Weaknesses Persist in Defense Overseas Cash Management Program
FGMSD-79-6
Published: Jan 10, 1979. Publicly Released: Jan 10, 1979.
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Highlights
GAO is continuing its examination of cash management and unnecessary interest costs incurred overseas by the Department of Defense (DOD). Since the Treasury bears the cost of public borrowings, Defense organizations have little incentive to improve the management of cash beyond the general employee responsibility to conserve Government funds.
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Topics
Budget outlaysFinancial managementFunds managementInterest ratesMilitary appropriationsMilitary forcesCash managementFederal reserve banksReorganizationInternational banking