GEIA: federal IT spending will rise 9.7 percent
- By Patricia Daukantas
- Nov 01, 2002
An industry trade group predicts federal IT spending will increase 9.7 percent in fiscal 2003.
The Government Electronics and Information Technology Association of Arlington, Va., said total federal IT spending will reach $53.1 billion, split almost evenly between Defense Department and civilian agencies.
To calculate the annual forecast, representatives of GEIA member companies interviewed 400 federal officials between May and September, said James J. Serafin, GEIA's vice president for government relations and marketing. The projected figures reflect the budget that GEIA predicts Congress will eventually pass.
GEIA also estimated the 2003 IT budgets at four Cabinet departments would drop if the proposed Homeland Security Department is created, as personnel and agencies would be transferred to the new department.
The reductions would be 30 percent at Transportation, 24 percent at Justice, 15 percent at Treasury and 2 percent at Agriculture.