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Elon Musk: U.S. is losing $700 billion a year due to government fraud

Elon Musk, head of the Department of Government Efficiency

© APA | Elon Musk, head of the Department of Government Efficiency

# 04 February 2025 11:55 (UTC +04:00)

Elon Musk, head of the Department of Government Efficiency (DOGE) noted on X platform that fraud in the federal government is closer to 10% of disbursements, so more like ~$700 billion per year, APA reports.

"Outright waste is at least 15%, so another trillion+ dollars. Anyone who works in government knows this," Musk noted.

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