Many projects, he claims, have been awarded with no public tender and end up over-budget, late or poorly built.
We asked people on a holiday budget what they would do if they found the perfect gift for someone, but it would put them over-budget.
For example, a recent report says that that there was a dramatic increase in late and over-budget projects in 2010 as compared with 2009.
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Edinburgh also got the National Museum of Scotland, adjacent to the Royal Museum in Chambers Street, and - notoriously over-budget - the new Parliament building.
In addition, some of Nasa's biggest science programmes are over-budget.
In 2009 the Pentagon realised that a breach of the Nunn-McCurdy rules on over-budget defence-procurement programmes was inevitable, because costs would exceed the original baseline by more than 50%.
Then, scrapping the over-budget project was hailed as the right decision, and now cost has become an even bigger factor as the Pentagon will have to get along with shrinking appropriations.
In effect, for all of the recent over-the-top budget drama, the deal preserves the unsustainable fiscal status quo, which is to say Congress will continue to spend far more than it is willing to collect in taxes.
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The project is three years late and at least 5bn euro over budget - or more than double that according to some calculations.
Well it's doubtful that France, with its strong Gaullist traditions, will ever surrender sufficient control over budget-making to a centralised extra-territorial authority (Brussels or Berlin, depending on where you think the power would in practice reside).
And it is often forgotten by Republican leaders that this is the case, that some of the very Republican leaders in office now who claim as their objective deficit reduction, primary objective, presided over enormous budget-busting legislation in the previous administration.
But sceptics note that rich, single-minded Finland is over budget and behind schedule with its new nuclear-power plant.
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In November's pre-budget report, the Treasury forecast much lower current-budget surpluses over the next four years than in the 2001 budget.
The flow of EU grants over the 2014-20 budget period will be stingier.
This suggests a significant increase in taxes over today (and over the House-passed budget) and a big drop in deficits.
For example the committee has decided to look at the "landscape" of defence procurement - or to put it another way, at why so many major weapons programmes seem to go over budget and over-time, while often failing to deliver the promised capabilities.
Although the Bretton-Woods system (1948-1971) was a pseudo-gold-standard manipulated by central banks, it was far superior to the fiat paper regimes seen since 1971, which have contributed so much to the boom-bust cycle, to unprecedented market volatility, over-leveraging, government budget deficits, debt crises, and economic stagnation.
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The panel has called for closer collaboration during the early stages of budget-setting and more detail over the results of budget proposal public consultations.
The chart shows a very strong uptrend, which favors continued improvement despite the apparent short-term fears over the budget cuts.
David Cameron is likely to paint a rather different picture of Labour's stewardship of the economy, blaming them for presiding over the biggest post-war budget deficit and potentially putting at risk Britain's international credit rating.
Failure to reach agreement on the seven-year budget would mean the EU rolling over annual budgets - a method that would be more expensive and would complicate long-term projects.
It's also worth noting that he has to balance the budget over a five-year "rolling" period.
Mr. Obama used his last bit of leverage to prevail over Republicans in the fiscal-cliff budget negotiations late last year.
"The coalition inherited a defence budget that was over-committed, " says Dr Paul Cornish, head of the international security programme at Chatham House.
He gave a statement to MEPs on 21 November 2012 following the breakdown of talks with the Council of Ministers - which represents EU governments - over next year's budget.
Also, considering the speed of evolution of mobile device features and operating systems, evolving field requirements, ongoing maintenance of multiple platforms can cost multiple times the initial development budget over a five-year period.
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Federal Reserve Chairman Ben Bernanke is warning members of Congress they need to come up with a plan - a plan to reign in huge budget deficits - once the recession is over.
For some departments, the drop is bigger because they over-ran even last year's budget.
To trim bureaucratic powers, it proposes to hand over the Finance Ministry's budget-drafting responsibilities to a new body, the cabinet office.
The VA has seen one of the largest increases in its budget in over 30 years -- in the past 30 years, rather.
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