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.

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