Pentagon wasted ‘$30 billion’ on contracts

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The Pentagon has wasted more than $30 billion on contracts in Iraq and Afghanistan due to shoddy management and a lack of competition, an independent inquiry said Monday. In its final report to Congress due to be released Wednesday, the bipartisan Commission on Wartime Contracting warns that waste and fraud have undermined American diplomacy, fomented corruption in host countries and tarnished the US image abroad. “Tens of billions of taxpayer dollars have been wasted through poor planning, vague and shifting requirements, inadequate competition, substandard contract management and oversight, lax accountability, weak inter-agency coordination, and subpar performance or outright misconduct by…

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Pentagon wasted ‘$30 billion’ on contracts

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Posted by on August 30, 2011. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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