Treasury Minutes On The Forty Eighth The Forty Ninth And The Fifty First To The Fifty Seventh Reports From The Committee Of Public Accounts 2007 2008

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Treasury minutes on the forty eighth, the forty ninth, and the fifty first to the fifty seventh reports from the Committee of Public Accounts 2007-2008

Author : Great Britain. Treasury
Publisher :
ISBN 13 : 9780101754521
Total Pages : 53 pages
Book Rating : 4.7/5 (545 download)

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Book Synopsis Treasury minutes on the forty eighth, the forty ninth, and the fifty first to the fifty seventh reports from the Committee of Public Accounts 2007-2008 by : Great Britain. Treasury

Download or read book Treasury minutes on the forty eighth, the forty ninth, and the fifty first to the fifty seventh reports from the Committee of Public Accounts 2007-2008 written by Great Britain. Treasury and published by . This book was released on 2009 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reports were published as HC 508 (ISBN 9780215524294); HC 641 (ISBN 9780215524430); HC 601 (ISBN 9780215524898); HC 571 (ISBN 9780215524928); HC 655 (ISBN 9780215524973); HC 251 (ISBN 9780215525031); HC 712 (ISBN 9780215525352); HC 814 (ISBN 9780215525468); HC 684 (ISBN 9780215525482) of session 2007-08 respectively

Treasury Minutes on the Forty First to the Forty Fourth, the Forty Sixth, the Forty Ninth to the Fiftieth, and the Fifty Fourth Reports from the Committee of Public Accounts 2008-2009

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Author : Great Britain. Treasury
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (614 download)

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Book Synopsis Treasury Minutes on the Forty First to the Forty Fourth, the Forty Sixth, the Forty Ninth to the Fiftieth, and the Fifty Fourth Reports from the Committee of Public Accounts 2008-2009 by : Great Britain. Treasury

Download or read book Treasury Minutes on the Forty First to the Forty Fourth, the Forty Sixth, the Forty Ninth to the Fiftieth, and the Fifty Fourth Reports from the Committee of Public Accounts 2008-2009 written by Great Britain. Treasury and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Accountability for public money - progress report

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
ISBN 13 : 9780215043740
Total Pages : 82 pages
Book Rating : 4.0/5 (437 download)

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Book Synopsis Accountability for public money - progress report by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book Accountability for public money - progress report written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2012-04-17 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is a follow-up to the Committee's report on Accountability for Public Money (HC 740, session 2010-11 (ISBN 9780215559029)) an issue at the core of the relationship between Parliament and government. Accounting Officers remain accountable to Parliament for funds voted to their departments but the policy intention is that local bodies will have significant discretion over the services they deliver. In the Government's response, 'Accountability: Adapting to Decentralisation', Sir Bob Kerslake drew a distinction between those services that government delivers directly and those that it may fund but are delivered in more decentralised arrangements. He proposed that Accounting Officers set out, in Accountability System Statements, the arrangements they have in place to provide assurance about the probity and value for money of funds spent through devolved systems. All departments are expected to produce Statements by summer 2012. Departments have made a genuine effort to develop arrangements which reconcile accountability and localism but the Statements so far are unwieldy and considerably more needs to be done to improve their clarity, consistency and completeness. There is concern that accountability frameworks must drive value for money and, critically, are sufficiently robust to address the operational or financial failure of service providers. Departments are placing increasing reliance on market mechanisms such as user choice to drive up performance and value for money, but there are limits to what these mechanisms can achieve. The Treasury needs to take ownership of the system and ensure that the Comptroller and Auditor General has the necessary powers and rights of access to examine the value for money of funds spent through devolved systems

Whole of government accounts 2009-10

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
ISBN 13 : 9780215041593
Total Pages : 44 pages
Book Rating : 4.0/5 (415 download)

