Elon Musk said that the Department of State Efficiency (DOGE) under his leadership will perform most of the work necessary to reduce the deficit by $ 1 trillion, “in the indicated time frame”.
The DOGE project was initiated by the White House to optimize the federal budget. Mask is appointed by a special employee of the government with a restriction of up to 130 days. It is assumed that his powers will end in May.
The businessman is sure that Doge will be able to save $ 1 trillion by reducing the current total expenses of the federal government from $ 7 trillion to $ 6 trillion.
According to him, the team of the department reduces state expenses “by $ 4 billion per day, every day, seven days a week.”
At the moment, DOGE has already saved $ 115 billion for taxpayers by reducing the number of employees, selling assets and canceling contracts. Musk emphasized that the actions of his team will not affect critical public services.
According to Politico, US President Donald Trump hinted that, at the end of the 130-day period, the mask may have to return to the management of his companies on an ongoing basis.
Trump noted that the effectiveness model created by the entrepreneur will continue to work, as the members of the government have already gained the necessary experience in optimizing expenses.
Recall, on March 30, Musk said that the US authorities do not plan to use the Dogecoin meme-coin. According to him, despite the similar names, the Department has nothing to do with a “funny coin”.
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Source: Cryptocurrency
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