Managing Financial Resources to Deliver Better Public Services

Managing Financial Resources to Deliver Better Public Services

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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 Ap678 billion, which represents Ap11, 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.National Audit Office ... semi structured interviews with Finance Directors or Directors General for Finance from six government departments; a–i semi structured interviews ... of the later elements we were able to obtain more detailed evidence regarding the key issues covered by the study and to cross- reference our findings.

Title:Managing Financial Resources to Deliver Better Public Services
Author:Great Britain. National Audit Office
Publisher:The Stationery Office - 2008-01-01


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