Total known and unclassified federal information technology spending will hover around $70 billion annually through fiscal 2019 when measured in today’s dollars, predicts the TechAmerica Foundation in its annual near-term forecast.
The forecast, based on federal budget data and interviews with federal IT executives, assumes an overall discretionary topline lower than the Office of Management and Budget’s projections but slightly greater in out-years than Budget Control Act caps. TechAmerica Foundation conducted the research before the House of Representatives reached an impasse with present year funding bills and so doesn’t take into account the government shutdown, now in its third week. The foundation is the nonprofit arm of technology firm lobbying group TechAmerica.
For fiscal 2014, the research finds (.pdf) that IT spending will add up to $70 billion, down considerably from the $86 billion (adjusted for inflation to be in today’s dollars) spent during fiscal 2009. This year’s figure will stay more or less steady through fiscal 2009, when it’ll reach $72.2 billion in constant dollars, or $78.5 billion in a number unadjusted for inflation.
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