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Wednesday, February 08, 2006

Bush budget seeks to cut NASA financial management funding

"The Bush administration wants to cut the budget for NASA's troubled financial management system by 30.8 percent.

The fiscal 2007 budget requests $108.2 million for the Integrated Enterprise Management Program (IEMP), formerly known as the Integrated Financial Management Program, down $48.1 million from last year's request of $156.3 million.

In October, Government Accountability Office auditors warned that NASA risks inaccurately reporting the cost of its most expensive space missions because the agency has struggled for more than a decade to build a modern financial management system. "

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