The Defense Department set ambitious cost-saving goals to the tune of some $10 billion in its 2012 budget request.
In particular, the committee zeroed in on about $885 million in âunrealistic savings estimates,â Federal Times reports.
Overall, the Pentagon said it could save $10.7 billion in cost-savings, known as efficiencies, in the coming fiscal year.
“The committee urges the secretary of defense to reassess the efficiency savings estimates, restore funding when required and develop contingency plans to mitigate the effect on operations and readiness if the savings do not materialize,” reads a committee report attached to the panelâs appropriations bill.
More recently, in April, the White House announced even deeper defense cost-savings — about $400 billion over 12 years.