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Book Synopsis Whole of government accounts 2009-10 by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book Whole of government accounts 2009-10 written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2012-02-07 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: In November 2011, HM Treasury published the first audited Whole of Government Accounts (WGA), covering the year 1 April 2009 to 31 March 2010 (HC 1601, ISBN 9780102975192). The Committee welcomes this major step forward in improving transparency and accountability and highlights some of the information it contains: at 31 March 2010 the government's public service pensions liability was around £1,132 billion; the present value of its future commitments under PFI schemes was £131.5 billion; the government wrote off £10.9 billion in unpaid taxes and expected to have to pay £15.7 billion for outstanding clinical negligence claims; cost of future nuclear decommissioning (£56.7 billion); the need for stronger accountability systems to secure effective responsibility for cost and value for money at local levels - academies, Free Schools, Foundation Trusts and GP consortia. But the WGA will only serve its purpose- showing what the government owns, owes, spends and receives - if it is timely and robust. The figures in the first audited WGA are too dated because Treasury took 20 months to prepare and publish the report. Treasury must address the issues that led the Comptroller and Auditor General to qualify his audit opinion on the WGA 2009-10. A key issue is Treasury's decision to deviate from accounting standards, by omitting Network Rail, the publicly owned banks, and various other government-controlled or owned bodies from the WGA. The Committee sets out a set of principles that future accounts should follow.

Treasury Minutes on the Forty-third the Forty-fifth to the Forty-sixth the Fifty-third, Fifty-fifth, Fifty-eighth and the Sixtieth to the Sixty-second Reports from the Committee of Public Accounts 2001-2002

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (53 download)

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Book Synopsis Treasury Minutes on the Forty-third the Forty-fifth to the Forty-sixth the Fifty-third, Fifty-fifth, Fifty-eighth and the Sixtieth to the Sixty-second Reports from the Committee of Public Accounts 2001-2002 by :

Download or read book Treasury Minutes on the Forty-third the Forty-fifth to the Forty-sixth the Fifty-third, Fifty-fifth, Fifty-eighth and the Sixtieth to the Sixty-second Reports from the Committee of Public Accounts 2001-2002 written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Efficiency and Reform Group's role in improving public sector value for money

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
ISBN 13 : 9780215561664
Total Pages : 52 pages
Book Rating : 4.5/5 (616 download)

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Book Synopsis The Efficiency and Reform Group's role in improving public sector value for money by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book The Efficiency and Reform Group's role in improving public sector value for money written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2011-10-11 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Efficiency and Reform Group (the Group) was established within the Cabinet Office in May 2010 to lead efforts to cut government spending by £6 billion in 2010-11. Its long term aim is to improve value for money across government by strengthening the central coordination of measures to improve efficiency. The imperative to make savings in the short term has involved the Group imposing new controls on departments, such as moratoria on certain expenditure. Sustained efficiency improvements, though, will need a much deeper change to both the culture and institutional structure of government. The Group also needs to clear up confusion over who is accountable for what in terms of improving value for money, especially in defining its responsibilities and those of the Treasury and individual departments. The Group's actions have resulted in efficiency savings of £3.75 billion across departments in 2010-11. It should continue to describe any future spending reductions accurately and explain any impact on services. The scale of the challenge to deliver efficiencies is huge: the Government intends that half of the £81 billion reduction in spending planned over the next three years should come from efficiencies rather than through cuts to services or delays to important projects. Many of the efficiencies must be achieved in areas where the Group currently has a limited influence, or by local bodies, where it has none. The Group should set out how it will operate to ensure that its approach can be replicated across the wider public sector.

Formula funding of local public services

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
ISBN 13 : 9780215038685
Total Pages : 48 pages
Book Rating : 4.0/5 (386 download)

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Book Synopsis Formula funding of local public services by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book Formula funding of local public services written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2011-11-16 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines existing approaches to formula funding across government, and the principles that should be carried forward to new arrangements. Government departments distributed £152 billion, one-fifth of all government spending, to local public bodies in 2011-12 based on the three grants considered: Primary Care Trust Allocations; Dedicated Schools Grant; and the Department for Communities and Local Government's Formula Grant. These distribute funding to local public bodies in a range of sectors, including health, education, local government, police and fire and rescue services. The formula funding systems are complex, difficult to understand, and have led to inequitable allocations. For Dedicated Schools Grant, based mainly on historical spending patterns, per pupil funding for schools with similar characteristics can vary by as much as 40%. Under Formula Grant, nearly 20% of authorities received allocations which are more than 10% different from calculated needs. The priorities accorded to different elements of the formulae are judgements which have a direct impact on the distribution of funds. In some cases the basis for the judgement is guided by authoritative, published independent advice. In other cases, the basis for judgement lacks transparency, and external advice lacks status and influence. Only 4% of respondents to DCLG's consultation supported the current version of the model used to calculate Formula Grant. Some of the data used by departments in calculating relative needs is inaccurate and out of date. Current reviews of formula funding provide opportunities to address the weaknesses identified in this report.

