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The newly elected Northern Ireland Executive must improve its governance of public services and resources to prevent further political upheaval the Chartered Institute of Public Finance and Accountancy (CIPFA) warns today (28 February).
Ahead of the Northern Ireland Assembly elections on Thursday, CIPFA has highlighted in a manifesto that the upcoming election is in part due to several governance failures, one of which could lead to an overspend of public money of up to £485m. To avoid the same mistakes from being made, the Institute calls upon the newly elected Executive to improve its governance of public finances.
CIPFA believes that to achieve better governance, the new assembly must consider the following:
Commenting on CIPFA’s Northern Ireland manifesto, Head of Devolved Administrations at CIPFA Don Peebles said:
"The Northern Ireland Executive drastically needs to improve its public financial management. Indeed, the reason for the 2017 election is, in part, the result of a series of already well-publicised governance failures.
“It is time to put public services on the right financial footing again, as only through good governance can Northern Ireland deliver modern and progressive public services. Core principles have to be established that will protect those services from corruption and help the people of Northern Ireland regain confidence in public bodies and their leaders.
“The newly elected Assembly needs to put the public interest at the heart of its agenda straightaway and keep it there as the foundation of its decision making going forward.”
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CIPFA’s Northern Ireland manifesto CIPFA’s Five Point Plan is attached to this email.
CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. CIPFA shows the way in public finance globally, standing up for sound public financial management and good governance around the world as the leading commentator on managing and accounting for public money.