Musk claims fraud in federal government costs US $700 billion annually
Tech billionaire has expressed his concerns about the scale of fraud and waste in the US federal government.
According to Musk, fraud amounts to nearly 10% of government disbursements, News.Az reports.
“Fraud in the federal government is closer to 10% of disbursements, so more like $700 billion per year,” the tech billionaire posted on X.
Additionally, he estimated that outright waste accounts for at least 15%, totaling over a trillion dollars.
“Outright waste is at least 15%, so another trillion+ dollars. Anyone who works in government knows this,” he added.
Fraud in the federal government is closer to 10% of disbursements, so more like ~$700 billion per year.
— Elon Musk (@elonmusk) February 4, 2025
Outright waste is at least 15%, so another trillion+ dollars.
Anyone who works in government knows this. https://t.co/P0622Wr2Y6
Similar news
