In a speech at the Institute for Government today, Darren Jones laid out his plans to transform and upgrade the government's central finance system.
- New technology will improve timeliness and accuracy of data used to inform decision-making at the centre of government.
- Ministers to be able to access live data showing departmental delivery and finance performance data at a programme and project level.
- Inspired by the private sector, the overhaul comes after Prime Minister last week announced radical transformation of the state, so it works for working people and delivers on the Government's Plan for Change.
As the Government pushes on with plans to rewire the British state to deliver for working people through its the Government's Plan for Change, the Chief Secretary has today announced wide ranging reforms to modernise and reform the architecture of public spending across government.
In a speech at the Institute for Government today, Darren Jones laid out his plans to transform and upgrade the government's central finance system, to improve the timeliness and accuracy of data shared between departments and HM Treasury to boost decision-making at the heart of government.
Currently, departments track their own spending and performance, and share data with the Treasury via manual uploads in online spreadsheets and physical letters. This means the Treasury does not have real time access to departments the finance and performance management data and cannot see in real time departmental spending and its impact.
To address inefficiencies, the Chief Secretary has formed plans to transform government's approach to understanding, tracking, and evaluating spending across departments.
Under these new plans, Ministers will have access to live and real-time performance data at both a departmental and programme level.
This means Ministers will be able to see in real time what programmes are over or under spending, which projects are delivering and not, and how departments are performing against their budgets and objectives.
All of this will improve the timeliness and accuracy of data insight to boost financial and strategic decision-making at the heart of government.
Chief Secretary to the Treasury Darren Jones said:
The Prime Minister been clear that the government will rewire the state, so that it better delivers on the people's priorities.
I am convinced that through investment and reform, we can deliver a more productive and agile state that delivers better outcomes for people and reduces the cost of running public services.
That's why as part of my wider reforms to public spending, HM Treasury will be using technology to analyse finance and performance data in real time and free up departments to focus on delivery instead of Treasury compliance reporting.
This drive for modernisation and reforming the state comes after the Prime Minister last week announced a radical transformation of the state, to streamline efficiencies and cut wasteful spending, so that it works for working people and delivers his Plan for Change. It also comes a week before the Chancellor delivers the Spring Statement.
