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Lost federal revenue, property, money jumps to $649.5-million in 2023-24: Public Accounts

A massive spike in reported lost federal revenue, combined with reported losses—accidental and otherwise—of public property and money, made 2023-24 a record year for such losses at close to $649.5-million overall, the highest such total in the last 10 years of federal public accounts.

In 2022-23, losses across these three categories had totalled $534.2-million.

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