Managing Public Money Novel And Contentious. Esfa may refer such transactions to hm treasury for approval so trusts should allow. Public servants have a demanding fiduciary duty to use public money responsibly.
The spend controls do not change the role of the accounting officer as set out in chapter 3 of the managing public money guidance. Managing welsh public money should not however discourage the application of common sense. Much of what managing public money requires is just good common sense or sound financial management.
5 5 novel contentious and or repercussive transactions must always be referred to esfa for prior approval.
Much of what managing public money requires is just good common sense or sound financial management. Everyone working in public services in ni should be aware of the need to manage and deploy public resources responsibly in the public interest. Artificial tax avoidance should always be regarded as a novel and contentious use of public resources. It falls to the treasury to respect and secure the rights of both government and parliament in this process.
