Topline: The federal government loses between $233 billion and $521 billion to fraud every year, according to a new study from the Government Accountability Office.
Key facts: The fraud losses represent 3 to 7 percent of the $40 trillion the federal government obligated from 2018 to 2022, a ratio the GAO says is comparable to other large governments like the U.K.
The dollar figure includes only crimes that cause the government to lose money it already has — not tax fraud or other ways the government loses potential revenue.
