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GAO: Feds Spending Much More on IT Than Reported

A market valued at nearly $80 billion per year certainly gets the attention of vendors hoping to participate in it. For the information technology sector, the notion that the U.S. government spends about $79 billion per year for IT has gained credence as the figure often cited by the U.S. Office of Management and Budget, and in references from the federal chief information officer. However, the U.S. Government Accountability Office has faulted OMB for underreporting actual annual federal investments in IT. GAO indicated that the additional uncounted spending was significant.

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