Government Cost Reduction Act

[AI summary unavailable — showing source text] Government Cost Reduction Act - Title I: General Provisions - Declares that the purpose of this Act is to reduce the costs of Government to the taxpayers and to improve Government productivity. Title II: Agency Program Appraisal - Requires the head of each Executive agency to: (1) classify its activities into programs and identify each program under its jurisdiction; (2) set forth long term goals of each such program; and (3) review and revise, if appropriate, program categories and goals at least every four years. Directs each agency head: (1) to provide for the collection and analysis of information necessary for the evaluation of each program and of the agency's success in reducing program costs; and (2) to develop program performance indicators based on the annual and long-term goals of the program and the annual cost-reduction objectives for the program. Requires each agency head to submit to the President for each fiscal year a management improvement plan. Directs the President to review such plans and establish annual program goals and cost-reduction objectives for the fiscal year for each agency and each designated program having the greatest need for improved management. R…