The federal government reported $236 billion in improper payments in fiscal year 2023, with the vast majority coming from overpayments, according to a new watchdog report.
A U.S. Government Accountability Office report found 74% of improper payments – payments that shouldn’t have been made or were made in the wrong amount – were overpayments. Overpayments accounted for $175.1 billion of the total amount of improper payments in 2023. Overpayments are payments “in excess of what is due, and for which the excess amount, in theory, should or could be recovered,” according to the report.
Underpayments accounted for $11.5 billion of the total, or about 5% of the total. Another category is unknown payments, which are those that an agency “cannot determine to be either proper or improper because of insufficient or lack of documentation.”
“Improper payments are a long-standing and significant problem in the federal government,” according to the GAO report. […]
— Read More: justthenews.com
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