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You are here: Home / Government Contracting News / The Pentagon’s spending data doesn’t add up

November 22, 2017 By AMK

The Pentagon’s spending data doesn’t add up

The Defense Department’s $700 billion budget dwarfs that of other federal agencies. Nonetheless, it hasn’t managed to find sufficient resources to accurately report how it spends all its funds.

The department falls well short of requirements under the 2014 Digital Accountability and Transparency Act to show where its money goes.

The Defense Department’s senior accountable official “did not comply with the DATA Act,” the Pentagon’s inspector general said in a Nov. 8 report. “Specifically, for the second quarter of fiscal 2017, the [Defense] comptroller “did not certify and submit complete award data, timely award data, accurate financial and award data, and quality financial and award data for publication on USASpending.gov,” auditors found.

Additionally, the department “did not implement and use the governmentwide award data elements established” by the Office of Management and Budget and the Treasury Department.

Keep reading this article at: http://www.govexec.com/defense/2017/11/pentagons-spending-data-doesnt-add/142473

Filed Under: Government Contracting News Tagged With: DATA Act, DoD, FPDS, IG, OIG, OMB, Pentagon, spending, Treasury Dept., USASpending

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