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GAO Says It Saved $63B For Gov't In 2016

Law360, Nashville (January 20, 2017, 4:23 PM EST) -- The U.S. Government Accountability Office on Wednesday said it had helped save the federal government more than $63 billion in fiscal 2016, pointing to efforts such as helping to stem improper Medicare payments, cut procurement costs, and streamline tax collection.

The efforts of the GAO’s nearly 3,000 employees collectively generated $63.4 billion in benefits for the federal government in FY2016, returning $112 for each dollar of its $555.3 million budget, the watchdog said in its annual report to Congress.

This was well over its $50 billion benefit target, although down on the $74.7 billion it claimed to have saved the government...

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