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| Europe |
| Dutch auditors: Where $1 trillion NATO budget is spent? |
| 2014-06-14 |
| h/t Gates of Vienna For decades the accounting records of the North Atlantic Treaty Organization, which marked its 65th anniversary in April, remained largely 'blotted out' as classified, leaving billions of NATO dollars unaccounted for, claim auditors from the Netherlands. The official controlling body of the Dutch government, the Netherlands Court of Audit (NCA), which also audits the funds annually allocated by Netherlands government on NATO activities, collected information from open sources on NATO expenditures over the last 40 years. The results of this extensive research have been published last Tuesday on a specially-created English language website. The NCA stipulates it has no "specific mandate to audit NATO," yet the organization is involved in advising the International Board of Auditors for NATO (IBAN). Financial inspections of the last six years have brought auditors from IBAN, the NCA and other NATO member states to the conclusion that bloc's finances are not in order. State officials from all of NATO's 28 member states actually have no idea where the alliance's funds go and who's the final recipient of huge amounts of money, the NCA claims. "NATO might be wasting a lot of money, or maybe they are short of cash. Frankly, we have no idea," shared NCA President Saskia Stuiveling. |
| Posted by:g(r)omgoru |
| #4 Ferengi rule of acquisition #131: Peace is good for business. Ferengi rule of acquisition #132: War is good for business. |
| Posted by: Steve White 2014-06-14 14:29 |
| #3 Spent on hookers and blow. |
| Posted by: DarthVader 2014-06-14 13:25 |
| #2 "War us our business, and business is good." ~ Unknown |
| Posted by: Besoeker 2014-06-14 08:21 |
| #1 Oh no, a conglomeration of US DOD agencies hooked to European governments, wasting money. Say it ain't so. (Time to bid out a classified study on long term results to reduction of the revenue stream. Purely hypothetical, of course.) |
| Posted by: ed in texas 2014-06-14 08:08 |