{"id":142472,"date":"2024-11-17T15:00:34","date_gmt":"2024-11-17T13:00:34","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142472"},"modified":"2024-11-17T01:29:07","modified_gmt":"2024-11-16T23:29:07","slug":"pentagon-admits-824-billion-in-missing-funds-amid-financial-chaos","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/pentagon-admits-824-billion-in-missing-funds-amid-financial-chaos\/","title":{"rendered":"Pentagon Admits $824 Billion in Missing Funds Amid Financial Chaos"},"content":{"rendered":"

For the seventh consecutive year, the DoD failed<\/a> <\/strong>to provide an accurate budget report, with only nine of its 25 divisions receiving clean audit opinions. The rest either had errors or couldn\u2019t be verified due to poor financial records. The Pentagon\u2019s inability to track billions in taxpayer money has led to widespread waste, including $220 billion worth of untracked spare parts.<\/p>\n

Despite spending $4 billion to improve accounting practices, the DoD continues to mismanage funds, raising concerns about further budget increases. While the defense budget is expected to surpass $1 trillion by 2027, taxpayers are footing the bill, potentially affecting public services like education and healthcare. Public confidence in the economy has also faltered, with 60% of Americans rating it negatively, largely due to rising inflation and living costs.<\/p>\n

Some experts suggest that blockchain technology could solve the Pentagon\u2019s financial woes. By providing transparent, real-time tracking, blockchain could help the DoD better account for its spending and assets, ensuring more efficient use of funds.<\/p>\n