New Delhi, November 13 . Global investor Mark Mobius has said that Elon Musk, who is heading the New Department of Government Efficiency (DOGE) under the presidency of Donald Trump in the US, will be successful in reducing a large amount of wasteful expenditure of the US government.
While talking to IANS, Mobius said that Government Efficiency Chief Musk is in a good position to make necessary changes in the US government.
Mark Mobius, who runs the Mobius EM Opportunities Fund, said that this will increase productivity along with efficiency in the US.
Newly elected US President Donald Trump has announced the appointment of Vivek Ramaswami along with veteran industrialist Elon Musk to lead the New Department of Government Efficiency (DOGE). Both have been given the responsibility of rapidly changing the government by cutting wasteful expenditure.
Trump said DOGE “will probably become the ‘Manhattan Project’ of our time.” He was referring to the US efforts during World War II, in which nuclear weapons were developed in record time.
Trump said, “Both of them will work for my US administration to eliminate bureaucracy, cut wasteful spending, eliminate unnecessary regulations and reorganize federal agencies.”
Musk said that all the work of the Department of Government Efficiency will be posted online to make it more transparent. Whenever the public feels that we are ending something important or not eliminating something useless, let us know. We will also have a leaderboard for the most wasteful expenditure of your tax dollars.
Musk claims that he will be able to cut at least $ 2 trillion (168 lakh crores) in government spending through the new department.
This is a new department, so it is not clear whether its leaders will be in the cabinet or not, whether they will be recognized by the Senate or not and what their positions will be. There will be.
