FINANCE

A smart approach to public sector spending

Jeffrey Matsu says two case studies show that value for money frameworks when used correctly result in better outcomes and can drive efficiency improvements and savings.

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Councils today face tighter budgets and rising public expectations, making it essential to deliver better outcomes with fewer resources. The UK's Office for Value for Money is calling for systemic change, urging public organisations to embed value for money (VfM) practices in their policies and projects. This approach is not just a theoretical idea but a way to make tangible improvements through better planning and execution.

A new report from the Chartered Institute of Public Finance and Accountancy and the University of Oxford, Maximising value for money: case studies on smarter public spending, shares insights on how practical tools can improve decision-making and drive efficiency.

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