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The Defense Department, which has promised to publish a reliable account of how it spends its money by 2017, has discovered that its financial ledgers are in worse shape than expected and that it will have to spend billions of dollars in the coming years to make its financial accounting credible
The Government Accountability Office said in a report last month that although the services can now fully track incoming appropriations, they still can't demonstrate that their funds are being spent as they should be.
But the effort to speed accountability will itself be costly. Pentagon officials were already budgeting $300 million a year for new accounting systems and other preparations for 2017. The CPI reported that several officials estimated that meeting the earlier deadline could cause that spending to rise beyond a billion dollars over the next three years.
Originally posted by benrl
really 300million to fix the problem of "gee whered all that money go"...
I ran a business fairly efficiently with something called quicken...edit on 13-10-2011 by benrl because: (no reason given)