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Public sector finances

ICAEW members are business and finance leaders working in the public interest for the long-term benefit of the UK economy.

While the majority of our members work in business, many of them also work within the public sector. Building on their expertise and insights, ICAEW supports greater transparency and accountability in public sector finance and provides policy recommendations to ensure tax-payers money is managed wisely.

Latest policy recommendations:

ICAEW contributes to IFS Green Budget 2018

28-08-2018

ICAEW will be providing expert insights into the UK government's finances for the fourth time, when the Institute of Fiscal Studies (IFS) publishes its Green Budget on 16 October 2018. Alongside hosting the launch at Chartered Accountants Hall, ICAEW is providing two chapters examining the UK governments assets and defence spending.

Can a Labour government balance the books?

08-06-2018

In its last manifesto, the Labour Party pledged to bring the water, rail and energy sectors back into public ownership, while at the same time introducing a Fiscal Credibility Rule. But is it possible to do both and ensure the sound economic future of the UK? ICAEW has joined forces with the Fabian Society to explore the tough spending choices that would face a Corbyn government.

Public money for the public good

05-06-2018

The role of professional accountants is fundamentally about creating trust. Trust that numbers are correctly stated and that a true and fair account has been produced, showing what money has been raised and how that money has been used.

The debt of nations

Ross Campbell, Martin Wheatcroft 17-04-2018

A decade after the corporate debt crisis, public debt is at an all-time high and continues to rise. The potential for a global public debt crisis should not be ignored. ICAEW shares policy insight.

Procurement: Tendering for local audit

Sumita Shah | Paul Dillon-Robinson 07-03-2018

This special report has been written to support local public bodies when they are in the process of tendering for external audit services under the Local Audit and Accountability Act 2014. It is largely based upon recent experiences by accountancy firms, gained in tendering for NHS Foundation Trusts and other public sector procurements, learning the lessons from these procurement exercises.

The role of financial leadership in sustainable public finances

06-03-2018

In this publication, we explore the role that finance leaders can and should play in managing sustainable public finances. We explore the drivers for strong financial leadership and the skills and competences that, in our view, a strong finance leader should have. Senior leaders, from around the world, provide their thoughts on the importance of strong finance leaders in the public sector.

UK PFM stakeholder guide

20-11-2017

ICAEW has a new addition to the better government series: a guide for stakeholders working with the UK Central Government Public Financial Management System.

Managing the public balance sheet

16-11-2017

An ICAEW policy insight aimed at helping governments and parliaments understand how good balance sheet management can improve the overall management of the public finances and the questions they should be asking to make the most of their integrated financial reports.

ICAEW analysis of WGA 2015/16

09-08-2017

On 13 July 2017, the UK Government published its seventh Whole of Government Accounts (WGA) - the UK government’s annual financial report for 2015/16. Here ICAEW experts provide a summary of the WGA.

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