TeachMeFinance.com - explain Government Performance Results Act of 1993 (Public Law 103-62)
Government Performance Results Act of 1993 (Public Law 103-62) --
The law that requires federal agencies to create a framework and develop
the information that will lead to more effective planning, budgeting, program
evaluation, and fiscal accountability for federal programs. The law's intent
is to hold agencies accountable for achieving program results and to improve
budget formulation and Congressional decisionmaking. In furtherance of
those objectives, agencies must submit plans that clearly state performance
goals and indicators for each program as well as reports that evaluate
the program's actual performance.
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