Fact Check Team: Federal government loses billions annually to fraud, GAO report reveals

A recent report from the Government Accountability Office (GAO) has highlighted the staggering financial losses the federal government incurs annually due to fraud and improper payments. According to the GAO, the government loses between $233 billion and $521 billion each year to fraud, based on data from fiscal years 2018 through 2022. Additionally, improper payments, funds that should not have been paid or were paid in incorrect amounts, have amounted to approximately $2.8 trillion since 2003.