Office of Federal Financial Management Debt Management
Federal agencies are owed debts from a variety of individuals and entities, including loan repayments, duplicate or erroneous grant or entitlement payments, and fines or penalties. These debts total billions of dollars government-wide. Improving the management of these debts – especially improved performance in the collection of outstanding debts – is important to ensuring that taxpayer dollars are spent wisely and efficiently.
| Circulars: | Circular A-11, Preparation, Submission, and Execution of the Budget (Revised July 25, 2003) Circular A-129, Managing Federal Credit Programs (November 2000) |
| Legislation: | Debt Collection Improvement Act of 1996 (DCIA) (P.L. 104-134) |
| Memoranda: | M-04-10, Debt Collection Improvement Act Requirements (April 19, 2004) (4 pages, 62 kb) |
| Resources: | www.fms.treas.gov |