the appropriation of general revenues).

Cost savings estimate: $150 billion over the next 10 years.

According to the Technology CEO Council, America’s growing national debt is undermining our global competitiveness. How we choose to confront and address this challenge will determine our future environment for growth and innovation. They suggest that by adopting commercially proven best practices to maximize operational productivity, the government can save over $1 trillion by 2020, while enhancing the services it provides citizens and laying a foundation for future innovation and growth.

This slideshow offers their list of seven specific initiatives where technology-enabled productivity solutions can make a material difference.

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