Sunday, July 16, 2023

Report finds $5 trillion of pandemic spending difficult to track even for experts

 Anew report found that the $5 trillion Congress spent on pandemic relief efforts has been so difficult to track that it has even stumped some government investigators.

A new report from the Pandemic Response Accountability Committee tracked $2.65 billion of pandemic relief funding to six communities.

The report found that "Data gaps make it difficult for taxpayers to know how much money their community received and for what purposes." The $2.65 billion is part of $5 trillion in federal relief given out during the pandemic.

"Existing gaps in federal spending data make it difficult for the oversight community, decision-makers, and American taxpayers to fully understand where the money went and how it was used," according to the report.

"Moreover, these gaps even make it difficult for program officials administering the funds to have a clear understanding of funding recipients and uses." The Pandemic Response Accountability Committee, which lawmakers created as part of the Coronavirus Aid, Relief, and Security Act, or CARES Act, is a committee of the Council of the Inspectors General on Integrity and Efficiency.

The team found that the 10 federal agencies included in the review provided about $2.65 billion in pandemic relief funds to the six communities through approximately 89 pandemic relief programs and subprograms during the first 18 months of the pandemic.

The team's report found "Persistent data gaps and data reliability issues." "Specifically, the time, resources, and non-public data required to identify the total amount of funding that went to the six communities illustrates the difficulty in fully understanding the recipients and uses of federal pandemic relief funds," according to the report.

https://justthenews.com/nation/states/center-square/report-finds-pandemic-spending-difficult-track-even-experts

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