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Managing for Results: Experiences of Selected Credit Programs

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Report Type Reports and Testimonies
Report Date Feb. 19, 1998
Report No. GGD-98-41
Subject
Summary:

The Government Performance and Results Act of 1993 requires federal agencies to set goals, measure performance, and use performance information to improve results. Since the passage of this legislation, many agencies have been preparing for its governmentwide implementation starting in the fall of 1997. In June 1997, GAO concluded that governmentwide implementation would be uneven. (See GAO/GGD-97-109.) That report also briefly discussed the experiences of federal credit programs in developing goals and measures under the Results Act. Federal credit, or loan, programs are generally intended to provide financial assistance to borrowers that the private sector will not serve. This report provides additional information on major credit agencies' efforts to implement the Results Act. It also describes the efforts of the Federal Credit Policy Working Group--an interagency advisory group on credit management policy--to develop common performance measures for credit programs.

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