GAO Report: Billions of Taxpayer Dollars Lost to Government Overlap and Duplication

A new report from the U.S. Government Accountability Office (GAO) reveals that billions of dollars worth of taxpayer money has been lost due to cases of overlap, duplication, and fragmentation by the federal government.

As Just The News reports, the GAO report specifically lists 112 different solutions that the government could take in order to reduce these mistakes and save money.

One of the suggestions made by the report calls for the Defense Counterintelligence and Security Agency to make sure that its working capital fund cash balance remains within its operating range, in order to save hundreds of millions of dollars through reduced prices. The report also calls for improving sole proprietor tax compliance, so as to increase revenue every year to the tune of hundreds of millions of dollars.

The GAO released another report last month estimating that fraud losses cost taxpayers anywhere from $233 billion to $521 billion on an annual basis.

“This year’s report provides Congress and federal agencies with new opportunities to save federal dollars, increase revenue, and improve the efficiency and effectiveness of a wide range of federal programs,” said Gene Dodaro, comptroller general and head of the GAO.

“By addressing this year’s pointed list, as well as open recommendations to both agencies and Congress from GAO’s past work, the federal government could potentially save tens of billions of dollars,” Dodaro added.