US EditionPublished • loading... • Updated
Cost of federal IT project explodes to up to $6.6 billion
- The federal government now estimates up to $6.6 billion in costs to update systems for Old Age Security, Canada Pension Plan, and Employment Insurance benefits, over three times the original budget of $1.75 billion set in 2017.
- The project involves migrating these benefit programs to a cloud-based platform under Employment and Social Development Canada.
- Spending increases are due to higher cybersecurity threats, better understanding of project complexity, and project expansion, with $1.8 billion spent by December 2025.
- The completion timeline has shifted from 2030 to a range between 2030 and 2031.
Insights by Ground AI
15 Articles
15 Articles
The federal government estimates that it may have to spend up to $6.6 billion to modernize the systems it uses to provide benefits to Canadians – more than three times the amount planned for the launch of the project.
·Montreal, Canada
Read Full Article
Coverage Details
Total News Sources15
Leaning Left8Leaning Right1Center3Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 25%
Factuality
To view factuality data please Upgrade to Premium
