(UPI) — President Donald Trump on Monday signed an executive order intended to weed out wasteful spending in the federal government.

The president told reporters in the Oval Office Monday afternoon that his order calls for a “thorough examination of every executive department and agency” to find out “where money is being wasted [and] how services can be improved.”

The order does not call for specific cuts, but rather instructs federal agencies to look for areas they can slash spending they deem wasteful. The order, though, could also lead to the elimination of entire federal agencies or substantially cut back the federal workforce, The Hill reported Monday.

Office of Management and Budget Director Mick Mulvaney will oversee the review.

Trump said the order creates a “detailed plan to make the federal government … more efficient and very, very cost productive.”

Federal agencies will report their findings to Mulvaney within six months, who will then present them to lawmakers before they are implemented.

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