Technology Modernization Fund: Small Savings Achieved So Far, but Substantial Future Savings Expected
What GAO Found The Technology Modernization Fund (TMF) invests funding in agency projects to, among other things, modernize aging federal information technology (IT) systems. From fiscal years 2018 through 2025, the TMF received over $1 billion in net appropriations, of which the Technology Modernization Board invested about $1.03 billion in 68 unclassified projects (see figure). As of June 2025 (the latest data available at the time of this analysis), 24 TMF projects expected to achieve total savings of about $1.06 billion. Eleven of these projects had collectively realized savings of about $13.5 million, and 13 had not yet begun to achieve savings. While savings thus far have been small,..
Reported by Maria LopezTechnology Modernization Fund: Small Savings Achieved So Far, but Substantial Future Savings Expected.
The item is dated Thu, 23 Jul 2026 07:06:47 -0400.
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What GAO Found The Technology Modernization Fund (TMF) invests funding in agency projects to, among other things, modernize aging federal information technology (IT) systems.
From fiscal years 2018 through 2025, the TMF received over $1 billion in net appropriations, of which the Technology Modernization Board invested about $1.03 billion in 68 unclassified projects (see figure).
As of June 2025 (the latest data available at the time of this analysis), 24 TMF projects expected to achieve total savings of about $1.06 billion.
Eleven of these projects had collectively realized savings of about $13.5 million, and 13 had not yet begun to achieve savings.
While savings thus far have been small,…
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GAO reports and testimonies RSS. Accessed 2026-07-23T15:00:09.769Z.