Research and analysis

Strengthening financial management capability in government

• From: HM Treasury and The Rt Hon Danny Alexander
• Part of: Government spending, UK economic growth, Deficit reduction, and Spending Round 2013
• Published: 27 June 2013

This publication explores the evolution of the Treasury’s role in spending control and financial management and sets out how the current framework operates, including recent developments.

Documents

Strengthening financial management capability in government

Ref: ISBN 978-1-909790-09-4 PDF, 209KB, 20 pages

Details

High quality financial management is key to ensuring that the government meets its spending plans and spends taxpayers’ money as efficiently and effectively as possible within them.

HM Treasury, acting on behalf of Parliament, is the historic guardian of financial management in government and serves as the government’s central finance function.

This document looks at the evolution of the Treasury’s role in spending control and financial management within the history of increasing public accountability for how taxpayers’ money is spent; and sets out how the current framework operates, including recent developments. It provides the backdrop to a review that the Chancellor and Chief Secretary have announced to look at how to strengthen financial management further in central government. The review will report to them by the end of the year.

Document information

Published: 27 June 2013

From: HM Treasury The Rt Hon Danny Alexander

Part of: Government spending UK economic growth Deficit reduction Spending Round 2013