President Donald Trump's regulatory repeal efforts have slashed or delayed hundreds of government restrictions during his first few months in office, according to a report published Thursday by the White House Office of Management and Budget .

The document indicates Trump has overseen a total of 860 regulatory actions since he took up a seat in the Oval Office in January – 469 of which were included as part of former President Barack Obama's regulatory agenda in the second half of 2016.

And the number of effective "economically significant" regulations estimated to have an annual economic impact of $100 million or more has fallen to 58 – half of what it was in the fall of 2016.

"As you see, on a daily basis, we're getting rid of regulation," Trump said last month during a White House summit with tech sector business leaders and CEOs. "My administration has been laser-focused on removing the government barriers to job growth and prosperity."

All told, the White House budget office estimates the Trump administration has managed to generate annual government savings of $22 million so far. That's compared with annual costs of $6.8 billion imposed during the final five months of 2016 under Obama. Critics, meanwhile, contend that the spree of repeals has made the country less environmentally conscious and its consumers less financially secure.

"With bankers and bank industry lawyers now controlling policy and regulation, Trump has begun dismantling the guardrails that are meant to protect the public from Wall Street," a report published Wednesday by the Public Citizen advocacy group said. "The Trump administration's changes would make Americans more vulnerable to the sort of reckless bets that upended the economy in 2008 and to scams by unscrupulous bankers."

But White House Budget Director Mick Mulvaney has said the regulatory rollback is one of several tenets of what will be needed to propel the U.S. to long-term 3 percent economic growth. In an op-ed published by The Wall Street Journal last week, he referred to that game plan as MAGAnomics – which includes Trump's "Make America Great Again" acronym and serves as a callback to Reaganomics from the 1980s.

"The focus of MAGAnomics is simple: Grow the economy and with it the wealth of, and opportunity for, all Americans," Mulvaney wrote. "If we enact the president's broad agenda – if MAGAnomics is allowed to work – we will have set the stage for the greatest revival of the American economy since the early 1980s."

In a statement Thursday, Mulvaney said Trump has allowed the government to use "muscles it hasn't used in a really long time, exposing and removing redundant and unnecessary regulation."

The crown jewel of regulatory repeal bills floating around Capitol Hill this year, however, has yet to make it to Trump's desk. The House last month passed the Financial Choice Act – which would significantly retool the Consumer Financial Protection Bureau, restructure responsibilities granted to the Federal Reserve and broadly erode much of the post-recession Dodd-Frank Wall Street Reform and Consumer Protection Act.

Trump has repeatedly expressed interest in taking down aspects of Dodd-Frank, which he says are too restrictive on banks for them to loan to consumers and small businesses. But the Financial Choice Act is currently held up in the Senate and may face a tough battle, given its strong Democratic opposition and Senate Republicans' reported preference for a separate regulation-focused proposal.

Still, the president boasted at a White House event earlier in the week that he'd "signed more bills – and I'm talking about through the legislature – than any president ever."

"For a while, Harry Truman had us, and now I think we have everybody," he said. "I better say 'think,' otherwise they'll give me a Pinocchio, and I don't like those."

The "Pinocchio" reference stems from a fact-checking series maintained by The Washington Post . And, as the Post eventually pointed out, Trump missed the mark on this claim, having signed 42 bills so far this year. Through his first 178 days, he ranks behind the likes of Jimmy Carter's 70, George H.W. Bush's 55 and Bill Clinton's 50. Going back further, Dwight Eisenhower, John F. Kennedy and Richard Nixon also clocked in ahead of Trump.