Councils in Wales are improving their medium-term financial planning

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Submitted by Anonymous (not verified) on

The majority of councils in Wales have improved their medium-term financial plans and now have an effective approach to forecasting the savings they need to achieve. That is according to a report, published today, by the Auditor general for Wales. It also found that there is still more for councils to do in planning how they intend to bridge the funding gap that they have identified, which undermines their medium-term financial plans.

Building financial resilience in public services

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Submitted by Anonymous (not verified) on

With the ever changing public service landscape in Wales, organisations need to put greater emphasis on flexibility, adaptability and a long-term perspective in their financial management. This means being responsive, robust and resilient.

Most public sector organisations manage their finances proficiently and have become lean. However, with significant funding gaps forecast in future years, how can they continue to be financially resilient?

A plan is needed!

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