Financial prudence?

The government frequently crows about financial prudence: so how does it explain this?

The handling of a £1.5bn computerised farm payments scheme by two senior civil servants is condemned by MPs today as "a masterclass in bad decision-making" which could land taxpayers with a £500m extra bill. A highly critical report from the Commons public accounts committee accuses Sir Brian Bender, then permanent secretary at the Department for Environment, Food and Rural Affairs, of being "largely responsible" for the fiasco, which left tens of thousands of farmers without any cash from the European Union.

The fact is that that the government is totally profligate with your money. And don't forget it is your money (government's don't actually have any money of their own).