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International Business Times
International Business Times
Vidhya Ck

Commerce Secretary Lutnick Pushes For 'Transparent' GDP Calculation By Removing Government Spending

Commerce Elon Musk Howard Lutnick GDP United States Sung Won Sohn Department of Government Efficiency Economy Recession
Commerce Secretary Howard Lutnick stated that governments have historically "messed" with GDP calculations, and added that he plans to separate the two and make the process more transparent. (Credit: AFP)

Commerce Secretary Howard Lutnick suggested Sunday that government spending could be separated from the calculation of the United States' gross domestic product (GDP).

"You know that governments historically have messed with GDP," Lutnick said on Fox News Channel's "Sunday Morning Futures." "They count government spending as part of GDP. So I'm going to separate those two and make it transparent."

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