What does government procurement mean? Is it good?

Government procurement refers to the state organs, institutions and organizations at all levels, the use of financial funds to purchase goods, works and services within the centralized purchasing catalog formulated in accordance with the law or above the procurement limit standard.

Wherein, procurement refers to the act of obtaining goods, works and services in a contractual manner for a fee.

Specifically, it includes buying, leasing, commissioning, hiring and so on.