The European Commission has released a question-and-answer document regarding the proposed EU Public Procurement Act, according to information published by the European Commission.
Public authorities across the European Union spend approximately 2.6 trillion euros annually on public procurement, which accounts for roughly 15 percent of the bloc's gross domestic product, the European Commission stated.
The newly issued material outlines the reasoning behind the European Commission's proposal for the Public Procurement Act, providing context for the significant financial outlay managed by public bodies within the member states.
Source: European Commission. Read the original report ↗