Save time by listening to our audio articles as you multitaskAs countries scale back unparalleled emergency-relief programmes there is growing interest in where the funds went. Theestimates that since January 2020 governments have doled out $15.5trn in non-health-care spending and loans in response to the covid-19 pandemic. The rush to support households and firms led to poor procurement, messy programmes and inadequate oversight.
Spending in America was larger—and so was the waste. The Secret Service reckons $100bn has been stolen from the $2.2trnAct. If pre-pandemic fraud levels were sustained, at least $87bn in unemployment insurance—which got a budgetary bump during the pandemic—would have been captured by crooks. Auditors reckon the true fraud rate is much higher.
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Wow! It's almost as if the government can't be trusted with the public's money.....NAAAW! THAT'S CRAZY TALK! 🤣
Was it used to pay the mules?
Virtually all of it fell into wrong hands. That’s the point of stimulus
That money is already in Africa with the help of you know who?
The poor kids. I hope someone has sorted them out with food since.
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