Magazine article Public Finance

Public Sector Has 'Exhausted' Potential Savings

Magazine article Public Finance

Public Sector Has 'Exhausted' Potential Savings

Article excerpt

Many of the efficiency gains to be had in the public sector have already been exhausted, the head of the National Audit Office has said.

Addressing the conference, Amyas Morse said there were no easy or short-term answers to driving down public service costs.

'Much of the low-hanging fruit has already been picked, and if it hasn't been picked if s turned into raisins long ago,' Morse told delegates on November 10.

He added that 'really strong financial managemenf was vital and suggested public sector managers could learn much from their counterparts in the private sector and their business acumen.

'There is less understanding [in the public sector] of all the objective measurement tools that are commonly used in the private sector,' Morse told delegates.

But he warned that there would also be 'significant opportunity costs' involved in generating savings. …

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