Managing financial resources to deliver public services - House of Commons Papers 2007-08 240 (Paperback)Great Britain: National Audit Office (author)
Paperback 46 Pages / Published: 20/02/2008
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"Managing Financial Resources to Deliver Better Public Services (HC 240)" examines the management of financial resources to deliver better public services effectively. Divided into four parts, with appendices, it looks at the following areas: The Importance of Managing Financial Resources, Developing the Skills and Awareness Necessary for Effective Financial Resource Management, Improving Departments' Use of Techniques and Practices for Managing Financial Resources, and The Impact of Improved Management and Financial Resources.Financial resource management is relevant to every aspect of a Government department's business. Central government spending is forecast to grow to GBP 678 billion by 2010-11, which represents GBP 11,000 for every person in the UK.Findings and recommendations include: the lack of financial skills and awareness amongst non-finance staff remains a significant barrier to improving the management of financial resources across government; some departments lack a qualified Finance Director at Board level; senior managers in many departments are not provided with incentives to promote sound management of financial resources; departments could do more to improve their forecasting capabilities; some Departments are not sufficiently well placed to integrate financial and operational performance information; and, many Departments do not always ensure the full assessment of the financial implications of policy proposals.
Number of pages: 46
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