Magazine article Public Finance

Whitehall 'Too Slow' Taking Up Resource Accounting

Magazine article Public Finance

Whitehall 'Too Slow' Taking Up Resource Accounting

Article excerpt

Government departments are not implementing resource accounting and budgeting systems properly to ensure they are delivering value for money, senior MPs have warned.

The Commons' Public Accounts Committee criticised ministries for not putting resource accounting at the heart of their management systems. The result is that departments are not exploiting the ability of the new accounting regime to identify areas of waste and low productivity.

Edward Leigh, the committee's Conservative chair, lamented Whitehall's poor performance. He said: 'Departments have highly developed mechanisms to help them use their resources more productively. Many departments are not yet using them properly.

'If they did, they could identify areas of waste or low productivity. Just a small proportion of efficiency gain could save billions of pounds for the taxpayer. …

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