Feds to Keep IT Revenue Stream Flowing
March 6, 2012
As the U.S. economy shows modest signs of recovering, and with forecasts for the overall information technology market also showing modest growth, vendors can at least count on one big customer to provide a steady stream of revenue for the next year or two: the U.S. government.
Federal Chief Information Officer Steven VanRoekel has been promoting the idea that when it comes to IT, the federal government must "do more with less." But the Obama administration's budget for 2013 basically proposes that federal agencies do more with the same.
The projected IT budget for fiscal 2013, which actually begins October 1, is US$78.8 billion, essentially flat when compared with the $79.4-billion enacted for fiscal 2012. That cut of nearly $600 million can't be dismissed as chump change, but in the overall budget scheme, federal IT spending will be on a plateau well into 2013.