“Federal agencies spent a record $64.7 billion on IT contracts in fiscal 2018, according to research released this week by Bloomberg Government.”
“The nearly $65 billion spent represents a 9.5 percent increase over fiscal 2017 levels, and includes higher levels of spending in cybersecurity ($6.4 billion), cloud computing ($4.1 billion) and almost a doubling of other transaction authority spending, to $4.2 billion from $2.3 billion…”
“In civilian agencies, IT contract spending bumped up 6.6 percent to $30.8 billion—an all-time high in both nominal and real dollars, the report said. The departments of Veterans Affairs, Treasury, State and Education “each saw double-digit IT spending growth pursuant to their goals of…” Read the full article here.
Source: Agencies Spent Record $64.7B on IT Contracts in 2018 – By Frank Konkel, January 29, 2019. Nextgov.
