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Can the MGT Act combat $7 billion in technical debt?
FedScoop: In February the Office of Management and Budget released a memo to guide the Implementation of the Modernizing Government Technology (MGT) Act. The MGT Act aims to help make IT modernization a reality, while the memo outlines how agencies can take advantage of the funds set aside for digital transformation through the Technology Modernization Fund (TMF).
This is great progress and an important effort, but the $500 million in modernization funds is just a drop in the bucket compared to $7 billion in technical debt the federal government has accrued.
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