Source · Select Committees · Public Accounts Committee
Recommendation 11
11
Acknowledged
Government Finance Function recognises need for significant upskilling and data-driven improvements.
Conclusion
We were pleased to hear that the Government Finance Function (GFF) recognises the need for a significant shift.23 It told us that it has conducted an internal skills assessment and will recruit additional experts to help 13 Qq 147, 148 14 Qq 123, 146 15 Q 140 16 Q 85 17 Qq 86, 89, 90, 94, 106 18 Q 88 19 Qq 95, 96 20 Qq 91, 107 21 Q 91 22 Qq 92, 93 23 Q 139 9 upskill the finance function.24 This aligns with the GFF’s new strategy that prioritises better use of data to enhance value for money.25 GFF told us this upskilling will include working to improve the understanding of cost drivers and spending more time on this as an area of focus.26
Government Response Summary
Capability will be strengthened through the Government Finance Academy and peer support via the Finance Foundations Group, with departments piloting the standard and sharing lessons learned.
Government Response
Acknowledged
HM Government
Acknowledged
2.5 Capability will be strengthened through the Government Finance Academy and peer support via the Finance Foundations Group. Departments will pilot the standard and share lessons learned to refine the approach.