What's happening in the public sector?

Article Abstract:

Important changes in public-sector policy will affect domestic rates and tendering for services in Scotland. Community charges, for which each adult member of a household receives a personal bill, will replace domestic rates for a single household on Apr 1, 1989. Services with annual budgets exceeding 100,000 pounds sterling will be subjected to competitive tendering. Local authorities must therefore develop policies, determine priorities, and budget available funds. The effects of changing housing patterns, control of school boards by parents, and competitive bidding for services will force future review of the two-tiered structure of regional and district councils. A decision about the privatization of three nationalized Scottish industries will be announced in late 1988.

Research, Scotland, Public sector

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The Financial Management Initiative - Is it working?

Article Abstract:

The British government adopted the Financial Management Initiative (FMI) in May 1982 in order to improve the efficiency of its civil service agencies. Between 1985 and 1986, the National Audit Office (NAO) studied 12 government agencies of various sizes and activities to assess the progress that has been made under FMI management strategies. The NAO gave the Scottish Office, one of the 12 agencies assessed, a mixed review. The Scottish Office's costing of services and performance indicators were criticized, although the NAO did credit the Scottish Office with being more cost-conscious. The NAO concluded that FMI is helping control governmental costs and ensure value for money in government expenditure areas.

Management, Officials and employees, Finance, Public finance, Civil service, United Kingdom. National Audit Office, Administrative agencies, Government agencies, United Kingdom. Scottish Office

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A nod and a wink from the Treasury

Article Abstract:

The Byatt Report from Great Britain's Treasury Department was published in August 1986 to comment on the best accounting policies for changing prices. The report is of special help to nationalized industries (NIs), but it could also be of use in the private sector. The report recommends that NIs adopt (with appropriate modifications) current cost accounting practices and that NI accounts include information on results obtained on the basis of real financial capital maintenance. The report also suggests that the balance sheet include assets at their value to the business. Although appearing simple, the recommendations are complex and introduce new concepts. The consequences of the report are discussed.

Economic aspects, Reports, Accounting and auditing, Prices, United Kingdom. Treasury, Cost accounting, Inflation accounting

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