Local Spending Reports 'make public finance transparent'
31st December 2009
Public spending is to be made more accountable and transparent under new plans from the government.
Communities secretary John Denham has unveiled the Local Spending Reports initiative, which shows how public finances are being invested in local services such as transport, health, policing and fire protection.
In the reports, greater information will be provided on how quangos such as learning and skills councils are spending their funds and what grants central government is providing to local authorities.
'Providing expenditure alone risks knowing the cost of everything and the value of nothing. Taxpayers have a right to know how their hard-earned money is being spent,' he commented.
Mr Denham explained the new reports will permit citizens and local authorities to scrutinise where government is functioning in their area and how effective this investment is proving.
This week, a new local taskforce to create money efficiencies while protecting frontline services was announced as part of the government's wider GBP 8 billion efficiency drive.