Defence contractors have wasted or lost to fraud as much as $60bn over the past 10 years, according to a report by the Commission on Wartime Contracting in Iraq and Afghanistan.
The report, released on Wednesday, will exacerbate fears that fiscal discipline at the US Pentagon is lacking at a time when looming budget cuts could lead to greater reliance on outside contractors.
It found that at least $31bn had been wasted through poor planning and management – the equivalent of $12m a day since the invasion of Afghanistan.
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