The latest President’s Management Agenda (PMA) Scorecard released today by the Office of Management and Budget (OMB) included two new areas where selected agencies will be assessed—the Improved Credit Management Initiative and the Health Information Quality and Transparency Initiative.
Through the Improved Credit Management Initiative, agencies will strengthen how they award and service Federal loans, manage their portfolios, and collect debt. The Federal Government is one of the world’s largest lenders. It had $251 billion in direct loans outstanding and over $1.1 trillion in loan guarantees as of the end of fiscal year 2006. This initiative is supported by the Federal Credit Council, consisting of representatives from the Departments of Agriculture, Education, Housing and Urban Development, Treasury, and Veterans Affairs, and the Small Business Administration.
Overall, agencies’ performance in implementing the President’s Management Agenda this quarter was uneven with 13 downgrades and 9 upgrades in status.
The latest scorecard can be found at: http://www.whitehouse.gov/results/agenda/fy07q3_scorecard.pdf.