Article: MOD statement on Public Accounts Committee report on Appropriation Accounts 1998-99.

M2 PRESSWIRE-25 August 2000-UK Government: MOD statement on Public Accounts Committee report on Appropriation Accounts 1998-99 (C)1994-2000 M2 COMMUNICATIONS LTD

RDATE:24082000

The Public Accounts Committee today published its report of its investigation into MOD's 1998-99 Appropriation Accounts.

The Ministry of Defence has issued the following statement:

"The overspend on two MOD accounts was caused by a small number of receipts coming in a few weeks late after the end of the financial year, coupled with some unforeseen expenditure on Kosovo. It's also important to point out that the Department underspent its overall cash limit ...

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