Title

CIPFA

Redefining Value for Money in Public Spending

With no new funding in sight, smarter public spending is essential, and an upcoming report offers a roadmap.says Iain Murray.

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What does value really mean when it comes to public spending?

Is it just about meeting short-term targets, or is there a deeper conversation about what we achieve with those resources? And when we talk about value for money (VfM), are we measuring long-term outcomes or simply aiming for immediate savings?

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