FINANCE

Time to pull the belts in and batten down the hatches – again

Tracie Langley says her task of signing off that a budget is robust has to be based on a significant confidence that savings are deliverable, which is becoming tougher when costs are increasing 'without any relationship to the consumer price index'.

It's that time of year when we try to second-guess the Spending Review in the vain hope local government might see the merest morsel of additional funding to help cope with the onslaught.

Using any insight to confirm our very unstable assumptions in our budget plans is a key skill which is being sorely tested on the basis that the normal amount of leaks and titbits from Government sources are not happening. Our budget balancing plans have taken on a new urgency as we try to ensure there are delivery plans against savings targets which will result in a reduction of budget.

Popular articles by Tracie Langley

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