The New South Wales government will save $237 million over the next two years due to a review of its IT spending practices.
About $31 million will be replaced into an investment pool, treasury deputy secretary Stephen Brady told The Australia. That fund will be used to improve the efficiency of existing IT projects.
The state’s budget also identifies 15% in cost savings from 2011-12, while the second stage of a systematic review is also set to identify key areas where savings can be achieved.
“The second phase has commenced and includes the identification of efficiencies to meet savings targets of a further 10% in 2011-12,” the budget reportedly stated.
ABOUT THE AUTHOR
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.