Public sector FDs under 'enormous pressure' to cut costs

24 June 2009

25 June 2009 | Jake Kanter

Spending less and getting value for money are the priorities for most public sector finance directors (FDs) this year.

A survey by the Chartered Institute of Public Finance & Accountancy (CIPFA), commissioned by Civica, found 93 per cent of 129 public sector FDs had cost-cutting at the top of their agendas. It follows the government's five-year, £15 billion savings target for the public sector in April's Budget (Web news, 22 April 2009).

Ian Carruthers, director of policy & technical at CIPFA, said finance professionals were under "enormous pressure" to deliver value for money, while maintaining the integrity of local services.

Many of those surveyed said this could be achieved through better procurement. Some 57 per cent of the FDs said they were "well placed" to boost joint purchasing with other public bodies and deliver procurement savings.

The government's Operational Efficiency Programme this year found £6.1 billion of annual savings were possible through harnessing the public sector's collective buying power.

Over three-quarters - 83 per cent - of the respondents believe a new government would introduce further efficiency savings targets.

SMjun2009

LATEST
JOBS
Swindon, Wiltshire
upto £40K base (+ Paid overtime and corporate benefits)
Honda Manufacturing Ltd
Kew gardens, Richmond upon Thames, London (Greater)
£37,000 - £42,500 per annum pro rata, depending on skills and experience
Kew Royal Botanic Gardens
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE