Strong, strategic financial management of public services requires best-practice legislation, policies and management frameworks underpinned by systems, support and an organisational culture that enables staff and leadership to deliver optimal outcomes.
Ultimately, the NSW government financial management framework relies on four key elements:
- the right organisational and leadership capabilities
- supporting a culture of strong financial management and discipline
- fit-for-purpose, efficient and effective processes and systems
- quality management information to enable evidence-based decision-making.