Managing financial resources to deliver public services

Managing financial resources to deliver public services
Author :
Publisher : The Stationery Office
Total Pages : 52
Release :
ISBN-10 : 0102952922
ISBN-13 : 9780102952926
Rating : 4/5 (22 Downloads)

Book Synopsis Managing financial resources to deliver public services by : Great Britain: National Audit Office

Download or read book Managing financial resources to deliver public services written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2008-02-20 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the management of financial resources to deliver better public services effectively. Divided into four parts, with appendices, it looks at the following areas: Part 1: The importance of managing financial resources; Part 2: Developing the skills and awareness necessary for effective financial resource management; Part 3: Improving departments' use of techniques and practices for managing financial resources; Part 4: The impact of improved management and financial resources. Financial rsource management is relevant to every aspect of a Government department's business. By 2010-11, central government spending is forecast to grow to £678 billion, which represents £11,000 for every person in the UK. The NAO has set out a number of findings and recommendations, including: that the lack of financial skills and awareness amongst non-finance staff remains a significant barrier to improving the management of financial resources across government; that some departments lack a qualified Finance Director at Board level; that senior managers in many departments are not provided with incentives to promote sound management of financial resources; that Departments could do more to improve their forecasting capabilities; that some Departments are not sufficiently well placed to integrate financial and operational performance information; that many Departments do not always ensure the full assessment of the financial implications of policy proposals.


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Dated October 2007. The publication is effective from October 2007, when it replaces "Government accounting". Annexes to this document may be viewed at www.hm-t