Pentagon missing billions in equipment

The GAO findings come on the heels of the Pentagon in November failing its fifth audit in a row.



January 24, 2023 - 5:47 PM

This picture taken December 26, 2011 shows the Pentagon building in Washington, DC. (Staff/AFP via Getty Images/TNS)

Defense spending is vital to ensure the nation’s security. But that doesn’t mean the Pentagon should be above budget scrutiny. Far from it, as a recent audit reveals.

Last week, the Government Accountability Office concluded that the Pentagon cannot account for at least $220 billion in military gear given out to defense contractors. Nor is this a new phenomenon. 

The report found that the Defense Department has for at least four decades “struggled” to accurately inventory billions in “government furnished property,” or GFP in bureaucratese.

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