The improper payment rate for fiscal 2024 was down to 3.97%, or about $161.5 billion, signaling a decrease in financial mismanagement by federal agencies.
President-elect Donald Trump vowed that his Department of Governmental Efficiency, an advisory effort, will have an action plan to eliminate fraud and improper payments within six months.
The Government Accountability Office estimated annual losses due to fraud as high as $521 billion, a figure challenged by the Office of Management and Budget for its credibility.
The $236 billion in improper payments reported for 2023 included several categories such as underpayments and instances of unknown payments, complicating accountability efforts.
#improper-payments #government-fraud #biden-administration #trump-administration #financial-accountability
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