ART - Economic Outlook 2012

The document is an article discussing the budget projections for the United States for the years 2011 to 2015. The article presents the projected expenses, revenues, and deficits for the federal, state, and local governments during this period. It also highlights the importance of professional certification for procurement practitioners and the need for succession planning in government agencies. The article mentions that the recession has led to reduced procurement headcounts and budgets for training and development. It suggests that lean thinking and resource sharing may be necessary to adapt to these changes. The article concludes by stating that 2012 will be a year requiring patience and emphasizing the importance of principled procurement processes.