financial management

Strain increases on the public sector as Budget confirms another £2bn taken from services

CIPFA Press Release 

The public sector suffered further cuts in the Chancellor’s budget as he confirmed that he would take another £1bn out of public funding through additional changes to public sector employee pensions.

This comes in addition to his decision to permanently take away £1bn of  government departments’ underspends, some of which would have been money held back as a contingency. Both of these measures come on top of the already announced cuts to Government spending.

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The CIPFA Financial Management Panel is a functional, cross sectoral panel that reports to CIPFA’s Public Finance and Management Board (PFMB).

The panel focuses on the principles of financial management that apply across the whole of the public services and on identifying actions to achieve improvements in financial management.

Financial Management Panel


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