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President Biden’s new “skinny budget” request prioritizes IT modernization, with $750 million for IT upgrades and another $500 million for the Technology Modernization Fund, a funding vehicle for federal IT modernization projects.

  • Laura Criste, Federal Market Analyst for Bloomberg Government, said although the five major budget priorities are not focused on IT, it is still predominant throughout the budget.
  • An IT reserve mentioned in the budget will probably include multi-year money shared by multiple agencies, but there is not much information about it yet, according to Criste.
  • While some items in the budget are specific, such as $65 million for a Department of Agriculture technology program, the detailed budget will have more information, said Criste.
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July 2022
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