TRANSLATION: WE WERE SPENDING MONEY LIKE NOBODY’S BUSINESS
Topic: Internal Revenue Service, Once in a Lifetime, Federal Agencies, Inspectors General09. October 2007 |
Print This Post
|
Email This Post
|
Jim McElhatton of the Washington Times reports that an internal IRS audit has uncovered a spike in spending at the revenue organization at the end of the government’s fiscal year. Often government agencies try to spend down any surpluses at this time rather than face a smaller budget approved by Congress as a result of unspent funds. While expenses may be legitimate, vendors often overprice when an agency rushes to spend. In a fine example of bureaucratese, the IRS’s own director of procurement acknowledged that "a correlation exists between increased spending at the end of the fiscal year and the likelihood of occurrence of … ineffective procurement actions."


understandinggov.org