Financial management

The Public Finance Act exists to govern the use of public financial resources. The Public Finance Act imposes a number of requirements on State sector Agencies.

The Public Finance Act provides the core legislative framework within which the Government can borrow money or spend public money. This framework provides for both the rights of Parliament to give informed authority for, and scrutiny of, government borrowing and activity, and the need for the Executive to have sufficient ability to effectively and responsively manage the affairs of the Government.

The Treasury provides guidance on meeting these requirements, financial planning, financial management and performance management.

Page last updated: 11/05/2014