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However, taking this concept and applying it to a structure as large and complicated as the U.S. federal government involves a significant implementation effort and is no small feat.
In a nutshell, it’s about taking the complicated structure of federal government spending and imposing a consistent data structure on top of it. That offers a unique opportunity to unlock the spending data scattered across the government and to access it in new ways that will create public value.
Since the DATA Act became law, the U.S. Department of the Treasury and the Office of Management and Budget has been leading its implementation to provide more accessible, searchable, and reliable spending data for the purpose of promoting transparency, facilitating better decision making, and improving operational efficiency. How is the DATA Act being implemented? What are the requirements of the DATA Act? What are some of the key challenges in implementing the DATA Act? Christina Ho, Deputy Assistant Secretary, Accounting Policy and Financial Transparency, U.S. Department of the Treasury joined me on The Business of Government Hour to share her insights on these topics and more. The following is an edited excerpt of our discussion complemented with additional research.