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Accessible HTML version
Only the Proposal and Executive Summary sections of this Cabinet paper are extracted below in HTML. If you require a full HTML version please contact [email protected] and cite CAB-19-SUB-0439 as a reference.
Cabinet Paper CAB-19-SUB-0439: Public Finance System Modernisation - Implementing step 1 of financial management and accountability changes
1In May 2019, Cabinet invited me to report to the Cabinet Government Administration and Expenditure Review Committee (GOV) by August 2019 with initial proposals to modernise the public finance system [CAB-19-Min-0214 refers], focusing on:
1.1piloting a fundamentally different approach to strategic planning and reporting;
1.2potential changes to increase financial flexibility and reduce compliance costs for agencies reporting to the Treasury; and
1.3options to support innovation and collaboration.
2This paper seeks agreement to a number of proposals relating to paragraphs 1.1 and 1.2 above to implement step 1 of the public finance system modernisation work programme. These proposals will be implemented over Budgets 2020 and 2021.