FY 2024 Federal Budget Request: Priorities and Opportunities

Deltek's FY 2024 Federal Budget Request: Priorities and Opportunities analyzes the proposed program investments and policy directives within the Biden Administration's $1.8T fiscal year (FY) 2024 discretionary budget request, which includes $842B in Defense and $942B in Civilian discretionary budgets. The request also includes a $74.4B Civilian Information Technology budget.

In its third annual budget request the Biden Administration proposes increases to the discretionary budgets of nearly every Executive Branch department and agency across both the Defense and Civilian sectors - some modest, some significant. Several departments are requesting double-digit increases compared to FY 2023. This report analyzes the full FY 2024 discretionary budget request to determine the impact of the proposed budget on the federal contracting community.

The FY 2024 budget supports the administration's key policies, programs and agency reforms that drive its agenda around climate change, economic equity, public health, national infrastructure and national defense. The Biden Administration continues to emphasize IT modernization, cybersecurity and investments in key technologies as critical mission enablers, presenting potential contracting opportunities in systems modernization, cloud computing, artificial intelligence, data analytics, automation and cybersecurity.

Key Findings

• Funding Administration Priorities. The FY 2024 budget request of $1.8T expands on the Biden Administration's agenda to fund progress in key priority areas, such as public health, cybersecurity, climate change, R&D and IT.
• Addressing National Security. National security concerns - including those related to China, Russia and technology progress - boost DOD's $842B budget request however growth is targeted; some parts of DOD reflect flat or declining budgets.
• Boosting Supply Chains. The administration continues its focus on supply chain, with planned investments to boost domestic manufacturing.
• Civilian IT Modernization. The $74B FY 2024 IT budget agenda for civilian agencies continues the focus on IT modernization, customer experience, data as a strategic asset, cloud computing, data analytics and cybersecurity.
• Bolstering Cybersecurity. Cybersecurity is a top funding priority, with a government-wide emphasis on advancing zero trust principles and practices; software supply chain cybersecurity; agency threat detection and response capabilities; encryption to protect sensitive data and systems; and migration to post-quantum cryptography.
• Promoting Innovation. Priorities to sustain U.S. technological leadership will drive significant R&D and technology innovation opportunities in artificial intelligence, high performance computing, quantum information systems, robotics, advanced communications technologies, biotechnology and cybersecurity.

Critical Insight for Vendors

This report delivers a comprehensive view of upcoming federal spending plans. Its purpose is to augment business development planning through strategic and tactical insight into the budget request.

The report provides:

• Top FY 2024 Biden Administration discretionary budget priorities
• Federal initiatives driving IT investment and acquisitions
• Analysis of agency discretionary and IT budgets, priorities and initiatives
• Departmental technology spending on Development, Enhancement and Modernization (DME) versus Operations and Maintenance (O&M) funding
• Departmental analysis of IT budgets by cost towers and pools as structured by the Technology Business Management framework.

Deltek's FY 2024 Federal Budget Request: Priorities and Opportunities report is delivered in PowerPoint® format, including a PowerPoint® Executive Briefing, and an Excel® data workbook.