Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, how much Government expenditure lost to fraud has been recovered by the Public Sector Fraud Authority in each year since its establishment.
The PSFA was established in August 2022 - as such we only have audited counter fraud savings up to March 2023 (FY 2022/23).
In 22/23 the PSFA set a target of delivering £180m of savings to the taxpayer. In fact the PSFA far surpassed this within the first 12 months by preventing and recovering £311 million. As it enters its second year, the PSFA has a target of achieving £185 million of savings for the taxpayer.
This shows the Government is delivering its mission to transform the way we fight fraud and safeguard taxpayers’ money. Every pound we save in taking action on fraud reduces the cost of public services and makes taxpayers’ money go further. Better use of data and technology has been key in achieving this.