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122154 1 (1983-08-04)

handle is hein.gao/gaobactda0001 and id is 1 raw text is: U.S. GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 FOR RELEASE ON DELIVERY EXPECTED 9:30 A.M. EDT THURSDAY, AUGUST 4, 1983 STATEMENT OF JOHN F. SIMONETTE ASSOCIATE DIRECTOR ACCOUNTING AND FINANCIAL MANAGEMENT DIVISION BEFORE THE SUBCOMMITTEE ON POSTSECONDARY EDUCATION COMMITTEE ON EDUCATION AND LABOR HOUSE OF REPRESENTATIVES ON DEBT COLLECTION AT THE DEPARTMENT OF EDUCATION Mr. Chairman and members of the Subcommittee, thank you for the opportunity to appear before you to discuss debt collection at the Department of Education. Debts owed the Government are enormous and growing each year, with billions of dollars delinquent. Federal agencies reported that, at the start of fiscal 1982, receivables due from U.S. citizens and organizations exceeded $180 billion, over $33 billion of which was delinquent. By the end of fiscal 1982, these amounts had further increased to approximately $200 bil- lion and $38 billion, respectively, with nontax delinquencies totaling about $14 billion.

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