Managing Public Money

Author HM Treasury

This informative document from the HM Treasury, written in 2013 and updated in 2018, focuses on how to manage public funds with public interest at the forefront. It urges those managing public money to enact integrity, transparency, and achieve value for public money. It covers key responsibilities, governance, and working with others. It will be of particular use for those dealing with resources in the UK public sector.

Date added 26 October 2020
Last updated 26 October 2020

This informative document from the HM Treasury, written in 2013 and updated in 2018, focuses on how to manage public funds with public interest at the forefront. It urges those managing public money to enact integrity, transparency, and achieve value for public money, upholding the key themes of “fiduciary duties of those handling public resources to work to high standards of probity; and the need for the public sector to work in harmony with parliament”. The guidance document covers: the principles for managing public money; processes of parliamentary authorisation of public resources; the role and responsibilities of accounting officers; effective governance and financial management; mechanisms of funding public expenditure; fees, charges and levies for services provided; and how public sector organisations can effectively collaborate and work with others.