Description

This paper provides an overview of the Financial Management Framework for the General

Government Sector.

The Framework is a consolidation of, and advancement on, recent financial management reforms. It

is intended to facilitate further improvements in Government program and service delivery through

two broad mechanisms.

Firstly, the Framework is intended to facilitate a more effective Budget process, by focussing on

mechanisms which, within the context of the Government’s fiscal strategy, will achieve more efficient

and effective resource allocation and secure value for money in the provision of goods and services

and in other Government activities.

Secondly, the Framework is intended to facilitate improvements in the management of the

Government’s asset and resource base, to ensure that the resources applied to program and service

delivery are managed in a way which will maximise their delivery capacity.