Agencies now allowed to have 'deceptive' budget plans

Government agencies are being given permission to “modify” information in their budgets and public financial statements to conceal spending on some programs, reports Joseph Farah’s G2 Bulletin.

The new permissions were announced by the Federal Accounting Standards Advisory Board, which said the objective is to balance “the need for financial reports to be publicly available with the need to prevent the disclosure of classified national security information.”

However, the Federation of American Scientists bluntly stated the accounting board is approving of “deceptive budget practices.”

“Government agencies may remove or omit budget information from their public financial statements and may present expenditures that are associated with one budget line [READ MORE HERE]

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