Treasury minutes on the twenty seventh to the thirty fourth, the thirty sixth to the fortieth, and the forty third to the forty fifth reports from the Committee of Public Accounts 2006-2007

Download Treasury minutes on the twenty seventh to the thirty fourth, the thirty sixth to the fortieth, and the forty third to the forty fifth reports from the Committee of Public Accounts 2006-2007 PDF Online Free

Author : Great Britain. Treasury
Publisher : The Stationery Office
ISBN 13 : 9780101721622
Total Pages : 120 pages
Book Rating : 4.7/5 (216 download)

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Book Synopsis Treasury minutes on the twenty seventh to the thirty fourth, the thirty sixth to the fortieth, and the forty third to the forty fifth reports from the Committee of Public Accounts 2006-2007 by : Great Britain. Treasury

Download or read book Treasury minutes on the twenty seventh to the thirty fourth, the thirty sixth to the fortieth, and the forty third to the forty fifth reports from the Committee of Public Accounts 2006-2007 written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2007-10-11 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Committee of Public Accounts treasury minutes are on the following reports: HCP 113, 06/07, 27th report (ISBN 9780215034311); HCP 179, 06/07, 28th report (ISBN 9780215034373); HCP 142, 06/07, 29th report (ISBN 9780215034304); HCP 189, 06/07, 30th report (ISBN 9780215034489); HCP 309, 06/07, 31st report (ISBN 9780215034496); HCP 91, 06/07, 32nd report (ISBN 9780215034571); HCP 275, 06/07 33rd report (ISBN 9780215034786); HCP 43, 06/07, 34th report (ISBN 9780215034830); HCP 729, 06/07, 36th report (ISBN 9780215034823); HCP 812, 06/07, 37th report (ISBN 9780215034878); HCP 261, 06/07, 38th report (ISBN 9780215034991); HCP 377, 06/07, 39th report (ISBN 9780215034922); HCP 368, 06/07, 40th report (ISBN 9780215035066); HCP 892, 06/07, 43rd report (ISBN 9780215035172); HCP 246, 06/07, 44th report (ISBN 9780215035271); HCP 250, 06/07, 45th report (ISBN 9780215035387)

Excess votes in 2010-11

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
ISBN 13 : 9780215041586
Total Pages : 20 pages
Book Rating : 4.0/5 (415 download)

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Book Synopsis Excess votes in 2010-11 by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book Excess votes in 2010-11 written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2012-02-02 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Committee of Public Accounts scrutinises the reasons behind individual Departments exceeding their allocated resources, and reports to the House of Commons on whether it has any objection to the amounts needed to rectify the reported excesses. The Committee may also make recommendations to Departments concerning the causes of these excesses. In 2010-11, two bodies breached their expenditure limits: The Department for Transport breached its Net Cash Requirement by £335.2 million, primarily because of weaknesses in monitoring its budget for the operation of its rail franchises; The Teachers' Pension Scheme (England & Wales) breached its Net Cash Requirement by £11.9 million because the Department for Education underestimated the number of members that would retire in 2010-11 and overestimated the contributions that would be collected from employers. On the basis of an examination of the reasons why these two bodies exceeded their voted provisions, the Committee has no objection to Parliament providing the necessary amounts by means of an Excess Vote. Nevertheless, it expects both bodies to set out what actions they have taken to improve their financial management and avoid exceeding their allocated resources in the future.

Oversight of user choice and provider competition in care markets

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
ISBN 13 : 9780215038913
Total Pages : 40 pages
Book Rating : 4.0/5 (389 download)

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Book Synopsis Oversight of user choice and provider competition in care markets by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book Oversight of user choice and provider competition in care markets written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2011-12-06 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currently, 340,000 people, or 30 % of eligible care users, have a personal budget, which enables the individual to choose their care provider. The Government wants all eligible users to be offered a personal budget by April 2013. Personal budgets currently cost the taxpayer £1.5 billion each year. The total annual expenditure on care is around £23 billion. Effective oversight of the care market is essential to protect the interests of both social care users and of taxpayers. There is growing consolidation in the social care market at a regional level. Yet the Department did not have a view on what level of market share represents a risk of provider dominance, or arrangements to protect users should a large-scale provider fail. This is worrying given the recent experience of Southern Cross and the high levels of debt that some providers are carrying. There are risks to the future functioning of the social care market from local authority budget reductions. The report notes some difficult areas with personal budgets: provision of advice, ease of changing support, redress. The Department has to rely on local authorities to implement its policy of universal provision of personal budgets but it cannot compel local authorities to act. The Department will shortly issue a White Paper on reforming social care delivery. The changes the Department makes must address concerns about giving users a real choice, overseeing the market to ensure competition and stability, and putting in place arrangements and contingencies to deal with major provider failure.

