Feds Made $124.7B in Improper Payments in 2014; ‘Almost $1 Trillion’ Over 12 Years

(CNSNews.com) - The federal government made an estimated $124.7 billion in improper payments in fiscal 2014 and has made “almost $1 trillion” in improper payments over the past twelve years, U.S. Comptroller General Gene Dodaro, head of the Government Accountability Office, told the Senate Finance Committee last week.

“In fiscal year 2014, agencies reported improper payment estimates totaling $124.7 billion, a significant increase—almost $19 billion—from the prior year’s estimate of $105.8 billion,” Dodaro told the committee in written testimony.

“The almost $19 billion increase was primarily due to the Medicare, Medicaid, and Earned Income Tax Credit programs, which account for over 75 percent of the government-wide improper payment estimate,” he said.

More