Bloomberg Law
March 17, 2023, 6:17 PM

BGOV OnPoint: Budget Request Points to Opportunities for Vendors

Kerry Burgott
Kerry Burgott
Analyst
Paul Murphy
Paul Murphy
Analyst
Seemeen Hashem
Data visualization analyst

The White House’s $6.9 trillion fiscal 2024 budget proposal seeks boosts for programs and offices of interest to federal market participants.

Federal contractors will have to continue tracking the fiscal 2024 budget and appropriations process through the spring and summer, but the administration’s early signals suggest significant procurement opportunities in the information technology and research and development arenas.

Download the BGOV OnPoint: Key Procurement Areas in the 2024 Budget Request

The Defense Department has the largest budget under the president’s request, and it annually spends more on contracts than other agencies. Unclassified contract spending averages half of the Pentagon’s budget ...