• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

DOGE slashes nearly $1M for alpaca farming in Peru, other questionable grants in latest wasteful spending cut

by March 5, 2025
by March 5, 2025

The Department of Government Efficiency (DOGE) on Tuesday announced the cancelation of $4.5 million in grants, including one for alpaca farming in Peru, another for reducing social discrimination of recyclers in Bolivia and another for promoting cultural understanding of Venezuelan migrants in Brazil.

The Inter-American Foundation, an agency given a $60 million budget to issue foreign grants, was reduced to its statutory minimum — one active employee, according to a statement from DOGE. 

Grants that were canceled in the process included $903,811 for alpaca farming in Peru, $364,500 to reduce social discrimination against recyclers in Bolivia, and $323,633 to promote cultural understanding of Venezuelan migrants in Brazil, according to DOGE.

Other big ticket grants that were slashed included $813,210 for vegetable gardens in El Salvador, $731,105 to improve the marketability of mushrooms and peas in Guatemala, $677,342 to expand fruit and jam sales in Honduras, $483,345 to improve artisanal salt production in Ecuador and $39,250 for beekeeping in Brazil.

DOGE, led by Elon Musk, is a temporary organization within the White House created via executive order earlier this year.

President Donald Trump tasked the organization with optimizing the federal government, streamlining operations, and slashing spending — and gave them just 18 months to do it.

As of March 4, DOGE’s website claims 2,334 contract terminations totaling $8 billion in savings, 3,489 grant terminations for roughly $10 billion in savings, and 748 lease terminations totaling about $660 million in lease savings.

It also claims to have saved about $105 billion from a ‘combination of fraud detection/deletion, contract/lease cancelations, contract/lease renegotiation, asset sales, grant cancelations, workforce reductions, programmatic changes and regulatory savings.’

DOGE critics allege the organization has too much access to federal systems and should not be permitted to cancel federal contracts or make cuts at various agencies.

It canceled numerous diversity, equity and inclusion (DEI) initiatives at federal agencies, consulting contracts, leases for underused federal buildings, and duplicate agencies and programs.

The Inter-American Foundation did not immediately respond to Fox News Digital’s request for comment on Tuesday.

Fox News Digital’s Eric Revell contributed to this report.

This post appeared first on FOX NEWS

0 comment
0
FacebookTwitterPinterestEmail

previous post
Conservatives flip script on Senate Dems pushing identical talking points against Trump: ‘Like robots’
next post
‘She’s really this dumb’: House Dem ripped after calling Trump ‘enemy of the United States’

Related Posts

The OECD’s Warning to America: Economic Growth Is...

October 7, 2025

Will Bitcoin Strengthen or Weaken US Dollar Dominance?

October 7, 2025

Semiconductor Giants with Tech-Industrial Ambitions

October 7, 2025

Self-described ‘unapologetic supporter of Israel’ John Fetterman weighs...

October 7, 2025

More lawmakers say they’re rejecting paychecks as government...

October 7, 2025

Trump flips his shutdown approach, leaving Congress to...

October 7, 2025

Mike Johnson fires back at Hakeem Jeffries’ ‘desperate’...

October 7, 2025

Schumer’s shutdown scheme explained: Dems double down on...

October 7, 2025

Schumer’s shutdown holds as Senate Dems block GOP...

October 7, 2025

Kennedy claims Democrats want millions for foreign LGBT...

October 7, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • The OECD’s Warning to America: Economic Growth Is Slipping

    October 7, 2025
  • Semiconductor Giants with Tech-Industrial Ambitions

    October 7, 2025
  • Will Bitcoin Strengthen or Weaken US Dollar Dominance?

    October 7, 2025
  • Asian markets open: Nikkei hits another record high, Sensex up 140 pts

    October 7, 2025
  • Top reasons why the Topix and Nikkei 225 indices are soaring

    October 7, 2025
  • Goldman Sachs boosts 2026 gold price forecast to $4,900 amid strong demand

    October 7, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025

Categories

  • Economy (2,804)
  • Editor's Pick (280)
  • Investing (185)
  • Stock (1,914)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Whole milk makes a comeback in new...

September 10, 2025

The Real Debt Threat: Government Spending, Not...

July 16, 2025

David Hume’s Stark Warning: Reason Serves Passion

March 26, 2025