Protecting consumers - the system for enforcing consumer law

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
ISBN 13 : 9780215038548
Total Pages : 56 pages
Book Rating : 4.0/5 (385 download)

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Book Synopsis Protecting consumers - the system for enforcing consumer law by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book Protecting consumers - the system for enforcing consumer law written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2011-11-09 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Commons Public Accounts Committee publishes its 54th report of Session 2010-12, on the basis of evidence from consumer groups, the Department for Business, Innovation and Skills, the Office of Fair Trading, and the Trading Standards Institute, examining the current arrangements for the enforcement of consumer law, and the proposed changes to the regime. Individual consumers lose around £6.6 billion every year because of the malpractices of traders. At least £4.8 billion is lost through malpractices which occur at a regional or national level, such as mass market scams, counterfeiting, and unscrupulous traders who operate over large geographical areas. The Department has overall responsibility for policy on consumer protection. However, the majority of enforcement work, from weights and measures testing to the prosecution of rogue traders, is carried out by local authority Trading Standards Services, each with jurisdiction in only its own local area. The Committee states, that the Department has limited understanding of the true cost of protecting consumers or of the success of existing interventions. There is no clear and complete information on how much enforcement activity actually costs. The approach to enforcing consumer protection has not kept pace with the changing nature of the problems it is intended to tackle, such as online shopping. Any changes the Department makes must deliver a system fit for the modern era. Responsibility for tackling regional and national instances of malpractice or rogue trading must be clearly designated.

Treasury Minutes

Author : Great Britain. Treasury
Publisher :
ISBN 13 : 9780101885164
Total Pages : 39 pages
Book Rating : 4.8/5 (851 download)

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Book Synopsis Treasury Minutes by : Great Britain. Treasury

Download or read book Treasury Minutes written by Great Britain. Treasury and published by . This book was released on 2014 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Treasury Minutes on the Twenty-fourth, Twenty-ninth, Thirty-sixth, Thirty-seventh, Forty-third, Forty-seventh and Fifty-first Reports Together with Summaries of Those Reports

Download Treasury Minutes on the Twenty-fourth, Twenty-ninth, Thirty-sixth, Thirty-seventh, Forty-third, Forty-seventh and Fifty-first Reports Together with Summaries of Those Reports PDF Online Free

Author : Australia. Parliament. Joint Committee of Public Accounts
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (114 download)

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Book Synopsis Treasury Minutes on the Twenty-fourth, Twenty-ninth, Thirty-sixth, Thirty-seventh, Forty-third, Forty-seventh and Fifty-first Reports Together with Summaries of Those Reports by : Australia. Parliament. Joint Committee of Public Accounts

Download or read book Treasury Minutes on the Twenty-fourth, Twenty-ninth, Thirty-sixth, Thirty-seventh, Forty-third, Forty-seventh and Fifty-first Reports Together with Summaries of Those Reports written by Australia. Parliament. Joint Committee of Public Accounts and published by . This book was released on 1961 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Means testing

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
ISBN 13 : 9780215040183
Total Pages : 44 pages
Book Rating : 4.0/5 (41 download)

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Book Synopsis Means testing by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book Means testing written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2012-01-12 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government uses means testing to distribute at least £87 billion of benefits to claimants each year, around 13% of total public spending. The poorest fifth of households rely on means-tested benefits for a third of their net income. The planned introduction of a new means-tested Universal Credit will replace a number of existing means-tested benefits. Currently 30 different means tested benefits are managed by nine departments and 152 local authorities in England. But Departments have a limited understanding of how their design of benefits affects incentives for employment, the burden on claimants, take-up and administrative costs. Departments need to improve their understanding of how all benefits interact and how changes to eligibility rules can affect claimants. Complexity increases the burden on claimants which can harm take-up, and is likely to disadvantage the most vulnerable members of society in particular. The Government expects Universal Credit reforms to simplify the system and improve incentives to find work. The DWP's priority is to focus on the effective delivery of these reforms. However, success will also depend on proper coordination between Universal Credit and other means-tested benefits. In addition, DWP and HMRC are designing a real-time information (RTI) system for Universal Credit to reduce the risk of overpayments, with benefits being recalculated as soon as circumstances change. Both DWP and HMRC need to understand how the introduction of this system will impact on small businesses and the self-employed who may not have the necessary IT to administer it.

