Public strongsectorstrong performance A global perspective - CIMA.pdfVIP

Public sector performance A global perspective The public sectors of different countries are shaped by many factors, but they share common challenges. Those challenges make public sector performance management more complex than it is in the private sector. The generally simpler environment of the private sector and its efficient evolution of best practice allow companies to benefit from tools and insights that are the envy of managers in the public sector. This report will be of interest to readers from all sectors due to the role of the public sector with respect to economic growth and the increasing interdependencies of public and private sectors. It also includes a specific solution to one of the biggest public sector challenges – the alignment of policy to outcomes. Measuring government performance has long been recognised as necessary for improving the effectiveness and efficiency of the public sector. Government at a Glance 2011, OECD Governments, like companies, need timely and accurate financial information to monitor and manage their performance. IFAC recommendations to G20 in response to the global 1 financial crisis, 2009 I do believe that there is a systematic, pervasive, though possibly not deliberate, ignorance of the critical value and importance of good accounting to governments. Ian Ball, IFAC CEO, Dec 2010 Figure 1: Better performance management information serves both managers and stakeholders Better data generates better information I : n l t a a e n n r r a n e o a