Magazine article Public Finance

Laws Should Be Costed, Argues CIPFA

Magazine article Public Finance

Laws Should Be Costed, Argues CIPFA

Article excerpt

Clearer and more detailed information is needed about the cost of proposed laws and policies, according to leading public finance officers in Scotland.

In a submission to an influential committee of MSPs, CIPFA in Scotiand warned of a lack of transparency. It advised that new legislation and policies should routinely be accompanied by detailed statements about expected outcomes and clear quantified statements of expected costs, income and savings.

'Good financial management should in fact begin with the Scottish Parliament, where all legislation should be fully costed,' CIPFA stated.

'It should also be a powerful influence on the culture of all other public bodies in Scotiand.'

The institute's evidence has been submitted to the Parliament's standards, procedures and public appointments committee, which is conducting an inquiry into the transparency and scrutiny of financial resolutions and amendments.

In the submission, the head of CIPFA in Scotland, Angela Scott, pointed out that although the committee's focus was on a specific issue, it touched upon and raised much wider issues, specifically the need to make better and more transparent decisions and to establish a culture of good financial management. …

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