Reorganising central government bodies

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
ISBN 13 : 9780215043764
Total Pages : 44 pages
Book Rating : 4.0/5 (437 download)

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Book Synopsis Reorganising central government bodies by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book Reorganising central government bodies written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2012-04-24 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under the Public Bodies Reform Programme the Government is reducing the number of its arm's length bodies from 904 to between 632 and 642 by the end of the current Spending Review period and will have a substantial and lasting impact. The Programme is intended to improve accountability for functions currently carried out at arm's length from Ministers. The Cabinet Office says it is on track to make £2.6 billion of administrative savings by 2015. However there are substantial reservations about the robustness of this claim. Key concerns are that: there is a risk departments are claiming savings which are actually cuts to services, when they should be including only genuine savings arising from administrative reorganisations; estimates of transition costs such as redundancy and pension costs are incomplete; the savings estimate does not fully take account of the ongoing costs to other parts of government of taking on functions being transferred from abolished bodies and some departments have wrongly included wider savings from bodies being retained, rather than just administrative savings from bodies being abolished or substantially reformed. The Cabinet Office has accepted that its savings estimate needs to be reassessed and has undertaken to 'rebase' it. Focus now needs to be on managing the Programme effectively. Departments have decided on the form of individual reorganisations themselves without clear direction from the centre, leading in some cases to inconsistent treatment of bodies with similar functions. Furthermore, departments may not be getting the best value for money from the sale or transfer of assets of bodies being abolished

The free entitlement to education for three and four year olds

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
ISBN 13 : 9780215045102
Total Pages : 48 pages
Book Rating : 4.0/5 (451 download)

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Book Synopsis The free entitlement to education for three and four year olds by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book The free entitlement to education for three and four year olds written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2012-05-22 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department for Education provides funding for local authorities to pay for three and four year olds to receive their entitlement to 15 hours of free education each week. The Department devolves delivery to local authorities and providers but it is responsible for the overall value for money from the system. In 2011-12 the Department's estimated funding for the entitlement of £1.9 billion provided over 800,000 three and four year olds with access to free education; an estimated annual allocation of approximately £2,300 per child. While the Department and local authorities have focused on ensuring places for children are available, there has been less attention on how value for money can be secured and improved. While there is evidence of educational improvement at age five, the evidence that this is sustained is questionable. The Department needs to do more to understand how educational benefits can be lasting. There is not enough good information for parents to make informed choices and there is concern at reports that some families are still not receiving the entitlement free of charge. It is important that all parents know what the entitlement is and that it should be provided completely free. Early years education has the greatest benefit for children from disadvantaged backgrounds however these children have the lowest levels of take-up and deprived areas have the lowest levels of high quality services. The Department needs to identify and share good practice from those local authorities which are having the most success.

DfID financial management

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
ISBN 13 : 9780215561848
Total Pages : 44 pages
Book Rating : 4.5/5 (618 download)

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Book Synopsis DfID financial management by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book DfID financial management written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2011-10-20 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the Department for International Development's financial management capability, its increasing focus on value for money, and the challenges it faces in managing its increasing programme budget while reducing its overall running costs. DFID is protected from overall expenditure reductions as the Government has committed to increasing the UK's aid spending to 0.7% of gross national income by 2013. The Department faces a substantial challenge to improve its financial management while reducing its administration costs by a third over the next four years. The Committee welcomes the planned introduction, in 2011, of a finance improvement plan. DFID must now keep up the focus on better financial management. There is concern that the Department does not quantify the likely level of leakage through fraud and corruption. And DFID is only considering fraud risk at the level of delivery method rather than at a country level. Management of fraud risk will require a stronger framework for ensuring money is properly spent on the ground, with effective monitoring and pro-active anti-fraud work. The likely increase in funding via multilateral organisations (which then determine how to distribute the aid worldwide) might not ensure value for money as DFID does not have the same visibility over the cost and performance of multilaterals' programmes as it does over its own bilateral programmes. Finally, the Committee is concerned that the Department still has insufficient data to make informed investment decisions based on value for money.