Government Matters Logo
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
One of the most persistent problems in the federal government has been improper payments, where funds paid from government services are either an incorrect amount, or shouldn’t have been provided at all. According to Nick Sinai, former U.S. deputy CTO and venture partner at Insight Venture Partners, $144 billion worth of improper payments were made […]

One of the most persistent problems in the federal government has been improper payments, where funds paid from government services are either an incorrect amount, or shouldn’t have been provided at all. According to Nick Sinai, former U.S. deputy CTO and venture partner at Insight Venture Partners, $144 billion worth of improper payments were made in 2016, $36 billion of which were paid to “ineligible beneficiaries.”   Currently the method for stopping improper payments is to “pay and chase,” where the payment has already been made. Though offices within the Treasury have been tasked with making sure these payments aren’t approved in the first place, it’s an uphill battle if they can’t get the right data.   “This particular program office is fighting with one arm tied behind its back,” Sinai told Government Matters. “We really haven’t equipped it with the data and the analytics to help other agencies.”   Sinai says that with the right tech and the right people, there’s no reason that this problem can’t be solved in the near future.   “The administration can do a few things; One, they can focus on this particular issue, they can fast track things at OMB… and they can push for some statutory legislative fixes with IPERIA(Improper Payments Elimination and Recovery Act of 2012),” Sinai said.

Sponsored Content

Agency in Motion: IRS

Watch Agency in Motion: IRS Wednesday, October 20th at 8:30 and 10:30 PM on WJLA 24/7 News
More
October 2021
S M T W T F S
 12
3456789
10111213141516
17181920212223
24252627282930
31  
Where to Watch
  • Weeknights at 8 PM and 10:30 PM on WJLA 24/7
  • Sunday Mornings at 10:30 AM on 7News
  • AFN American Forces Network
    Worldwide on American Forces Network
Our Brands
  • Government Matters Logo
  • Government Matters Defense
  • Government Matters Thought Leadership Network