WASHINGTON- President Barack Obama will act to rein in massive improper and wasteful payments by the government that totaled nearly $100 billion this year alone, the White House said late Tuesday.

Obama is to sign an executive order "boosting transparency, holding agencies accountable and creating strong incentives for compliance," the White House said in a statement.

The Obama administration aims to "bring the bright light of public scrutiny to these errors" by providing access to an "online dashboard" of key indicators that will allow people to view payment error rates for various agencies.

The order will also create a single mechanism to allow the reporting of suspected fraud or waste of federal funds.

"We can no longer tolerate these errors, mistakes and misdeeds," the White House said.

"Taxpayers deserve to know that their dollars are being spent wisely and effectively."

Obama's office said improper payments to individuals, organizations and contractors totaled 72 billion dollars in 2008, and a staggering 98 billion dollars this year.

Part of the increase was due to improper federal outlays linked with the economic downturn, when the US government poured hundreds of billions of dollars into stimulus projects and bailouts across several industries.

Obama's order will also require agencies to designated an appointee for meeting the improper payment reduction targets, and create incentives for agencies to reduce the errors such as allowing states to recoup expenses if they achieve results.