Department of Finance to Save $17 Million by Insourcing IT Roles

What's Happening?

The Department of Finance has announced plans to save $17 million by 2029 through insourcing IT roles. This initiative is part of a broader government strategy to reduce reliance on external contractors and consultants. The department aims to enhance the Australian Public Service's capability by insourcing core functions, particularly focusing on the Central Budget Management System. This move aligns with efforts to build an innovative and adaptive ICT workforce and improve cyber posture by modernizing technology platforms.

Why It's Important?

The decision to insource IT roles reflects a strategic shift towards strengthening internal capabilities and reducing costs associated with outsourcing. By bringing IT functions in-house, the Department of Finance aims to improve efficiency and control over critical systems, potentially leading to better service delivery and enhanced security. This approach may influence other government agencies to reconsider their reliance on external contractors, impacting the broader public service landscape and the IT industry.