REPORT: Amid Trump’s border wall fight, Defense Dept audit makes stunning reveal: Pentagon let BILLIONS in unused funds ‘expire’
As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by DAILYCALLER.COM:
The Defense Department has relinquished over $27 billion to the U.S. Treasury since 2013 simply because it couldn’t spend the money quick enough, according to a DOD Inspector General report released Tuesday.
The DOD was required to fork over the “expired funds” because the Pentagon failed to spend it “within the legal timeframes,” according to the report.
The article goes on to state the following:
The Pentagon reported an “expired unobligated balance” of $27.7 billion in its most recent financial report, a figure that represents the amount of unused funds the Pentagon returned to the Department of the Treasury during the five-year period between fiscal years 2013 and 2018.
Funds from the federal government “expire” if they aren’t obligated on a contract anywhere between one to three years after their date of appropriation, according to the Alternative Dispute Resolution Working Group.
— DoD InspectorGeneral (@DoD_IG) January 8, 2019
— DoD InspectorGeneral (@DoD_IG) January 9, 2019
DOD IG reveals the Pentagon let $27.7 billion ‘expire’ as Trump seeks $5.7 billion in border wall funding https://t.co/C0qjSWUVA0
— DanStiverson (@DanStiverson) January 10, 2019
— The Daily Caller (@DailyCaller) January 10, 2019
To get more information about this article, please visit DAILYCALLER.COM. To weigh in, leave a comment below.
Trending on DML News
- REPORT: NYPD cop identified who killed himself behind Staten Island precinct
- Illegal alien stowaways die after falling off plane (video)
- EXCLUSIVE: President Trump under attack! How to show your support
- REPORT: New data reveals how much the military has spent on transgender care since 2016
- REPORT: Nationwide ‘Impeach Donald Trump’ Rallies Launch Saturday
- REPORT: Dozens died in North Korean earthquake