The 2024 election win for Donald Trump proved to be one of the most historic in the United States. It marked Trump’s return to the Oval Office and brought with him some ambitious ideas for the country. Among them were spearheaded efforts to slash government spending. Well, two months into his second administration, how much has the DOGE Commission saved US taxpayers so far?
Tesla (TSLA) CEO Elon Musk was set to head the effort, as he was a critical part of Trump’s campaign late last year. He has not been shy about the importance of the role, and the collective has wasted no time in taking action. The question is, just how much have they saved the country to this point?
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How Much Has Elon Musk’s DOGE Saved US Taxpayers?
For the last several years, the United States has struggled mightily with its federal debt. Currently standing at more than $36.2 trillion, the issue is starting to become unavoidable. Moreover, its repercussions on future generations are a reality that many must begin to accept.
Yet, that issue is one that the current presidential administration is looking to address. When Donald Trump was elected to serve a second term, he brought with him Elon Musk. Indeed, the world’s richest man has become the face of government efforts to curtail what is rampant spending. Now, two months into the term, how much has the DOGE commission saved US taxpayers so far?
Contract update!
— Department of Government Efficiency (@DOGE) March 9, 2025
On Friday, there were 162 cancellations of non-essential contracts with a ceiling value of ~$205M and savings of $90M.
This included @USDA cancelling a $10.3M unnecessary contract which, ironically, was for identifying unnecessary contracts. pic.twitter.com/LpH2zqizOj
Also Read: Elon Musk’s DOGE Role Clarified as White House Denies He’s in Charge
According to the department’s official website, the commission has brought forth an estimated savings of $115 billion. Moreover, they note the funds are from a “combination of asset sales, contract/lease cancellations and renegotiations, fraud and improper payment deletion, grant cancellations, interest savings, programmatic changes, regulatory savings, and workforce reductions.”
Moreover, the department also estimated they have saved more than $714 per taxpayer. Indeed, the figure is calculated using an estimation of 161 million federal taxpayers. Additionally, the commission displays a “wall of receipts,” sharing the source of the savings.
That shows that contract terminations equate to more than $20 billion saved, grant terminations equal $17 billion in savings, and lease terminations surpass $500 million saved. Although there is little in-depth information, the group notes that “descriptions are forthcoming.”