Treasury offers advice

Press, 13 March 1984, Page 6

Treasury offers advice

PA Wellington The Treasury has issued a glossy 37-page booklet on financial management guidelines to Government departmental permanent heads and managers. The Government’s financial management systems were criticised after costing errors for South Island irrigation schemes. The Acting Minister of Finance, Mr Falloon, said that the guidelines contained the principles of good

financial management. The booklet had been issued by the Treasury with the support of the State Services Commission and the Audit Office. Mr Falloon said that in recent years good progress had been made in introducing financial management to departments. Continued progress depended on the support and leadership of permanent heads, he said. The Secretary to the

Treasury, Mr B. V. Galvin, wrote in the booklet’s foreword, “There is nothing radical or innovative in this document. On the contrary, it represents no more than a restatement of a widely held set of common management principles.” He said that the guidelines would do no more than describe a framework on which detailed procedures and instructions could be built.