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John Phelan: “We get this budget, and you either spend it or lose it, and…”

Featuring: John Phelan, Secretary of the Navy | National

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Morning Keynote: The Honorary John Phelan

Published | Video Starts at 57:46

And I think we've got to be more prescribed in what we're looking at and treating every dollar we have dearly and trying to do it. And again, I don't blame the Navy. We get this budget, and you either spend it or lose it, and that leads to some of the inefficiency. What I'm trying to do is I know I can't change that system, but what I can change is how we efficiently allocate it and think about it and make it more productive when we're putting it out there. (57:46–57:52)

CLAIM

Asserts that the spend-it-or-lose-it budget policy leads to inefficiency.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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