Change description : 2026-04-16 14:31:00: The updates to Managing Public Money incorporate new guidance on the interpretation of ‘Novel, Contentious and Repercussive’ to Chapter 2 and Annex 2.2. A correction has also been made to a heading in Table A1.1.B.Delegated Authority Guidance: Expenditure categories subject to specific controls added. [Guidance and regulation]
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The public, and Parliament acting on their behalf, have a right to expect that funds raised using powers agreed by Parliament will be used for the purposes intended. Public servants have a demanding fiduciary duty to use public money responsibly.
Much of what managing public money requires is just good common sense, or sound financial management. There are also some specific rules and conventions about how certain things are handled, which ensure that policies, programmes and projects work smoothly and serve their intended purposes.