FEDERAL PUBLIC SPENDING DATA, XBRL AND THE DATA ACT

FEDERAL PUBLIC SPENDING DATA, XBRL AND THE DATA ACT

Governments large and small spend considerable amounts of public money to pay for health facilities, public safety, social aid and public works, and capital improvement projects. This money is usually derived from taxes that are allocated to federal programs by Congress, but they can also come directly from agency fines, fees, or settlement collections. This makes reporting Federal public spending data including agency financial information somewhat problematic and just plain difficult.