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Pentagon Allowed Almost $28 Billion In Funds To Expire In 2018, Watchdog Says

January 09 2019


About $27.7 billion in defense funding was allowed to expire in fiscal 2018, according to a new report from the Pentagon's inspector general cited by the Hill (Washington, D.C.). Because the Defense Dept. did not use the funds within the timeframe allotted by Congress, the department lost its ability to spend them. The $27.7 billion spanned five years starting in fiscal 2013, reported Bloomberg News. This is less than 1 percent of the department's budget over that time period,...

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