Pentagon Rushes to Spend Billions Before End of Month
By Daniel Moritz-Rabson On 9/27/18 at 4:36 PM
The Pentagon is expected to spend more than $111 billion in three months as it rushes to use the remainder of its $700-billion budget before the end of the 2018 fiscal year on September 30, Defense One reported.
As of early August, the Defense Department had only allocated contracts worth $177 billion out of an expected $574 billion in discretionary spending, the outlet said, citing analysis by The Pulse.
"The spending spree is the product of the omnibus budget agreement signed six months late in March coupled with funding increases of $80 billion for defense," Defense One reported. "The shortened time frame left procurement officials scrambling to find ways to spend the money."
https://www.newsweek.com/pentagon-rushes-spend-billions-end-month-1137552?piano_t=1
