DEFENSE BUDGET

Actions Needed to Improve the Management of Foreign Currency Funds

Business & Finance, Accounting, Governmental
Cover of the book DEFENSE BUDGET by Hugues Dumont, Hugues DUMONT
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Author: Hugues Dumont ISBN: 1230002250571
Publisher: Hugues DUMONT Publication: April 3, 2018
Imprint: Language: English
Author: Hugues Dumont
ISBN: 1230002250571
Publisher: Hugues DUMONT
Publication: April 3, 2018
Imprint:
Language: English

DOD requested about $60 billion for fiscal years 2009 - 2017 to purchase goods and services overseas and reimburse service-members for costs incurred while stationed abroad. DOD uses foreign currency exchange rates to budget and pay (that is, disburse amounts) for these expenses. It also manages the FCFD account to mitigate a loss in buying power that results from foreign currency rate changes...

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DOD requested about $60 billion for fiscal years 2009 - 2017 to purchase goods and services overseas and reimburse service-members for costs incurred while stationed abroad. DOD uses foreign currency exchange rates to budget and pay (that is, disburse amounts) for these expenses. It also manages the FCFD account to mitigate a loss in buying power that results from foreign currency rate changes...

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