Faced with an unprecedented fiscal challenge, the government has taken tough decisions to reduce Britain’s largest ever peacetime deficit.
To ensure that those plans are delivered, the government has set out a new, more robust framework for strengthening and improving spending control.
The Improving Spending Control document explains this new framework and how it will be supported by incentives and penalties.
Departments, devolved administrations, and their arms-length bodies will be required to monitor and manage information about spending more effectively and improve the skills needed to deliver their spending plans.
They will be required to share that information with the Treasury on a regular and consistent basis. Those with good financial management will be given more freedom while those with bad management will be subject to more Treasury control.
A press notice, speech accompany this publication.