Have you worked at big companies outside tech?
Their IT budgets are often ginormous with very little to show for it. Consulting havens. Slow, if at all, moving project organizations.
It’s about size, budget models and competences.
Time for another rant:
Note that Sweden have implemented “new public management” NPM which basically pushes government agencies to govern like the ever oh so successful free market companies.
This has had many really bad side effects since the 90s and it’s right up the neoliberal alley.
In my book it’s just silly and something only professional politicians together with consultants can cook. But it’s a different story, really.