25 July 2007

Managing public money

This publication does what it says. It offers you guidance on how to handle public funds of all kinds properly. The public, and Parliament acting on their behalf, has 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 such public money responsibly.

Much of what managing public money (MPM) requires is just good common sense, or sound financial management. There are also some specific rules and conventions about how certain things are handled. You need to be aware of these so that policies, programmes and projects work smoothly and serve their intended purposes.

A complete PDF of Managing public money and the annexes are available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.

Together this material replaces Government Accounting from October 2007. Last updated April 2008.

If you have any comments or enquiries about MPM, please contact Jim Duncan tel: 020 7270 4833.