Spending public money wisely

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Helping the nation spend wisely

10 SeptemberSpending public money wisely

Max Tse, Director at National Audit Office

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OBR spending projections

Total public sector spending and receipts

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Recent changes

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Conflicting prioritiesIgnoring inconvenient factsOut of sight, out of mindNot learning from mistakesFour pervasive issues4 pervasive issues

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Conflicting prioritiesIgnoring inconvenient factsOut of sight, out of mindNot learning from mistakesFour pervasive issues4 pervasive issues

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Handling conflicting prioritiesDepartment for International Development Financial Management (2011)

The Department has improved its core financial management and has an ambitious programme underway to improve its focus on value for money.Strategic flood risk management Environment Agency (2014)

In the face of increasing flood risk in England and pressure on defences, the Environment Agency has improved the cost effectiveness and prioritization of its flood risk spending.

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Conflicting prioritiesIgnoring inconvenient factsOut of sight, out of mindNot learning from mistakesFour pervasive issues4 pervasive issues

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Not ignoring inconvenient factsTransparent about the limitations of assumptions

Identify and monitor critical assumptions

Work through the consequences of variation

Tackle barriers and complications

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Conflicting prioritiesIgnoring inconvenient factsOut of sight, out of mindNot learning from mistakesFour pervasive issues4 pervasive issues

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Sustainability

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Conflicting prioritiesIgnoring inconvenient factsOut of sight, out of mindNot learning from mistakesFour pervasive issues4 pervasive issues

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Lessons from recent welfare reforms

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Thank youAll reports are available at www.nao.gov.uk

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Please contact Max Tse with any further questionsmax.tse@nao.gsi.gov.uk

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