Why GTYH Stock Could Rise
Government spending accounted for 44% of U.S. gross domestic product (GDP) in 2020, compared to 35% to 40% in the previous years going back to 2012. (Source: “United States Government Spending to GDP,” Trading Economics, last accessed January 31, 2022.)
The spending has driven the national debt toward $30.0 trillion. This isn’t sustainable. There needs to be more accountability, including streamlining costs and increasing efficiency.
That’s easier said than done, but GTY Technology Holdings Inc (NASDAQ:GTYH) could help all levels of government cut wasteful spending. The company brands itself as a technology solutions provider that streamlines public sector systems.
Find out more about GTYH stock here
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