Half a trillion unaccounted for on federal spending transparency website
The federal government can’t find $619 billion dollars on the website it built six years ago to give a transparent account of its spending activities. USA Today‘s Gregory Korte has the full story:
A government website intended to make federal spending more transparent is missing at least $619 billion from 302 federal programs, a government audit has found. And the data that does exist is wildly inaccurate, according to the Government Accountability Office, which looked at 2012 spending data. Only 2% to 7% of spending data on USASpending.gov is “fully consistent with agencies’ records,” according to the report….OMB spokesman Jamal Brown said the administration is already working to improve the data.
The website is currently maintained by the Office of Management and Budget, and had an initial budget of $15 million.
Hat tip to AEI’s Arthur Brooks for the tweeting the story.
Half a trillion unaccounted for on federal spending transparency website
