OMB: $47 Billion in Improper Payments Avoided in 3 Years
November 21, 2012
The government avoided more than $47 billion in improper payments in the last three years, according to a senior Office of Management and Budget official.
The figure narrowly misses President Obama’s goal of avoiding $50 billion in improper payments by the end of fiscal 2012.
In reporting the news Wednesday on OMB’s blog, called OMBlog, Danny Werfel, the agency’s controller, added that the government recaptured a record $4.4 billion in overpayments to contractors in the last three years. That surpassed by more than double the president’s goal of recapturing $2 billion in overpayments to contractors by the end of fiscal 2012.