“Federal agencies are poised to spend more on unclassified information technology products and services in fiscal 2019 than ever before — just under $70 billion for the year — leaving about $29 billion in expected IT spending for the last quarter of fiscal 2019, according to a Bloomberg Government estimate.”
“This would be the sixth consecutive year with an increase in IT spending and the trend will likely continue again in fiscal 2020, based on agency IT budget trends…”
“Comparing historical IT budgets with contract obligations provides an estimate for the expected remaining IT spending at individual civilian agencies in fiscal 2019. Of the 24 civilian agencies evaluated, BGOV estimates that all have additional IT budget remaining to spend on contracts. The departments of Health and Human Services, Homeland Security, and Veterans Affairs have the most money remaining, with $2.6 billion, $2.1 billion, and $1.8 billion, respectively.”
“BGOV expects 17 agencies to…” Read the full article here.
Source: IT Spending Could Top $29 Billion in Q4 FY19: This Is IT – By Laura Criste, July 9, 2019. Bloomberg.
